Many individuals dream of starting an online business, be it the youth studying in university and doing post-graduation in business management, employees working in a corporate setup, and even established offline businesses. With people spending almost one hour on social media platforms and doing online shopping, it makes the online business a better option for…
DetailsIn 2023, businesses operating in Singapore will experience a major change because of the GST hike. In 2022, the Minister of Finance announced in Singapore Budget that GST would gradually increase, and this tax increase will affect small businesses. However, with the proper planning for the GST rate hike, you can help your business ease…
DetailsWhen you are a company owner or director, you are bounded by a hectic schedule, which results in missing out on essential things. Though companies’ & businesses’ taxes are paid on time, they miss out on paying Personal Income Tax on their salary. In this blog, we will walk you through the vital information on…
DetailsIn the 2020 decade, it is challenging to cope with changing technologies, especially in payroll and accounting services. Companies and businesses need to invest time, effort, and money in updating the software & tools, training human resources, and hiring new staff in specific scenarios. This is where outsourcing accounting services come into the picture. Accounting…
DetailsStarting a business is almost everyone’s dream in today’s era. Many business options are available depending on whether you want to start a small-scale business or a large-scale one. However, there is one business that has continued to grow significantly over the last decade and will continue to grow more in the future, and that business is…
DetailsEvery young entrepreneur & businessperson wants to earn extra income apart from their primary business. Not only them, the people doing full-time jobs wish to earn extra income. And they all search for a side hustle work/business. This trend of doing side hustle business along with your current full-time profession has grown significantly globally. This…
DetailsThe foremost concern & question that arises in a person’s mind for starting a new business in Singapore is “funding.” Starting a new business in a foreign country is always a challenging & mountain task, from funding to licensing to incorporation and more. The existing businesses also need to raise funding from time to time…
DetailsMany businesses avoid paying Taxes to keep more income with them or due to time-constraint. Tax Evasion is the most common illegal way of avoiding meeting tax obligations practiced worldwide. Singapore takes tax compliance very seriously, and they follow a strict & stringent policy for individuals & businesses to pay lawful taxes on time. Singapore…
DetailsPayroll Management is a crucial part of any business. Any business primary responsibility is to keep the payments clear to employees, vendors, and clients. If the payments are due & outstanding, it affects the credibility of the business and negatively impacts cash flows & operations of the business. Thus, payroll management plays a vital role…
DetailsMany individuals don’t want to work in a partnership neither they want to work for some company. Sole Proprietorship allows such individuals to have complete access to their business from all ends. If you are looking to start a Sole Proprietorship in Singapore, then ask yourself the below basic questions: Are you looking to take…
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