by Willie Tan | Apr 11, 2024 | Glossary
Payroll refers to calculating and disbursing payments to employees of a company or organisation for the work they have performed during a specific period, typically regularly such as weekly, bi-weekly, or monthly. It encompasses various tasks related to employee...
by Willie Tan | Apr 11, 2024 | Glossary
PayNow is a peer-to-peer funds transfer service in Singapore that enables users to send and receive money instantly using their mobile phone numbers or National Registration Identity Card (NRIC) numbers. It was launched by the Association of Banks in Singapore (ABS)...
by Willie Tan | Apr 11, 2024 | Glossary
A Partnership Agreement in Singapore is a legally binding document that outlines the rights, responsibilities, and obligations of the partners in a partnership. It serves as a contract between the partners and helps establish the framework for how the partnership will...
by Willie Tan | Apr 11, 2024 | Glossary
In Singapore, a partnership is a business structure where two or more individuals (partners) come together to carry on a business to profit. There are two main types of partnerships in Singapore: General Partnership (GP): In a general partnership, the partners manage...
by Willie Tan | Apr 11, 2024 | Glossary
Paid-up capital, also known as paid-in capital or contributed capital, refers to the portion of a company’s equity that has been paid for by investors in exchange for shares of stock. It represents the actual funds received by a company from its shareholders in...
by Willie Tan | Apr 11, 2024 | Glossary
An offshore company is a legal entity incorporated or registered in a jurisdiction outside of the company owners’ home country. These jurisdictions, commonly known as offshore financial centres, offer favourable regulatory and tax environments for businesses....
