No Penalties Imposed for Filing Extensions BizFile has been having issues with the system, and the Accounting and Corporate Regulatory Authority (ACRA) is well aware of it. BizFile users have had to be patient for the past week as ACRA works to resolve the system slowness with urgency. ACRA has acknowledged the issue and thanks…
3E Accounting Participates In Singapore Chinese Chamber Of Commerce & Industry (SCCCI) Webinar 3E Accounting participated in the Indonesia segment of Thriving In The Next Future Of ASEAN, a series of webinars organised by the Singapore Chinese Chamber Of Commerce & Industry from 14 to 18 September 2020. The speakers included: Mr Wellian Wiranto –…
New Changes to Take Place From 1 January 2022 The Accounting Standards Council (ASC) Singapore has issued new changes that will begin 1 January 2022. The changes are set to affect the annual reporting periods. The ASC issued Annual Improvements to SFRS(I)s 2018-2020 and Annual Improvements to FRSs 2018-2020. The FRS refers to the Financial…
No Distance Charging Will Be Imposed on Road Users Singapore will be changing to the new Electronic Road Pricing (ERP) system. The change is set to take place halfway through 2023. The ERP system alone will not be changing. The change is only that no more big gantries will be required. The other change is…
New Guideline Pricing to Help Curb Errant Business Practices Businesses in Singapore must abide by a new guideline pricing. This will start from 1 November in a bid to curb errant business practices like misleading advertising. Misleading advertising includes omitting mandatory fees and touting misleading prices. Businesses will have two months to get things in…
3E Accounting Shortlisted for Digital Accountancy Awards 2020 This year’s Digital Accountancy Forum and Awards will be held virtually on 30 September 2020. The event features 10 Corporate Award categories and three Individual Award categories. A member of 3E Accounting’s management has been shortlisted as a finalist in two categories: Young Accountant of the Year…
About the Benefits of Employment Act The benefits of the Employment Act are important when it comes to convincing an employee to do a job. The government of Singapore has enacted major amendments that impact businesses and employees who work for local and foreign companies under an employment contract in Singapore. The amendments are meant…
What Are the Latest Employment Act Updates? The Employment Act updates have changes that took effect April of last year. First, they started to include more employees with a better protection package. Hence, companies have taken note of the changes, mainly on the legislation that governs the employment landscape. An amendment took place in order…
Know When You Can Start Hiring Employees The time will come when you must start hiring employees, but it is crucial for you to know if you are ready to take that step. It can be exciting yet unnerving because you will have questions in your mind. You might wonder if hiring employees will not…
Defining Salary Range for Employees The salary range is what you pay your employees based on their job or function. There are a minimum and maximum pay rate with opportunities for the employees to increase it. The range of salary is based on the market pay rate which was acquired through studies. This is a…
Retain Employees for Better Business Operations There are employees with topnotch talent, and you just want to retain them because of how much they contribute to your company. However, there are situations when your employee decides to leave and this is devastating especially if they are the best. The good thing is that there are…
What it is to Improve Financial Reporting Standards Singapore is a well-known global business hub. From the outset, the forefathers of Singapore have maintained a stable and transparent business environment. They have studied the nation and the world’s financial reporting standards and utilized the state’s potential to gain a competitive advantage. Financial reporting is used…