If You Have Been in the Sole Proprietorship Company for Some Time, Why Not Convert Sole Proprietorship Into Private Limited for the Better When the urge to start business surfaces, an entrepreneur would commonly begin with a small business enterprise. This business enterprise would consist of a sole proprietor. It is common for businesses to…
Study on Working with Freelance Media Professionals – Conducted by SAMPP 3E Accounting participated in a study conducted by the Singapore Association of Motion Picture Professionals (SAMPP) and supported by the Info-communications Media Development Authority of Singapore (IMDA) to develop a code of conduct for Freelance Media Professionals in Singapore. Part of this study involved…
Budget 2020 Speech to Be Delivered in Singapore 18 February The Budget is Set to Tackle Immediate and Long-term Issues Singapore’s Finance Minister is set to deliver the annual speech for this year – the Budget 2020 speech – on 18 February. The announcement is set to be broadcasted on live television and radio.…
Singapore’s Economy Manages to Grow Despite Gloomy Global Economy In Southeast Asia, Singapore has always been a feisty contender in a secure and robust economy. Its solid foundation as a trading port and a financial hub ever since the 1960s has weathered several economic crises. The government of Singapore has always been proactive in making…
Rates and Rules of Singapore Tax: How Does Personal Tax and Corporate Tax in Singapore Work? Singapore is one of the few places in the world where a 17% corporate tax rate, zero capital gains tax, and zero dividend tax exist within the same jurisdiction, and that combination is the result of a tax policy…
Over Half of All Singaporean Employers Confident About 2020 Growth High Level of Business Confidence Although 2019 was marked by various economic challenges such as the US-China trade war, Singapore’s business environment remains buoyant as a study by recruitment firm shows that 55% of Singaporean employers cited high levels of confidence in their business…
Strong Training Framework Is Helpful To Employees And Companies In Singapore Plug Skills Gap By Improving Training Singapore’s Manpower Minister highlighted the importance of a robust training framework at the recent launch of Workforce Singapore (WSG) programme, “The gap between jobs and skills will widen as businesses transform in the digital economy, but Singapore…
Requirements of Company Registration in Singapore – Guides You Should Know Registering a company in Singapore requires a unique ACRA-approved business name, at least one locally resident director, a minimum of one shareholder, a qualified company secretary appointed within six months, a physical registered address, and a minimum paid-up capital of just SGD 1. Foreign…
Many Couples Are Unaware of the Importance of an LPA for Marriage. Let Us Take a Close Look at the Benefits of an LPA Many people are not aware of the meaning of the phrase “power of attorney”, as well as, whether they really require one or not. The confusion is even more as the…
Growth in Employment Raises Hopes for 2020 Stronger Job Market Than Expected The 2019 Singaporean job market has turned out to be stronger than predicted, leading many analysts and recruiters in the private sector to predict increased hiring in 2020. Recent data from the Ministry of Manpower (MOM) indicated that total employment growth grew…
Rebranding: The Key to Updating Your Company – Preparations and Steps Going With the Flow The rapid digitalization of our era is constantly bringing in new advancements. It is no wonder that products and services are often being updated to keep up with the technological flow. Similarly, Singapore companies also have to keep themselves…
LPA for Widow and Make Your Will if You Are a Singaporean While many Singaporeans realize the importance of making an LPA for widow, very few actually end up doing so. The article highlights all you need to know about the legal aspects, consequences, and benefits of doing so. Lasting Power of Attorney It…