The Singaporean tax system is one of the most convenient globally, chiefly because of its low tax rates and the opportunity for deductions under specific conditions. In this piece, I’ll probe some specifics about Singaporean taxation from two aspects, the taxing for the individual and…

Over the years, Singapore has become a top spot destination for startup businesses and enterprises. According to the World Bank’s published findings, the country is one of the best places to run and grow your business. From the great political structure to an effective policy…

If you are a small business owner, finding out some standard tax deductions is certainly one of the best things that could happen to your business. As a startup, what you dread is incurring avoidable expenses. So if you are unsure of what tax deductions…

The IRS is the Internal Revenue Service of the United States federal government. This governmental agency is a bureau of the Department of the Treasury. It is headed by the appointed five-year term Commissioner of Internal Revenue. According to the Tax Policy Centre, “The Internal…

As a young or fresh startup, your major concern would be things like finding the right investors or hiring the best team and you would be less concerned with preparing for tax seasons. It doesn’t matter if it’s a small establishment or a big enterprise,…

Every business owner will agree that the sole purpose of starting any good business is to make a profit. But what happens when this business turns into a burden and incurs losses instead? This could happen if a business owner heads into a business without…

There are two unquestionable certainties in this world, which are death and taxes. Benjamin Franklin rightly puts it that “…. but in this world, nothing can be certain except death and taxes.” Taxes are monetary tools levied on individuals and organizations. These levies aid the…

E-commerce is a strong force to reckon with in 2020. Buying and selling has become seamless but can be quite complex for entrepreneurs because of the ever-changing online sales tax laws. It has been common among e-commerce business owners to feel overwhelmed due to complicated…

For entrepreneurs in all sectors, the end of the year attracts a few must-do tasks in which taxation is included. Your plan for the next business year should be drafted as well as the closure of your books. Most importantly, this period is when most…

We’d agree that filling your tax returns could sometimes take a day or two off your busy weekly schedule. Of course, it makes sense that you make the most of this day or days to avoid rescheduling. Yes, the e-filling process requires submitting several documents…