Blog / Activities

18
Aug

Young Entrepreneur Gathering

Young Entrepreneur Gathering On the 17 July 2014, about 40 young entrepreneurs gathered for a small meetup with other fellow young entrepreneur to discuss their startups and also share and network.Event was a great success, do join us for the next one on the 24th of September 2014 !Are you an aspiring entrepreneur, join us now and you can be part of the young entrepreneurial crowd!Our company assist customers with corporate services such as accounting, taxation, corporate secretarial and payroll services.We also do advisory for startup businesses, so why wait ! Contact us now!Here are some of our event photos:  Young Entrepreneur Gathering

13
Jul

Tax Benefits of Starting a Business in Singapore When we hear of Singapore, we always think of it as the clean city in the east with many rules set forth by the government. Little did we know that in the span of 40 years, this third world island nation has become one of the richest in the world with per capita GDP as the top 3 in the world. In Singapore there are a few set of tax benefits that not only benefit businesses but also the business owners who may have multiple investments in Assets and this would be good news for those who are looking to either stay here for the long term or even think of settling down in Singapore. We will talk about the business tax benefits first then talk lightly on personal tax benefits.Singapore has NO capital gain tax | Tax Benefits of Starting a Business in SingaporeYes you read it right, Singapore does not have a capital gain tax as the economy encourage the growth of capital. BUT this does not mean a trader in property is exempted. To be exempted from capital gain tax, there are a ...

10
Jul

Accounting Job

Accounting Job in Singapore Hey there!Did you know that Singapore is planning to become an Accounting Hub for South East Asia , Asia and even the world.This is the vision of the  Committee to Develop the Accountancy Sector (CDAS) "An accountancy sector marked by vibrancy and diversity of talent mix; thought leadership; globally recognised programmes for professional education and development; high value-add; and its overall contribution to Singapore’s economy."With this in mind, many changes has been set in place to improve the accounting sector as a whole and also to increase the supply of qualified accountants to cater for this growth.The Certified Public Accountant has been slowly phased out to welcome, the Charted Accounting (CA) Singapore title and there are programmes such as the Singapore Qualifying Programme. SQP hopes to bring in professionals from other sectors into the Accounting sector to help it grow and together with them bring ideas and concepts from other sectors.The Accounting scene has since grew at a tremendous rate and with only about 1000 graduates from the Singapore ...

07
Jul

OCBC Startup Business Bank Loan – No Collaterals

OCBC Startup Business Bank Loan When it comes to financing your startup, there are many ways that you can work on such as:Friends, Family and Fools loans, basically loaning from the ones around you Startup funding from investors, eg. Seeds, Angels, VCs Bank loans (similar to these offered by OCBC)OCBC has been one of the preferred partners of startups and recently they release this new non-collateral loan for startups of up to $100,000OCBC is the second largest lander in Singapore and has recently announced, that it will provide startups from 6 months old an easy to approve loan of up to S$100,000.To make the experience of startup founders taking the OCBC startup loan a good one, it is stated in the press release, i quote "Loan approval takes one day, and business owners only need to complete a simple one-page form, provide their NRIC, latest personal IRAS Notice of Assessment and the company’s latest bank statement".For startups that are looking at means of running a business and requiring support through this OCBC Startup Business Bank Loan.

19
May

Startup Accounting

Startup Accounting Are you a startup business trying to find your way around?Starting up can be a very tough process and through this process you probably have to handle many things that you do not have prior experience for. For example, doing the incorporation, having share holders agreements (this is one big catch, how do you know how draft something that is legal binding and something that is kept by a neutral third party) , preparing accounting systems so that you can issue your invoices and receive receipts.After this process you go on to start your marketing, develop your products , go for government grants and start making money.There are so many components of work that you will be looking at and this shouldn't be the case.Some of the common questions that start up founders would ask:1. Am i invoicing my clients correctly? Did i miss out on anything that makes my invoice enforceable ?2. Do i keep receipts when i meet clients? Are they useful for accounting and tax purposes?