3E Accounting Pte Ltd Announces its Partnership with the SME Portal 3E Accounting Pte Ltd, Singapore’s premier corporate services provider joins hands with the SME Portal, the country’s leading and most visited portal by Singapore’s small business owners and aspiring entrepreneurs alike. It’s official! The premier corporate services provider in Singapore – 3E Accounting Pte…
250% Tax Deduction Under the Business and IPC Partnership Scheme From 1 July 2016 to 31 December 2018 From 1 July 2016 to 31 December 2018, businesses will enjoy a total of 250% tax deduction on wages and related expenses when they send their employees to volunteer and provide services, including secondments, to Institutions of…
Tripartite Guidelines Developed for Employers to Give Greater Clarity on Leave Benefits and Notice Period for Term Contract Employees The Ministry of Manpower (MOM), National Trades Union Congress (NTUC), and the Singapore National Employers Federation (SNEF), have jointly developed a set of Tripartite Guidelines on the Employment of Term Contract Employees. Although the majority of…
Further extension of time for private companies to update shareholder information In December 2015, ACRA announced that it would be maintaining the registers of members for private companies setup in electronic form (EROM) from 3 Jan 2016 onwards. Private companies were required to update shareholder information that will be recorded in the EROM. These companies…
Updates from ASC – ASC has issued Amendments to FRS 115 ASC has issued Amendments to FRS 115: Clarifications to FRS 115 Revenue from Contracts with Customers. Please visit Financial Reporting Standards Changes effective for annual periods beginning after 1 January 2016 for information. Related link Preparation of financial statements
Clarification on When Tax Clearance is Not Required in Singapore Tax clearance is where the employer ensures that a non-Singapore Citizen employee who ceases employment in Singapore or plans to leave Singapore for more than three months pays all his taxes. As an employer, it is your responsibility to notify IRAS and seek tax clearance…
Singapore Tripartite Guidelines on Managing Excess Manpower and Responsible Retrenchment The Singapore economy is highly exposed to global trends and companies often find that they have to restructure to stay competitive. As businesses adjust, they should consider alternative ways of managing their excess manpower such as upskilling employees and redesigning jobs. However, if retrenchment is…
Singapore and Cambodia Sign Agreement for Avoidance of Double Taxation (DTA) Singapore and Cambodia signed an Agreement for the Avoidance of Double Taxation (DTA) on 20 May 2016. The signing took place in Singapore between Ms Indranee Rajah, Senior Minister of State for Law and Finance, and Dr. Aun Pornmoniroth, Cambodia’s Senior Minister of Economy…
Latest BizFinx Preparation Tool Released The latest version (v.2.4.0) of the BizFinx preparation tool which includes support for Microsoft Office 2016, is now available for download at BizFinx website. The updated version also incorporates bug fixes and enhancements. All preparers are encouraged to upgrade to this updated version 2.4.0, although the XBRL.zip files prepared using…
Tripartite Guidelines on Re-employment of Older Employees Revised and WorkPro Schemes Enhanced The Ministry of Manpower (MOM) announced at the Committee of Supply Debate on 8 April 2016 that the re-employment age will be raised from 65 to 67 on 1 July 2017. To prepare employers and employees for this change in the re-employment landscape,…
Lawrence, the youngest TAFEP Exemplary Employer Award Winner, shares the secrets on how he keeps his employees happy, live on Capital 95.8 FM. Established in 2011, with revenues exceeding over $3 million, ranked among the top 30 Singaporean corporate service providers and boasting a low employee turnover rate, 3E Accounting Pte Ltd is an organisation…
3E Accounting Was Ranked Second in the Category of the Top 5 E-filing Tax Agent Firms With the Most Improved C-S/C E-filing Rate in Ya 2015. The e-Filing of form C-S in Year of Assessment was introduced by IRAS in 2012 for small companies. SINGAPORE, April 29, 2016 – Offering a diverse range of services…