Insights
Our team at Kreston Helmi Talib is always on the lookout for industry news, and updates that are relevant to our clients whilst we share our insights on how each can impact businesses. Stay tuned to our latest releases to keep abreast of solutions, recommendations, and fresh perspectives on pressing issues brought about by the changing business landscape, and global headwinds.
Protected: Managing a Cross-Border Workforce: The People Side of Global Expansion
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FRS 118 : Implementation Guide for Businesses In Preparation of January 2027 Effectivity Date
As business landscapes and consumer behaviors evolve, financial reporting follows suit. With the introduction of the Financial Reporting Standards (FRS) 118: Presentation and Disclosure in Financial Statements, businesses in Singapore will have to rethink how they present and communicate their financial performance in a transparent and consistent manner to boost investor and stakeholder confidence. While the…
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Hacking Global Business Growth Through Outsourcing
Expanding internationally is one of the most effective ways to drive growth, unlock new markets, and diversify revenue streams. In hindsight, going global brings about significant challenges, especially in today’s volatile markets and complex cross-border regulatory requirements. This sentiment is backed by numbers as presented in the recent Kreston Global survey, the Interpreneur Report. The…
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Strengthening Internal Readiness Amidst Global Headwinds and Uncertainties
The ripple effects of rising geopolitical tensions, technological shifts and supply chain disruptions can be felt worldwide. In Singapore, particularly, business leaders reflect a more cautious approach to scaling up internationally. Below diagram is derived from Interpreneur Report 2026, a survey launched by Kreston Global, exploring the business expansion outlook of C-suite business leaders around…
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Amendments to Financial Reporting Standards (FRS) 109 & 107 : Business and Audit Implications
The International Accounting Standards Board (IASB) has recently issued narrow scope amendments to address emerging issues in the financial landscape that took effect on 1 January 2026. For businesses, the amendments are expected to streamline the way organisations measure and disclose financial assets and liabilities, covering modern financial instruments and complex business transactions, particularly those…
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Expanding Beyond Singapore: Why India and South Asia Should be Your Next Move
Singapore is Asia’s most attractive business hub, scoring 2nd worldwide just behind USA on this year’s Innovator’s Business Environment Index, that ranks countries with the best business environments worldwide. With an aggressive trade environment, consistently exceeding 300% on its GDP-to-trade ratio, Singapore is also the gateway where most businesses would set up in as a…
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Amendments to IAS 21 (Lack of Exchangeability)
The existing International Accounting Standards (IAS) 21, otherwise known as 'The Effects of Changes in Foreign Exchange Rates', provides guidelines and references for companies in using a spot exchange rate or rate for immediate delivery to report foreign currency transactions, present financial statements in a different currency, or translate a foreign operation.
As businesses expand and the world grows smaller, challenges start to arise, resulting to the need for the standard to evolve alongside the market demands.
Final GST Rate Change Effective 01 January 2024 - What does this mean for your Business?
Starting 01 January 2024, the second Goods and Services Tax (GST) rate increase will be in effect. One of our Tax Directors, Sharifah Nabihah Syed Mahmood has summarised a list of reminders, solutions, and preparations you can refer to for another seamless transition.
The Role of Generative AI in the Accounting Profession
With the rise of using humanoid Artificial Intelligence in the workplace, where do accountants find the balance between the benefits and doom it brings?
Why Outsourcing your Accounting Needs is the New Normal
Statutory compliance is getting stricter by the day. Along with the global economic decline, rapidly changing market demands and countless other challenges, keeping up with the standards and focusing on profit-generating areas of the business may not be an easy task.
This is where outsourcing your accounting needs to the experts may be a viable solution.
Step-by-step Guide in Incorporating to Singapore
Before maximising Singapore's rapid economic growth, the following requirements are note-worthy for a quick and continuous application process. You can prepare these by going through the list or you can assign a filing representative and expert agents who will complete the documents and processes on your behalf.
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