by devsupport | Jul 22, 2021 | Accounting, Compliance, Grant & Money, Income Tax
GST and XBRL, measures which were implemented to optimize the economy and the financial reporting environment in Singapore, have both given rise to outsourcing in the form of GST services and outsourcing of XBRL filing in Singapore. GST (General Sales Tax) is an... 
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 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 | 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... 
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