Sophia Fu

The Ultimate Guide to Government Grants in Singapore

Singapore is a very attractive place for entrepreneurs to set up a business. Business-incubating infrastructure, tax incentives, cash grants, or financing schemes; everything that a new company desires, Singapore has it. The city-state’s business-friendly regime is mainly because of the abundance of grants and incentives available to various businesses. Historically, grants and incentives are usually …

The Ultimate Guide to Government Grants in Singapore Read More »

Guide on Singapore S Pass

Globally, Singapore is recognised as an economic powerhouse. The city-state boasts of an enterprise-friendly environment that continues to attract entrepreneurs, investors, and corporations. With the vision of building a Great Workforce and a Great Workplace for Singapore, the Ministry of Manpower (MOM) has excelled in formulating and implementing effective labour law policies for the city-state. …

Guide on Singapore S Pass Read More »

Auditing Consolidation Closing

This topic assumes an understanding of Tianlong Audit Methodology (TAM) and does not summarize or repeat our methodology. Instead, we read this topic in conjunction with TAM. The principal objectives in auditing the company’s consolidation conclusions are to determine whether: The transaction is properly approved (Completeness and Rights and obligations assertions) A scope exception applies …

Auditing Consolidation Closing Read More »

Auditing Business Combinations

The principal objectives in auditing business combinations are to determine whether: The transaction is properly approved (Rights and obligations assertion) The transaction is a business combination (Existence, Completeness, Valuation/Measurement and Presentation and disclosure assertions) The acquirer is properly identified (Existence/Occurrence, Completeness, Valuation/Measurement, Rights and obligations and Presentation and disclosure assertions) The acquisition date is correct …

Auditing Business Combinations Read More »

Tianlong Services bookkeeping

Dormant Company Filing Requirements in Singapore

Ever questioned yourself about what a dormant company is? What are the transactions allowed by ACRA for a dormant company? Are you still required to file with Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority (IRAS) despite your company’s dormant status? In Singapore, dormant companies are defined according to the regulations imposed …

Dormant Company Filing Requirements in Singapore Read More »

Compliance with ACRA Requirements – A Singapore Business Guide

Do you want to know more about the compliance requirements you need to maintain for your Singapore Company?   According to the Singapore Companies Act, all companies in Singapore must comply with the annual filing requirements of ACRA (the Accounting and Corporate Regulatory Authority). ACRA is Singapore’s regulator of business entities, public accountants and corporate …

Compliance with ACRA Requirements – A Singapore Business Guide Read More »

What Singapore Registered Companies Need to Know About AGM and Annual Returns

Under the Companies Act, all Singapore incorporated companies are required to hold their Annual General Meeting (AGM) and file their annual returns. It is mandatory to stay compliant with these regulations since they are overseen by the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).  What is an Annual …

What Singapore Registered Companies Need to Know About AGM and Annual Returns Read More »