Costs Involved in Hiring a Company Secretary in Singapore
When starting your business, one of the most crucial decisions to make is selecting a suitable individual as your company secretary in Singapore. There are two ways to go through [...]
Quick Singapore Nominee Director Guide
Foreign entrepreneurs and business owners who do not have connections with any Singaporean, permanent resident, or Entrepass holder typically use a nominee director service provided by firms such as CorpXervices. [...]
Essential Accounting Terms for Small Business Owners
Business owners are bombarded with different responsibilities, and as a result, learning accounting terms comes last on their to-do list. However, one thing that start-up business owners forget is the [...]
Quick Singapore Liquidation Guide
In Singapore, a company can either be closed by Court Order or by the decision of its owners. The former may result from a creditor filing a petition for winding [...]
Outsourcing Bookkeeping Services in Singapore During the Pandemic
All companies in The Lion City are still facing the threats brought by the COVID-19 pandemic. But regardless of these challenges, the reality is that it is still their responsibility [...]
The Cost of Accounting Services in Singapore
Large businesses, SMEs and entrepreneurs have different needs from providers of accounting services in Singapore. They will need assistance when it comes to tax filing, payroll, incoming and outgoing transactions, [...]
Accrual Accounting Explained
Start-up company owners in Singapore often face the challenge of deciding between two methods of accounting—cash accounting vs accrual accounting. However, before an individual is able to make the decision, [...]
Accounting Services For Your Small Business in Singapore
Outsourcing accounting services for small businesses in Singapore is a tough decision to make for some entrepreneurs. Most company owners do not see accounting as an exciting topic and as [...]
2021 Revised XBRL Filing Requirements
ACRA (Accounting and Corporate Regulatory Authority) issued the Practice Direction No. 2 of 2020 to guide companies on the revised XBRL filing requirements and data elements. This move is part [...]
XBRL Basics: An Introduction For Singapore Business Owners
The Accounting and Corporate Regulatory Authority (ACRA) implemented XBRL financial reporting in 2007. XBRL or the eXtensible Business Reporting Language is managed by a not-for-profit organisation—XBRL International—that seeks to improve [...]
Essential Roles of a Company Secretary During COVID-19
It is the role of the company secretary and the board members to handle and resolve complex issues faced by the business amid the pandemic. The management works closely with [...]
The Advantages of Outsourced Bookkeeping Services in Singapore
Business owners should not shy away from bookkeeping services in Singapore. In fact, bookkeeping professionals deliver an efficient and cost-effective way to track all of the financial transactions. An excellent [...]
2020 Rules of Winding Up Singapore Companies According to IRDA
The rules for winding up companies in Singapore are set forth in the Insolvency, Restructuring and Dissolution Act (IRDA). This Act was first passed in Parliament on the 1st of [...]
Bookkeeping Basics: A Beginner’s Guide For Small Business Owners
Bookkeeping is the process of keeping track of all financial transactions made by a company. It allows businesses to identify areas of profit expansion and financial challenges early. Read [...]
How Accounting Services Help Singapore Businesses Amid COVID-19
Outsourcing accounting services in Singapore amid the coronavirus crisis has become one of the major decisions a business owner must make. Having a team that can help companies understand the [...]