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Delve in detail into industry insights and information and gain valuable perspectives and understanding of the different sectors with our business blogs.
Corporate Secretarial Services in Singapore: Debunking Common Misconceptions
Singapore’s corporate secretarial services market paints a picture of rapid growth and increasing strategic importance. Valued at US$1.85 billion in 2023, this sector is projected to reach US$3.24 billion by
What Are the Important Financial Reporting Guidelines in Singapore?
Singapore’s financial reporting standards set a famously high bar for businesses – and the results speak for themselves. The Lion City ranks 5th out of 180 nations in the 2023
Key Things to Know Before Applying to Be a Singapore Permanent Resident
Singapore is more than just a global hub for business and innovation — it is a vibrant, multicultural city-state offering an unparalleled quality of life. From world-class education and healthcare
Singapore Personal Income Tax Filing: Tips to Stay Compliant
Every year, income tax season in Singapore can feel overwhelming, but staying informed and prepared makes all the difference. Whether you are a salaried employee, self-employed, or earning additional income
Guide to Choosing a Data Protection Officer for Your Company in Singapore
In today’s data-driven world, safeguarding personal information has become a necessity. In Singapore, the Personal Data Protection Act (PDPA) mandates that all organisations appoint a Data Protection Officer (DPO) to
GST Return in Singapore: How to File Successfully
Filing Goods and Services Tax (GST) returns in Singapore is a crucial responsibility for GST-registered businesses. As part of the Inland Revenue Authority of Singapore’s (IRAS) requirements, timely and accurate
Why is Xero Accounting the Preferred Solution for Businesses in Asia?
Digital technology has brought unparalleled innovation to business processes worldwide, and the accounting field is no exception. Adopting a comprehensive cloud-based accounting software like Xero can be a game-changer for
Guide to Using Xero Software in Singapore
Cloud-based accounting solutions have undoubtedly transformed financial management practices globally. Recent studies show businesses using cloud accounting platforms are twice as likely to report revenue growth as those delaying adoption.
Common Mistakes to Avoid When Using Xero in Singapore
At InCorp, we have seen how cloud accounting platforms like Xero can fundamentally transform operations for our small and medium-sized enterprise (SME) clients in Singapore and across Southeast Asia. The
Elevating Your Business With Xero Accounting Integration
Efficient financial management is the backbone of any successful business. However, juggling multiple tools and systems to track finances, manage operations, and ensure compliance can often lead to inefficiencies and
Beyond Borders: Looking at the Singapore Free Trade Agreements
Singapore’s impressive network of 27 Free Trade Agreements (FTAs) is the key to opening its considerable business opportunities across growing and established global markets. With 15 bilateral and 12 regional
Why Do Companies Outsource Audit Services in Singapore?
For many businesses in Singapore, audits are essential to ensure financial transparency, compliance with regulations, and the overall health of an organisation. However, instead of conducting audits internally, more companies
BEPS 2.0: How is Singapore Supporting Companies Through the Tax Reform?
Singapore’s adoption of the Base Erosion and Profit Shifting (BEPS 2.0) framework’s 15% minimum tax rate creates strategic benefits extending beyond revenue collection. Starting January 1, 2025, multinational enterprises (MNEs)
What Do You Need to Know About IRAS Singapore?
The Inland Revenue Authority of Singapore (IRAS) functions as Singapore’s primary tax body, combining tax collection duties with expert government advisory services. IRAS’s policies and procedures directly affect financial outcomes
What is the ACRA Contact Address to Replace Alternate Address?
The Singapore Parliament passed the ACRA (Registry and Regulatory Enhancements) Bill on 2 July 2024. As such, the Accounting and Corporate Regulatory Authority (ACRA) will introduce the Contact Address regime
Why Should You Register for Corppass?
Corporate entities often need to handle various administrative tasks, such as applying for grants or filing taxes. Aligned with Singapore’s Smart Nation vision, the Government Technology Agency (GovTech) simplifies business
What is Company Insurance in Singapore and Should You Get it?
Running a business in Singapore comes with countless opportunities and a fair share of risks. Unexpected events can disrupt operations and cause significant financial strain. This is where company insurance
How Can Xero Support E-invoicing in Singapore?
The Inland Revenue Authority of Singapore (IRAS) and the Infocomm Media Development Authority (IMDA) have introduced a major change to business invoicing requirements. The phased adoption of InvoiceNow for GST-registered
What Are the Benefits of Using Xero Accounting Software?
Cloud-based accounting solutions have swiftly yet unsurprisingly reshaped financial management practices worldwide, with the sector project to expand to US$10.1 billion by 2033, with a 6.6% compound annual growth rate.
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