Financial Consulting Service in Singapore

Financial Consulting Service in Singapore

Our experienced accountants in Singapore provide a wide range of financial services, being entirely committed to act in the higher interest of businesses which operate in the city-state. When performing accounting and financial consulting services in Singapore, there are different stages and steps to be followed. We fully comprehend the…
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Labor Market in Singapore

Labor Market in Singapore

Singapore is one of the most developed economies in Asia, hence there is a labor market which is open to expatriates, with thousands of positions available in different industries. In September 2013, the unemployment rate in Singapore was of approximately 1.8%, obviously smaller than that of North American or European…
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Credit System in Singapore

Credit System in Singapore

The credit system represents the relationship between a natural or legal person who offers the loan and the person who receives it. Furthermore, the credit system in Singapore is defined by credits provided by banks and non-banking institutions to private or legal persons. If you are an entrepreneur looking for financing in order…
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Insolvency Law in Singapore

Insolvency Law in Singapore

Insolvency generally defines the incapacity of a legal entity to pay its debts. When a company cannot pay its dues, its creditors can declare it insolvent through a court. The court usually appoints an officer which evaluates the situation of the company, resulting in either a restructuring of the business or…
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Fiduciary Services in Singapore

Fiduciary Services in Singapore

The fiduciary services in Singapore involve legally assigning a third party to hold assets in trust for another organization. The responsibility of the assigned fiduciary party is to manage the assets for the benefit of the owner. Fiduciary services are an important aspect of our accounting facilities in Singapore.  Fiduciary…
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Accounting Standards in Singapore

Accounting Standards in Singapore

The accounting standards in Singapore are named the Financial Reporting Standards. The Singapore Financial Reporting Standards (SFRS) are issued by the Accounting Standards Council (ASC). All businesses with financial periods beginning after January 1, 2003 have to abide by the SFRS. Table of ContentsFinancial statements in SingaporeRequirements of the accounting standards in…
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Employment Contract in Singapore

Employment Contract in Singapore

The association between an employer and employee is mostly regulated by the employment contract in Singapore between the two parties. Commonly, according to the legislation in this country, the two of them are free to contract upon their own choice and any problems coming up between them would have to…
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Frequently Asked Questions

Frequently Asked Questions

Some of the most frequently asked questions on accounting matters in Singapore that we have come across from our clients are as listed below. 1.    Which are the tax authorities in Singapore? The main tax authority in Singapore is the Inland Revenue Authority of Singapore (IRAS). It is responsible for collecting taxes…
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Taxation for Foreign Investors in Singapore

Taxation for Foreign Investors in Singapore

When it comes to taxation for foreign investors in Singapore, it is important to note that personal taxation in this country is moderate and progressive. Resident persons who gain employment income commonly are granted earned income relief in different amounts. Furthermore, there are quite a few other types of tax reliefs.…
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Reporting Requirements in Singapore

Reporting Requirements in Singapore

Based on the financial activities of a company during the financial year, the yearly financial accounts have to be prepared in compliance with the Financial Reporting Standards of Singapore. In case the company has numerous accounting transactions monthly, it is recommended that monthly bookkeeping  is performed in order to maintain…
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