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In recent years, the accounting industry in Singapore and worldwide has undergone major changes, mainly due to advancements in artificial intelligence (AI) and automation technologies. As these tools become more common in accounting, they promise to significantly change how accountants do their work and provide value. While businesses are slowly

From crafting engaging new-hire orientations and continuous learning programs to setting specific performance goals for employees, payroll is a crucial part of any HR department’s success.  For many companies, payroll is a recurring task that needs to be handled with complete accuracy, timeliness, and detailed reporting every month or week.

In today’s fast-changing business world, flexibility and innovation are key to success and growth. Employment Hero is leading this change, offering complete HR and payroll solutions designed specifically for Southeast Asian businesses. Let's see the initiatives are set to transform HR and payroll in the region. Supporting SMEs through the

Small Business Accounting in Singapore Small and Medium Enterprises (SMEs) account for 99% of all businesses in Singapore, and these companies, founded by hardworking entrepreneurs, are essential to the country's economy. To succeed, it's important for them to focus on running their business effectively. One of the first steps to

GST Registration in Singapore Do you need to register for GST if your business is in Singapore? What are the advantages of being GST-registered? Our easy-to-understand guide covers the basics of GST registration, including the S$1 million taxable turnover threshold and the benefits of being a GST-registered business. This will

What is ACRA and IRAS? Singapore is well-known as a top business destination, thanks to its strong economy and attractive tax benefits. Because of this, many business owners and investors see it as a great place to set up a business. If you’re thinking about starting a physical or online

All companies registered in Singapore must appoint a company secretary who is a resident of Singapore. If the company has only one director, that person cannot also be the company secretary. However, if there are multiple directors, one of them can serve as the company secretary. Although the Singapore Companies

Non-profit charities are organizations that exist to help the public. They are created solely for charitable purposes and usually get their funding from donations, either from individuals or businesses. The money they receive is used for activities that help those in need, as well as for their everyday operations. Because

What is InvoiceNow? InvoiceNow lets you send invoices directly from one financial system to another in a structured digital format through the Nationwide E-delivery network, based on Peppol. This enables automation, making invoicing smoother and speeding up payments. Both small businesses and large companies can benefit from faster invoice processing

The difference between bookkeeping and accounting is similar to the difference between a nurse and a doctor. Both bookkeepers and accountants work towards the same goals, and while their tasks can overlap, they have different responsibilities. To someone unfamiliar with the field, bookkeeping and accounting might seem like the same