With the impending hike in electricity costs, what can SMEs do to protect their bottom line?
In 2021, we have seen Singapore’s electricity prices go up in the Government’s effort to normalise electricity prices that had dropped below the total cost of production and encourage the prudent use of electricity. According to SP Group, companies can expect to see electricity tariff (excluding GST) increase by an average of 3.2% kWh, from […]
PSG funding support of up to 80% up till March 2022. Start digitalising now?
It is never too late to embark on your digital transformation journey. The Productivity Solutions Grant (PSG) is an incentive to help firms implement IT solutions, equipment and consultancy services. It was announced at Budget 2021 that the raised maximum funding support of 80% will be extended from 30 September 2021 to 31 March 2022. […]
6 life lessons companies can take away from Squid Game
You would have either watched, read or heard about the world’s current obsession. Squid Game. The most widely viewed non-Western Netflix series is projected to become Netflix’s most popular show. The cast comprises South Korean actors Park Hae Soo, Lee Jung Jae and Jung Ho Yeon. The Squid Game actors had only at maximum a […]
The SPAC listing framework and why does it matter?
In recent years, we have witnessed the growth of special purpose acquisition companies (SPACs), also known as shell or “blank-cheque” companies. SPACs raise funds through an initial public offering (IPO) to acquire existing companies. The acquisition of a target company must be completed within two years of the IPO, known as the “de-SPAC” process. If […]
10 reasons why TnB will make your best accounting partner
It is common knowledge that forward-thinking is key to success. A forward-thinking business carefully considers the quality of work, cost efficiency and reliability when determining business partners. When you start your own business, you may find specific processes to be complex and costly. You may also find you have less time to focus on your […]
Tips and guide to setting up a social enterprise in Singapore
Passionate about a social cause? Or perhaps ready to take action and shed light on injustices? If you are keen to extend a hand to the marginalised in society by setting up a social enterprise but you are unsure of how to do so, the following few tips will come in handy. 1. Decide […]
An exclusive guide: Incorporation of companies in Singapore
Considering setting up a company in Singapore but not sure what the requirements are? Or looking for guidance on how to register your company? This article will bring you through five topics that will be relevant regarding the incorporation of companies in Singapore. 1. You have to meet specific requirements to register your company […]
A Summary of Singapore’s Corporate Tax System
Many of you know that Singapore has done well in luring and retaining global investments by reducing corporate tax rates and initiating numerous tax incentives. Unlike many countries that implement double-taxation, Singapore has been following a one-tier corporate income tax system since the introduction of Budget 2002. The one-tier corporate income tax system implies that […]
How to outsource your accounting job?
Wish to save cost as hiring accountants may be expensive? Hoping to free up resources to focus on your core business activities? These are just two of many benefits for you to consider outsourcing your accounting job. Once you have decided to outsource your accounting job, there are a few factors to consider. 1. What […]
How to set up a company limited by guarantee in Singapore?
A company limited by guarantee (CLG) sounds attractive with the accompanying benefits of having limited liabilities and tax benefits. However, the CLG structure is not for everyone, especially not for for-profit organisations. The CLG structure is for companies that perform non-profit making activities registered with the Accounting and Regulatory Authority of Singapore (ACRA). Benefits of […]
