RESOURCES
The Function of Technology in Outsourced Accounting Services
Accounting as we know it now originated in ancient civilizations. Since then, we have evolved from counting bones to writing on clay tablets to analyzing financial statements. Over the last few decades, traditional accounting methods have heavily depended on manual...
ACRA Updates: What Businesses Should Know in 2024
ACRA is Singapore's national regulator of corporate entities and public accountants. Its responsibilities include managing the registration, compliance, and regulation of corporations, partnerships, sole proprietorships, and limited liability partnerships (LLPs)....
Accounting Mobility: How Outsource Accounting in Singapore Benefits SMEs
Singapore is a bustling hub for small and medium-sized organizations (SMEs). However, accounting can be a time-consuming and laborious chore for businesses of all sizes, especially when faced with hiring limits and complex rules. As a result, many small and...
A Business Owner’s Guide to the ACRA in Singapore
Singapore, noted for its strong economy, strategic location, and business-friendly environment, has emerged as a favorite destination for international businesses. Furthermore, the country's fast-paced corporate environment, the Accounting and Corporate Regulatory...
Kickstart Your Startup: The Advantages of Outsource Accounting in Singapore
Singapore is a dynamic and thriving corporate hub that has seen remarkable economic progress in recent years. This has resulted in increased demand for professional accounting services to assist businesses in complying with local requirements and improving their...
The Essential Guide to Incorporation: A Step-by-Step Walkthrough
Incorporation process is a critical step toward establishing a lawful and profitable enterprise. It offers several advantages, such as reduced liability and increased trustworthiness. However, the incorporation procedure might be intimidating, particularly if you are...
Focus on Growth: Why Outsourcing Your Accounting Allows You to Scale
If you are the owner or manager of a thriving firm, you must be wearing several hats, including sales, marketing, operations, and, yes, the often-dreaded accounting duties. While a DIY approach is necessary in the early stages of business growth, there comes a time...
What you Need to Know Before Starting your New F&B Business
Building a business isn't simple, whether you're a new entrepreneur or an experienced CEO looking to enter the Food & Beverage (F&B) industry. From the time and planning necessary to the resources required, it may be a long road to establishing a successful...
Import Goods into Singapore: Activate of Custom Accounts
If you are beginning an import/export business in Singapore, you need to take a few steps before starting the company registration process. In addition, ensure your business is already registered with the Accounting and Corporate Regulatory Authority of Singapore...
Outsourcing vs. In-House: Making the Case for Effective Accounting Practices
As a small business owner, you have a lot on your plate, including ensuring that you're devoting enough time and attention to the necessary tasks while avoiding distractions. But one critical decision to make is whether to outsource your accounting requirements. But...
Staying on Track: ACRA Filing Deadlines and Best Practices
Filing with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore is essential; all registered firms in Singapore must fulfill this legal obligation. Failure to comply with filing requirements may lead to penalties, fines, or legal action. Moreover,...
GST Rate Changes: Keeping Up with Tax Regulations
Navigating the ever-changing world of Goods and Services Tax (GST) rates is critical for businesses to remain compliant and financially stable. With tax legislation constantly changing, remaining current and adapting to rate changes is critical. The rate change will...