by Willie Tan | Jan 13, 2025 | Bookkeeping, News
Incentive payments play a crucial role in motivating employees, driving performance, and achieving business goals. For small business owners in Singapore, understanding how to properly account for these payments is essential to ensure compliance with local regulations...
by Willie Tan | Jan 13, 2025 | Growing Your Company
Singapore’s financial sector is a dynamic hub of innovation and growth, and at its heart is the Financial Sector Development Fund (FSDF). This government initiative is a goldmine of opportunities for businesses looking to expand, innovate, and thrive in this...
by Willie Tan | Nov 1, 2024 | News
Financial hubs in Asia and other regions are expected to see a rise in wealthy newcomers as recent UK tax rule changes prompt significant outflows of high-net-worth individuals. On October 30, the UK government announced tighter tax policies on non-domiciled wealth,...
by Willie Tan | Nov 1, 2024 | News, Tax
As outlined in Budget 2024, the government has introduced measures to help businesses manage rising expenses. For the Year of Assessment (YA) 2024, all companies, whether tax-resident or not, will receive a 50% CIT Rebate on their corporate tax payable. Additionally,...
by Willie Tan | Oct 15, 2024 | Tax
The Inland Revenue Authority of Singapore (IRAS) has introduced a new mandate for GST-registered businesses: the GST InvoiceNow Requirement. This initiative is part of Singapore’s broader push towards digital transformation and aims to streamline tax administration...
