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Read more +05 August 2021 By Sheann in Entrepreneurship

Finding the Right Product to Sell Online

Selling the right product online Starting your business online isn’t as easy as it was 5 years ago. Not only is competition fierce, but consumers are also savvy enough to fish out the best prices for their products. Despite this, there are still entrepreneurs who enter the market and succeed. So how do you achieve
co-workingRead more +30 July 2021 By Sheann in Uncategorized

8 Best Co-working Spaces in Singapore

Co-working spaces in Singapore All of us know how our working spaces affect our work – being in environments full of colour and personality often puts us in a better headspace to get work done. If you’re looking for something different other than your office walls or home set-up, here are some of the co-working
bankRead more +27 July 2021 By Sheann in Uncategorized

Best Banks in Singapore for your E-commerce Business

Banks for your E-commerce in Singapore All budding entrepreneurs will know that setting up your own e-commerce business in Singapore involves more than creating a product and selling it. Among all the administrative and accounting issues you will have to handle, creating a bank account for your business is one of the first things you
insuranceRead more +19 June 2021 By Sheann in Entrepreneurship

Insurance for Businesses in Singapore

Business insurance Starting a new business can be exciting, but comes with its own sets of risks as well. It can be especially hard to mitigate these risks, given that they are unique to each type of business. Besides foreseeable risks, accidents such as fires can put your business back if there are no insurance
CPFRead more +17 June 2021 By Sheann in Uncategorized

Guide to CPF Contributions for New Employers in Singapore

CPF for Employers Most locals in Singapore would already know what the Central Provident Fund (CPF) is, considering that a cut of their income goes into their CPF accounts. However, the mechanics surrounding CPF are different when you’re an employer. If you’ve just set up your company here and aren’t sure about how CPF works
financialRead more +14 June 2021 By Sheann in Accounting

How To Choose A Financial Year End

Choosing a Financial Year End (FYE) Besides dealing with bookkeeping and taxes, an important part of incorporation is choosing a Financial Year End (FYE). This chosen date will be when you submit all your corporate filings and taxes. In this article, we’ll be going through what you need to know about your FYE and what
Read more +11 June 2021 By Sheann in Entrepreneurship

8 Best E-Commerce Platforms for Entrepreneurs in Singapore

Selling on e-commerce platforms Especially when it comes to selling products, it is often easier and more cost-efficient to sell on e-commerce sites instead of renting out a physical store or creating your own website. These sites are also a good way to test the waters and gauge market demand for your product. In this
Read more +06 June 2021 By Sheann in Uncategorized

Employment Pass, Work Permit and S Pass in Singapore

Hiring foreigners in Singapore As your company grows, you are going to start hiring more manpower to help maintain day-to-day productions or be in managerial positions. Though the labour policy in Singapore gives priority to Singaporeans, not all our locals might have the specific skill set that you may be looking for as a business
balance sheetsRead more +03 June 2021 By Sheann in Accounting

Reading Balance Sheets for Beginners

A guide to balance sheets Of all the documents that you’ll need to manage while settling the accounting for your firm, the most important one will be your balance sheet. For new firm owners who are not familiar with what it is, we’ll be breaking down everything you need to know about understanding this document. 
filingRead more +30 May 2021 By Sheann in Accounting

All About Filing Requirements with ACRA and IRAS

Filing ACRA and IRAS Requirements The Accounting Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS) are the two government agencies that local companies are required to file to. All companies in Singapore have to file their annual and tax returns to stay compliant.  As a business owner, you must know how to
record-keepingRead more +25 May 2021 By Sheann in Accounting

A Guide To Record-Keeping For Beginners

Record-Keeping By now, we all know of the large amounts of administrative work that go behind ensuring that your company runs smoothly. From bookkeeping to accounting, they all play a part in ensuring that you won’t run into any hiccups. If you’re completely unfamiliar with record-keeping, here’s a simple introduction to get you started. What
permanent residencyRead more +20 May 2021 By Sheann in Uncategorized

Applying For Permanent Residency In Singapore

Permanent Residency in Singapore If you’re looking to apply to become a permanent resident (PR) in Singapore, you probably already know of all the perks that come with staying in Singapore. The city has been consistently ranked as one of the top cities in the world to live in, with many perks such as healthcare
invoiceRead more +18 May 2021 By Sheann in Accounting

How To Create Your First Invoice

Now that you’ve got your business plan, it’s time to get down to the nitty-gritty, which includes creating your invoice. Learning how to make a simple invoice will allow you to start charging your clients, which in turn means that you get paid for your work.  What is an invoice? An invoice is sent out
e-commerceRead more +14 May 2021 By Sheann in Incorporation

Starting Your Own E-commerce Business in Singapore

Even before the COVID-19 pandemic, e-commerce has been a popular way for many entrepreneurs to start their businesses. Singapore has even generated at least one-third of total online sales in the Southeast Asian region. If you are thinking of creating your own e-commerce business in Singapore, we’re here to give you a step-by-step rundown of
bookkeepingRead more +12 May 2021 By Sheann in Accounting

A Simple Guide To Bookkeeping For Beginners

Bookkeeping refers to the process of recording all financial transactions made by a business. Bookkeepers are responsible for keeping a basic record of expenditures and receipts by the company. For small companies, bookkeeping can be relatively simple. But the larger a company gets, the more complex the bookkeeping system can get. If you don’t know
tax exemptionRead more +10 May 2021 By Sheann in Taxation

Understanding Corporate Tax Exemptions in Singapore

Incorporating a company in Singapore comes with many benefits, one of the biggest being the city-state’s low corporate tax rate. Even with these low tax rates, Singapore’s legal framework includes several tax exemptions schemes for all sorts of companies incorporated in Singapore. Overview of Singapore’s corporate tax All resident companies in Singapore are taxed on
holding companyRead more +04 May 2021 By Sheann in Incorporation

How To Set Up A Holding Company In Singapore

To put it simply, a holding company is an “umbrella” company that earns revenue from the assets that it holds in the subsidiary companies under them. They are not involved in the production of goods or services. Many big corporations all over the world including Singapore have been operating under this structure. If you’re considering
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