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.
Guide to Filing Your Annual Returns
An annual return (AR) is an electronic document to be submitted to the Accounting and Corporate Regulatory Authority (ACRA). It is intended to keep the company’s particulars with ACRA up to date and to provide critical information that will help the company’s stakeholders to make informed decisions. This section will go through the essentials to…
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Statutory Compliance Requirements
Companies that have been incorporated in Singapore are required to adhere to a set of compliance requirements as prescribed under the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) of the country. This section will give you an overview of essential filings and registrations that must be fulfilled. Filing…
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Hiring Employees: All You Need to Know
Singapore has evolved into a global hotspot for talent, ranking #2 overall in the Global Talent Competitiveness Index 2021. Individual and foreign companies who have set up their offices on this island city will find themselves open to a pool of quality talents including professionals in multidisciplinary fields, skilled and semi-skilled labour to boost their…
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Government Grants to Help Your Business
Singapore has long been promoting an economy that encourages investors and entrepreneurs to bring forth innovative ideas and business solutions. Some of the many programs the Singapore Government has introduced to support businesses include varied incentive grants and schemes to help them upgrade their digital systems, support innovative ideas, and attract global talent, among many…
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A Guide to Office Spaces in Singapore
Entrepreneurs and foreign companies who have made the decision to start or expand their business in Singapore can choose from a wide range of office space options available in the city. Commercial properties offer varied leasing and buying opportunities depending on the kind of location and features you are looking for. Before beginning your search, consider the following questions: Do I…
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Singapore Foreign Company Registration
Every year, more and more individuals and foreign companies are looking to set up or expand their business in Singapore. A hassle-free company incorporation procedure coupled with attractive policies and a conducive business environment have made this lion city a thriving metropolitan. This page will take you through the essentials of incorporating your foreign company…
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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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