RESOURCES
How to Prepare Your Taxes in 8 Steps
1.Choose a Preparer Request recommendations from friends and advisors when considering a tax preparer. Verify that the person has a Preparer Tax Identification Number (PTIN), which ensures that they are permitted to prepare federal income tax returns. You can also ask...
Save on Corporate Income Tax in Singapore
Singapore’s corporate tax rate on chargeable income at 17 percent – it is one of the lowest in the world. Understanding your expenses is one of the key factors that your Cloud Accountant will do to help you manage your tax payable. What is a deductible expense?...
How to Set up a Special Purpose Vehicle Entity
Let me introduce you to the process of creating a Special Purpose Vehicle (SPV) that is commonly used in the finance and real estate sectors before SPVs became widely used as we know it today. SPVs are useful in different aspects of your business path, and our article...
Why You Should Register Your Offshore Company in Singapore
An offshore company is a legal entity that is incorporated in a jurisdiction outside of the company’s main operations or the principal investor’s home country. The advantages of setting up an offshore company is getting certain tax, legal and financial privileges for...
Can Employment Pass Holder Set Up a Company In Singapore?
EBOS has been setting up business for foreigners and partnership with both local and overseas directors. Due to the strong demand in foreigner talent in Singapore, many Employment Pass (“EP”) Holders asked if they could register a company in Singapore. The answer is...
Changing Financial Year-End for your Company
If you wish to change your FYE after incorporation but don't know where to start, watch this video to learn more!
Transfer Pricing during COVID-19 in YA2021
Every year, the IRAS assesses income to tax on an entity-by-entity. In paragraph 5.114 of its TP Guidelines (5th edition), the IRAS has set out that taxpayers should test their related party transactions annually against the arm’s length results. An analysis of the...
What Are The Qualifications & Duties of a Company Secretary
Do you know that it is a pre-requirement for all Singapore registered companies to appoint a company secretary? As per the Singapore Company Law, Section 171, each company must appoint a qualified company secretary within the 6 months of its incorporation date. The...
Improving Cash Flow During Tough Times
Managing your Cash flow is the very essence and life blood of a business. It is what is required to buy inventory, pay employees, secure financing, and ultimately keep the engine of the company running. Cash flow is now ever more important especially during tough...
How To Choose The Best Location To Set Up A Business
One of the most important factors in setting up your business is where you choose to incorporate. With globalisation in full swing and companies being set up around the world, your options are more diverse than ever before. There are hundreds of countries to choose...
Why You Should Consider Setting Up A Business
While many people consider setting up a business, very few actually choose to take action. But why is this the case? If so many people want to set up a business, why do so few actually do so? The reality is, many believe it’s too much work. Setting up a business is...
The Future Of Cloud Accounting, 2021
Update your Accounts as easily as you update your Facebook status As of late, cloud innovation has changed our everyday lives. We post our family photo on Instagram, we take care of our bills through web-based banking and we use our phones to browse our email...