As a small business owner in Singapore, you're constantly looking for ways to optimise your finances and fuel growth. One area where you can make a significant difference is in your accounting practices. This can be a major burden for small businesses, especially in their early stages when cash flow is tight. A revenue-based accounting plan offers a more equitable and cost-effective solution. With this approach, you pay for accounting services as a percentage of your revenue and dependent on your stage of business. This means that as your business grows, so does your accounting support… witho ..read more

Concluding a contract with a subsidiary, businessmen often hope to get a lower price, to reduce the costs and to keep the matter of the contract away from the eyes of the state. To prevent that, countries developed a system to control “family business” and internal deals, which is called transfer pricing rules. Let’s see how the transfer pricing influences taxation, how to obey the rules of transfer pricing and what documents to produce. You can also ask for our experienced accountants' help to make sure all your papers are in order and in compliance with all the rules. What is transfer prici ..read more

Business Process Outsourcing (BPO) refers to the practice of contracting specific business functions or processes to third-party service providers and vendors. In today's fast-paced business environment, organisations constantly seek ways to increase efficiency, reduce costs, and stay competitive. One popular solution that has gained widespread popularity is Business Process Outsourcing (BPO), the most popular being outsourcing company secretarial services in Singapore. By entrusting certain non-core business functions to external service providers, companies can focus on their core competenc ..read more

Vesting shares, part of equity compensation, are company shares granted to employees, contingent on their ongoing service and achievement of milestones. As a business owner in Singapore, you're well aware of the importance of attracting and retaining top talent for your company's success. In the competitive landscape of today's business world, it's crucial to have effective tools that align the interests of employees with the long-term growth and prosperity of the company. One such tool that has gained significant traction is the use of vesting shares as an ownership incentive. This article'l ..read more

Mergers and Acquisitions (M&A) involve merging one or more companies for strategic goals and enhancing growth via combining operations and collective resources. In today's fast-paced business landscape, staying ahead of the competition is crucial for sustainable growth. Increasingly, companies are exploring mergers and acquisitions (M&A) as a strategic tool to enhance their market position, expand their product offerings, and drive transformation. M&A transactions involve combining or purchasing existing businesses to harness synergies and create value, often requiring careful del ..read more

Lease accounting involves recording and reporting leased assets and liabilities in financial statements for accurate financial transparency and management. Leasing has become a fundamental aspect of business operations, offering flexibility and access to valuable assets without needing upfront purchases. However, with the introduction of new lease accounting standards, entrepreneurs in Singapore need to be well-versed in lease reporting to ensure accurate financial statements and compliance. In this article, we'll delve into the intricacies of lease accounting and its impact on financial repo ..read more

A tax exemption for new startups refers to a financial incentive governments provide to encourage and support the growth of businesses in their early stages. Singapore has gained recognition as a thriving startup hub, fostering innovation and entrepreneurial spirit. To further encourage the growth of new businesses, the Singaporean government offers attractive financial incentives, including tax exemptions, to qualifying startups. Navigating these incentives requires a comprehensive understanding of the qualifying criteria, application process, benefits, compliance obligations, and potential ..read more

Intellectual Property (IP) plays a pivotal role in fostering creativity and innovation in Singapore. By protecting the rights of creators and inventors, IP laws encourage investment in research and development, propelling economic growth and technological advancements. IP not only encompasses the rights to one's creations but also legal safeguards in other areas such as public liability insurance. Intellectual property (IP) can be categorised into various types such as copyrights, and refer to man-made creations that have value and are protected by law. In this article, we delve into the vari ..read more

In Singapore, contract law plays a crucial role in ensuring that legal agreements are valid, enforceable, and protect the rights of all parties involved. Understanding the key elements of contract law is essential for individuals, businesses, and organisations operating within the city-state. For a more detailed understanding of the employment laws, check out the employment act. In this article, we will delve into the various aspects of contract law in Singapore, examining its formation, enforceability, breach, and resolution. Skip to: Key Elements of a Contract Law in Singapore Formation an ..read more

Do you frequently travel for business purposes to the Asia-Pacific region? If you're not holding a Singapore employment pass, navigating the world of business travel within the Asia-Pacific region can be tedious, especially when dealing with multiple visas. The APEC Card in Singapore is a document designed to facilitate business travel for activities within the Asia-Pacific Economic Cooperation (APEC) region. APEC Business Travel Card Singapore offers a powerful solution for business professionals, acting as a bridge to smoother travel experiences. Skip to: Eligibility and Application Proces ..read more