by Willie Tan | Mar 22, 2024 | Glossary
The company constitution, also known as the articles of association or bylaws, is a legal document that outlines the rules, regulations, and internal governance structure of a company. It governs the relationships and interactions between the company, its...
by Willie Tan | Mar 22, 2024 | Glossary
The Common Reporting Standard (CRS) is a global standard for the automatic exchange of financial account information between tax authorities of different countries. It was developed by the Organisation for Economic Co-operation and Development (OECD) in response to...
by Willie Tan | Mar 22, 2024 | Glossary
Financial statements are formal records of the financial activities and position of a business, person, or other entity. They provide a summary of a company’s financial performance over a specific period, typically a fiscal quarter or year. The three main types...
by Willie Tan | Mar 22, 2024 | Glossary
This statement shows the company’s revenues and expenses over a specific period. It starts with the company’s revenues, subtracts its expenses, and calculates the net income or loss. The income statement provides insights into the profitability of the...
by Willie Tan | Mar 22, 2024 | Glossary
The Auto-Inclusion Scheme (AIS) is a program run by the Inland Revenue Authority of Singapore (IRAS) to streamline tax filing for both employers and employees. Here’s how it works: Employers submit their employees’ employment income information...
by Willie Tan | Mar 22, 2024 | Glossary
This statement tracks the cash inflows and outflows from operating, investing, and financing activities over a specific period. It shows how changes in balance sheet accounts and income affect cash and cash equivalents. The cash flow statement helps investors and...
