Business as Usual for Ace Success
In the wake of recent developments pertaining to the COVID-19 outbreak in Singapore, Ace Success Pte. Ltd. will be adopting a 'Work from Home' Policy with immediate effect. We will be fully operational and will continue business as usual. We are available on our...
IRAS Extends Tax Filing Deadlines
In light of the latest measures to manage COVID-19, the Inland Revenue Authority of Singapore (IRAS) has extending its support for taxpayers by providing an automatic extension of deadlines for tax filing for individuals and businesses. Taxpayers who can file earlier,...
Singapore Budget 2020- Key Highlights
Deputy Prime Minister Heng Swee Keat introduced measures to deal with challenges such as the coronavirus outbreak and long-term economic development on 18th February 2020. Key summary covering support packages to all business, Singaporean and financial institutions...
Foreign Company Setting Up Office In Singapore
A foreign company must register an entity in Singapore before it can commence its business here. If you are looking to incorporate or expand your business in Singapore, you may consider the following options: Subsidiary Company (Most Recommended Structure): Separate...
Compliance Requirements for a Dormant Company
A dormant company is a company that is registered in Singapore, without generating any form of revenue and expenses during the financial period. Typically, a company that become dormant may be due to several reason. Such as taking a break from the business or setting...
Updates: Receive Wage Credit Scheme for YA 2020 though PayNow or GIRO.
Wage Credit Scheme (WCS) was introduced in year 2013 and has since been extended to 2020. The initiative is to support and encourage employers to appreciate their employees' contribution through progressive increments of wages. The Government will co-fund the wages...
Submit Corporate Tax Returns for YA 2019 by 15 Dec (Extended Due Date) for companies that e-file
It is the time of the year when all companies are rushing to prepare the tax computation to submit the corporate tax return before the due date. And many companies are also clueless about the changes in the tax filing process. We have prepared a summary to highlight...
Preparation of Company’s Financial Statements
Company Financial Statements Preparation Generally, the financial statements will be prepared according to the latest Financial Reporting Standards (FRS) by a qualified individual or a corporate service provider like us. Thereafter, the directors will sign off on the...
IRAS arrests 10 members for suspected GST fraud in Islandwide raids
For the very first time, IRAS has exercised it newly acquired powers of arrest under the Section 83E(1) of the GST Act. During the 4-day nationwide raids on 36 business entities and 73 locations, about 10 suspected key members of a criminal syndicate have been...
GST treatment on Gifts and Samples to Customers
Providing samples and gifts to prospective clients is a common practice in the course of business development. Besides that, during festive season, companies may purchase hampers or gifts to appreciate their customers for the continued support. The goods that are...
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