Taxation
What is IR8A? Form IR8A is a report on each individual employee’s earnings which must be submitted to IRAS annually by a deadline stipulated by IRAS. What are Year of Assessment and Basis Period? Put simply, the year of assessment is the year your income derived throughout the basis period is assessed and taxed. The […]
Starting a Business
What information do I need to start a Company? For Singaporeans and Permanent Residents, you will just need to bring along your NRIC. For foreigners, a copy of your passport and a copy of bank/credit card statement which indicates your place of residence. Information that you need to confirm before setting up a company are: […]
Corporate and Regulatory Compliance
What is the role of a company secretary? A company secretary is in charge of ensuring that the company is in compliance with the compliance requirements stated in the Companies Act as well as the Constitution of the company. As the tasks may be quite extensive, we will highlight the common tasks usually performed by […]
Company Structure
What is the difference between a director and a shareholder? A shareholder owns the company through the shares he holds whereas a director is in control of the day to day management of the business, and can exercise powers over the company, subject to the provisions of the Singapore Companies’ Act and the Constitution of […]
Accounting
How often do I need to maintain my books? It is a best practice to account for the operations of the business on a monthly basis. However, it is our view that frequency of accounting work performed should justify the volume of transactions specific to the company to ensure cost efficiency. If you are a […]
