Accrual Accounting Explained
Start-up company owners in Singapore often face the challenge of deciding between two methods of accounting—cash accounting vs accrual accounting. However, before an individual is able to make the decision, [...]
Accounting Services For Your Small Business in Singapore
Outsourcing accounting services for small businesses in Singapore is a tough decision to make for some entrepreneurs. Most company owners do not see accounting as an exciting topic and as [...]
2021 Revised XBRL Filing Requirements
ACRA (Accounting and Corporate Regulatory Authority) issued the Practice Direction No. 2 of 2020 to guide companies on the revised XBRL filing requirements and data elements. This move is part [...]
XBRL Basics: An Introduction For Singapore Business Owners
The Accounting and Corporate Regulatory Authority (ACRA) implemented XBRL financial reporting in 2007. XBRL or the eXtensible Business Reporting Language is managed by a not-for-profit organisation—XBRL International—that seeks to improve [...]
Essential Roles of a Company Secretary During COVID-19
It is the role of the company secretary and the board members to handle and resolve complex issues faced by the business amid the pandemic. The management works closely with [...]
The Advantages of Outsourced Bookkeeping Services in Singapore
Business owners should not shy away from bookkeeping services in Singapore. In fact, bookkeeping professionals deliver an efficient and cost-effective way to track all of the financial transactions. An excellent [...]
2020 Rules of Winding Up Singapore Companies According to IRDA
The rules for winding up companies in Singapore are set forth in the Insolvency, Restructuring and Dissolution Act (IRDA). This Act was first passed in Parliament on the 1st of [...]
Bookkeeping Basics: A Beginner’s Guide For Small Business Owners
Bookkeeping is the process of keeping track of all financial transactions made by a company. It allows businesses to identify areas of profit expansion and financial challenges early. Read [...]
How Accounting Services Help Singapore Businesses Amid COVID-19
Outsourcing accounting services in Singapore amid the coronavirus crisis has become one of the major decisions a business owner must make. Having a team that can help companies understand the [...]
How to Start a Business in Singapore: Start-up Capital
Capital is a necessity when establishing a business. However, the notion that it requires a large amount is a mere misconception. Read on to find out more about how to [...]
Key Information on Singapore Start-ups
Start-ups in Singapore play a great role in keeping the country’s entrepreneurship ecosystem competitive. Not every one of them succeeds, but a majority still last more than a few years [...]
Home Business Registration in Singapore
The COVID-19 pandemic has affected how people conduct business in Singapore. One of the most prominent changes is that more entrepreneurs are opting to register home-based businesses, allowing them to [...]
How To Set Up A Company Limited By Guarantee in Singapore
Not all companies are created to turn a profit. In the case of non-profit organisations or charities, the best option for business owners in Singapore is to establish their enterprise [...]
Understanding ACRA Singapore’s SSIC Requirements
To make it easier to classify Singaporean businesses by the types of economic activities they are engaged in, the Accounting and Corporate Regulatory Authority (ACRA) has introduced a system known [...]
SingPass: Why You Need It When You Incorporate in Singapore
Singapore Personal Access or SingPass is a digital signature that allows entrepreneurs to transact with over 60 government agencies in Singapore. It was launched in 2003 and is currently being [...]