Running a business in Singapore can feel like juggling a million things at once. But when compliance issues slip through the cracks, it’s not just a missed ball—it’s a dropped grenade! Don’t let simple mistakes cost you big. Here are…
Running a business in Singapore comes with many responsibilities, including corporate compliance, tax filings, bookkeeping, and financial reporting. Keeping up with changing regulations can be time-consuming and complex. That’s why many businesses are turning to professional service providers to handle…
In today’s dynamic business environment, managing your company’s compliance and financial obligations can be challenging. Whether you’re a budding entrepreneur or an established business owner, having a reliable partner for accounting, tax, and corporate secretarial services is essential for sustained…
The Accounting and Corporate Regulatory Authority (ACRA) has launched its revamped Bizfile portal on 9 December 2024, setting a new standard for business filing in Singapore. This upgraded platform is designed to provide a more intuitive, efficient, and secure experience…
Starting 1 January 2025, Singapore’s Central Provident Fund (CPF) contribution rates will undergo significant revisions. These changes are designed to strengthen retirement adequacy and align with the nation’s long-term social security goals. Here’s everything you need to know to stay…
Singapore is being recognized as a business’ hub around the world, making it an APAC HQ for many foreign companies. Apart from that, Singapore also has a reputation to help businesses to scale domestically and globally. Furthermore, the country offers…
Extension of Filing Due Date due to intermittent disruptions in ACRA Bizfile+ Portal. For the past few weeks, Bizfile+ users experienced a slow and unresponsive system while trying to file the transactions with ACRA. This has caused inconvenience and disruptions…
Facts about a Dormant Company The main purpose of setting up a company is to do business and make a profit out of it. However, some company are formed and subsequently becomes dormant. A Dormant Company is inactive and does…
MOM impose tougher restriction for Work Pass requirements despite economic uncertainty. The Ministry of Manpower (MOM) regularly adjust the criteria for work pass eligibility so as to support employment opportunities for the local workforce. Increment of minimum salary for EP…
Ministry of Manpower (MOM) set to raise salary criteria for Employment Pass (EP) and S Pass holder. In the ministry’s addendum to the president’s address, the Manpower Minister Josephine Teo highlighted that there is “more slack” in the labour market…