Taxation

How to Ensure You Are Meeting Regulatory Compliance

How to Ensure You Are Meeting Regulatory Compliance One of an entrepreneur’s worst nightmares is locking horns with regulatory agencies. It is not only draining to business activity but also causes anxiety amongst staff and dampens the spirits of entrepreneurs. However, regulations are there to ensure fairness and cohesiveness. A successful business is not only …

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Tax Laws in Singapore All Expats Should Know About

Tax Laws in Singapore All Expats Should Know About Singapore is one of the economic and financial hubs of the world and understandably a popular destination for expatriates. There’s definitely a lot to enjoy living in Singapore, from the modern lifestyle, numerous attractions, low crime rate and warm weather. However, there is a complex system …

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Singapore’s Corporate Tax Benefits Every Company in Singapore Should Know

Singapore’s Corporate Tax Benefits Every Company in Singapore Should Know Singapore’s lower tax rates and incentives have always been big draws to different entrepreneurs around the globe, to set up their offices in Singapore and avail the corporate tax benefits on offer. There is a flat corporate tax rate of 17% on incomes above $300,000. …

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A Short Guide to Corporate Taxing in Singapore

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 …

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How Accounting Services Reduces Your Risk of Being Audited by IRAS

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 …

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

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 …

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