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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

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