Category: blog

All companies in Singapore, by law, are required to appoint an auditor within three months of incorporation. This doesn’t apply to smaller companies or dormant companies, but all other companies require an auditor to help follow regulations and be compliant. Navigating these complexities is a challenge faced by businesses of all sizes in Singapore, and with the competitive business landscape in this country, the role of an audit firm in Singapore can be incredibly beneficial. After all, auditing firms offer…

The new GST hike will kick in by January 2023 – and it is vital that your business is prepared to handle this change. Failure to comply or delaying your preparation might result in devastating financial losses that could have easily been avoided. IRAS, for example, may fine businesses up to $10,000 and a penalty of 10% of the tax due for businesses that are late or failed to register for GST. It’s essential therefore to understand the key steps…

December is around the corner and it’s time to focus on your year-end closing. Your accountants will, no doubt, be hard at work to collate key information with your stakeholders and have an overall review of your company’s cash flow, budget, and performance. These are stressful times, but luckily, there are ways to avoid that. Here are 4 ways you can take the pain out of compiling your year-end financial statements in Singapore. 1. Have a robust review of the…