If you are a start-up entrepreneur who has a world-changing creative idea, it is important to find a way to execute and turn that idea into a viable business. For you to unveil and execute your business idea, the most common vehicle is having a corporate entity. The importance of incorporation usually has to do …
Importance of Incorporation Services for Business Start-ups in Singapore Read More »
What is Goods and Services Tax? Abbreviated as GST, Good and Services Tax is a broad-based consumption tax levied on all imports and local supplies of goods and services in Singapore. It was introduced in Singapore on 1 Apr 1994 and is collected by Singapore Customs or businesses on behalf of Inland Revenue Authority of …
All You Need to Know about Goods and Services Tax (GST) Read More »
There are many benefits of incorporating a company in Singapore: ease of doing business, first-rate financial hub with readiness of affordable funding, excellent connectivity, robust IP protection and legal system, and strategic location among the world’s leading emerging markets, among many others. However, the key benefit from a corporate perspective is the attractive tax framework …
How to Pay Corporate Tax in Singapore including Rates and Exemptions Read More »
There are many ways to create fraudulent sales that make the company look more economically active, to meet expectations of investors or simply to meet management targets. You will learn the different types of sales fraud in this article. The seven ways are as follows: Creating fake invoices Acceleration of revenue recognition Bill and hold …
A Corporate Secretary/Company Secretary is one of the key officers in a Singapore company because he/she acts as the head administrative officer who ensures that your company complies with the relevant legislations and regulations. He/she also keeps the Board Members up-to-date with their legal responsibilities in the company. According to Section 171 of the Companies …
Roles and Responsibilities of a Singapore Corporate Secretary Read More »
Different countries have wide-ranging types of business structures. Whether you are an amateur or experienced business owner, the current needs and future success of your company starts with choosing the right company type as it affects viability, growth, and expansion both locally and internationally. Therefore, if you’d like to establish a company in Singapore, it …
Undoubtedly, networking is one of the most important skills for any businessperson. It helps to create and maintain relationships, learn about the latest business trends, and gain insights from those who are in the trenches with us. When you have the right approach to networking, you will feel comfortable in a crowd. As an accountant …
The Ultimate Guide to Networking for Accountants and Bookkeepers Read More »
Since your company has to keep detailed records of past and present financial transactions for future reference, it is the duty of various accountants verified for statutory audit and internal audit to prepare such financial statements. Generally, a Statutory Auditor performs the statutory audit while Internal Auditor is responsible for doing the internal audit. Therefore, …
Statutory Audit and Internal Audit: What’s the Difference? Read More »
I will not go through the definition of corporate governance in this article. You can find it on Google easily. Instead, I will be talking about how to implement corporate governance to pick stocks. First of all, it is important to know certain terms before moving on. Required knowledge Conflict of interest Unqualified opinion Approaches …
With the end of yet another financial year closing in, now is the final chance for both individuals and companies in Singapore to get their 2019 tax planning well organised! The dawn of another calendar year means that tax season is fast approaching, and come April, you will have to file your income tax returns …
Tax Planning Tips for Individuals and Companies in Singapore Read More »
Are you a business owner in Singapore? Are you looking for cost-effective and high quality bookkeeping services for your business? Search no more! Tianlong Services Pte Ltd offers wide-ranging accounting and bookkeeping solutions for both small-sized and large businesses in Singapore. At Tianlong, our team of experienced and competent bookkeepers have the knack to help …
Accounting and Bookkeeping Services for Businesses in Singapore Read More »
For individuals with a non-commerce background, it’s not so easy to distinguish between bookkeeping and accounting. This could have a profound effect not only on the services provided for your business, but also the cost that you incur in terms of hiring the respective services. While all businesses require both services, the scope of each …
Similarities and Differences between Accounting and Bookkeeping Read More »
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