Overview of GST Reverse Charge

In Budget 2018, two regimes to levy GST on imported services, are announced to be implemented from 1 January 2020 onwards, namely Reverse Charge regime for Business-to-Business (“B2B”) supplies and Overseas Vendor Registration regime for Business-to-Consumer (“B2C”)...

How Does Singapore GST Assisted Self-Help Kit Work?

If your business is required to file for Goods and Services Tax (GST), the GST Assisted Self-Help Kit (ASK) is useful for all GST-registered businesses. It is a program designed by the Inland Revenue Authority of Singapore (IRAS) to help businesses in determining the...

Seven Tips on Efficient Bookkeeping for SMEs in Singapore

As you establish your business, you need to consider a lot of aspects - from doing extensive research on your target market, creating a positive work environment, managing your staff in keeping financial records. All these factors are essential in having a successful...

Five Advantages of Million Accounting System

When consumers mention accounting software, several names like MYOB, ACCPAC and Quickbooks come to mind. But have you ever heard of Million Accounting Software? If you have not, let us have a quick look on this particular accounting tool. Million Accounting System...

COVID-19: What Can A Company Do To Ensure Sustainability?

covid-19 Introduction From late January 2020 onwards, the world has been plagued with news on the coronavirus disease (COVID-19, previously known as 2019 novel coronavirus). A pneumonia of unknown cause was originated from Wuhan...