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...

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...

Understanding CPF

Having trouble to understand CPF in Singapore and how does it work? Here’s a quick overview of CPF in Singapore. What is CPF (Central Provident Fund) and who needs to pay it? CPF (Central Provident Fund) was established to play one of the crucial functions in...