Singapore Budget 2020: Essentials for Corporates, Startups and SMEs

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.

Roles and Responsibilities of a Corporate Secretary in Singapore

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.

Is it Compulsory to Have a Corporate Secretary?

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.

Should You Hire an Accountant for Your Small Business?

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?

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?

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 or […]

Everything You Need to Know About Accounting and Bookkeeping Services

Everything You Need to Know About Accounting and Bookkeeping Services 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 […]

Singapore Budget Updates 2018: Corporate Tax

[su_x3] Singapore Budget Updates 2018: Corporate Tax The Singapore Budget 2018 was delivered by the Finance Minister, Mr Heng Swee Keat, on 19 February 2018. This article highlights some of the key changes on corporate tax. Adjustments to Tax Exemption Schemes For start-ups, with effect from YA 2020, there will be 75% tax exemption on […]

Singapore Budget Updates 2018: Goods and Services Tax

[su_x4] Singapore Budget Updates 2018: Goods and Services Tax The Singapore Budget 2018 was delivered by the Finance Minister, Mr Heng Swee Keat, on 19 February 2018. This article highlights some of the key changes on goods and services tax (GST).   Increase in GST rate The prevailing GST rate of 7% will be raised […]