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Showing posts from November, 2021

How to find best payroll services for your Business in Singapore

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  Finding the best payroll services in Singapore and shortlisting a few of them to review is easy. Please search on the internet for the payroll services in your area, and there you got them. However, the real question is how to parse the list and select the right provider of payroll services in Singapore who will take care of your compliance. Your business' payroll is its liability. Allowing an uninitiated or inexperienced payroll executive to handle it is not the right way to process it. It has legal implications. You need to put your foot right from the word go. And it is true whether you are paying your workers for the first time or replacing your existing payroll services provider. There is no other solution but to research and compare payroll services. So, you have to be spot on with the criteria so you can select the best provider for payroll outsourcing Singapore. You need to make a list of your business needs. It helps you in segregating payroll service providers that offe...

Filing of Financial Statements in XBRL Mode

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  XBRL filing services Singapore help companies in complying with the ACRA rules. The purpose of filing financial statements in revised XBRL format is to collect data in a consistent form. The data accumulated through XBRL filing is relatively easy to manipulate and mine. It can be processed to reveal market trends. The insights gleaned are helpful. The financial institutes, experts, and government agencies use them to make predictions. In Singapore, XBRL filing is mandatory for private companies limited or unlimited by shares. If you run such a company, you will need to do accurate XBRL filing to comply with ACRA's directives unless exempted. However, the first question that you should ask is, "Do I need to do XBRL filing for my business?" Do I Need to do XBRL Filing for My Business? If your business is classified as a 'SMALL COMPANY', it means that it's: Annual revenue is S$10 Millions or less Total assets are S$10 Millions or less Employees are 50 or less i...