A Practical Guide to Launching Your Online Business in Singapore Ecommerce is one of the fastest-growing industries in the world, and Singapore is no exception. The city-state has established itself as a thriving hub for online businesses, thanks to its robust digital infrastructure, tech-savvy population, and supportive government policies. However, starting an online business in…
Update on BizFile+ – Extension of Filing Time and No Imposition of Filing Penalties ACRA will be extending the time to file AR, Annual Declarations, Business Registration Renewals and any statutorily required filings which are due between 26 Dec 15 to 31 Jan 16, to 2 Feb 16. For more information, please view Update on…
Why you should get an Accredited Accountant for your business Do you own a small but growing business the financial challenges of which are getting too much to handle? Then you need a second pair of hands in the form of an accredited accountant on staff who can handle those numbers, giving you time to…
Dear Reader, Welcome to our E-Newsletter January 2016 We are glad to present you our final newsletter for 2015. It has been an eventful year as since the beginning of this year, the economic environment continues to be challenging, both domestic and worldwide. Despite such a challenging environment, we have continued to do our best…
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 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 preparers on some of the areas of potential misstatements…
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,…
