by Willie Tan | Apr 5, 2024 | Glossary
Income tax is a tax imposed by governments on the income earned by individuals, businesses, or other entities within their jurisdiction. It is one of the primary sources of revenue for governments and is used to fund public services, infrastructure, and government...
by Willie Tan | Apr 5, 2024 | Glossary
Goods and Services Tax (GST) is a value-added tax levied on the sale of goods and services at each stage of production and distribution. It is a consumption tax borne by the end consumer. Here are some key features of GST: Multi-stage Tax: GST is applied at each stage...
by Willie Tan | Apr 5, 2024 | Glossary
A hedge fund is an investment fund that pools capital from accredited investors or institutional investors and invests it in a wide range of assets and strategies to generate positive returns regardless of market conditions. Hedge funds are typically managed by...
by Willie Tan | Apr 5, 2024 | Glossary
Fund accounting is a specialised form of accounting primarily used by nonprofit organizations, government agencies, and certain types of businesses, such as investment funds or mutual funds, to track and manage financial resources that are restricted or designated for...
by Willie Tan | Apr 5, 2024 | Glossary
Form C-S Lite was introduced as a simplified tax filing option for smaller companies in Singapore. It is part of the Inland Revenue Authority of Singapore’s (IRAS) efforts to streamline the tax filing process and reduce compliance burdens for eligible companies....
by Willie Tan | Apr 5, 2024 | Glossary
Form C-S and Form C are tax forms used in Singapore for corporate income tax returns. These forms are submitted annually to the Inland Revenue Authority of Singapore (IRAS) by companies registered and operating in Singapore. Form C-S (Simplified Tax Return): Form C-S...
by Willie Tan | Apr 5, 2024 | Glossary
Form 45B, also known as “Consent to Act as Corporate Secretary,” is a document used in corporate governance when appointing or nominating an individual to serve as the corporate secretary of a company. The corporate secretary plays a crucial role in...
by Willie Tan | Apr 5, 2024 | Glossary
Form 45, also known as “Consent to Act as a Director and Statement of Non-Disqualification,” is used in Singapore for appointing a director for a company. This form serves as a declaration by the individual consenting to act as a director and confirming...
by Willie Tan | Apr 4, 2024 | Glossary
Forecasting is a method or process of making predictions or estimates about future events, trends, or outcomes based on past and present data, patterns, and analysis. It involves using various techniques and methodologies to anticipate what may happen in the future...
by Willie Tan | Apr 4, 2024 | Glossary
An exempt private company, often abbreviated as EPC, is a privately held company exempt from certain regulatory requirements that typically apply to public companies. The criteria for qualifying as an exempt private company can vary depending on the jurisdiction, but...
