AI and Tax Being a regulation in the country, corporate tax filing has to be efficient to avoid incurring unnecessary liabilities should the reported taxable income be inaccurate or past the due date. Artificial Intelligence (AI) has been introduced into taxation in recent years to help expedite the reporting and filing process through the automation…
SG Incorporating Companies: 5 Documents and Certificates to Buy Business people should register for formation documents in the process of incorporating companies. It serves as tangible proof of your development with the approval of the state government. Certificate of Incorporation or Articles of Incorporation affirms that the governing bodies granted you a license to form…
SG Company Incorporation: Guide to Know Your Customers (KYC) Regulations Since company incorporation and registration in Singapore are convenient, there have been increasing cases of money laundering and financing terrorism. Some investors establish unusual business structures while shareholders conceal their transactions. That is why The Accounting and Corporate Regulatory Authority (ACRA), together with an international…
Moving Business and Establishments: Why Foreign Companies Relocate in Singapore? International companies and large corporations are locating for countries with higher marketing success to meet their shareholders’ standards. These foreign investors consider varying factors to set up and operate their businesses, in which Singapore comprises, making it a prime destination for investors globally. In this…
Defining Types of Structures and Company Shares in Singapore Shareholders are entitled to participate in board meetings and influence ownership of a company in Singapore, depending on the distinct structure of shares. It is governed by the beneficial interests and the standard of the company constitution. The founders and shareholders share a bundle of rights…
Changing Forces of Accountancy Rapid technological advancements, such as the introduction of 5G networks and Wi-Fi 6 in the new decade, coupled with the Covid-19 pandemic that sparked the switch towards remote working, has forced the business to digitise their operations to a larger extent in order to stay relevant. While it is a prominent…
Introduction Secretaries are crucial in ensuring the daily operations of a company. Structured and efficient handling of administrative tasks and facilitating communication in the company form the backbone of a strong and successful company. Because incorporated companies are required by law to appoint a secretary, it is important to get a reliable and capable secretary…
3E Accounting Exploiting Big Data Big data and analytics have been the hot topic lately and when analytical techniques have been effectively applied to big data, businesses can benefit from the value it created. Knowing what big data means and how to utilize them is essential for businesses to improve their decision making and operations.…