RESOURCES
The Advantages of Cloud Accounting for Small Businesses
As a small business owner, managing accounting and procurement can be difficult, especially with limited resources. However, cloud accounting has made such tasks easier than ever before. Cloud accounting has grown in popularity in recent years due to the numerous...
Future of Auditing in Singapore: Technology and Innovation
Singapore, officially known as the Republic of Singapore, is a city-state and island nation in maritime Southeast Asia. The country consistently ranks well in global ease of doing business ratings, thanks to its simplified administrative procedures, decreased...
Cash Flow Chronicles: A Quick Guide in Managing Your Business Finances Effectively
Effective financial management is essential for business survival and growth. It comprises planning, arranging, controlling, and monitoring your financial resources to achieve your business objectives. Proper money management will help your organization maximize its...
Beyond Compliance: The Role of Ethics in Effective Tax Planning for Singaporean Businesses
Singapore's economy ranks among the wealthiest and most developed worldwide, boasting low unemployment rates, a high GDP per capita, and significant growth. Also, Singapore's tax system is lauded for its simplicity, competitiveness, and business-friendly regulations....
In the Clouds: How to Protect Financial Data in Cloud-Based Accounting Systems
In today's digital age, organizations are increasingly using cloud accounting systems to expedite financial procedures and improve accessibility. While cloud accounting offers various benefits, such as real-time data access and increased collaboration, financial data...
Singapore GST Hike 2024: Preparing Your Business Through Proactive Financial Planning
The new 9% goods and services tax (GST) rate is expected to go into effect on January 1, 2024. According to an article released by the Inland Money Authority of Singapore (IRAS), the Singapore government intends to cover greater healthcare expenditure and provide...
Singapore Withholding Tax: A Comprehensive Guide for Employers
Singapore is an island country and city-state in Southeast Asia's maritime region. The country has emerged as a top choice for global entrepreneurs due to its powerful economy, strategic location, and business-friendly climate. Hence, Singapore has drawn many...
Singapore Tax 2024: What to Expect for GST Increase
The Minister of Finance declared in the 2022 Budget that the GST rate will undergo a two-stage increase, moving from 7% to 8% on January 1, 2023, and further to 9% on January 1, 2024. He stated the cash generated from the GST increase will fulfill our medium-term...
Calculating Success: The Function of KPIs in Strategic Financial Planning
Key Performance Indicators (KPIs) are quantitative measurements used to assess an organization's, department's, project's, or individual's success or performance in accomplishing defined goals and objectives. KPIs are significant in financial planning for a...
Integrating ESG into Financial Reporting: Sustainable Accounting Practices for 2024
Businesses' social and environmental implications are becoming more widely recognized. Investors are looking for companies that can demonstrate corporate sustainability. Consumer behavior is influenced by social awareness and justice. All of these issues have prompted...
Finance Future Ready: Accounting Best Budget Practices in 2024 for Financial Stability
The business budgeting season is nearing its end. Will your budget for the coming year be a strong financial blueprint that will assist your firm in properly allocating resources and prioritizing objectives? With the business landscape likely to be impacted by...
A Quick Guide in Building Business Relationships in Singapore
Singapore is a city-state on the southern point of the Malay Peninsula and a tropical Southeast Asian Island that is known as a business district, attracting the world's largest corporations, like Facebook and Google, to build their Asia-Pacific headquarters....