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  • ACE Success.

    Singapore Budget 2019

    acesuccess Mar 05, 2019

      On 18 Feb 2019, our Minister for Finance – Mr Heng Swee Keat delivered the 2019 Budget Statement. One of the strategic plans is to transform and build a vibrant economy and continue to build Singapore as a global city.  In this Budget summary, we will be focusing on the plans that are relevant […]

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  • ACE Success.

    GST on Customer Accounting for Prescribed Goods

    acesuccess Jan 14, 2019

    GST: Customer Accounting for Prescribed Goods The Goods and Service Tax (GST) is a value-added tax placed on goods and services. The GST is borne by the consumer, it is however remitted to the government by the seller/ business selling the goods and services. This tax is usually added to the price of the product […]

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  • ACE Success.

    CorpPass Registration

    acesuccess Sep 21, 2018

        CorpPass Registration  Starting from 1st September 2018 onwards, companies and business are no longer allow to use the SingPass to access government portal for online transaction. The main reason for CorpPass to  replace the use of SingPass is to separate personal and corporate login method. And right now CorpPass is the only login […]

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  • ACE Success.

    Singapore Budget 2018 Summary

    acesuccess Feb 26, 2018

    Singapore Budget 2018 Summary   Hi, I believe most of you will be interested in this year budget statement as all of you are aware that the productivity & innovation credit (PIC) grant has ended in YA2018. I have listed out most of the implementation regards to businesses and company for this year budget policy. […]

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  • ACE Success.

    What is the constitution of a company?

    acesuccess Sep 29, 2017

                The Constitution of a company is a legal document that maintains how the company and the company’s activities are being regulated and managed. Specifically, the Constitution outlines the company’s governing rules and procedures, purpose of the company, as well as its board of directors and shareholders, and their rights […]

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  • ACE Success.

    Different types of business entity

    acesuccess Sep 29, 2017

    What are the advantages & disadvantages of the different business entity in Singapore? The following are the common business structure in Singapore Sole Proprietorships Partnerships – LP, LLP Private Limited Company Public Company     When setting up and registering a business in Singapore, there are various business entities and structures that one has to […]

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  • ACE Success.

    Capital Allowance – Part 2

    acesuccess Aug 28, 2017

    Claiming Capital Allowance After a company purchases plant and machinery for its business, it will be able to claim capital allowances for the incurred expenses. There are a few methods to go about calculating and claiming capital allowances – companies can choose to write-off their assets in one, two, or three years, or even over […]

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  • ACE Success.

    Capital Allowance

    acesuccess Jul 31, 2017

    What is Capital Allowance? After the financial year end, company are required to file its tax to IRAS. Usually Tax accountant will prepare a Tax Computation, which computes its income after taking away its daily operation costs, as well as any other deductions and reliefs to get the final tax payable for that year of assessment […]

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  • ACE Success.

    GST PROS & CONS

    acesuccess Jul 06, 2017

      What is GST in Singapore? Goods and Services Tax, or better known as GST, is a general consumption tax that is levied on imported goods, as well as goods and services supplied in Singapore. GST is the equivalent of Value-Added Tax, or VAT, in other countries. While everyone has common knowledge about GST as […]

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  • ACE Success.

    HOW TO SET UP A SIMPLE AND PROPER BOOKKEEPING SYSTEM/PROCESS?

    acesuccess Aug 17, 2016

    After you have incorporated the company in ACRA, the next thing to do is to know how to set up a simple and proper bookkeeping system/process. Bookkeeping is commonly known as record keeping, which means that all the transactions that arise from the company have to be recorded. I will now share with you on what […]

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