RESOURCES
Adapting to Change: KYC in 2023
The world becomes more digital every year, and 2023 will be no different. Customers want an increasingly simpler and quicker onboarding procedure, and regulatory bodies will keep enforcing new laws. Criminals will create new strategies for misusing platforms at the...
The Threat of Money Laundering in the Legal Sector and How AML Checks Help
Traditionally, legal services have been one of the most commonly exploited by criminals seeking to obfuscate the source of ill-gotten gains. The Financial Action Task Force, an inter-governmental organisation set up to combat money laundering, have described lawyers...
XBRL Filing in Singapore for 2023
Companies must comply with financial report filing regulations and submit their financial statements in XBRL format starting in 2014. The types of companies, their sizes, and their lines of operation all have different filing requirements for XBRL. In this article, we...
Scaling Business To The Next Level With Outsource Accounting
Accounting is one of the most labour-intensive activities in a corporation because money needs to be managed efficiently all year. A dependable group of accountants and bookkeepers is required to maintain a brand and its general workflow when there are mountains of...
Brief Overview of IRAS Audits
Audits include checking the accuracy of the data in the GST return of your company. The audits are carried out using a risk-based methodology. It offers a set of financial statements credibility and assures shareholders that the accounts are truthful and fair. In this...
Employment Pass – Complementarity Assessment Framework (COMPASS) in Singapore
Singapore revealed a new system to evaluate Employment Pass applications called COMPASS. This article is an in-depth guide on how to manage these new standards. Introduction The Singapore Employment Pass (EP) complementarity assessment framework (COMPASS) has been...
Income Tax Filing 2023: A Step-by-Step Guide for Making It Through Tax Season
Singapore has one of the lowest personal income tax rates in the world. An individual's Singapore income tax due must be calculated by determining their tax residency and chargeable income amount and applying the progressive resident tax rate to those amounts. ...
ACRA – Singapore Company Registrar
Whether you already run a business or intend to organize your first corporation, you need to be aware that businesses everywhere are subject to restrictions. Every nation has a body in charge of establishing, managing, and keeping an eye on the operations of its...
Golden Rules of Accounting
Every procedure is regulated by a set of generally applicable guidelines that are adhered to by everyone. In order to add uniformity to the presentation and overall structure of the notion, these rules refer to the process of basic functions. Similarly, in accounting,...
Challenges and opportunities faced by Singapore’s startup entrepreneurs
Startups, especially those that are just getting started, may find it prohibitively expensive to pay for office space, salaries, and other costs. Because of this, it may be challenging for them to compete with bigger, more established businesses and to recruit and...
Tips to Improve Your Employment Pass Application Success
A work visa called an Employment Pass (EP) is intended for international managers, company directors, and professionals with particular talents who wish to live and work in Singapore. Application for an Employment Permit in Singapore can be challenging and stressful...
Company Registration in Singapore – Guide for 2023
This article provide a summary of Singapore company registration. The necessity of following the law, the process of registering a business, and the distinctions between local and international business owners are the main points of emphasis. What Are the...