by The Raffles Corporate Services Editorial Team | Aug 11, 2026 | Grant
When a Singapore SME needs financing, whether to fund day-to-day cash flow, buy equipment, finance a shipment or acquire another company, the Enterprise Financing Scheme (EFS) is usually the first place to look. It is the government’s umbrella loan programme, and its...
by The Raffles Corporate Services Editorial Team | Aug 11, 2026 | Running Your Company
Employers often assume that a spouse or child already living in Singapore on a family pass can simply start work. The rules changed in 2021, and getting this wrong exposes a company to illegal-employment penalties. The Letter of Consent (LOC) is the mechanism that...
by Willie Tan | Aug 11, 2026 | Running Your Company
Introduction Determining the correct approach to inventory accounting is a common challenge for trading and retail businesses in Singapore. Inventory valuation affects profit, tax and GST reporting, and the preparation of financial statements for ACRA and IRAS....
by The Raffles Corporate Services Editorial Team | Aug 10, 2026 | Corp Sec Library, Running Your Company
A charge over a company’s assets is only as good as its validity. Lenders assume their security will hold, but when a company collapses, its liquidator or judicial manager will scrutinise every charge, and creditors left out of pocket may do the same. If a...
by The Raffles Corporate Services Editorial Team | Aug 10, 2026 | Corp Sec Library, Running Your Company
When a company borrows against its assets, lenders protect themselves by taking a charge, a form of security, over those assets. Trouble arises when the same asset is charged to more than one lender, or when a charge holder and another creditor both claim the same...
by Willie Tan | Aug 10, 2026 | Running Your Company
Introduction Many small and medium enterprises (SMEs) in Singapore struggle to set up a proper chart of accounts that meets regulatory needs and supports good management reporting. A clear chart of accounts helps you track revenue, expenses, assets and liabilities—and...
