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So far Daryl has created 362 blog entries.

Singapore Budget 2024: Changes that will help or affect businesses

On the 16th of February 2024, Deputy Prime Minister and Finance Minister Lawrence Wong announced the Budget 2024 in parliament. Budget 2024 is about taking Singapore forward with its Forward Singapore Roadmap. The goal is to grow the economy, create better jobs, have more paths for equality and mobility, and provide more assurance for families [...]

By |2024-02-19T12:10:56+08:00February 19th, 2024|Grants and Other Incentives, Latest News and Announcements|

What you need to know about setting up an offshore Singapore company

Establishing a Singapore offshore company involves registering and operating a business from a location separate from its primary stakeholders and operations. In essence, the company is a local Singapore company and its ownership, management and control may be outside of Singapore. The appeal of Singapore for entrepreneurs and investors is rooted in the diverse advantages [...]

By |2024-02-15T11:30:35+08:00February 15th, 2024|Useful Incorporation Articles|

What is IR8A?

As stated in section 68(2) of the Income Tax Act, every employer is required to report employee earnings to IRAS. Here is a reproduction of the statute:   The Comptroller may, by notice in the Gazette, require every employer to prepare and deliver to the Comptroller or any person specified in the notice, for any year [...]

By |2024-02-07T18:26:54+08:00February 7th, 2024|Accounting Bookkeeping Tax and XBRL, Running a Company|

When do I need to prepare my Statement of Accounts?

This question pertains to self-employed individuals and partnerships. So if you are a self-employed individual, sole proprietor or partnership, this question and its answer are relevant to you. All self-employed individuals, sole proprietors and partnerships have to prepare their statement of accounts. This is under the law. The statement of accounts reflects the business income [...]

By |2024-01-25T13:26:29+08:00January 25th, 2024|Accounting Bookkeeping Tax and XBRL|
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