Outsource Bookkeeping & Accounting Services SG – Pros & Cons

businesswoman on laptop at desk

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 […]

Maximize Efficiency with Corporate Secretarial Services SG

Young happy couple making an agreement with their financial advisor at home. Men are shaking hands.

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 […]

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 […]

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 are Accounting and Bookkeeping Services? Bookkeeping is unavoidable for every business […]