The knowledge to move forward.
Category: Accounting

October 15, 2026
Singapore IRAS Voluntary Disclosure Programme (VDP) 2026 - how to disclose tax errors before audit, reduced penalty rates for corporate tax, GST, WHT and stamp duty.
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October 15, 2026
If an invoice for one VCC sub-fund is paid from another’s account, preserve the payment records and investigate promptly. Do not assume an internal journal alone resolves the…
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October 15, 2026
When an overseas customer returns goods, reconcile the refund with the actual stock movement and original sale. A refund confirmation does not prove the goods were received or…
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October 15, 2026
If marketplace sales exceed the amount received in the bank, build a reconciliation rather than recording the payout as the whole sales total. Fees, refunds, withheld amounts and…
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October 15, 2026
If a Singapore-based employee is paid from overseas, establish the actual employer, work location and employee status before deciding the CPF position. The country of the bank payment…
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October 15, 2026
If unpaid leave is entered after salary has been calculated, review the leave evidence and actual work schedule before adjusting pay. A late administrative entry should not be…
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