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...
by Willie Tan | Mar 22, 2024 | Glossary
Articles of Association serve as the internal rulebook for the company, guiding its governance structure, decision-making processes, and relationships between shareholders, directors, and other stakeholders. They provide clarity and certainty in the management of the...
by Willie Tan | Mar 22, 2024 | Glossary
An apostille is a certification or authentication of a document’s validity, often used for international legal purposes. It is a form of authentication recognised by countries that are parties to the Hague Convention Abolishing the Requirement of Legalisation...
by Willie Tan | Mar 22, 2024 | Glossary
Bizfile is an online portal or platform provided by the Singapore government agency for businesses to access various services related to business registration, compliance, and corporate governance. Key features and services typically available on Bizfile...
by Willie Tan | Mar 22, 2024 | Glossary
The Business Grants Portal is an online platform provided by Singapore government agencies to facilitate access to various grants and funding opportunities available to businesses. These grants are often aimed at supporting businesses in areas such as innovation,...
by Willie Tan | Mar 22, 2024 | Glossary
Singapore offers several types of visas for individuals visiting the country for business purposes. The most common type of business visa for short-term stays is the Business Visit Visa (B-1 Visa). Here’s an overview of the Business Visit Visa for Singapore:...
by Willie Tan | Mar 22, 2024 | Glossary
A business profile is a comprehensive overview of a company that provides key information about its operations, products or services, history, mission, vision, values, and other relevant details. It serves as a snapshot of the company’s identity and helps...
