The Business Environment In Singapore: Taxes, Expenses and Valuation
The latest data from World Bank shows that Singapore ranked 18th globally and 2nd in Asia for ease of doing business. Government policies, the social and economic state of a country are what build up the business environment. Reviewing corporate taxes, business expenses, and valuation…
Five accounting tips for small businesses in Singapore
The government of Singapore requires that privately held firms have annual general meetings and submit annual financial reports. If your small business does not have an accounting system or follows accounting rules, you will run at a risk of mistakes in reporting on the…
Essentials of Singapore Tax Returns
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…
5 Mistakes Entrepreneurs In Singapore Must Avoid
Singapore is known as one of the common and easiest places to start a business in the world. Singapore has a well infrastructural development, a friendly tax law, high legal protection for properties. The country also has supportive government assistance in entrepreneurship, all of which…
Important Tax laws all small businesses in Singapore must know
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…
How To Know When To Let Your Accountant Go
The task of keeping financial records is not an easy one. Either it is your business account, or you are managing the firm on behalf of its shareholders. One thing is sure, the bulk of signing the chequebook lies with you as the head. The…
5 STEPS TO TAKE TO START A NEW BUSINESS IN SINGAPORE
Starting a business anywhere in the world cannot be underrated. This is because of the need to grow and possess one or multiple income sources. However, starting a business in Singapore comes with its share of tweaks and turns, and like every other country. Singapore…
Do Startups Need Partnership To Launch
Why do you think startups need partnerships to launch? You were told it is the only way to find your foot on the ground, right? Well, a partnership is great, at least you have some shoulder to lean on when the storms of starting a…
5 Common Tax Deductions for Small Businesses
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…
Why Small Businesses Need Accountant
If the process of running a business entails that you exchange service or product for a fee to profit from it while experiencing exponential growth, then have you asked yourself why you have been in your business this long. You cannot seem to trace your…