The task of updating of accounts consumes a high level of energy, time and resources. It becomes more chaotic and challenging when it comes to fulfilling the statutory obligations of the authority such as ACRA (Accounting & Corporate Regulatory Authority). ACRA administers the Accountants Act. A novice person seldom understands the ins and outs of…
Many small business owners tend to perceive outsourcing of accounting & bookkeeping services Singapore to be a thing of luxury. They often feel that only big businesses can afford to hire the third-party services. But this typical mindset has been changed with the advances in the technologies. Now, more and more small businesses are leveraging…
Goods and Services Tax (GST) in Singapore is an indirect tax, and it is similar to Value Added Tax (VAT) in many other countries. It was first enforced in 1994 in Singapore under the GST Act (it has been modeled on the UK VAT legislation and New Zealand GST legislation). The Singapore tax authority i.e….
