by Willie Tan | Aug 23, 2024 | Running Your Company
In today’s digital age, data is one of the company’s most valuable assets. Whether it’s customer information, financial records, intellectual property, or operational data, the integrity and confidentiality of this information are paramount to maintaining a...
by Willie Tan | Aug 22, 2024 | Tax
Dutiable documents for share transfers encompass both physical and electronic formats: Share Transfer Contracts and Instruments These documents, executed upon share acquisition, incur Stamp Duty based on the higher of the actual price or net asset value....
by Willie Tan | Aug 20, 2024 | Running Your Company
Employers need to be aware of their Central Provident Fund (CPF) contribution obligations across various components of employee remuneration. As a general rule, CPF contributions are mandatory for all cash-based compensation directly related to work performance. This...
by Willie Tan | Aug 14, 2024 | Running Your Company
The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has entered into a Memorandum of Understanding (MoU) to collaborate on quantum security initiatives. The partnership aims to explore the application of Quantum Key...
by Willie Tan | Aug 5, 2024 | Bookkeeping
Under Singapore Financial Reporting Standards (SFRS), specifically SFRS 15 “Revenue from Contracts with Customers,” non-refundable upfront fees are generally not recognised as revenue when received. Instead, these fees are considered part of the total...
