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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

Incorporating in Singapore Singapore is well-known as a top center for economic activities and a key gateway for businesses looking to expand into other ASEAN cities. Its stable politics, flexible immigration rules, and advanced technology are some of the benefits of starting a business there. According to the World Bank’s

Let’s explore how accountants can leverage AI to provide better services and value to their clients by using sing AI with Xero to improve your accounting practice. What is Artificial Intelligence (AI) in Accounting? Artificial intelligence (AI) is a set of technologies that mimic human thinking to perform tasks. It includes: Machine learning:Software

Minimum Requirements for Starting A Company in Singapore Before starting a company in Singapore, business owners need to meet the minimum requirements for incorporation. The process is online and applies to both local and foreign entrepreneurs. The first step is choosing a suitable business structure. A private limited company (Pte

Get up to 50% funding support with the Productivity Solutions Grant (PSG) when you use Xero through an approved PSG vendor. What is the Productivity Solutions Grant? The Productivity Solutions Grant (PSG) is a joint initiative by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore. It helps companies adopt

In Singapore, small and medium businesses play a crucial role in the economy and contribute to its diverse business environment. Understanding this importance, it's essential for these businesses to consider professional accounting services. This article explores why professional accounting services are crucial for small businesses in Singapore. It covers the

The purpose of a corporate secretary is to ensure that your company is in check and compliant with local regulations. Companies which are incorporated in Singapore are required to appoint a company secretary within six months from incorporation. Companies may either choose to hire a full-time secretary or outsource their corporate secretarial services in Singapore. 

Singapore is known as a top financial hub due to its organized tax and accounting systems. Businesses benefit from competitive tax rates and international agreements, while also complying with government policies and standards. Corporate tax Singapore Your company in Singapore will be taxed on income earned within Singapore, which includes:

Xero Asia Awards 2024 We are excited and proud to announce that Clooud Consulting is a finalist for the "Small Accounting Partner of the Year" award at the Xero Asia Awards 2024. First, we want to thank Xero for organizing this amazing event that honors the hard work and achievements

Every business needs a solid financial plan, but keeping track of finances daily can be challenging. Bookkeepers and accountants handle your income, payments, and money owed to you, but you might not have time to review how well your business is doing financially or plan for its future because you're