Desmond Teng

Desmond Teng

Audit principles

Objectives of an audit In conducting an audit of financial statements, our overall objectives are: To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling us to express an opinion on whether the financial statements are prepared (and presented fairly …

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Taxation of employment income for Singaporeans working abroad

Taxation of employment income for Singaporeans working abroad

Executive summary Singaporeans are generally considered as Singapore tax residents. By concession, they could elect to be treated as non-residents, if they have been working overseas for at least six months in a calendar year. This concession will be withdrawn from Year of Assessment (YA) 2021, which is income earned in 2020. This change will …

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sme accounting

Accounting Services for Small and Medium Size Enterprises (SMEs) in Singapore

Are you a small business owner in Singapore looking for accounting services? It’s no secret that small businesses face an uphill battle towards business growth and entrepreneurial success and poor accounting practices is the leading factor that stops them dead in their tracks! Some quick marketing research reveals that 30% of small businesses fail in …

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affiliate bookkeeping

Bookkeeping Affiliate – Make Money with Tianlong Services

Passive income. You have heard about it, right? If not, do you dream about making money while you sleep? For 99% of people earning passive income today, affiliate marketing was their starting point. Generally, it’s based on revenue sharing. If you have a product and want to sell more, you can offer promoters a financial …

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paperless office

Paperless Office: How You Can Achieve It by Digitizing Your Processes

Is it really possible to achieve a 100% paperless office in your business? Imagine you are preparing for an important meeting on a busy Monday morning. You decide to respond to some important emails before you leave your desk. You start replying one of the emails from your supplier who claims he had sent an …

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outsource bookkeeping singapore

Why Outsource Your Bookkeeping in Singapore and Dump your Spreadsheets

Not thinking of outsourcing your bookkeeping? As a business owner, there are many things that take up your time throughout the day. You handle your employees, monitor marketing plans, manage social media accounts, attend meetings, and many other things. While you might think that managing the accounting aspects of your company is one of the …

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accounting services singapore

Common Obstacles You Will Face as a Start-up and How to Overcome Them

Entrepreneurship doesn’t come with a rule book. It’s always exciting to start a business from scratch, more so if it’s your very first. It’s fun to dream about making it big or having several outlet stores with your name on them, but the first step towards becoming the next Jack Ma or Jeff Bezos is …

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