Singapore Tax Changes for 2024: What Accountants Need to Know
As the year comes to a close, accountants in Singapore's ever-changing corporate sector must stay on top of tax trends. Understanding future tax changes is critical for efficient financial planning and compliance as we approach 2024. Let's take a look at the...
Accounting in Digital Era: A Guide to Choosing Secure and Reliable Accounting Software
Whether you own a small or large business, keeping an attentive eye on the money you bring in and payout should be your top priority. This is why having the correct accounting software is essential. You require a program that will assist you in performing your...
Financial Futures: Accounting Industry Trends in Singapore
Singapore is known for being an international financial hub, being one of the most densely inhabited cities in the world, having an outstanding city airport with a waterfall, and having the UNESCO World Heritage-listed Botanic Garden. In fact, the country’s accounting...
Startup Success: Singapore Tax Planning for New Businesses
Singapore is recognized as a global financial center for investors and business owners. Attracting numerous young talents from around the world and expanding into the Singapore market. However, many firms, particularly new businesses in Singapore, faces penalties and...
Key Reasons To Engage In Corporate Secretarial Services In Singapore
The most straightforward choice is to incorporate your business before hiring a permanent company secretary. However, there are more advantages to outsourcing this job to a company secretarial service, particularly if conducting business in Singapore, which is so...
A Beginner’s Guide: How to Set up a Private Limited Company in Singapore
All businesses in Singapore are required to adhere to the Companies Act and register with the Accounting & Corporate Regulatory Authority (ACRA). Although there are five different business forms to pick from, a Private Limited Company is the most popular...
Key Steps to Establishing a Special Purpose Vehicle (SPV) in Singapore
The Special Purpose Vehicle (SPV), also referred to as a Special Purpose Entity (SPE), is a method of corporate structuring that enables a company to manage risk or segregate it to get funding and accomplish other crucial business goals. Making a distinct legal...
Why Retail Businesses Fail: Accounting Tips to Survive and Thrive
Starting a retail business can be thrilling and fulfilling, but it also comes with many challenges and difficulties. Approximately 50% of small enterprises survive over the first five years, according to the Small Business Administration (SBA). It is a very low...
Essential Documents and Requirements for Company Closure in Singapore
Certain companies may inevitably have to close due to inflation, war, and a variety of other circumstances. In Singapore, you can shut down your business in one of two ways: by striking off employees or by winding up the business. This depends on your company's tax...
GST Services in Singapore: Navigating the complexities
Many business owners have found the Goods and Services Tax (GST) system in Singapore to be an administrative headache. The intricate regulations, time-consuming processes, and the risk of costly mistakes can make managing GST a nerve-wracking task. Even a minor error...