As a business owner, managing your company’s finances is crucial for success. However, with ongoing inflation, it has become increasingly challenging to manage expenses effectively. Outsourced bookkeeping or accounting services have emerged as a popular option for many companies in Singapore, offering a way to provide timely updates of companies’ financial position, which drives decision-making […]
Running a successful business today requires effective corporate secretarial work and function management. Companies must ensure that they comply with all the statutory requirements while making sure that their operations are efficient enough to help them scale up in the market. As you navigate the complex world of business, it’s important to have a team […]
The Singapore Budget 2020 was delivered by the Deputy Prime Minister and Finance Minister, Mr Heng Swee Keat, on 18 February 2020. This article highlights some of the key initiatives and support from the Government to businesses, Startups and Small and Medium Enterprises.
In the Singapore Companies Act, a registered business is required to appoint a corporate secretary. A corporate secretary is different from a regular secretary. Both are undoubtedly crucial in the operations of the company. However, the corporate secretary has a wider range of responsibilities pertaining to the whole company.
Before registering your company in Singapore, you need to understand the legal requirements of setting up a business to ensure preparedness. In Singapore, after the registration and incorporation of a company, you are required to appoint a company secretary within six months. If at some point the company secretary chooses to leave the company, this position should not be vacant for more than six months after.
Before looking for a job as a corporate secretary, you need to find out if you are qualified even to be shortlisted. The board of a company relies heavily on the corporate secretary. Appointed corporate secretaries need to have the right traits and skills to execute the demands of the company comfortably.
Should You Hire an Accountant for Your Small Business? When starting a business, you will undoubtedly need to make tough choices, especially when it comes to how resources are allocated. Before you start seeing a steady flow in revenue, you will find yourself making some sacrifices, especially if you have a tight budget. Most entrepreneurs […]
How Much Does an Accountant Cost for a Small Business? It is important to know the reasons why you would need to hire an accountant for your small business. This comes even before shortlisting who to hire. Furthermore, it is advisable to find out the average market rate charged. Although many accountants charge a flat […]
How Do I Choose the Right Accountant for My Business? There is no doubt that accountants are an integral part of a company’s structure, irrespective of the size of the business or whether it is done in-house or outsourced. Some small business owners still hold off having an accountant until they feel it is necessary […]
Many people assume that a bookkeeper provides the same services as an accountant. However, that is not the case. An accountant can adequately perform the duties of the bookkeeper, whereas a bookkeeper will fall short on some of the responsibilities of an accountant. What are Accounting and Bookkeeping Services? Bookkeeping is unavoidable for every business […]