Insights
FAQS ABOUT AUDITS
Audits are an objective examination and evaluation of a company’s financial statements to ensure fair and accurate records of the company’s transactions. Many companies are unfamiliar with audit procedures, leading to mistakes in compliance that can be costly if they fail to meet regulations. In this article, we’ll go over some frequently asked questions about […]
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A SIMPLE GUIDE FOR XBRL FINANCIAL REPORT FILING FIRST-TIMERS
The Accounting and Corporate Regulatory Authority (ACRA) has recently amended their XBRL filing requirements and data elements, effective as of 1 January 2021. The XBRL preparation process and filing may seem a bit too complicated, but in reality, they serve as a function to streamline the financial statements tracking for ease of data analysis in Singapore. […]
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TOP 5 REASONS WHY SINGAPORE SHOULD BE YOUR TOP CHOICE TO SET UP A COMPANY
More and more entrepreneurs, corporations and ventures of all sizes across the world are incorporating their business in Singapore. Why is this so? What makes a small island such an attractive jurisdiction? Here are the top 5 reasons why Singapore is a popular choice to incorporate. A rational tax system with low tax rates Singapore […]
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SCS ACCOUNTING – APPOINTING A COMPANY SECRETARY: ROLES AND RESPONSIBILITIES
With all the regulations and requirements associated with registering a company in Singapore, it’s easy to become disorganized and miss out on deadlines and be overwhelmed by seemingly minor yet crucial office tasks. This is why assigning a corporate secretary is a critical decision every business owner needs to make. Not only are they accountable for safekeeping […]
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WHY OUTSOURCING ACCOUNTING SERVICES IS CRUCIAL FOR YOUR SMALL BUSINESS
As a small business owner, we don’t have to tell you how overwhelming running a business can be. Between clinching important deals, managing employees and finalising future plans, how much can you realistically dedicate to the boring and mundane tasks of day-to-day accounting? Yet many small business owners still find themselves caught between two minds […]
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