Accounting & Finance

Owning and operating a restaurant in Singapore is undoubtedly highly lucrative and advantageous. Moreover, restaurant ownership may lead to higher incomes than you can make by pursuing other business ventures. Being a restaurant owner, however, comes with a variety of responsibilities, including business administration, customer service, marketing, financial planning and management, and bookkeeping. Each position…

Singapore has long been a popular tourist destination due to its favourable policies for residents, but it has equally attracted business owners. The reason is not far-fetched. Singapore is now also known for its fair policies toward foreign businesses, which typically take the form of reasonable tax rates and reliefs. Investors in small Asian countries…

When running a business, time is money, and every minute counts. As time passes, you will realise how much you need to get done but see yourself running out of time. For this reason, in recent times in the business world, outsourcing corporate operations has become a common practice. Accounting is one of the activities…

It could be pretty stressful for entrepreneurs to find the perfect office space that meets all their desired specifications, which would only be the case if they weren’t armed with the right information. Your office environment, after all, plays a crucial role in your team members’ engagement, productivity and satisfaction and is a reflection of…

Handling payroll can be exceptionally intricate, difficult, and very time-consuming, especially for SMEs. An extensive amount of time and resources are needed just to process the payroll of a small business, and it can become quite overwhelming with all the rules regarding taxes, fees, unemployment and any other government regulations. However, here are five quick…

Every company in Singapore is responsible for determining its financial year end (FYE) at the time of incorporation. But, changing a company’s financial year end (FYE) after its incorporation in Singapore is common. The main reason for changing a company’s FYE is to align this with its operating cycles and business activities. This will ensure…

On the surface, many people believe owning and running a business is all about glamour and fanfare. However, as a business owner, you’re tasked with the day-to-day operations of the business, as well as its other chores like accounting obligations. In all honesty, all of these can prove overwhelming for a small business owner. There’s…

As a business owner, cash flow is the life of your business. Therefore, the cash flow statement is one of the most important financial statements to monitor in keeping the business running. The other essential statements are balance sheets and income statements. Losing track of a business’s cash flow is a major cause of business…

Small business owners are tasked with making both simple and complex business decisions almost on a daily basis. The success or failure of a business lies primarily in how decisions are made and what steps are either taken or ignored. One of the most crucial aspects of any business is bookkeeping. Hate it or love…

If you’re running a business, we know you don’t have things easy. There is a lot to handle, and there’s a lot to solve, so you need to know the strategic way to do it. Managing the business and staff and making quick decisions can be stressful sometimes. Yet, some business owners might make things…