Blog

  • ACE Success.

    How to differentiate between business and personal expenses?

    acesuccess Jul 16, 2019

    In a recent case reported by IRAS, a company was penalised for wrongful claims of private expenses. The company directors were also charged in court for tax evasion by wilfully preparing false invoices to support their fictitious expense claims. These private expenses included luxury goods purchases such as handbags and jewellery, as well as family […]

    Read More
  • ACE Success.

    Which license to choose for an F&B business in Singapore?

    acesuccess Jul 08, 2019

    Which license to choose for an F&B business in Singapore? Singapore is famous for its large offering of food: from South-East Asia specialties to Western classics, anything you may want is available. But all these F&B businesses (Food and Beverage) are regulated by specific governmental agencies that are the guaranties of the hygiene and quality […]

    Read More
  • ACE Success.

    Consolidated Financial Statements

    acesuccess Jul 05, 2019

    After the merger and acquisition of a company, the parent company are required to present its financial statements in a consolidated manner to the stakeholders during the annual general meeting.  The consolidated financial statements will display the equity, assets, liabilities, income, expenses and cash flow of the parent and subsidiaries as of a single economic […]

    Read More
  • ACE Success.

    Closing a company in Singapore

    acesuccess Jun 12, 2019

    After setting up a company in Singapore to building the business for a period of time, many owners are looking at options to close down the company due to several difficulties in maintaining the business. There are different solutions available for closing a company in Singapore, depending on its type and its business. For most, two processes […]

    Read More
  • ACE Success.

    Obligations of a ACRA Registered Filing Agent (RFA)

    acesuccess Jun 06, 2019

    A registered filing agent is the registered under ACRA as the qualified individual of a company secretarial firm or accounting firm in Singapore. The user is given the access to perform any transaction with the Registrar on behalf of the company/client in the course of the business. Starting from June 2015, a registered filing agents […]

    Read More
  • ACE Success.

    Responsibilities as an Employer in Singapore

    acesuccess May 21, 2019

    Responsibilities as an Employer in Singapore Being an employer in Singapore comes with a number of responsibilities concerning its employees to ensure decent working conditions and its tax filing obligation. Employment Act Under the Employment Act, employers have a series of fundamental obligations to fulfill towards their employees. They must: Pay their salary on time […]

    Read More
  • ACE Success.

    Tax exemptions for startup companies in Singapore

    acesuccess May 14, 2019

    Tax exemptions for startup companies in Singapore To maintain a business-friendly environment in its state and remain competitive in the South-East Asian market,  Singapore’s Government has implemented several tax exemption schemes. Tax authority in Singapore, the Inland Revenue Authority of Singapore (IRAS), have put in place dedicated tax reliefs for startup companies to promote entrepreneurship […]

    Read More
  • ACE Success.

    Singapore’s Government Agencies to know

    acesuccess May 07, 2019

    Singapore’s Government Agencies to know If you are looking to incorporate a company in Singapore, you will need to become familiar with a few governmental organisations with which you are sure to cross path.  ACRA: the Accounting and Corporate Regulatory Authority ACRA is the government agency with which every company has to register and so […]

    Read More
  • ACE Success.

    Why your company should outsource its Tax Compliance work?

    acesuccess Apr 29, 2019

    Why your company should outsource its Tax Compliance work? In Singapore, companies have to fill several forms and documentation on an annual basis to submit its tax. These tasks are often time-consuming and are quite technical. This is why hiring a corporate services provider to handle all the compliance work can help you stay focused […]

    Read More
  • ACE Success.

    The Payroll System in Singapore

    acesuccess Apr 25, 2019

    The Payroll System in Singapore Singapore established itself as a leading financial hub in South East Asia. The core resources in Singapore are in fact human resources. Government have spent top dollars to improve the knowledge and education system to enhance the capability of its people. Human resources aka HR are part of the managing […]

    Read More

Are you still rushing to get your accounts up to date?

Get in touch with us.
Top