In a landmark announcement during the 2024 National Day Rally, Prime Minister Lawrence Wong revealed enhancements to Singapore’s maternity leave framework. From April 2025, eligible working mothers will benefit from up to four months of government-paid maternity leave, with financial…
In today’s dynamic business environment, the ability to produce accurate and insightful financial reports is a cornerstone of corporate governance. For company directors, these documents serve as more than mere compliance tools—they are vital instruments for strategic decision-making, stakeholder trust,…
The Accounting and Corporate Regulatory Authority (ACRA) serves as Singapore’s regulatory body overseeing corporate compliance, including the mandatory submission of annual returns under Section 197 of the Companies Act (CA). Annual returns are critical electronic documents lodged via ACRA’s BizFile…
In the modern business landscape, accurate financial reporting and cost efficiency are non-negotiable pillars of success. For organisations navigating growth, finding the right manpower–be it an internal accounting team or an outsourcing firm–is pivotal. This choice profoundly impacts profitability, operational…
Singapore’s reputation as a global business hub is underpinned by its streamlined regulatory framework and commitment to fostering entrepreneurship. Central to this ecosystem is the process of company incorporation, which involves several statutory requirements—among them, paid-up capital stands out as…
Accounting serves as the backbone of any business, ensuring financial stability and informed decision-making. For small business owners juggling multiple responsibilities, managing accounting records without specialised expertise can lead to costly errors. While overseeing every aspect of operations is common…
Under the Companies Act, all Singapore-incorporated entities—whether active or dormant—must fulfil annual filing obligations with the Accounting and Corporate Regulatory Authority (ACRA). These requirements include convening Annual General Meetings (AGMs), submitting Annual Returns (AR), and filing audited financial statements where…
Singapore’s status as a global business hub continues to attract entrepreneurs seeking a stable and efficient environment to establish their ventures. Among the diverse business structures available, the private limited company (Pte Ltd) remains the most sought-after option for both…
As businesses rely more heavily on digital systems for payroll management, the importance of security in these systems has never been greater. Payroll systems store sensitive information such as employee salaries and bank account information, , all of which are…
Managing payroll is a critical aspect of running a business, and accuracy in salary calculations is paramount to ensure that employees are paid correctly and on time. Payroll errors can lead to employee dissatisfaction, legal issues, and financial penalties. Outsourcing…