Why Entrepreneurs should Prioritize Cash Flow over Profit?
Some e-commerce business owners believe that profit is more important than cash flow. In case you have the same belief, it is time for you to change your mind as we are about to enlighten you on the importance of cash flow. Imagine this scenario. If a businessman sells most of his goods and gains […]
Statistics on E-Commerce Landscape in Singapore (Updated 2021)
Singapore is one of the biggest e-commerce markets in Southeast Asia despite being a small island nation. To date, the worth of the Singapore business-to-consumer (B2C) e-commerce market is $4.9 billion. It is expected to increase at a compound annual rate of 8.35% in 2021. On average, a shopper spent $1,456 online every year. The […]
Top 7 E-Commerce Platforms to Start Selling On
You don’t have to spend a lot of time or money, or even have enough knowledge, to start selling online. More often than not, the best option to start is to sign up with an established e-commerce platform. You can then start to grow your business through the platform’s existing infrastructure, before that remember to […]
All You Need to Know about Tax Regulations for E-Commerce Businesses in Singapore
One of the biggest advantages of starting a business in Singapore is that Singapore has a great liberal tax system in place. However, it can be quite a challenge for new business owners. You need to understand how the Singapore tax regulation works. The Singapore Tax System The Singapore tax system involves taxed companies and […]
How to Set Up an E-Commerce Company in Singapore
According to a report from Google, Temasek, and Bain, it is expected that the digital market in Southeast Asia will exceed US$200 billion by the year 2025. Singapore generates at least one-third of the total online retail sales in the region. With this in mind, if you are planning on setting up your own e-commerce […]
How to Choose a Financial Year End Date for Your Company in Singapore
Choosing a Financial Year End date for your company is one of the most important things that you need to do after your company has been successfully incorporated. This date will serve as the date in which your corporate fillings and taxes are due. What is the meaning of Financial Year End in Singapore? Whether […]
Hawkers Go Digital: Hawkers can get $1,500 by Adopting a Unified SGQR for Cashless Payment
The Singapore government continues to encourage Singapore businesses to utilise more digital solutions and see crises as an opportunity to remodel their business. The Hawkers Go Digital is part of the programme that the government use to encourage Singapore businesses to adopt digital solutions. DPM Heng Swee Keat introduced the Hawkers Go Digital programme during […]
Corporate Income Tax 2021: COVID-19 Support Offers Longer Instalment Plans
If COVID-19 has affected the business you set up, you might find it hard to pay tax. At this particular period, many businesses are finding it hard to pay their taxes due to how the pandemic affected the economy negatively. If you are part of those struggling to pay their taxes, we are glad to […]
10 Things Business Owners Need to Know About Singapore Budget 2021
Heng Swee Keat, Singapore’s Deputy Prime Minister, has stated that the key message for the Singapore Budget 2021 is to: provide relief in the immediate term; invest growth strategically and push forward with the economic transformation of Singapore in the medium term; and position Singapore for the long term. In 2021, the Singapore Budget is […]
How to Issue Share Certificates for Singapore Companies
Issuing share certificates is an important step during company incorporation. As your company grows larger and becomes more successful, you may even consider selling a portion of your company shares to raise capital funds for your company. To help you gain a better understanding of what shares are all about, this article will explain what […]
