Changes to CPF Contribution Rates and Wage Ceilings from 1 January 2016 The CPF contribution rates for employees aged above 50 to 65 years will be increased for wages earned from 1 January 2016 to help them save more for their retirement needs. Find out more about the new CPF contribution rates. To keep pace with income…
3E Accounting is immensely grateful and humbled to be able to get listed as One of the Top 30 Accounting Firms in Singapore. We are also featured in Singapore Business Review’s Magazine (The definitive magazine for Singapore’s Business Elite) for January 2016 issue – 3E Accounting banks on efficiency, economy, and effectiveness on the road to success. As…
Highlights of ACRA New Filing Requirements for Companies effective 3 Jan 2016 ACRA has revamp its online business filing and information portal (“BizFile”). The enhanced system, Bizfile+ , will launch on 3 Jan 2016. As announced on 5 Nov 2015, Bizfile will undergo system migration to transition to Bizfile+. You may wish to note that:…
Corporate Tax Filing Season 2015: 3 Filing Mistakes Companies Should Avoid As companies prepare to e-File their income tax returns by 15 Dec 2015 (or 30 Nov 2015 if they paper file), IRAS would like to highlight three common mistakes so that companies can avoid them1. Compliance Reviews and Guides to Help Companies File Correctly…
Financial Reporting Practice Guidance No.2 of 2015 – Areas of Review Focus for FY2015 Financial Statements ACRA has issued Practice Guidance No. 2 of 2015 which highlights the ten areas of review focus under the Financial Reporting Surveillance Programme (FRSP) for FY2015 Financial Statements. The practice guidance serves to guide directors and other financial statements…
Singapore 2016 Budget Statement to be Delivered on 24 March 2016 Minister for Finance, Mr Heng Swee Keat, will deliver Singapore’s FY2016 Budget Statement in Parliament on Thursday, 24 March 2016. Prime Minister Lee Hsien Loong had indicated in September 2015, in conjunction with the announcement of the new Cabinet, that Budget 2016 would be…
Singapore Labour Market Report Third Quarter 2015 by MOM The seasonally adjusted overall unemployment rate in September 2015 remained low at 2.0%. Unemployment rose to 3.0% for residents and 3.1% for citizens amid softer economic conditions. Total employment grew by 12,600 in the third quarter of 2015, down from an increase of 33,400 in the…
In the world of business, payroll can be so intricate. Even to huge companies, Payroll has been one of the most outsourced functions in business. This strategic decision relates to the complexity and ever-changing nature of payroll management that is prone to human error. No matter how small, this error leads to financial deprivation. Thus,…
Singapore is a high-tech, innovative and commercially-geared country, which offers numerous benefits to entrepreneurs and global investors. Once considered a micro-nation, Singapore accumulates great commercial growth factors, which have been accelerated by the government’s promotion of lose control over information economy. Business entrepreneurs with out-of-the-box thinking are thus, not only valued in Singapore, but are…
Singapore has become a business and financial hub in the past few decades. Professionals and entrepreneurs from all over the world prefer Singapore due to its immigration and visa policies, which are designed specifically for attracting the attention of commercial investors and professionals. There are also several immigration visa schemes in Singapore that you can…
In a world where online business opportunities have evolved and become ingrained in commercial practices all over the world, it is inherent to have an official business website. This way, you can stay connected to your clients, partners as well as your customers at all times of the day. Not only that, your website will…
To do business in Singapore is a no-brainer. This year, this wealthy city-state nation has, for the 10th times, topped a ranking of the world’s best places to do business according to World Bank’s annual “Doing Business” report. The report measures the ease of doing business in 189 economies based on 10 areas of business…