Do Singapore Private Companies Need Independent Directors? A Practical Guide Founders and family shareholders often ask their corporate secretary the same question once the business starts growing: do we need to bring in an independent director? The short answer for most Singapore private companies is no. The Companies Act 1967 sets a very modest bar [...]
Related Party Transactions in Singapore Financial Statements: FRS 24 Disclosure Requirements Explained Every Singapore private company that transacts with its own directors, shareholders, or group companies is, whether it realises it or not, dealing in related party transactions. A director's loan account, a management fee charged by a holding company, a director-owned property rented to [...]
How to Change Your Singapore Company's Financial Year End: ACRA Rules and Tax Implications Every Singapore-incorporated company must fix a financial year end (FYE), and that single date quietly drives a surprising amount of your compliance calendar: when your annual general meeting is due, when your annual return must be lodged, and when your tax [...]
Allowable business expenses under the Income Tax Act: Documents required and templates. For Singapore SMEs managing tax and accounting compliance. Prac...
Productivity and Innovation Credit (PIC) legacy treatment: Documents required and templates. For Singapore SMEs managing tax and accounting compliance....
Corporate tax exemptions and partial-exemption scheme: Documents required and templates. For Singapore SMEs managing tax and accounting compliance. Pra...
A compliance guide for Singapore employers on whether foreign interns and trainees need a work pass, covering the Student's Pass exemption, Training Employment Pass, Training Work Permit and Work Holiday Pass.
How Singapore SMEs can use Enterprise Singapore's Enterprise Sustainability Programme to fund sustainability capability projects, with eligibility, funding levels and application steps.
How GST-registered businesses in Singapore can claim bad debt relief on unpaid invoices: the conditions, the five-year time limit, and what happens if the customer later pays.
A director who has been shut out of the company's books rarely finds out gently. It usually happens in the middle of a falling-out with a co-director: the accounts software password stops working, the bookkeeper is instructed not to send anything without the other director's sign-off, or the registered office simply stops answering requests. For [...]