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In Singapore, all companies must appoint a company secretary within six months of incorporation to avoid financial penalties. The company secretary plays a key role in ensuring legal and regulatory compliance, supporting good corporate governance, and maintaining clear communication within the business. This article gives a simple overview of the

In today’s competitive world, outsourcing has become a key strategy for many companies, helping them grow by delegating tasks like IT and accounting to external experts. One important role gaining popularity is the outsourced Chief Financial Officer (CFO), especially in Singapore’s fast-paced business environment. This guide explains the key benefits

Small and Medium Enterprises (SMEs) make up 99% of all businesses in Singapore, forming the backbone of the country's economy. For these businesses to succeed, entrepreneurs must stay focused on running their operations. A key step to success is keeping business finances well-organized. If you’re a small business owner juggling

Understanding SME Grants in Singapore: A Guide for Small Businesses SME grants in Singapore are financial aids provided to small and medium-sized enterprises (SMEs) to support their growth. These grants are typically offered by the government, corporations, foundations, or trusts and help businesses with expenses such as purchasing equipment, hiring

How to Migrate from Quickbooks and MYOB to Xero Accounting Software Switching to Xero accounting software from QuickBooks or MYOB can streamline your financial management with its user-friendly interface and powerful features. Whether you are a small business or a large enterprise, migrating to Xero offers improved automation, real-time insights,

Your small business thrives on generating profit, and achieving that requires effective management of your finances and cash flow. Managing your finances is key The first few years of a new business are critical for its success, with many challenges to face and lessons to learn. Poor cash flow and

Cash flow is the lifeblood of any business, yet many companies in Singapore struggle to maintain a steady financial position due to delayed payments, high operational costs, and a lack of real-time financial visibility. Poor cash flow management can lead to difficulty in paying suppliers, employee salaries, and even business

Charities Accounting in Singapore Singapore’s accounting standards are shaped by its unique economy and regulations. As a global financial hub with various industries, these standards focus on being transparent, building investor trust, and aligning with global practices. Unlike some countries that follow strict rules or cultural norms, Singapore uses a

Paying taxes might not be fun, but it’s an essential part of life. Tax season is a time to review earnings, expenses, and reflect on how taxes were used over the past year. For employees, it’s about receiving paychecks and paying taxes. For employers, it’s about reporting employee earnings and

Corporate Tax Planning in Singapore In the business world, the saying "a penny saved is a penny earned" holds true, especially when it comes to corporate tax in Singapore. This blog simplifies the complexities of Singapore's corporate tax system and explores how it plays a key role in business planning.