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 […]
Category Archives: Accounting Matters
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 […]
Audit Exemption: New “Small Company” Concept The Companies (Amendment) Act 2014 (Amendment Act) was passed by Parliament in October 2014, introducing the largest number of changes to the Companies Act since its enactment in 1967. The changes are intended to reduce the regulatory burden on companies, provide for greater business flexibility and improve the corporate […]
Focusing on your business priorities Small and medium enterprises are often limited by budget and time constraints, and would have priorities over growth, business expansion or research and development. Outsourcing therefore provides business owners with a sensible alternative to ensure that their accounting and bookkeeping needs are managed by a group of professionally accredited accountants. […]