Skip to main content

Posts

Showing posts from June, 2024

Top 5 Tax Deductions Every Singaporean Business Should Know About

In Singapore, understanding key tax deductions can significantly benefit businesses. Corporate tax services Singapore emphasize maximizing these deductions to minimize taxable income effectively. Here are five essential deductions: Employee Costs : Deductions cover salaries, bonuses, CPF contributions, and employee benefits, promoting a productive workforce. Rental Expenses : Businesses can deduct rental payments for office spaces or equipment leasing costs, easing operational expenses. Capital Allowances : Depreciation on tangible assets like machinery and equipment is deductible, supporting long-term investment. Research and Development (R&D) : Tax relief is available for qualifying R&D expenses, encouraging innovation and competitiveness. Business Expenses : General operating costs such as utilities, advertising, and professional services are deductible, facilitating day-to-day operations. Navigating these deductions requires expertise in corporate tax services. In Singapor

How to Select the Right Audit Company for Your Singaporean Business

Selecting the right audit company for your Singaporean business is crucial for ensuring compliance and financial integrity. Here are key factors to consider: Credentials and Experience: Verify that the audit firm is licensed and accredited by relevant authorities such as the Accounting and Corporate Regulatory Authority (ACRA). Choose a firm with a proven track record and extensive experience in auditing businesses similar to yours in size and industry. Reputation: Look for audit firms with strong reputations. Seek recommendations from peers or professional networks and read reviews and testimonials to gauge client satisfaction. Reputable firms often have a history of reliability and professionalism. Range of Services: Ensure the audit company singapore offers comprehensive services that meet your needs, from financial audits to compliance and advisory services. This can provide added value beyond just the basic audit. Technology and Methodology: Select a firm that utilizes modern

Choosing the Right Corporate Secretarial Firm in Singapore

The corporate secretarial landscape in Singapore is indeed vibrant, with several reputable firms offering comprehensive services to support businesses in meeting their regulatory obligations and corporate governance requirements. Here's a brief overview of the top corporate secretarial firms in singapore you mentioned: Rikvin: Rikvin is a well-established corporate services provider in Singapore, offering a wide range of corporate secretarial, accounting, tax, and other business support services. They assist clients in company incorporation, compliance, and corporate structuring. Boardroom: Boardroom is a leading corporate services firm in Asia, providing corporate secretarial, share registry, accounting, payroll, and advisory services. They serve a diverse clientele ranging from startups to multinational corporations across various industries. Sleek: Sleek is a digital corporate services platform that offers streamlined solutions for company incorporation, compliance, and admin