by The Raffles Corporate Services Editorial Team | Jul 24, 2026 | Accounting, Running Your Company
Most small Singapore companies do not need an audit, but every company still needs to prepare proper financial statements. That is where unaudited financial statements and the compilation report come in. They are the standard way an exempt private company presents its...
by The Raffles Corporate Services Editorial Team | Jul 12, 2026 | Accounting, Corp Sec Library, Running Your Company
For most Singapore private companies, the annual statutory audit is the single largest recurring compliance cost. It is also, for a large slice of the SME landscape, entirely optional. Since 2015, Singapore has operated a “Small Company” audit exemption...
by The Raffles Corporate Services Editorial Team | Jul 4, 2026 | Accounting, Corp Sec Library, Running Your Company
Payroll in Singapore looks simple on paper — a single national social-security scheme (CPF), a well-documented set of statutory contributions, and a mature tax-reporting infrastructure — but employers routinely trip up on the details. Wrong CPF ceilings, missed IR8A...
by The Raffles Corporate Services Editorial Team | Jul 3, 2026 | Accounting, Bookkeeping
Every Singapore private limited company needs a Chart of Accounts — the master list of ledger accounts that the bookkeeper posts every transaction against. A good chart of accounts makes tax filing simpler, makes management reporting faster, and makes it easier...
by The Raffles Corporate Services Editorial Team | Jul 2, 2026 | Accounting, Corp Sec Library, Running Your Company
XBRL — eXtensible Business Reporting Language — is the machine-readable format ACRA requires most Singapore companies to use when filing their financial statements together with the Annual Return. For directors and finance managers, XBRL is a peculiar...
by The Raffles Corporate Services Editorial Team | Jun 19, 2026 | Accounting, Corp Sec Library, Running Your Company
Running payroll in Singapore is more than calculating gross-to-net. Employers must contribute to the Central Provident Fund (CPF), withhold and remit foreign worker levies where applicable, contribute the Skills Development Levy (SDL), deduct authorised donations, and...
