RESOURCES
Financial Challenges for Small Businesses and How to Overcome Them
There are numerous obstacles that we encounter to run a successful business. According to the U.S. Chamber of Commerce, 70% of infant companies are operating at the end of the second year, and just half of them hit the five-year mark. This statistic demonstrates that...
Rise of Cloud Accounting Software and Accounting Services During The Pandemic
While productivity and business operations had been temporarily halted by the pandemic, innovation waited for no one, and pretty soon innovative practices were utilized to once again jumpstart business and production operations. Before the pandemic, there had been a...
The Function of ACRA and XBRL Filing of Financial Statements in Singapore’s Economy
Every businessman or prospective business man should already be familiar with the requirements of XBRL filing and ACRA filing in singapore. Singapore is widely celebrated for its business environment and has a reputation for being a tax haven. Furthermore, Singapore...
The Advantages and Disadvantages of Starting a Business in Singapore
Singapore is one of the most attractive places for setting up a business for both foreigners and locals alike. This small island nation of immigrants has had some of the most brilliant economic development over the decades and has been praised by international forums...
Cloud Accounting Software, Their Prevalence and Their Advantages in Business
Due to the pandemic, most businesses had been forced to experiment with alternate ways to work remotely or cut down on non-essential in-house functions.
GST and XBRL Filing and the Rise of Their Outsourcing in Singapore
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...
Taxation: Selling your shares and bonds?
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...
Do I pay tax when I sell my fixed asset, property?
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...
Adaptations in Accounting During the Pandemic and Their Benefits
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...
EBOS guide: Incorporation to Employment Pass Application
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...
Seamless Filing with DashBod
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...
5 Reasons Why Start-up Businesses Fail
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 through the...