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 This concession will be withdrawn from Year of Assessment (YA) 2021, which is income earned in 2020.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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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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