SCS Accounting – Appointing a Company Secretary: Roles and Responsibilities

by Singapore Corporate Services | 7 Feb 2021 | Company Secretarial

With all the regulations and requirements associated with registering a company in Singapore, it’s easy to become disorganized and miss out on deadlines and be overwhelmed by seemingly minor yet crucial office tasks. This is why assigning a corporate secretary is a...

Goods and Services Tax Fraud: Penalties, and How to Avoid It

by Singapore Corporate Services | 5 Feb 2021 | Tax

The Inland Revenue Authority of Singapore (IRAS) is strict when it comes to penalizing businesses and their proprietors on tax malpractices such as tax evasion and tax fraud. Those who are found guilty of these cases were ordered to pay a fine, a penalty up to thrice...

SCS Accounting – How to Fulfil Statutory Compliance for Dormant Companies

by Singapore Corporate Services | 3 Feb 2021 | Compliance & Regulations, Tax

In Singapore, if your company hasn’t been engaging in trade, hiring people, or generating any form of income in recent years but you still plan on reviving its operations in the future, you have the option to keep it in dormant status. Besides protecting your patents...

Striking Off a Company in Singapore: Key Steps, Timelines, and Compliance

by Singapore Corporate Services | 20 Oct 2020 | Company Secretarial

Are you currently keeping an inactive or dormant Singapore-incorporated Company? If the impact of non-compliance with ACRA and IRAS regulations slipped your mind, it may be time to act before the authorities come after you.   You generally have 2 options when...

How To Detect And Prevent Payroll Fraud

by Singapore Corporate Services | 30 Aug 2020 | Others

Fraud is difficult for any company, and has far-reaching consequences beyond financial impact. For one, it threatens the sense of trust that your organization needs in order to operate smoothly. Second, fraud within your ranks can land your company in hot water with...