Solidarity Budget: Additional SGD 5.1 billion to support Singaporeans & Businesses On 6 April 2020, DPM Finance Minister Heng Swee Keat announced another support package, known as the Solidarity Budget. The Solidarity Budget enhances the support packages previously introduced under Budget 2020. The earlier supplementary, Resilience Budget, addresses the rapidly evolving pandemic and its impact on the economy…
Read more
S$48 billion Resilience Budget to support Singaporeans & Businesses On 26 March 2020, three weeks after the Minister for Finance, Mr Heng Swee Keat has delivered his Budget 2020 speech, he announced the Resilience Budget. This supplementary budget outlines a robust financial plan to address the challenges presented by the COVID-19 downturn. Key points under…
Read more
Investing in Cloud Accounting Software is Beneficial To Your Business To stay competitive in the digital era, businesses are searching for ways to ensure success in these aspects such as management, marketing, finances, and more. Investing in innovative and effective tools like cloud accounting software is a brilliant business move. Accounting software works by automating…
Read more
Entrepreneur’s Guide to Mastering Small Business Finance Large companies are operating with huge capital. Small businesses in Singapore, yet, thrive with a limited amount of funds. Proper management of finances at times of economic downturn is vital to surviving. Business finance mastery allows small businesses in the allocation and use of funds. This also leads to…
Read more
Singapore FY2020 Budget Statement Summary Did you know that Singapore focuses its FY2020 Budget to help families in the country? The Singapore Government plan to uplift the economy affected by the continuous COVID-19 outbreak. These are the summary and key highlights you should know and understand. 1. $800 Million to Support the Coronavirus Outbreak…
Read more
Ultimate Guide to Registering Your Company in Singapore Singapore has a stable political and economic standing. These are the primary reasons why a considerable number of Singaporeans and foreigners prefer to set up their businesses in Singapore. These entrepreneurs benefit from the multi-pronged stability of Singapore to start a venture and enjoy its pro-business setting.…
Read more
What taxes should an Australian entrepreneur consider when setting up a company in Singapore? Singapore transparent tax system is among the reasons why Australian entrepreneurs choose Singapore to grow their venture or start a business. Apart from easy access to capital, Singapore offers comprehensive trade agreements and incredible tax frameworks. So, if you are planning…
Read more
Medical Practice’s Compliance Needs in Singapore Accounting plays a role in any company and organization, and form a vital part in a systematic as well as faultless operations. For hospitals, medical clinic, as well as healthcare organizations, financial accountants perform with the utmost care due to the many rules and regulations. The healthcare industry is…
Read more
Owning and running your own restaurant business in Singapore is certainly a very profitable and beneficial pursuit. Restaurant ownership can pave the way for lucrative earnings, which is actually more than what you can earn if you pursue other types of business. However, as a restaurant owner, things can also become challenging since you have…
Read more
In today’s advent of technology, you can communicate whenever you are, and build small business wherever you wanted. You might be using social media accounts and Google sheets, but have you tried to use annual compilation services that calculates tax, bills, payrolls, expenses, and revenues? Accounting Software Shouldn’t Be A Chore to Use Amazingly,…
Read more
Are you contemplating to move from a desktop payroll system to a cloud-based payroll system? You’re definitely not alone in Singapore. For the past years, many small and medium enterprises in Singapore are switching from on-premise HR software applications to cloud HR Software-as-a-Service (SaaS) solutions. More than 50% of Singapore organizations have used at least…
Read more
You may be aware that Singapore is among those few countries without minimum wage set though this has been frequently a subject for debate by some leaders. The standard is 8 hours a day and a total of 40 hours per week. Managing your payroll can be a stressful responsibility, especially your business expand. Typically,…
Read more
Dear Clients, This is to remind you that Singapore companies are required to lodge statutory filings as required by the Singapore Companies Act with ACRA. Singapore companies are due to hold its Annual General Meeting (AGM) within six (6) months from the preceding financial year and to file AR (within one month after the date of…
Read more
On 18 February 2019, the FY2019 Budget Statement was delivered by Singapore’s Minister of Finance, Mr Heng Swee Keat. This year, several initiatives for businesses in Singapore will be rolled put by the Government. Presented below is an overview of the basic initiatives and what it means for your business and you. For the ensured competitiveness…
Read more
Registering your company in Singapore is not enough to start doing business in it. There is a long process that needs to be done before a company is ready to start doing business in Singapore such as applying for work passes, hiring, looking for a place to set up your office and tasks related to…
Read more
Overview of Singapore Tax Structure for Individuals In Singapore, collected taxes are used to develop the country into a robust, stable and dynamic economy. Inland Revenue Authority of Singapore (IRAS) regulates the tax framework and administration in Singapore. Income tax is levied on income earned by Singapore tax resident individuals. All Singapore tax resident individuals must comply with…
Read more
