Importance of Soft Skills in Business

Tax Avoidance and Tax Evasion

Most entrepreneurs do not fancy paying taxes although paying taxes is the mandatory responsibility of all income maker under the legislation in Singapore. “Tax avoidance” are usually used in a way “tax evasion” does in the business circle (especially by those does not have tax background), they are of highly distinctive in nature. If you Read More

Importance of Soft Skills in Business

A Short Guide to Corporate Taxing in Singapore

Singapore is a clean and safe city offering quality lifestyle. Singapore’s leading appeal for businesses is its attractive tax systems for both individuals and corporate entities, and it is one of the leading international financial centres in the region. Incorporating a company into Singapore can provide a tax efficient corporate structure conducive to conducting international Read More

Importance of Soft Skills in Business

How Accounting Services Reduces Your Risk of Being Audited by IRAS

The worry that comes with an audit can be a serious concern. Such an investigation of financial accounts can be threatening and could result in substantial penalties depending on what might come about. Audits typically occur when critical mistakes have been made on your financial reports. They may also occur if you fail to provide the Read More

Importance of Soft Skills in Business

All You Need To Know About Goods and Services Tax in Accounting

Goods and Services Tax (GST) accounting is basic accounting that involves liabilities accounts like GST payable, cash and sales revenue, assets, and income. Note that current liability account is used to record the output tax collected. GST accounts and accounts payable are both current liability accounts. The difference is that account payable accounts for invoices Read More

Importance of Soft Skills in Business

Corporate Taxation in Singapore

Singapore is highly regarded for its taxation system. Its various tax incentives and competitive tax rates continue to impress and attract foreign investments (Also see Foreigners’ guide to starting a business in Singapore). As a result, its commercial industry propels the country as a global investment hub. Take a look at Singapore’s taxation system. Competitive Read More