July 1, 2024
Statutory Income
Statutory income is a term used primarily in tax law to refer to income specifically defined by statute as subject to tax. This type of income includes all…
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June 28, 2024
Comptroller of Income Tax
The Comptroller of Income Tax in Singapore is a key official within the Inland Revenue Authority of Singapore (IRAS), responsible for the administration and enforcement of income tax…
Read article ↗3 July 2024 5:00 pm
Company Essentials Workshop (3 July 2024)
Time: 5 PM (Singapore Time) Cost: Free! Join us for an insightful webinar where we will cover key topics essential for businesses operating in Singapore. Our experts will…
Read article ↗May 31, 2024
Branch Office
A branch office in Singapore is a legal structure that allows a foreign company to establish a presence in Singapore. It is essentially an extension of the parent…
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May 15, 2024
Why proper financial reporting is important for your business
Financial reporting stands as a fundamental pillar for ensuring transparent and accountable financial management across organizations. This in-depth exploration aims to uncover the essence of financial reporting, its…
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May 15, 2024
Budgeting for your business
Budgeting serves as a pivotal element in a company’s financial strategy, setting financial objectives and monitoring progress towards these goals. It plays a crucial role in managing finances…
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May 15, 2024
Forecasting for your business
Forecasting leverages historical data and analytical assumptions to project future financial outcomes, serving as a pivotal tool for strategic decision-making. Through the extrapolation of past financial trends, forecasting…
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May 13, 2024
How to retrench employees responsibly and fairly
Retrenchment is the termination of permanent employees. This is usually because of redundancy or a reorganisation of the company or business. When we speak of the term retrenchment…
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May 13, 2024
Deductions
Deductions, in the context of taxation, refer to specific expenses or allowances that can be subtracted from an individual’s or a company’s assessable income to arrive at their…
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May 13, 2024
Chargeable Income
Chargeable income (CI) is the portion of income that is subject to tax in Singapore after allowable deductions, reliefs, and exemptions are applied. In the Singapore tax system,…
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