As a business owner, you know that maintaining accurate and up-to-date financial records is crucial to your company’s success. But with so many different aspects of your business to keep track of, it can take time to know where to start. We have put together this list of seven steps to help you get the …
7 Steps To Get The Most Out Of Your Business Accounts Read More »
As a business owner, you must know how you could become a victim of financial fraud. Several scams explicitly target businesses and their owners, from identity theft to embezzlement. Most common types of business fraud and what you can do to avoid them: 1. Identity theft Identify theft occurs when someone uses your business’s name, …
How To Avoid Becoming A Victim Of Business Financial Fraud Read More »
A commercial lease or tenancy agreement is made between the tenant or business owner and the landlord or owner of the commercial plot. This agreement specifies the precise rights and obligations that both parties are subject to when the landlord chooses to lease a space to the occupant for business purposes. No law in Singapore …
The term “cloud-based” is relatively overused to the point that many aspects of our lives are run by cloud computing. Look at Google Docs, Slack, Dropbox, and Amazon Web Services, to name a few. All of these applications are cloud-based software which many people may now find impossible to get through the day without having …
What Is Cloud Accounting And What Are Its Advantages? Read More »
One of the most important traits any business should have is to be organised. It will be easier for a company to operate if all its records are kept in the proper order. This is what the chart of accounts is all about. What is the Chart of Accounts? In general, the Chart of Accounts …
4 Mistakes That Make A Business’ Chart of Accounts Improper Read More »
Seth Godin once said, “The only thing worse than starting something and failing is not starting something.” In Singapore, many start-up founders successfully begin their business operations but along the way, they get discouraged. One of the most challenging aspects in their businesses is usually accounting and bookkeeping. Only a handful of founders have the …
A Detailed Guide to Accounting and Bookkeeping for Start-up Founders in Singapore Read More »
Do you know that 90% of startups and SMEs in Singapore fail in their first 5 years of operation? To put this into perspective, poor accounting services and ineffective financial management stands out as some of the top reasons for the failure. Singapore is known to have a highly competitive business environment, and for your …
Start-ups & SMEs in Singapore: Why Accounting Services is Vital for their Survival Read More »
As one of the leading financial centres in the world, Singapore continually attracts businesses to its shores and enjoys a highly competitive market. Naturally, keeping pace with the competition is paramount in the city-state’s economic landscape, but that does not mean one can afford to neglect the fundamentals of running a business, such as its …
How To Select A Suitable Accounting Firm For Your Business Read More »
Singapore enjoys a reputation of being one of the world’s friendliest countries to do business. In fact, Singapore consistently tops the list of international reports as the best place to start a business. This is because we boast a hassle-free and straightforward set-up process, world-class infrastructure, the best IP protection, a high standard of living, …
Everything You Need To Know About Immigration And Work Visas Read More »
We get it. No one likes to be reminded or be told to pay their taxes. In fact, we can be certain that just the word “tax” conjures up a negative connotation or feelings of dread. However, tax is what enables our society to develop and plays a vital role in improving our lives. Hence, …
3 Ways Businesses Can Benefit From Proper Tax Planning Read More »
Due to the COVID-19 pandemic, more and more businesses are shifting their operations to the online sphere as e-commerce becomes increasingly preferred by consumers. According to Google’s e-Conomy SEA 2020 Report, Singapore saw an 87% growth rate for our internet economy, and our e-commerce industry is expected to be worth roughly $4 billion by the …
Quick Guide To Setting Up An Online Business In Just 5 Steps Read More »
As a business owner, you should always look for ways to optimise your company’s performance in the most efficient way possible. Many businesses, especially new ones, face a challenge: spending too much time processing employees’ payments. While late payment is not necessarily a crime in Singapore, it can result in employees having low morale and …