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Individual Tax Obligations – Who should Pay Tax

Income Tax Obligations Individuals receiving, deriving or earning income in Singapore is required to pay income tax annually unless exempted under the Singapore Income Tax Act.   1. Employed Individuals Individuals working and receiving payment (may refer to benefits-in-kind or cash) in any form of employment or service rendered is required to pay income tax in […]

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Guidance to Directors in carrying out Financial Reporting Duties

Quality financial records are important for our markets. Many stakeholders ask for financial statements to understand the business and its underlying transactions.   The directors of the company are responsible for ensuring sound annual financial reporting to comply with Singapore Company Act Cap 50 and Singapore Financial Reporting Standards (SFRS).   Below are some guidelines to […]

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Five Reasons Why Companies Outsource Their Payroll

There are many businesses that manage tax, payroll, accounting, human resources and all other finance related functions in in-house. Staffing these services can become very complicated and not mention, expensive. Quite often businesses keep these functions in-house without realising how intricate these tasks are becoming over time. Some of the most frequently outsourced business functions are […]

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How Accountants Help in Regulating Money Laundering and Terrorists Financing Activities?

SME in Singapore – Regulating Money Laundering and Terrorists Financing Activities Being a financially responsible business is essential in becoming or staying a significant player in the global economy.   It is one thing to take to vast sums of money and even medium amounts, but not knowing where this money is coming from can sometimes […]

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Differences between outsourcing payroll services and internal payroll

Payroll is one of the most intricate areas in the world of business.   From medium size business to the very large corporations, outsourcing payroll is now becoming common practice in Singapore. Outsourcing payroll usually makes sense strategically due to the complexity and dynamic constitution of payroll requirements.   Since payroll is often imbued with […]

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Outsourcing accounting function saves overhead cost and free up valuable time

Outsourcing accounting function is one trending topic in the business sector of prosperous countries like Singapore. A substantial part of the company’s total functions is handed to the outsourced accounting services for some benefits.   Though they are considered as back-office services, they still induce impact to the company as a whole when they are done […]

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Singapore Accounting Back Office Specialists Work Closely with Business Owners

Keep in mind, Accounting Solutions Singapore when it comes to all your Singapore business needs.   From registration to all the important tasks that help a business thrive. Our Singapore Accounting Back Office Specialists cover accounting, payroll, taxation, and company secretary services.   These services are all critical areas of business that we can help your […]

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Top 5 reasons why companies should outsource payroll

Businesses in Singapore similar to yours might decide to take care of their own payroll functions in-house as it appears to be more economical to do so initially. Often this is the case for smaller companies as they tend to have a minimal workforce and therefore, less complexity in their payroll activities. They eventually discover […]

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Dealing with Cash Crunch & Managing Cash Flows

When in business, it is of vital importance to have an eye on how your money is going out to something.   Let’s have a look at how the concept works. While starting a new business, like a company, small or new, the whole concept of its working does overwhelm a person from time to […]

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Bookkeeping services help SME better manage Cash Flows

The Importance of Bookkeeping for SME in Singapore Knowing your cash flow as an SME in Singapore is the single most important aspect of running a successful business. Accounting services will aid you to keep you business running efficiently and keeps you updated on how much cash is coming in and out of your company.   The […]

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