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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Articles and insights.
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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Assessable Income
Assessable income in Singapore refers to the total income earned by an individual or a company that is subject to taxation by the Inland Revenue Authority of Singapore…
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May 9, 2024
All about XBRL Filing in Singapore
Mastering the intricacies of financial reporting, particularly eXtensible Business Reporting Language (XBRL) filing in Singapore, presents a formidable challenge. This blog aims to demystify XBRL filing, offering a…
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May 9, 2024
What is a Tax Identification Number (TIN) in Singapore?
In Singapore, a Tax Identification Number (TIN) is a critical element for managing tax obligations and facilitating financial dealings, existing in various forms for individuals (either Tax Reference…
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April 18, 2024
What is a Nominee Director and how to appoint one for your Singapore Company?
According to Section 145(1) of the Companies Act, there needs to be at least one resident director in a company. Section 145(1) of the Companies Act: Every company…
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