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Showing posts from October, 2021

Online Bookkeeping Services- Do You Need It In 2021?

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  Online bookkeeping services are assisting Singapore companies in ensuring their compliance. They are helping them in taking care of data entry that is free of typos, reviews and timely bookkeeping. You, too, can rely on their experts for correctly digitizing  your invoices, bills, expenses, and deposits accurately. Enlist the Right Bookkeeping Services Singapore! It Matters Appointing an online bookkeeping Services works even in 2021. Small business owners have to do many tasks to run their business. They communicate with their customers, providers, marketers, suppliers, lenders, Etc. And many of them find themselves spread thin. In the evening, at the end of a hectic workday, they find it difficult to do the bookkeeping or accounting for their business. At this stage, they start looking for ways to reduce and optimize their time spent on various tasks. Hiring an online bookkeeping service provider is a perfect solution for them for maintaining business' financial records. I...

Tips for Choosing the Best Payroll Services for Your Business

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Any owner in Singapore will tell you that payroll processing for their business is never fun. However, it is a necessary task. And if you are a small business owner, you multi-task. Enlisting a reliable provider of payroll services in Singapore will reduce your workload and set you free of stress. As per Employment Act, they have to do it in order to pay their employees within 7 days of the end of every pay cycle. Whether there are 5 employees or 500, you must pay them regularly and on time. It is why many companies choose payroll outsourcing Singapore. It takes care of compliance and employee morale. Tips for Short-listing a Payroll Services Company in Singapore Selecting the best payroll services provider can be time-consuming and tricky. Here are a few effective tips for choosing a payroll company for your Singapore business. #1. Know Your Business' Payroll Needs Before randomly hiring a firm for payroll outsourcing Singapore, you should first make a list of your payroll needs. ...

Reasons for Outsourcing Payroll in Singapore

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  Payday is an important day for every employee. If you are still doing your payroll processing manually, the chances of getting it wrong are high. Companies want to avoid it and hence, appoint payroll services in Singapore. Dissatisfied employees can ruin the positive environment in the workplace. It can affect your output. The experienced providers of outsourced accounting services Singapore assist you in avoiding such a mess with their quality payroll services. Reasons for Appointing Payroll Services in Singapore There are many reasons why a small business should hire reliable payroll services in Singapore for this complex and time-consuming task. Let us see the most important of these, then, you can decide for yourself... #1. Complex Calculations Processing the payroll of a Singapore company is a tough task. It also takes time and knowledge of the Employment Act. As per the act, you have to pay your employees within seven days from the end of the current pay cycle. Payroll proc...

Filing Your Corporate Tax for Singapore in 2021 - What You Need to Know

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  The tax season is upon us. You need to be aware that the deadline for filing a corporate income tax return for your company is 30 Nov 2021. You need to submit your Form C-S/ C for the YA 2021 by it. Well, will you file it on your own or, like many other companies, choose to hire a reliable provider of taxation services Singapore? Yes, you can choose to file Singapore company tax by yourself, provided you know what you are doing. Since it is a time-consuming and complex task, many directors outsource it to expert tax consultants. Doing so frees them of worry about the accuracy of the tax return filed. Appoint Taxation Services Singapore The taxation services Singapore know their business and have the latest updates regarding the tax laws. It means they are in a position to advise you and optimize your taxes to a minimum tax amount without compromising your compliance. The tax consultants have updated knowledge about the tax incentives, reliefs, rebates, and treaties. They leverage...

Need of XBRL Filing Services in Singapore

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Do companies need XBRL filing services Singapore? Yes, they need these experts to comply with the prevailing regulatory requirements. As per the Companies Act, Singapore private companies (limited or unlimited by shares) need to file their annual returns with ACRA. It involves submitting their financial statements (if applicable). And unless exempted, they have to file these documents in XBRL format. XBRL Filing for Singapore Companies A company director or company secretary can use ACRA's web portal to submit an annual return and XBRL report. However, many companies prefer to appoint a registered filing agent to do so. It is a time-consuming task involving preparation and converting financial statements in XBRL format. The chances are that you may only have to submit an online declaration at the time of filing an annual return. However, if you need to submit a full set of FS in XBRL format, you must prepare and validate them before filing the annual return. XBRL Conversion While p...