What is Singapore’s Accountancy Industry Digital Plan (IDP)?
Digitalization plays several crucial roles in the accounting industry. It improves the speed and accuracy of various accounting tasks, including complex and repetitive tasks. Digitalization now allows people in the accounting industry to work from any part of the world and share accounting records electronically. The Singapore government is aware of how vital digitalization is […]
How to Incorporate an Offshore Company in Singapore
Singapore has made a strong position for itself in the global race in terms of business. The country has consistently grown and flourished since its independence in 1965. Not only is it a business hub for leading global companies but it also flaunts one of the most important ports in the world. Thanks to these […]
Top 10 Payroll Software in Singapore
Running a business is a big deal and involves numerous tasks, from managing staff, checking production, and marketing to the supply chain. If you are an employer in a company, you are legally obligated to pay your employees on time. Payroll errors can be costly, both in terms of time and money. Fortunately, there are […]
How is the Business and IPC Partnership Scheme (BIPS) Beneficial in Saving Tax?
When one incorporates a company, it’s obvious it’s to earn money. But when the focus on making profits reaches a point that they forget to deal with their own social and environmental impacts, it becomes a problem. Studies have shown that companies that engage in CSR activities succeed better than the companies that solely concentrate […]
How to Buy an Existing Business in Singapore?
Compared in an international perspective, Singapore is recognized as a global business hub and has been pulling individuals, investors, and companies in for several years now. Not only are multinational companies setting up shop in Singapore, but hundreds of thousands of local small and medium enterprises are joining in to enjoy the excellent infrastructure, the […]
Digitalization in Accounting – The Need of the Hour
Accounting has evolved significantly in recent years. Conceivably, the most significant of these is the introduction of digital accounting. Consumers today are unquestionably tech-savvy. They want to access their accounts with a click of a button at any time and from any location. They also want real-time reporting, personalized processing, and quick customer service. And, […]
How to Choose a Company Secretary in Singapore?
How to Choose a Company Secretary in Singapore? All companies in Singapore must appoint a company secretary within six months of the company incorporation. Also, the position of a company secretary cannot be left vacant for more than six months. This clearly shows how pivotal a role of a company secretary is for a company […]
The Role of a Company Secretary in Singapore
A company secretary or corporate secretary is an officer of a company with the main responsibility to look after the administration work of the organization efficiently. They need to ensure the company’s documentation, filing, and compliance needs are met. They also serve as a mediator between directors and shareholders. Every company in Singapore must appoint […]
A Foreigner’s Guide on Singapore’s Income Tax
Singapore is home to a lot of foreigners, and for good reasons. But being new to a country could be daunting at first, especially when you are still getting yourself familiar with the rules and regulations. You can easily miss out on a lot of important deadlines, like filing your tax returns, if you are […]
How to monitor your company’s financial health during COVID-19
Its been over a year since the world has been dealing with one of the most devastating crises – the Covid-19 pandemic. Almost all countries had to impose a lockdown to curb the spread of this deadly virus. With most of the major economies closing their borders, businesses all over the world took a hit. […]
