by devsupport | Jul 16, 2021 | Business Set Up, Grant & Money
Generally, profits or losses derived from the buying and selling of shares or other financial instruments are viewed as personal investments. Payouts from insurance policies are also not taxable as they are capital receipts. These profits are capital gains and are not...
by devsupport | Jul 7, 2021 | Accounting, Grant & Money, Income Tax
A wealthy couple who made some $16 million from buying and selling three good class bungalows (GCBs) within six years will have the profits taxed as income earned. Here is a typical example of how you should not just rely on Singapore does not tax capital gain by...
by devsupport | Jul 2, 2021 | Accounting, Cloud Accountant
As the pandemic has ravaged all facets of human life, we had to begin to adjust to it. Businesses had to figure out ways to continue with their operations while complying with the new regulations and minimizing the risk to workers by implementing work from home...
by devsupport | Jun 23, 2021 | Business Set Up
Singapore, often regarded among the global elites as one of the key business hubs in the world. Singapore is so appealing as a global commercial hub that several of the world’s largest corporations, such as Google and Facebook, have established Asia-Pacific...
by devsupport | Jun 7, 2021 | Accounting, Cloud Accountant
As you may know, all private limited companies need to file its accounts on time are required to file annual returns with ACRA to ensure that the company’s information on ACRA’s register is up to date under the Companies Act in Singapore. Since 2020, SMEs can now...
by devsupport | Jun 2, 2021 | Business Set Up, Human Resources
More than half of new businesses fail during the first two years of incorporation. Not all of the 50% of businesses need to fail. The failure of the business can always be attributed to key factors that determine the success of a new start-up. Let’s us go...
by devsupport | May 28, 2021 | Accounting, Cloud Accountant
Cloud accounting software is commonly referred to as an online accounting software, web- powered software or web-based accounting software. This is hosted on a remote server, where the users send data to “the cloud” and it is processed and returned to the user. Cloud...
by devsupport | May 24, 2021 | Accounting, Business Set Up, Cloud Accountant, Income Tax
GST was first implemented on 1 April 1994, modelled off the UK VAY and New Zealand GST. It is meant to lower personal and corporate tax rates while contributing to a revenue base for the government. GST is a consumption tax that is applicable to the import of goods...
by devsupport | May 17, 2021 | Accounting, Business Set Up, Cloud Accountant
In traditional accounting, a dedicated in-house computer hard drive is used to store data and host applications. The on-premise accounting program is mounted on a desktop computer and can be accessed via a desktop application. It does not need an internet connection,...
by devsupport | May 12, 2021 | Accounting, Business Set Up, Compliance
Singaporean Companies should appoint a secretary within six months of incorporation. However, what specifically is the job of a secretary and what can they bring to the table? Knowing the critical position, a company secretary plays in your business necessitates...
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