Changes to Financial Reporting Standards in Singapore To support Singapore’s corporate governance and financial reporting framework, accounting standards are developed for public interest. To promote public confidence in the standards developed from the process, the accounting standard-setting process must be robust and credible.The Accounting Standards Council (ASC) is responsible for the formulation and promulgation of…
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Starting a Business in Singapore Singapore is consistently recognised as one of Asia’s most business-friendly destinations, drawing entrepreneurs, foreign investors, and SMEs seeking regional expansion. Its pro-business tax regime, robust economic stability, and world-class infrastructure make it an ideal hub for company incorporation in Singapore. Starting a new adventure in Singapore can be an exciting…
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New look for ACRA’s Bizfile+ The Singapore Accounting and Corporate Regulatory Authority (ACRA) recently introduced a new online filing and information retrieval system called BizFile+. The new system allows the public to access a suite of over 400 electronic services ranging from the submission of statutory documents, to retrieval and purchases of information pertaining to business entities…
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Singapore’s Per Diem Allowances Update Per diem, which is Latin for “per day” or “for each day” or daily allowance, is a specific amount of money an organisation gives an individual, often an employee, per day to cover living expenses when traveling for work. A per diem can include part or all of the expenses…
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3E Accounting – Great Reviews on InCorporate.sg 3E Accounting is happy to announce that we are having great reviews on the corporate service comparison website InCorporate.sg, a company that provides aspiring entrepreneurs with a jumpstart in their startups. Both companies enrich and educate entrepreneurs of the important aspects of business in Singapore to prevent costly mistakes…
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Singapore’s Ministry of Manpower (MOM) Seeks Public’s Feedback in Reviewing Areas of Employment Act Singapore’s Ministry of Manpower (MOM) is looking at revising the Employment Act, and it is seeking the public’s opinion on the matter for the areas it is reviewing. Singapore’s Employment Act as was last reviewed in 2012 and the amendments to…
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Dear Reader, Welcome to our E-Newsletter January 2018 As we close off 2017, it is good for us to look ahead and think about what this year may bring us. While there may be further challenges ahead (and there is much work to do), we end 2017 stronger and better able to serve our clients…
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Singapore’s Shareholders Agreements Explained How to start your business right in Singapore? Apart from the business plan and the company incorporation process, a good shareholders agreement is crucial to get your business started. While many might think that a shareholders agreement is an unnecessary cost to business, it is crucial to a business as it…
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Do You Need a Shareholders Agreement? What is a Shareholders Agreement? A shareholders agreement, as the name implies, is an optional legal document that creates a contractual obligation between shareholders of a company. Many times, a shareholders agreement supplements the company constitution with the additional rules and regulations. However, the shareholders agreement does not…
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How the Updated Companies Act Changed the Common Seal Use The Companies (Amendment) Act 2016 amended the Companies Act 2016 (CA 2016) to provide for a new way of executing documents by companies. It came into effect on March 31, 2017. One of the key changes made by this act was using a common seal…
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River Safari’s Half-Day Trip a Memorable One for Seniors [ngg src=”galleries” ids=”68″ display=”basic_thumbnail” show_slideshow_link=”0″] From Yangtze to the Mississippi, Singapore’s Seniors Had a Day to Remember Singapore’s senior beneficiaries got to experience “wildly” fun times at the River Safari half-day trip organised by 3E Accounting. Corporate social responsibility (CSR) is a big part of 3E…
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Overall Positive Growth for Singaporean Employment Market in the Third Quarter of 2017 The Singaporean labour market continued to improve in the third quarter of 2017 with the drop in total employment coming in lower than that in the two previous quarters. Those affected were mostly foreign workers and as a result, growth in local…
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