The Importance of Bookkeeping Knowing your cash flow as an SME in Singapore is the single most important aspect of running a successful business. annual compilation services will aid you to keep your business running efficiently and keeps you updated on how much cash is coming in and out of your company. The monthly financial statements…
Read more
The business world has gone beyond what it is used to be; it is no more the usually “have money and trade by buying” again. It has completely sailed beyond the world of the deprecated “buying and selling” or “trade by batter” practice. The business community conveys the pace of technological advancement. Therefore, anyone who…
Read more
Role of an Outsourced Accounting Vendor Outsourced accounting vendors provide services ranging from bookkeeping, accounting, payroll processing, company tax, personal tax services and consultation services. Many SME outsource bookkeeping to professional accounting firm to save cost and time, and burden to keep up-to-date with regulatory changes. Certain businesses are reluctant to hire external accounting service providers as they…
Read more
Be a financially responsible business in the global economy It is one thing to take to large sums of money or average amounts, but not knowing where this money comes from can sometimes land your business into trouble. It is important that your accountants or outsourced annual compilation services team monitor, check and maintain the true identities on…
Read more
Singapore is one of the world’s fastest-growing economies; it has earned itself many accolades ranging from the cleanest city in the world to being the city with the most millionaires. What made the economy continuously flourish amidst the economic meltdown? The silent factor all these successful companies have in common is their great eye for…
Read more
There are many reasons to set up a foreign business in Singapore. You’ll feel like golden doors are open to making life easy for your corporation or business coming from anywhere in the world. Highly rated among many individuals and businesses, Singapore is an all-around business-friendly city. Modern high-rises and plenty of opportunities, Singapore is a…
Read more
Small and medium enterprises (SMEs) are the modern equivalent of industries during the colonial period in Europe, leading the world in innovation, products, marketing strategies and prices. The world, however, isn’t especially kind to newly started SMEs, with bigwigs in each industry putting their best efforts in stopping new competitors in their tracks. We offer…
Read more
Singapore is one of the world’s fastest-growing economies. It has earned itself many accolades ranging from the cleanest city in the world to being the city with the most millionaires. What made its economy continuously flourish amidst the economic meltdown? The silent factor all these successful companies have in common is their great eye for…
Read more
In Singapore, running a company involves a lot of overheads. Besides the core activity of the enterprise, there are many essential activities which take a lot of time and expertise. The business owners still have to invest in these activities, thus losing focus and energy for the primary business. As a company grows in size,…
Read more
A business person typically starts the accounting aspect of his business by adding up all the sales, adding up all the receipts for expenses and counting the cash. His chart of accounts would be limited to sales, costs, and cash. All the entries would be in the debit column, except for amounts owed to him,…
Read more
Context of Evolutionary Work Dynamics Thanks to the tech-savvy world that we live in today, human interaction in the social and corporate spheres of life has changed considerably. As a result of the alarming rate at which technology is advancing, the dynamics of work are in a phase of continuous evolution. The conventional, often isolated, top-down…
Read more
Let’s be completely honest. When you hunt for the cheapest accounting in Singapore, you usually end up paying double later on. Missed deadlines, chaotic XBRL formatting errors, and sudden IRAS audit notices will completely derail your business momentum. An unverified freelance data-clerk might save you a few hundred dollars this month. However, a single ACRA…
Read more
According to the Singapore Companies Act (Chapter 50), all Private Limited Company should have at least one shareholder. The shareholder can be an individual or a corporation. A shareholder needs to be a Singapore citizen, permanent resident (PR), employment pass (EP) holder or dependent pass (DP) holder. Once the company is incorporated, to secure the corporate…
Read more
De-registration of Singapore company off the ACRA Register can be done following a few procedures. The company should submit its final tax returns to Inland Revenue Authority of Singapore (IRAS) before it strikes off via ACRA. If a company is no longer doing business or pursuing its chosen venture, the company should opt to strike…
Read more
Our in-house Payroll Team assists companies to deliver reliable, timely and accurate payroll service for management review. As such, the management is free from the hassle of dealing with routine payroll matters and giving you a full focus in running and expanding your business. Our in-house team is trained in meeting all Payroll and Human Resources related administrative matters for…
Read more
One of the greatest options that Small and Medium Enterprises can do is to outsource their accounting services. With many good reasons as to why a company should outsource their accounting services, the reasons of scalability and flexibility would shine brightest among the others in terms of the long-term effects it could give the company.…
Read more
