Stay updated with the latest trends, regulatory changes, and expert perspectives on assurance, accounting, and business advisory.
Governance
What boards, committees and management teams should pay attention to. Charities and Institutions of a Public Character (IPCs) in Singapore are entrusted with public and donor funds to deliver social, community and charitable outcomes. With this comes heightened expectations...
Taxation
A practical self-review for Singapore companies. Most Singapore companies do not undergo a full IRAS audit every year, but many will, at some point, receive queries, letters or requests for clarification on their corporate tax filings. In our experience, IRAS tends to focus on areas where...
Banking & Finance
Practical insights to support loan applications and banking relationships. For many small and medium-sized enterprises (SMEs), bank financing remains an important source of working capital, equipment funding and growth support. When assessing loan applications or reviewing existing facilities...
Financial Reporting
Practical considerations for directors and finance teams in Singapore SMEs. Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities) was introduced to provide a simplified reporting framework for eligible smaller entities. It is designed to reduce complexity while still...
Governance
Practical records to support governance, disclosure and audit. Related party transactions are common in many Singapore businesses, especially owner-managed companies, family-owned groups and entities with multiple companies under common control. These transactions are not problematic in themselves...
Governance
Practical reminders for Singapore company directors. In Singapore, directors are responsible for ensuring that their company complies with filing requirements under the Companies Act and with the Accounting and Corporate Regulatory Authority (ACRA). While many companies rely on corporate secretaries...
Financial Reporting
A structured approach to make year-end smoother and more efficient. Whether you are working with an external accountant to prepare your financial statements or engaging an auditor for statutory or other assurance work, good preparation can significantly reduce stress, delays and unexpected issues...
Governance
Simple control measures that small finance teams can realistically implement. As businesses grow, transactions increase, more people get involved, and decisions become more complex. Without basic internal controls, even profitable businesses can face cash flow issues, errors, disputes, or, in the worst cases, fraud...
Governance
Key insights for council members and managing agents. Management Corporations Strata Title (MCSTs) play a central role in managing strata developments in Singapore. Beyond day-to-day operations, MCSTs are responsible for maintaining proper accounts, safeguarding funds and providing transparent...
Financial Reporting
Practical observations and tips to help finance teams get audit-ready. For many small and medium-sized enterprises (SMEs), the year-end close and audit process can feel rushed and stressful. Yet, a significant portion of the issues identified during audits are recurring and avoidable...
Financial Reporting
CAS vs SFRS, governance expectations and preparing for audit or review. Charities, non-profit organisations (NPOs) and companies limited by guarantee (CLGs) play an important role in Singapore’s social and community landscape. Alongside their programmes and activities, these organisations must also meet financial reporting...
Governance
Key differences in liability, tax, governance and ongoing compliance. Setting up a business in Singapore involves more than just choosing a name and starting operations. One of the first important decisions is selecting the right entity type. The main options for many small and growing businesses include...
Taxation
What businesses need to know before and after registering for GST. The Goods and Services Tax (GST) is a key part of Singapore’s tax system. While GST is ultimately borne by the final consumer, GST-registered businesses are responsible for charging, collecting and accounting for GST correctly to IRAS...
Compliance
A practical overview of key ACRA and IRAS deadlines for directors. Running a company in Singapore involves more than just day-to-day operations. Directors are responsible for ensuring the company complies with statutory filing requirements under the Companies Act, ACRA regulations and IRAS tax rules...
Taxation
Balancing tax efficiency with compliance for closely held companies. Singapore’s corporate tax system is relatively straightforward: a flat 17% corporate income tax rate, with partial and start-up exemptions that can significantly reduce the effective tax burden for smaller and growing businesses. For owner-managed companies, the key challenge is not just “paying less tax”, but balancing...
Financial Reporting
In Singapore, not every company is required to have its financial statements audited. However, the rules are often misunderstood, and directors may not be fully aware of when an audit is still compulsory, or what is expected if an audit is not required. This article provides a practical overview of the statutory audit requirements, the small company and small group exemptions...
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