Top 5 Growing Pains with Compliance

by Singapore Corporate Services | 12 Aug 2023 | Audit & Assurance

Growing pains Companies incorporated in Singapore must comply with regulations established by the Accounting and Corporate Regulatory Authority (ACRA) in accounting and corporate governance. Non-compliance carries severe consequences, such as reputational harm,...

Understanding the Complexities of Inventory Management in SMEs

by Singapore Corporate Services | 12 Aug 2023 | Others

Xero’s own IM features Xero helps businesses manage their inventory efficiently with easy-to-use features: Track and Value Stock: Keep an eye on inventory levels and know how much your stock is worth. Sales Trend Reporting: Analyze sales trends to make smarter...

A Comprehensive Guide to AGM

by Singapore Corporate Services | 12 Aug 2023 | Others

  AGM Requirements in Singapore What are the key regulatory requirements for holding an AGM in Singapore? All Singapore private limited companies with financial year ending before 31 August 2018 are required to hold their first Annual General Meeting (“AGM”) within 18...

A Step-by-Step Guide for Companies Navigating the Financial Year-End Process

by Singapore Corporate Services | 12 Aug 2023 | Accounting

A financial year end, also known as a fiscal year end, is the completion of a 12-month accounting period for an organisation. It marks the end of the financial reporting period, during which a company or entity assesses its financial performance and prepares financial...

How does Bookkeeping lead to better tax planning?

by Singapore Corporate Services | 12 Aug 2023 | Bookkeeping

Good bookkeeping helps with tax planning because it provides accurate and organised financial records that are essential for calculating taxable income, identifying deductions, and ensuring compliance with tax laws. When you maintain proper bookkeeping, you have a...