Being an owner of a company, there will come a time when there is a need to decide how to remunerate yourself so that you can reap the benefits of your profits. There are a few ways to do so, but each having its own pros and cons. You can either draw out your own […]

Transfer pricing is the price that related parties transact goods, service and intangibles between them. Related parties could be of two sorts: Either one of them directly or indirect controls the other such as in the case of branches or head offices, or both are under a common control party such as in the case […]

Withholding tax in Singapore is used to collect taxes from non-resident companies and individuals who earn income sourced in Singapore. It refers to the tax withheld and paid to IRAS when a Singapore Payer makes a specified payment to a non-resident Payee for services or work done in Singapore. Singapore withholding tax is necessary for […]

Goods and Services Tax (GST) is a broad-based consumption tax levied on the import of goods, as well as almost all the supplies of goods and service in Singapore. Companies can be registered for GST either under compulsory registration or voluntary registration. The liability for compulsory registration of GST depends on the value of one’s […]

A private limited company is a business that is a legal entity that is separate and distinct from its directors and shareholders. Companies can be private which limits the number of members to 50 or public where it can have more than 50 members. A private limited company is one that is locally incorporated where […]

Whether your company uses traditional or online accounting services, accounting is a crucial aspect that pencils the results and success of the company. These numbers, while not always exciting, helps to steer your company in the right direction with data and analytics. With the rise of online accounting firms in the market, let’s deep-dive on […]