What is a Unique Entity Number in Singapore?

by firstpage | 15 Nov 2024 | Others

UEN, meaning “Unique Entity Number”, is the official identifier for registered business entities and other organisations in Singapore. Similar to a personal identity number for citizens, the UEN is assigned by the government upon registration with the Accounting and...

Quota for Hiring Foreign Workers in Singapore: Key Insights

by firstpage | 4 Oct 2024 | Business Registration/ Set Up/ Incorporation

Singapore is a thriving global hub known for its strong economy and vibrant industries. As the nation continues to grow, businesses rely on a mix of both local and foreign talent to maintain their competitive edge. But why is it necessary to have foreign workers in...

Fiscal Year vs Financial Year: Definitions and Implications

by firstpage | 4 Oct 2024 | Tax

Is there a difference between a fiscal year and a financial year? While they both refer to the same 12-month accounting period, there are subtle differences in their usage and connotations. To further clarify, explore below the distinctions between fiscal year vs...

Guide to Directors’ Remuneration for Small Business Owners

by firstpage | 23 Sep 2024 | Bookkeeping

If you’re looking to get a better understanding of the remuneration or compensation options for company directors, whether to ensure compliance or optimise your small business’s financial strategy, this guide will give you a clear and comprehensive overview. ...

Difference Between an S Pass v Employment Pass in Singapore

by firstpage | 23 Sep 2024 | Others

If you’re running a business in Singapore and considering hiring talent from abroad, you’ll need to secure the appropriate work permits for your employees. The S Pass and the Employment Pass (EP) are two options that enable foreign nationals to work legally in...