If you have ever wondered, ‘Is VAT and GST the same?’ you are not alone. Many business owners are caught off guard by the subtle yet important differences. In this blog, we will explore and explain the key distinctions between these two taxes. Why Where…
Planning to run your own business? Not sure which necessities require GST input? In Singapore, GST registration is necessary for companies with a taxable turnover exceeding $1million. Nonetheless, businesses can also apply for voluntary GST registration without meeting the threshold. This will allow your company to claim input…
Most Singaporeans are familiar with the term GST (Goods and Services Tax). GST is a consumption based tax levied on the supply of goods, services and the import of goods. As a business owner, it is important to know what GST is and how…
Are you a business owner in Singapore? If yes, then this is a topic that you should understand. Being well informed about GST output tax is important. Why? Because it directly impacts how you manage your sales and the tax you need to pay. But…
In Singapore’s lively business scene, corporate accounting services are vital for local businesses. From ensuring legal compliance to maximising financial strategies and providing financial insights, these services play a crucial role in financial management. If you are looking for an accounting firm to handle…
Accounting standards vary across the world and Singapore has their own as well. Should you adhere to SFRS for SE, SFRS(I) or IFRS for your business there?
Business functions and their purpose can only be fulfilled if there are solid finances supporting them. A business budget is key to making it happen.
If tasked to describe the role of a Company Secretary, most would proffer a description of someone who helms the administrative work of a company, ensuring its efficiency and accuracy.
Engaging accounting services in Singapore? It’s best to learn about their entire scope so as to have a better discussion with your hire. Here are some examples.
Foreigners setting up a company in Singapore can engage a professional filing agent to help manage the process. Here’s what overseas entrepreneurs need to take note of.
