Tuesday 3 October 2017

How Working with Accounting Firms Singapore Can Help a Business to Grow

Singapore is one of the most important business areas in Asia which means that companies from various parts of the globe come on a regular basis to set up their companies here. The ready infrastructure, easy availability of skilled and qualified workforce, high speed internet and a lenient tax system are some of the factors that make Singapore one of the best places in the world to conduct business. Companies that have made in a move in Singapore have found their profits skyrocket within a short period of time. It is due to such factor that setting up a company offshore branch in Singapore is such an attractive proposition.


As the global business scene becomes more and more rigorous and competitive with every passing year, companies are opting for alternate ways to improve their prospects. Once a company decides to come and settle in Singapore, it needs to invest in the right kind of company incorporation services to get registered with the local company listing. After this is taken care of, the business firm also needs to find an accounting firm that can help in managing all the financial accounting needs of the business house.


Accounting firms Singapore have the right kind of experience and exposure in dealing with the needs of international business houses. They can manage their day to day accounting papers and see to it that their profits increase at the end of an accounting period. The accounting firms can also guide the companies on how to best manage their financial resources so that they have more money to plan on their expansion. They can also prepare the tax papers and make sure that the company is perfectly compliant with the payroll requirements. It is for factors such as these that the services offered by accounting services in Singapore are considered so necessary. 

Sunday 7 May 2017

The Options That You Get in Singapore

You can always form a sole proprietorship in Singapore but the thing is that such companies come with a fair bit of problem. For example, it is really hard to transfer the ownership rights of the business from one person to another. Here the business lives as long as you are there and dies when you are gone. The only way in which you can transfer ownership in such a company is by selling the business assets. You can also establish a partnership company over here. A partnership company is basically an alliance between two or more people. They co-own the company in question and also share the profits.


If you want to set up a company in Singapore you should make sure that your finances are in order and for that you can avail some online accounting services provider as well. In Singapore there are three kinds of partnership companies that you can choose from – general partnership, limited liability partnership, and limited partnership. A general partnership may not be a viable choice in Singapore from an economic point of view. One of the major reasons for such a statement is the fact that much like sole proprietorship these companies are not regarded as separate legal entities. This means that your liabilities are just endless.

Yet another problem with such an arrangement is that as a partner you would be personally held responsible for the debts incurred by the company, even if you are responsible for it or not. Even if your partner makes a mistake in the business it will affect your business and you will face the impact as well, whether you want it on yourself or not. You can also start a limited partnership here in Singapore as well. In case of these companies you can have a certain number of partner’s alongwith a general partner.

Tuesday 21 March 2017

Why Working In Singapore Is Like A Dream

Singapore is one of the hubs of global business and has an infrastructure that is second to none. Its government is also reasonably in favour of business and various processes such as company registration can be done quite easily over here. Its business policies also happen to be among the finest of their kind in the world. The World Economic Forum has also stated that it is the best economy in Asia as far as being competitive is concerned. Singapore is at par with the very best that the world has to offer in terms of being a possible destination for business investments. 



As you would see when you check for the list of companies that are presently active in this Southeast Asian country, a lot of companies are multinationals. This should give you some indication as to how good Singapore is as a business destination. It is the ideal choice for them. The Department of Statistics, Singapore has also said that there are around 189,000 small and medium enterprises presently active in this country. This should tell you how well this small country – once a part of Malaysia – is doing now in the global business domain. All the aforementioned companies are working with Singapore as the base of their operations.

Nowadays, Singapore is well-known for being a business destination that businesses like to use as their take-off point. It also gives you ready access to other major markets in Asia and that is not something to be scoffed at. There is much more to Singapore’s economy than all the hustle and bustle that you see on a regular basis. A lot of the credit for the present status enjoyed by this country goes to its workforce that happens to be extremely skilled. They never shy away from working for long hours. A Singapore director works just as hard as the common employee.

Thursday 19 January 2017

The Benefits of Online Accounting Services And More

It’s great to access accounting services online. Yes! It is. The very purpose of outsourcing accounting services is to save time (besides of course, guarantying expertise). There are several agencies offering accounting services to businesses. Everything starting from streamlining transaction documents to ensuring timely submissions in compliance with the IRAS regulations – is handled by them.



Accounting services: How do the online services help you?

The introduction of online accounting services has made it even easier for businesses to work with these agencies. Now, as an entrepreneur looking to get incorporated in Singapore or for that matter to get your taxes in order you are not really required traversing long distances to visit the offices separately. You can just send them over the internet after e-signing the same.

When it comes to selecting the right company, you should give due precedence to groundwork. Only when you’re ready to conduct proper research, will you be able to find a reliable company that can take care of all your complicated accounting needs without hassle. So, how exactly would you know whether the company selected by you is a credentialed one or not?

Finding out about these services and more

The simple answer would be to go through the reviews online and seek recommendations as well. What do the clients have to say about the quality of services offered by them? What exactly are your peers saying about the worth of the services offered by the accounting agencies you’re considering at present?

Keep these points in view in order to be duly guided in this regard. Kindly do not opt for services without really obtaining answers to these questions. Hopefully, they will help you get the best deal in the market possible.

So, it is only prudent on your end to pay heed and act in accordance.