Reading time 10 minutesAccounting professionals are well aware and well-versed in the concept of a chart of accounts. The chart of accounts is a widely used term in the world of finance and accounting. It serves as the backbone of all accounting systems. Whether you’re a startup or a well-established enterprise, understanding and setting up your […]
Reading time 13 minutesWhy Start a Business in Singapore? Singapore is known globally for being one of the most business-friendly countries in the world. Entrepreneurs from around the globe are drawn to this Southeast Asian hub due to its strategic location, pro-business policies, world-class infrastructure, and strong legal framework. If you’re wondering why and how to […]
Reading time 16 minutesAs an entrepreneur, you’re bursting with a game-changing business idea and have set your sights on launching your startup in Singapore. While having a visionary idea is a powerful starting point, turning it into a thriving business is a whole different story. Before you know it, you’ll be navigating a mountain of paperwork […]
Reading time 9 minutesWhat is Cloud-Based Accounting Software and its Key Benefits for Businesses In today’s fast-paced, globalised world, businesses must stay agile to thrive in an ever-evolving landscape. Keeping up with change is essential as international trade and cross-border transactions become the norm. One key area is accounting, and modern accounting services are now leveraging […]
Reading time 9 minutesWhat is a Private Limited Company (Pte Ltd) in Singapore Registering your business as a Private Limited company is one of the most popular and strategic moves you can make. But what does a private limited company mean? A private limited company, also commonly known as Pte Ltd in Singapore, is a separate […]
Reading time 11 minutesThe Role of a Company Secretary in Company According to the Companies Act, appointing a corporate secretary is mandatory for all registered companies in Singapore within six months of incorporation to maintain legal requirements. They play a crucial role in corporate governance, managing administrative tasks and ensuring the company complies with the statutory […]
Reading time 10 minutesAs businesses and investors expand, cross-border taxation knowledge becomes more integral in pursuit of global financial growth. With different tax laws in every country, businesses need to understand the taxation policies to ensure compliance and avoid any legal implications. For most investors, diversifying your portfolio across borders can yield substantial rewards. However, as […]
Reading time 6 minutesCorporate secretarial services encompass a range of administrative and compliance-related tasks essential to a Singapore company’s smooth operation. The role of a corporate secretary is to ensure that your company remains compliant with legal and regulatory requirements and more. Check out the piece we wrote on the roles and responsibilities of company secretaries for more […]
Reading time 5 minutesThe burden of making sure your company stays compliant with legal requirements falls squarely on the shoulders of your company secretary. These secretaries make sure they stay up to date with the latest legislative and regulatory changes enacted by the Accounting and Corporate Regulatory Authority (ACRA) to help companies avoid liabilities and penalties […]
Reading time 7 minutesLast updated November 2023 On April 1, 2023, ACRA, the Singapore Accountancy Commission (SAC), and the Accounting Standards Council (ASC) consolidated into a single entity, retaining the name ACRA. This merger aimed to enhance regulatory efficiency, standard-setting, and sector development by leveraging synergies among various accountancy-related functions. What is ACRA? ACRA, or the […]
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