Making Sense of GST

Most GST registered businesses file their GST returns quarterly. Even if the business does not have any transactions during the accounting period, a nil return must be filed. You should generally report the business’ taxable supplies, exempt supplies, taxable purchases, imports, output tax, input tax and revenue in your GST return.

Reduce tax invoice mistakes with cloud accounting

Find out what are common errors when GST-registered businesses prepare tax invoices and how cloud accounting software can help reduce errors and improve compliance.

Singapore Tax Considerations for Expatriates

For the third year in a row, Singapore was crowned the world’s best expat destination1 in 2017. Surprisingly, it is neither the place where expats draw the highest salaries, nor a place where the cost of living is low. The reasons behind the attractiveness of Singapore as an expat destination are far and wide, with the most common reasons being that it is English-speaking, clean, well-developed, safe and has a good environment for family development.

Financial year end checklist for small business owners

Most business owners choose the end of the calendar year (31 December) as their financial year end (“FYE”) for simplicity and convenience. Regardless of the FYE, there are two requisites to fulfil before business owners can meet the annual compulsory filing requirements of the Accounting and Corporate Regulatory Authority (“ACRA”) and the Inland Revenue Authority of Singapore (“IRAS”).

Key advantages of leveraging cloud accounting

Companies worldwide are increasingly embracing cloud accounting because it offers the key advantages of reducing costs, supporting business continuity, and improving efficiency, data security, financial management and collaboration.

Guide to Audit Exemption

New Criteria for Audit Exemption (w.e.f. 1 July 2015)