Resources

For entrepreneurs setting up a business in Singapore, renting a commercial space is often one of the first—and most significant—commitments they make. Whether you are setting up a retail shop in Orchard, a café in Tanjong Pagar, or an office in the Central Business District (CBD), understanding the commercial lease agreement is crucial. Yet, many…

Financial fraud is no longer just a “big company” problem. In Singapore — a highly connected, digital-first economy — businesses of every size are targeted by fraudsters using increasingly sophisticated tactics. The scale of the problem is growing rapidly. In 2024, Singapore scam victims lost S$1.1 billion — about a 70% increase over the losses…

If 2024 was about “going digital,” 2025 is about getting decision-grade data from your books—fast. With tighter cash cycles, rising costs, and ongoing digitalisation across IRAS/ACRA touchpoints, SMEs that treat bookkeeping as a strategic function (not just compliance) will outpace those that don’t. Clean books unlock: Cash flow clarity (know what’s due, when, and what’s…

Singapore is widely regarded as one of the world’s most attractive financial and business hubs, thanks to its robust economy, pro-business policies, and competitive tax framework. Many entrepreneurs and corporations are drawn here not only for its investment opportunities but also for its seamless company incorporation in Singapore, which offers a gateway to the region’s…

In Singapore, the Goods and Services Tax (GST) is a consumption tax levied on the supply of goods and services and the import of goods. While businesses are only mandatorily required to register for GST when their taxable turnover exceeds S$1 million in the past 12 months, many small and growing businesses choose to register…

Singapore continues to solidify its status as a global business hub, with a pro-enterprise environment, strategic location, and strong government support for innovation and entrepreneurship. For aspiring entrepreneurs and startups looking to establish a foothold in Southeast Asia, company incorporation in Singapore remains a smart and strategic move. In 2025, the city-state presents a wealth…

Closing a business is never an easy decision, but once it’s made, it’s crucial to follow proper procedures to avoid future complications. In Singapore, companies that are no longer active or have ceased operations can apply for a strike-off with the Accounting and Corporate Regulatory Authority (ACRA). However, before submitting the application, there are several…

In the fast-evolving digital economy of 2025, financial agility is no longer a luxury — it’s a necessity. Cloud-based bookkeeping has emerged as the new gold standard for modern businesses, enabling entrepreneurs, finance teams, and accountants to access critical financial data from anywhere, at any time. But beyond just convenience, real-time access to financial information…

In recent years, Singapore’s SMEs have shown impressive adaptability and innovation in an increasingly competitive landscape. Now in 2025, a rising wave of businesses are looking beyond the island nation, propelled by strong government backing, rapid technological advances, and the urgent need to diversify amid global volatility. With economic transitions, evolving policies, and shifting global…

Tax season can be a stressful time for many, but for eligible taxpayers in Singapore, the No-Filing Service (NFS) helps simplify the process significantly. Over 1.9 million individual taxpayers are eligible for NFS in the Year of Assessment (YA) 2025, with close to 500,000 benefitting from the Direct Notice of Assessment (D-NOA) initiative. The D-NOA…