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Xero is an advanced online accounting software. Back by revolutionary cloud technology, the application can revolutionize your business practices by preparing financial data and real-time access whenever you need. If you have internet connection, you can access the software from anywhere, regardless of what time it is and what device you are using. Features…
A lot of SMEs can’t do without using Xero. Xero is an online accounting software tailored for SMEs. If you’re new to Xero, you should read through this guide in order to know how to maximise your use of Xero. We’ve taken our time to explain the things you should do step by step. Here…
Singapore’s booming economy and excellent financial hub are part of the reasons why the residents of the country enjoy some special privileges. When it comes to privileges in business, the effective Singapore company tax rates can’t be overlooked. The various tax incentives and corporate income tax rates are part of the reasons why foreign investors…
Singapore Personal Income Tax The tax system of Singapore includes both corporate income tax and personal income tax. One of the reasons why Singapore is a very attractive business location is that it has one of the lowest personal income tax rate in the world today. The taxable income amount and tax residency are the…
Every business needs to consider some practical issues regarding Goods and Services Tax (GST) and IRAS filing compliance. As a business owner, one of the most important steps you should take is to determine whether your business qualifies for GST registration. If your taxable supplies for the previous accounting year is greater than S$1 million or…
E-Invoicing Registration Grant is launched by Enterprise Singapore and IMDA. The primary aim of this grant is to promote the digitalization of businesses in Singapore. Thanks to technological advancements, more and more companies are exploring digital solutions and steering towards remote working. Such companies will directly benefit from this grant to offer e-invoicing features on new or…
P-Max is a place and train program which primary aim is to assist SMEs in coping well with the various challenges associated with recruitment and retention of PME talent in an increasingly tough labour market. All eligible SMEs that are able to retain their newly-hired PMEs and also complete the entire follow-up sessions for 6…
The major purpose of the Enterprise Development Grant (EDG) is to support companies in their pursuit of bigger business growth, upgrading, innovation and expansion to overseas countries. 3 key Areas of Support Aside from helping enterprises to transform and grow, EDG helps businesses to innovate, upgrade, and venture overseas under all the areas below:…
All Small and medium enterprises (SMEs) with COVID-19 cases confirmed on their premises can seek assistance to cover a portion of the disinfection cost under the Specialised Cleaning Programme. All eligible SMEs will get 50% of third-party professional disinfection and cleaning costs capped at $3,000 for each company. This assistance programme will run from 1st…
