How to Ensure Accurate CPF Submission Employer Guide
Picture this: It’s the 13th of the month, and you’re racing against time to submit your employees’ CPF contributions. Sound familiar? You’re not alone. As someone who has worked with numerous Singapore businesses, I’ve seen firsthand how CPF submissions can become a source of stress for many employers. But it doesn’t have to be this […]
Withholding Tax Singapore: Important Things to Know
As an entrepreneur or finance professional in Singapore, it is of paramount importance that you understand your withholding tax obligations in order to comply with the law and avoid facing any penalties. This purpose is to equip you with a wide overview of withholding tax Singapore. What is Withholding Tax? Withholding tax refers to tax […]
How to File Your Income Tax in Singapore: A Complete Guide for 2024
Filing income tax in Singapore does not have to be a nightmarish experience. As we move towards the 2024 tax season, I shall take you through everything you need to know about the filing of your returns for Year of Assessment (YA) 2024, covering income earned in the year 2023. Important Dates To Remember To […]
CPF Allocations: A Path to Financial Security
Ever wonder why one of the most successful social security systems in the world belongs to Singapore? It’s in a well-structured CPF allocation that helps citizens build a nest egg. Let’s jump into such a spirited system that has been securing financial futures since 1955. Understanding CPF Allocations: The Basics Think of your CPF allocations […]
Steps to Secure Government Grants for Small Businesses in Singapore
As a small business owner in Singapore, you are probably all too familiar with the challenges of navigating the startup environment and finding resources to grow your venture. However, one option worth checking out is government grants for small businesses. As they are developed to help businesses recover by purchasing equipment, recruiting talented employees, or […]
What is the Process for GST Filing with IRAS?
If you own an enterprise in Singapore it is prudent to avail a preliminary view of the GST filing IRAS (Inland Revenue Authority of Singapore) necessary for maintaining compliance with taxes. I will take you through GST filing’s essential parts clearly and data-rich. The Basics of GST Filing to Know Before we jump into the […]
What is Business Process Outsourcing and How Does It Work?
In Singapore, lots of companies are working towards evaluating their operations through various outsourcing techniques. Business process outsourcing is one of them. So what is BPO, and how would it help the industries in Singapore? Brief overview of Business Processes Outsourcing Business process outsourcing indicates engaging external service providers to acquire tasks that a company […]
What is Employee Self-Service (ESS) Payroll?
Employee Self-Service (ESS) Payroll is an online portal that empowers employees to self-manage payroll-related information. It is like your personal assistant on your payroll, reserved for you 24 hours a day, seven days a week, right at your fingertips. In Singapore’s ever-changing organizational setting with remote and hybrid work arrangements becoming more common, ESS Payroll […]
Step-by-Step Guide to E-Filing Your IRAs: Making Retirement Planning Simple
E-filing IRAs offer convenience and accuracy in managing retirement accounts that paper filings cannot match. In this guide, we shall take you through the entire process, be it setting up a new Individual Retirement Account (IRA) or managing an existing one. The Basics Of IRA E-filing Before going into the steps, it is crucial to […]
How Do Payroll Services Improve Efficiency for Midsize Firms in Singapore?
Payroll management, especially for midsize businesses in Singapore dealing with growth and operational aspects, feels like balancing on a tightrope. With 100 to 250 employees involved, payroll services for midsize businesses moved from comfort to a critical enabling tool in maintaining efficiency and compliance within today’s frenetic business landscape. The Growing Complexity of Payroll Management […]