All You Need To Know About Registration Of And Accounting For Non Profit Organization Or NPO
I met a group of very successful businessmen just after the CNY holidays who would like to contribute and pay forward to the society. They enquired about how to set up an organization legally to help the needy. I shared with them, and because of the good cause, it prompted me to write this article […]
20 things you ought to know about the Statutory Compliances in Singapore!
Lately we ( CBO ) received quite a number of enquiries about incorporating a new company in Singapore. These enquiries came from first time start-up entrepreneurs who want to venture out on their own due to various reasons. However, they have the common question – what are the various statutory Compliances in Singapore they have […]
Productivity & Innovation Credit (PIC)
Rush to your desk ! The annual Form C tax filing dateline is coming, i.e. 30th November, will be 15th December if e-file ! For many, this dateline means the last date to claim PIC for qualified PIC expenses incurred up to 31 Dec of last year. Suddenly, my office was swamped with telephone […]
Payroll : Deductions From Employee Salary
Warning to all business owners here…Watch what you deduct from your employee’s salary… Allowable salary deductions * you can deduct your staff salary only for specific reasons or if required by authorities : 1. By court order, or other valid authority. 2. If you are declared an agent for the recovery of income tax, […]
Exempt Private Companies (EPC)
Yesterday I was talking with a prospect client on company formation matters. He was trying to understand if his intended new company needs to be audited, & he claimed his circle of business friends have informed that his intended company will be exempted from the need to be audited, & hence there is no […]
Navigating The Year End IR8A Minefield
We have come to the time of the year when all employers are required by law to report their employees earnings for the year again ! All employers are required by law, i.e. Section 68(2) of the Income Tax Act, to prepare Form IR8A and Appendix 8A, Appendix 8B or Form IR8S (where applicable) for […]
