Singapore: The Premier Business Hub of Southeast Asia
In the heart of Southeast Asia lies a city-state that has consistently ranked among the top business destinations globally: Singapore. Boasting a strategic location, a robust infrastructure, a conducive regulatory environment, and a diverse talent pool, Singapore stands out as a beacon for businesses seeking growth and expansion opportunities in the region. Let’s delve into […]
Navigating Singapore’s Compliance Landscape
Operating a business in Singapore offers unparalleled opportunities for growth and success, but it also comes with the responsibility of adhering to a myriad of regulatory requirements set forth by the government. From corporate governance to tax compliance, navigating Singapore’s complex regulatory landscape can be daunting for businesses of all sizes. In this blog post, […]
The Benefits and Importance of Timely Corporation Tax Filing
Corporation tax is a direct tax imposed on the net income or profit of corporations and other businesses. It is a fundamental aspect of a business’s financial landscape, representing a significant part of its fiscal responsibilities. In many jurisdictions, including Singapore, corporation tax is a critical component of the national tax system, reflecting a business’s […]
Top 8 FAQs In Incorporating a Company in Singapore, Answered
Singapore’s bustling economy and business-friendly climate make it an attractive destination for entrepreneurs worldwide. With a stable political environment, strategic location for trade, and a reputation for ease of doing business, understanding how to navigate the process of company incorporation is crucial for anyone looking to establish a foothold in this thriving marketplace. Straight to […]
8 Ways Corporate Secretarial Services Contribute To Success
Understanding the multifaceted contributions of corporate secretarial services to business success is crucial for organisations aiming to solidify their standing in the competitive market. From ensuring compliance with local and international regulations to providing unwavering support to the board of directors, corporate secretarial services are fundamental to the smooth operation of any business. In this blog, we […]
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 supports local SMEs looking to improve their productivity, including IT solutions, equipment, and consultancy solutions. […]
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 out to do it but neglecting the issue can lead to serious repercussions. For […]
Understanding CPF
Having trouble to understand CPF in Singapore and how does it work? Here’s a quick overview of CPF in Singapore. >>> Highlight of Singapore Budget 2023 for CPF <<<The CPF monthly salary ceiling will be raised in stages from S$6,000 to S$8,000 by 2026.✔From September 2023, the CPF monthly salary ceiling will be elevated by […]
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 a day. ACRA will reject the proposed company name if it is […]
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 report revenue made from selling scrap materials) 2. Incorrect claims of capital allowances on non-qualifying […]
