On-going Recycling Initiatives from December 2016

On-going Recycling Initiatives from December 2016

On-going Recycling Initiatives from December 2016 3E Accounting understands the importance of recycling and is dedicated to helping the environment by establishing an on-going office recycling program where recyclable items are being sorted out accordingly and sent for recycling. Apart from that, 3E Accounting also conducted a training program to educate and raise awareness about…

Enhance the Progressive Wage Model

Government Accepts Recommendations to Enhance the Progressive Wage Model for Cleaning Sector

Government Accepts Recommendations to Enhance the Progressive Wage Model for Cleaning Sector The Government has considered and accepted the recommendations contained in the report of the Tripartite Cluster for Cleaners (TCC) dated December 2016 on the enhancements to the Progressive Wage Model (PWM) for the cleaning sector, which was released today. The PWM enhancements will…

Financial Reporting Practice Guidance

Financial Reporting Practice Guidance No. 1 of 2016 – Areas of Review Focus for FY2016 Financial Statements

Financial Reporting Practice Guidance No. 1 of 2016 – Areas of Review Focus for FY2016 Financial Statements ACRA issues Financial Reporting Practice Guidance No. 1 of 2016 on 8 December 2016. In 2016, weak market sentiments and continued slow-growth in the global environment have affected many Singapore companies. This Practice Guidance highlights seven financial reporting…

Update shareholder information with ACRA

Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017)

Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017) ACRA had previously informed the Companies that following legislative changes in the Companies (Amendment) Act 2014, private companies are required to update shareholder information to facilitate ACRA’s maintenance of electronic Registers of Members…

Setting Up an Offshore Company in Singapore

Setting Up an Offshore Company in Singapore

Setting Up an Offshore Company in Singapore An offshore company is a company that incorporated in a jurisdiction other than the jurisdiction that constitutes its main place of operations or where the company’s principal investors reside. In other words, offshore simply means a jurisdiction other than your own. Some of the advantages when incorporating an…

Filing Annual Returns with ACRA

Filing Annual Returns with ACRA

Filing Annual Returns with ACRA All Singapore company incorporated are required to hold their Annual General Meeting (AGM) and file Annual Returns under S175, S197 and S201 of the Companies Act. Directors shall present the true and fair view of the company’s account to their shareholders at the AGM. For the Annual General Meeting (AGM),…

Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme

Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme

Central Provident Fund (CPF), the Comprehensive Social Security Savings Scheme Assurance in old ages includes three key considerations that are healthcare, retirement and housing. The Central Provident Fund or also known as CPF, is the key pillar of the Singapore’s comprehensive social system that enables working Singapore Citizens and Permanent Residents to set aside funds…

3E Accounting Newsletter

E-Newsletter December 2016

Dear Reader, Welcome to our E-Newsletter December 2016 Merry Christmas and Happy Holiday! We are glad to present you our newsletter for December. What’s new and exciting this month? Ready to Support In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest…