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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.
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….
How to Convert a Private Limited Company to a Public Limited Company in Singapore
Singapore’s business appeal continues to grow, with the city-state adding a net 64,000 new companies in 2022 alone, according to the latest statistics. As the world’s freest economy, Singapore is…
Tips to Know Before Starting Your Corporate Tax Filing in Singapore
In 2024, 262,000 companies are expected to file corporate income tax (CIT) returns by the 30 November deadline. According to the Inland Revenue Authority of Singapore (IRAS), more than 4,700…
Singapore Work Pass Application: Tips for Success
Securing a Singapore work pass application has become increasingly competitive as the city-state solidifies its position as a global talent hub. The numbers reflect this growing appeal – Singapore recently…
How to Write a Cheque in Singapore: A Complete Guide
Business operations run more smoothly when technical issues, such as cheque defaults, are minimised in critical transactions. Though writing a cheque may seem straightforward, ensuring it is done correctly is…
Understanding the Accounting Period in Singapore: A Comprehensive Guide
One of the most crucial aspects of operating a business in Singapore is ensuring compliance with the country’s laws and regulations. The accounting period, also known as the fiscal year,…
Understanding Unaudited Financial Reports in Singapore
In Singapore, companies that qualify for audit exemptions can benefit from unaudited financial reports to navigate the corporate landscape efficiently. This is especially crucial for small and medium enterprises, as…
Key Things to Know About Audit Preparation and Planning in Singapore
An annual audit is essential for any business in Singapore to ensure proper financial procedures. Financial statements that are accurately audited will enjoy positive ratings from the Accounting and Corporate…
What Must Businesses in Singapore Know About ACRA Filing Requirements?
Singapore’s business-friendly environment has attracted entrepreneurs globally for over five decades. A key factor in this success is the Accounting and Corporate Regulatory Authority (ACRA), which oversees annual filing requirements…
What to Do After Registering a Company in Singapore
Setting up a business in Singapore can be a simple feat, but managing matters related to its growth can be tricky and time-consuming. What happens after your business starts to…
Is Singapore a Tax Haven? Unveiling the Truth Behind Its Tax System and Financial Hub Status
The ‘Singapore tax haven’ label has sparked debate among policymakers, investors, and financial experts. Is Singapore a tax haven or a low-tax jurisdiction that encourages economic activity through strategic tax…
Company Incorporation Prerequisites: All About Singapore KYC Requirements
Singapore’s global reputation as a corporate haven is matched only by its renown for personal and business safety. This exceptional security stems from rigorous compliance measures that permeate every aspect…
Tax Evasion in Singapore: An In‑Depth Guide
When it comes to tax evasion, Singapore has very strict laws and regulations, making it a serious criminal offence with stringent penalties for the offenders. While most Singapore taxpayers readily…
Top Tips to Choose Your Singapore Company Name
You must choose a suitable company name before starting your business in Singapore. It can be a significant decision because it can also affect how others perceive your brand over…
How to Convert Sole Proprietorship to a Private Limited Company
As Singapore continues to thrive, global investors are increasingly making Singapore a launching pad for new ideas and innovations. In 2022 alone, the city-state experienced a net increase of 64,000…
Understanding the Tax Identification Number (TIN) in Singapore
Every company in Singapore should know about the Tax Identification Number (TIN), a crucial part of the country’s tax system. This is especially true for those businesses struggling to sort…
Understanding Corporate Tax Penalties in Singapore
Navigating corporate tax compliance in Singapore is essential for any business operating in the city-state. While its tax system is well-regarded for its simplicity and competitiveness, failing to meet corporate…
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