Small business owners often think financial reports are only for companies that need an audit. Because of this, many assume that being audit-exempt means they can skip formal paperwork. However, this is a common mistake. Even if your revenue is…
Imagine your business reaching its targets before the month even begins. For many successful owners in Singapore, the goal is to create lasting financial strength. Fortunately, subscription models make this possible by turning standard sales into steady, long-term growth. By…
For many small companies, preparing a compilation of accounts is a mandatory part of annual compliance in Singapore. If your business earns less than S$10 million, you usually do not need a statutory audit. This exemption saves you significant time…
Finding reliable accounting services in Singapore should not cause stress. Currently, many business owners waste time chasing vendors or fixing messy spreadsheets. In addition, most business owners dread getting an unpredictable hourly bill at the end of the month. Therefore,…
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,…
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…
Accounting is a fundamental aspect of any successful business. Whether you run a small startup or a large corporation, accurate financial records are essential for making informed decisions, ensuring tax compliance, and ultimately achieving your business goals. However, managing the…