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)

Revision to the Mosque Building & Mendaki Fund (MBMF) contribution

With effect from 1 March 2009, the new rates payable by Muslim employees every month are shown in the table below. Kindly update your payroll system to reflect the change