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Sharon Choo
Dec 3, 20243 min read
Business Owner Edition: Tips to Avoid Common Accounting Mistake
Avoiding common accounting mistakes is essential for maintaining accurate financial records, ensuring compliance, and making informed...


Sharon Choo
Nov 15, 20242 min read
Understanding Financial Statements: A Guide for Non Accountant
Understanding financial statements is essential for business owners and professionals, even if you don't have an accounting background....


Sharon Choo
Nov 14, 20243 min read
Cash Flow Management tips for Growing Businesses
Effective cash flow management is essential for growing businesses to support expansion, manage operational expenses, and remain...


Sharon Choo
Nov 7, 20242 min read
Financial Ratio Every Business Owner Should Know
For business owners, knowing essential financial ratios provides valuable insights into profitability, efficiency, liquidity, and...


Sharon Choo
Nov 4, 20246 min read
The Comprehensive Guide to Dividends in Singapore
What is Dividend? A dividend is a portion of a company's profits paid to its shareholders as a return on their investment. Is it...


Sharon Choo
Oct 9, 20242 min read
Related Party, Transactions and Disclosure in FS
Definition of a related party A related party is a person or entity with control or significant influence over the reporting entity....


Sharon Choo
May 5, 20242 min read
What is a Dormant Company
The Definition A dormant company refers to an entity that has ceased trading, lacks significant accounting transactions and generated no...

Sharon Choo
Mar 17, 20243 min read
Maximizing Efficiency and Profitability: The Benefits of Regular Stock Checks in the Food and Beverage Industry
Introduction: In the bustling and competitive world of the Food and Beverage (F&B) industry, efficient management of inventory stands as...


Sharon Choo
Mar 10, 20243 min read
The Fundamental Importance of Regular Bookkeeping: A Pillar of Financial Stability
In the dynamic realm of business, amidst the flurry of strategic decisions, market fluctuations, and operational challenges, lies a...


Sharon Choo
Jun 16, 20232 min read
Foreign Worker Levy (FWL) Rates for Various Sectors in Singapore
Foreign Worker Levy Under the Foreign Worker Levy (FWL) system, employers in Singapore are subject to both quota restrictions and a...


Sharon Choo
Jun 15, 20232 min read
Skills Development Levy (SDL)
What is SDL? Skills Development Levy (SDL) is a compulsory levy that employers in Singapore are required to pay for all their employees,...


Sharon Choo
Jun 15, 20232 min read
CDAC, ECF, MBMF and SINDA
What are SHG funds? SHG stands for Self-Help Group. SHGs were established to provide support and assistance to low-income households and...


Sharon Choo
Jun 14, 20231 min read
CPF Salary Ceiling from 1 September 2023
From 1 September 2023, there will be changes to the CPF salary ceilings to ensure that the CPF system remains relevant in meeting the...

Sharon Choo
Jun 14, 20232 min read
Types of CPF Accounts and CPF Rates
CPF (Central Provident Fund) contributions in Singapore refer to the mandatory contributions made by both employees and employers to the...


Sharon Choo
Jun 13, 20236 min read
Power and Roles of Company Secretary
Company Secretary I. Definition A company secretary is an officer appointed by a company primarily to ensure that the company complies...


Sharon Choo
Jun 13, 20236 min read
Types of Directors, Director’s Duty and Appointment of Director
The term "directors" refers to individuals who hold the position of director in a corporation, regardless of the title or designation...

Sharon Choo
Jun 11, 20231 min read
COVID-19 Government Grant / Payouts to Businesses and Individuals
Government grants and payouts related to COVID-19 can have varying tax treatments depending on their nature and purpose. While specific...


Sharon Choo
Jun 10, 20231 min read
Taxable and Non Taxable Grants / Payouts
A grant or payout is taxable if it is given to supplement the trading receipts or to defray the operating expenses of a company. In this...


Sharon Choo
Jun 10, 20232 min read
Taxable and Non-Taxable Income
Taxable Income Taxable income in Singapore refers to the income earned by individuals or companies that is subject to taxation under the...


Sharon Choo
Jun 10, 20232 min read
Singapore Corporate Income Tax Rate and Exemption
In Singapore, both local and foreign-owned companies are subject to a flat tax rate of 17% on their chargeable income. The chargeable...
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