Employees are an important asset of a business. Disbursing their salaries on time and maintaining good payroll practices contribute to positive employee experience. However, running a well-managed payroll process in-house can be daunting and expensive for small businesses and early startups. In today’s environment of shrinking budgets, even large firms are under the pressure to…
As a Singapore company, proper accounting and bookkeeping are business necessities you simply can’t overlook. When you maintain the books of accounts and file your accounts per the statutory accounting standards, it keeps you informed about the financial state of your business. More importantly, perhaps, it ensures that your company is in compliance with the…
Singapore has consistently ranked among the countries offering great ease of doing business. It tops the list of most favoured destinations for both local and foreign entrepreneurs because of many key factors including a thriving domestic market, flourishing infrastructure, and business-friendly policies. For those businesses looking to expand their shores in this South East Asian…
In order to own, manage, and financially support a working team in Singapore, you need to be compliant with the state’s payroll processing requirements. As an employee too, you need to be well-versed in the payroll clauses so that you know your rights, eligibility for financial benefits, and perks while you work for a Singapore-based…
If you own a parent company and are mulling over widening your business reach with a daughter/subsidiary company in 2022, then Singapore might be the best choice for a business debut. The island-nation is a paradise for all types of business entrepreneurs for the ease of doing business. Your job gets more manageable with the…
With many global giants headquartered in Singapore, the city-state offers a favorable business environment for MNCs and start-ups alike. The World Bank’s annual Ease of Doing Business Index is proof enough of the fact, as Singapore seats comfortably at the second position among 190 other countries. The island nation is a major e-commerce market, forecasted to…
Life brings about a lot of changes and this brings changes in your business as well. If you are a business owner then, an exit plan needs to be in place when you have to manage the changes. These changes can influence your business and its success significantly. Any business owner needs a contingency plan…
It is a costly affair when you want to hire a consultant. Businesses hire consultants and consulting agencies for very specific reasons. Why do we need a consultant? a consultant that has specific knowledge of their domain and its services. If you have a consulting business you sell the knowledge about your domain or niche.…
Introduction: Everyone in Singapore, including companies and individuals, have to pay taxes according to the tax structure imposed by the Singapore government. Therefore, it also becomes mandatory to provide the tax returns as per the amounts. After these amounts are paid, what they have to pay will be calculated. Taxpayers have to use various tax…
Tourism is one thing that Singapore is known for. It is popular for spectacular views, amazing service, and stunning accommodations that helped Singapore succeed in the tourism industry. Therefore, so many foreign investors come to Singapore to open their own hotels. If you are in the hotel business, you know how difficult it is…