Government Grants

Startup SG Founder The Startup SG Founder Grant provides funding and guidance for new entrepreneurs with innovative ideas. The grant offers $50,000 in startup capital and requires the startup to also commit $10,000. ​ Productivity Solutions Grant (PSG) The PSG...

Benefits of Outsourced Accounting

Singapore’s Accounting Services are popular among Small and Medium sized Enterprises (SMEs). Sparing some time to maintain the books for their businesses is not always possible. Bookkeeping is much like going to the dentist—no one really wants to take the time...

How to Incorporate in Singapore

STEP 1: Reserving a Company Name To register your company in Singapore, the proposed company name must be approved by Accounting and Corporate Regulatory Authority (ACRA). This process of finding out whether the proposed name is approved or rejected can be done within...

Introduction to Corporate Taxes

I. Background & BasicsAll companies that do business in Singapore are required to pay corporate taxes. A company, for income tax purposes, is defined by the IRAS as: • A business entity incorporated or registered under the Companies Act 1967 or any law in force in...

4 Common Tax Filing Mistakes

1. Understatement or omission of income due to incomplete recording of revenue • Failure to tally all invoices due to poor record keeping• When revenues are generated through alternative channels and not properly reported (e.g., a construction company failing to...