It's not as straightforward as filling out a form and sending it out in Singapore. It comes with its own set of criteria and prices. It's important to remember that most Singaporean businesses are set up as private limited liability corporations when registering your business there.

There aren't enough transactions or administrative responsibilities for a full-time bookkeeper in most early-stage companies and small businesses. Because of this, business owners try to cut costs by handling their bookkeeping duties themselves. Since you already have a limited budget, you must use it wisely.

A corporation is considered operating offshore if it was established in a jurisdiction that is not the same as the jurisdiction in which it conducts most of its business or where most of its investors live.

We are excited to announce our partnership with Spenmo to make payments simple for you. Spenmo is a cloud-based payments software and offers a unified payment platform for businesses. They help you manage, track, automate, and reconcile your payments in one dashboard. In this blog post, we highlight some of their awesome features, and how working with Spenmo can help you automate your payments process and free up your time to build and grow your business.

As a small business owner, your time is precious. You’ll want to use that time for more impactful and value-adding activities like business development and leads generation. Accounting or bookkeeping are probably not top of the list, but they are important and new technologies are making them easier and more efficient. In this post, we provide information on how moving to cloud accounting can help you work smarter and faster.

Payroll obligations in Singapore are governed by the Employment Act, which is Singapore’s main labour law. It provides for the basic terms and working conditions for all types of employees, with some exceptions. In this blog post, we highlight some of the important components of the Employment Act that will help you fulfill your payroll obligations as an employer in Singapore.

The phrase “You can’t manage what you can’t measure” is often attributed to W. Edwards Deming, the statistician and quality-control expert credited with having launched the Total Quality Management (TQM) movement. This adage definitely rings true when it comes to the measurement of a company’s financials in order to assess its profitability. ⁠In this blog post, we highlight the components of a good bookkeeping system, and the importance of a proper bookkeeping system to your small business.

The Covid-19 pandemic has completely transformed the world of work. Many of us have been working predominantly from home for the past year, and are experiencing work burnout due to long working hours at home and less social interaction. In this blog post, we share 4 ways you can avoid burnout from working from home (“WFH”) so you can better manage your work life at home!

Tax terminology and concepts are infamously hard to grasp, and it takes years of practice before accountants can achieve expertise in this area. As tax expenses eat into a considerable portion of a company’s profit, and also because tax computation errors will attract penalties from Inland Revenue Authority of Singapore (IRAS), it is important to understand the common tax terms and get your basic concepts right.

Accounting is full of technical jargon and unfamiliar terms that can be frustrating to small business owners. This is perhaps one of the main reasons why small business lack confidence when it comes to bookkeeping. In this blog post, we highlight some of the commonly-used accounting jargon so that you can feel more confident when speaking to your accountants or bookkeepers!

A tax computation is a statement showing the tax adjustments to the accounting profit to arrive at the income that is chargeable to tax. Tax adjustments include non-deductible expenses, non-taxable receipts, further deductions and capital allowances. Find out how to prepare a tax computation and the common filing mistakes to avoid in this blog post.

As YA 2021 corporate tax season opens for filing, we thought it an opportune time to highlight three of the tax changes announced by Budget 2020 and 2021 that will support businesses who have invested in new assets and/or renovation and refurbishment of business premises and ease the cashflow of businesses.

Bookkeeping is without a doubt one of the most tedious administrative tasks that consumes a significant portion of small business owners’ time. As they are not aware of the benefits of cloud-based bookkeeping, many small business owners choose to maintain their accounts in excel spreadsheets and fail to harness the power of cloud accounting. When done right, cloud-based bookkeeping frees up small business owners’ time to run and grow their businesses. In this blogpost, we outline the components of good bookkeeping and the massive cost savings it can bring you when you move your bookkeeping to the cloud.

As we begin the new year, we thought it an opportune time to highlight the key compliance deadlines for non-listed small businesses in Singapore. As missing these compliance deadlines comes with hefty late fees and penalties, it is imperative that small business owners take steps to ensure these deadlines are met in a timely manner. In this blog post, we outline the various compliance deadlines from Accounting and Corporate Regulatory Authority of Singapore (“ACRA”) and Inland Revenue Authority of Singapore (“IRAS”) that are applicable to non-listed businesses.

Start-ups face a multitude of challenges, from cash flow difficulties and lack of brand awareness to time management issues and manpower crunch. These challenges are further exacerbated with Covid-19, as consumers tighten their purse strings leading to a sharp decline in market demand and opportunities. In this blog post, we explore how cloud accounting can help start-ups leverage digital technology to stay lean and mean to survive this crisis.

The quarterly filing of GST return can be a tedious and cumbersome process for small business owners without a proper accounting system. As there are heavy fines and penalties if the strict submission deadlines are missed, it is imperative that small business owners leverage cloud accounting software which can make GST filing a breeze. In this blog post, we explore the numerous benefits of using Xero to manage your GST filing workflow

The success of every service business very much depends on the timely assessment of the profitability of individual projects. In this blog post, we explore Xero Projects, a project management tool within Xero that helps business owners assess profitability of their projects in real time and make better business decisions.

Most SME owners begin managing their accounts in excel spreadsheets, when transactions are minimal and manual tracking of information is feasible. Over time, most of them begin to realize that their time is better spent growing their businesses instead of performing manual accounting duties. In this blog post, we explore Xero Cashbook and Xero Ledger, two simplified and more affordable versions of Xero’s standard cloud accounting software that can help SME owners reclaim their time and grow their businesses.

One of the frustrations of an SME owner is the administration of expense claims from employees, which could get extremely time-consuming when the process is manual and the volume is high. In this post, we explore Xero Expense, an application within the Xero cloud accounting software, and how it can help you better manage your company spending.

Efficient invoicing and payment collection is without a doubt one of the single-most important aspects of astute business management. The resultant liquidity crisis from the current Covid-19 pandemic has underscored the importance of a robust cash flow position in surviving any unexpected crisis. In this blog post, we explore how small business owners can get paid faster by using cloud accounting to automate and streamline their workflow.