2020 Tax Changes in Singapore to Look Forward to On February 18th, 2020, Heng Swee Keat, the Finance minister of Singapore as well as the Deputy Prime Minister of the country, presented the Singapore Budget for 2020 with the perspective of the continuing COVID-19 epidemic, along with environmental instability. In this respect, 2020 tax changes…
Only When Disrupted, Businesses Are Forced to Adapt or Risk Falling Through Disruptions, while heavily focused, will definitely throw your balance off. For those who can adapt, will weather the interruption and come out stronger. The same concept applies when conducting business. In each era, there is an industrial revolution that makes businesses thrive for…
TODAY Online: Businesses welcome Singaporeans First call by MPs TODAY Online featured perspectives from 3E Accounting’s management, together with the views of other business owners, on calls by several Members of Parliament (MPs) to prioritise Singaporeans in hiring. Support for ‘Singaporeans First’ Call Speaking to TODAY, 3E Accounting Founder highlighted that leading global…
Is There an Increased Opportunity to Evade Personal Tax Through Corporatization? The upward revisions for personal tax were made on 23rd February 2015. These changes were subject to the top marginal income tax rate in the jubilee budget of Singapore. This announcement not only surprised the wealthy class Singaporeans, but the middle class and low-earning…
Knowing Tax Rates in ASEAN Countries for Potential Business Expansion It is vital to understand the tax structures in the country you invest in for running a business profitably. Each nation has a tax structure that is based on factors specific to that country. If you are planning to start a company in more than…
New Lodging Requirements as of 30 July 2020 Companies in Singapore will have a new responsibility in addition to the requirement of keeping a Register of Registrable Controllers (RORC). They must now lodge the RORC information with ACRA’s central RORC too. ACRA (Accounting and Corporate Regulatory Authority) needs this to be done by 29 September…
Opening a Bank Account is as Easy as Scanning Your Face Facial scans will be the new way of opening a bank account in Singapore. This service will be known as the SingPass Face Verification. It is a new safe and secure online banking way that was launched on 30 July 2020. It was launched…
Thinking About Getting New Accounting Software? Here’s What You Need to Consider The right accounting software can make a world of difference to your business. Before you make your selection, there are several things you should consider. Before You Buy, Have You Thought About the Following? You need to put in some careful thought…
Top 5 Soft Skills That Everyone Must Possess There are things other than just expertise in your field to be successful. You could be a scientific genius or a master in your skill and still be far from succeeding if you lack soft skills. As per the survey conducted by the National Association of Colleges…
Qualities of a Great Boss You Need to Possess If you ask people how to be a great boss, not everyone has answers to it. But they might tell you a story about their counter with a bad one. There are several horrible bosses out there in the corporate world, degrading employees in front of…
Know How Government is Planning to Overcome Singapore Recession Tourism and international trade are the two crucial factors that directly impact the economy of any nation. Due to the COVID-19 pandemic, these two factors are profoundly affected in Singapore as its economy is also suffering. The outbreak urged several states to cut their entire year…
An Essential Guide Explaining the Accounts Payable Process Accounts payable refers to the money that a company owes to its creditors. In other words, it means creating an account of the things that your firm has bought in credit, but hasn’t yet paid for. Once you pay the money, the account payable is debited. In…