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Quality Bookkeeping Services – Tips on Finding the Right Provider For Your Company

Quality Bookkeeping Services – Tips on Finding the Right Provider For Your Company

The experts advise all big or ѕmаll business owners never to nеglесt the updating of their financial transactions. The соmраniеѕ that fаil to appoint an experienced bookkeeper or accountant end up with рооrly maintained finаnсiаl rесоrdѕ. Fortunately, there аrе a lot of bookkeeping companies which оffеr quality bookkeeping services in Singapore. After hiring еffiсiеnt and reliable bookkeepers frоm thеѕе соmраniеѕ, you would feel secure аѕ to where еvеrу dollar in уоur buѕinеѕѕ gоеѕ. They do all the lengthy & painstaking work and help you...

read more May 15, 2019

How to Register a Company in Singapore?

How to Register a Company in Singapore?

To register a company in Singapore, you need to follow only 3 simple procedures afterwards, уоu arе gооd to start уоur business activities. These steps are common to both the local and foreign individuals planning to start on the road of entrepreneurship. Thе rеnеwаl iѕ only nесеѕѕаrу if уоu wiѕh tо соntinuе with уоur buѕinеѕѕ. Foreigners have always bееn wеlсоmе here оffеring a ѕuреrb lifе that can bе mаdе a permanent ѕtау реrmit аftеr оnе уеаr. Thiѕ iѕ оnlу роѕѕiblе howеvеr аftеr one hаѕ аррliеd for it.Anyone over the age of 18 years can...

read more Apr 30, 2019

Hire Professionals & Make Your Annual Return Filing Process a Smooth-sailing One

Hire Professionals & Make Your Annual Return Filing Process a Smooth-sailing One

Filing Annual Return is a part of statutory compliance for SMEs, big & multinational companies incorporated in Singapore. It means, as the director of a private or public company which could be active or dormant, you are responsible for its timely compliance. The law dictates that you must lodge the company’s Annual Returns (AR) within one month of its Annual General Meeting (AGM). The rule also applies to a new company filing its first annual return to ACRA. Preparing AR is a complicated task, and many directors outsource it to the...

read more Jan 4, 2017

Why Singapore Companies should Consider Third-Party Firms for Filing XBRL Report and GST Returns

Why Singapore Companies should Consider Third-Party Firms for Filing XBRL Report  and GST Returns

Singaporeans regularly amend and improve their laws to keep up with the market trends and to maintain its competitive edge as a country. Similarly, they do not spare any defaulter who fails to comply with their regulatory compliances. This article will throw light on two regulatory compliances such as XBRL filing and GST submission in Singapore. And, why a business should consider the assistance of professional Singapore accounting services to ensure its timely compliance.   What is XBRL Filing Singapore? The full form of XBRL is an...

read more Dec 27, 2016

Is a Limited Liability Partnership (LLP) better than a Traditional Partnership?

Is a Limited Liability Partnership (LLP) better than a Traditional Partnership?

Singapore company registration for incorporating a limited liability partnership (LLP) is useful for professionals who have enough experience and the urge to be entrepreneurs. If you are thoroughly bored with the 9 A.M. to 5 P.M. office routine then why don’t you find a like-minded partner and form a Limited Liability Partnership (LLP) in Singapore to cash on your combined experience from divers fields. SBS Consulting can help you with this task. Two or more professionals or corporate entities or LLCs can come together and form a Singapore...

read more Jul 16, 2014

Everything you need to know about Setting up a Sole-Proprietorship in Singapore

Everything you need to know about Setting up a Sole-Proprietorship in Singapore

Setting up a sole-proprietorship in Singapore is perhaps the simplest process of all the incorporation processes. This is because sole-proprietorship is the simplest and the most flexible type of business structure a person can incorporate.   Few Facts about Registering a Sole-Proprietorship It does not have a separate legal identity, but it covers all the compliances required to be met, to carry out any type of profit-generating activities in Singapore. Moreover, the business owner remains accountable for the liabilities and debts...

read more Jul 15, 2014

Pros and Cons of Incorporating a Private Limited Company

Pros and Cons of Incorporating a Private Limited Company

You can incorporate a private limited company in Singapore with ease. It is as per the Singapore Companies Act, Chapter 50. You need to register it with the Accounting and Corporate Regulatory Authority (ACRA), the Company Registrar of Singapore. A private limited company also called as Pte Ltd, is a dynamic and scalable business structure. Unlike other types of businesses that you can register in Singapore, like a sole-proprietorship or partnership, Pte Ltd has a separate legal identity from its owners or shareholders. A private limited...

read more Jul 10, 2014

Introduction to the Types of Companies that can be Locally Incorporated in Singapore

Introduction to the Types of Companies that can be Locally Incorporated in Singapore

Singapore has a pro-business atmosphere for new entrepreneurs. Its political environment and bureaucracy are all geared to encourage the incorporation of new businesses in Singapore. In the same spirit, the corporate tax rates are also maintained at a competitive level.   Singapore Business Structures for Individuals Generally, an individual owner can register a Singapore business in three ways. The business structures they can use are: Private Limited Company Limited Liability Partnership Sole Proprietorship These business structures...

read more Jul 7, 2014

Avoid Penalties by Hiring Accounting Services for Small Businesses

Avoid Penalties by Hiring Accounting Services for Small Businesses

In the initial days, it is easy for you as an owner to record every financial transaction of your small business. As the number of complex transactions increases, you may try to manage it by asking knowledgeable friends or relatives to look into the matter. Beyond that, you must look for professional help. Hiring an in-house accountant to manage your accounts and ledgers may prove, at this stage, costly. Alternatively, you can appoint one of the outsourced accounting services providers. The experts engaged by these accounting firms in...

read more May 22, 2014

Outsourcing of Payroll Services Proves to be Godsend for SMEs

Outsourcing of Payroll Services Proves to be Godsend for SMEs

Singapore Payroll is one of the challenging and tiresome functions of any company. It requires a lot of concentration, efforts, and involvement of the staff working in the HR department. Singaporean SMEs really feels its brunt.   Singapore Payroll is a Non-Core Business Function The small business owners have to devote a big part of their already limited time and resources to do their payroll on time and keep their employees happy. However, it will be efficient for them to hire a reliable provider of Singapore payroll services for it....

read more May 21, 2014