Preparation of Company’s Financial Statements

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...

GST treatment on Gifts and Samples to Customers

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...

IRAS arrests 10 members for suspected GST fraud in Islandwide raids

New Active Commute Grant – up to 80% subsidy

Good news for employees as well as employers: Singapore Government has launched a new grant called 'Active Commute Grant' which subsidises up to 80% of the cost for workplace to build showers and lockers so that employees can cycle or jog to work. Replacing the...

Applying for Certificate of Residence (COR) in Singapore

Applying for Certificate of Residence (COR) in Singapore

What is a Certificate of Residence? The Certificate of Residence (COR) is a letter issued by IRAS to certify that the company is a tax resident company in Singapore. In the view of IRAS, a tax resident in Singapore is one whereby the control and management of the...

IRAS arrests 10 members for suspected GST fraud in Islandwide raids

$175 million of GST and Penalties has been recovered by IRAS.

From January 2019 to September 2019, more than 2,000 GST related cases are being investigated for GST non-compliance issues. Within this period, IRAS has since recovered $175 million in GST and penalties. As of now, 14 cases has been convicted for GST frauds and...

GST to be imposed on imported services from Jan2020

GST to be imposed on imported services from Jan2020

Effective from 1 January 2020, Goods and Services Tax (GST) will be imposed on imported services such as IT services, accounting services and marketing services etc. As digital services are easily available and accessible to anyone, customer may choose to engage...

8 Tips to Organize your Business

8 Tips to Organize your Business

At Ace Success, we aim to be a one-stop service provider for all your corporate needs in Singapore. Our range of services include Company Incorporation in Singapore, Accounting, Annual Compliance, Corporate Secretary, Corporate Tax, Individual Income Tax, Business...

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