A Guide to IRAS’s Cash Accounting Scheme for Small Businesses Navigating GST obligations can be a challenge—especially when invoices go out but payments trickle in. That’s where IRAS’s Cash Accounting Scheme (CAS) shines: designed specifically to ease the burden on…
Singapore’s New CSP Act Comes Into Effect — What It Means for Businesses and Service Providers As of 9 June 2025, the Corporate Service Providers (CSP) Act 2024 and the CSP Regulations 2025 officially came into effect. This new legislation…
ACCA Exam Results Are Out on 14 July 2025 – Best Wishes from Genesis Origo and USAFE! To all ACCA students, the moment you’ve been waiting for is almost here. On 14 July 2025, ACCA will release the latest exam…
How ACCA Members Can Become Chartered Accountants of Singapore – Your Complete Guide Introduction Are you an ACCA member looking to advance your career in Singapore? The Institute of Singapore Chartered Accountants (ISCA) has introduced an exclusive pathway for ACCA…
The Israel-Hamas Conflict: How It Affects Small Businesses and Global Markets Introduction The recent war between Israel-Hamas has had a significant impact beyond the battlefield, affecting global supply chains, investor confidence, and small businesses worldwide. Conflicts of this scale not only…
New Singapore Law Increases Fines for Corporate Service Providers Violating Anti-Money Laundering Rules A new law in Singapore will increase fines for corporate service providers that fail to comply with anti-money laundering regulations. The fines will rise from S$25,000 to…
Clarifying Tax Planning VS Tax Avoidance: Insights from GCL v Comptroller of Income Tax The recent case of GCL v Comptroller of Income Tax sheds light on the nuanced differences between tax planning and tax avoidance. While tax planning is…
ACRA Takes Action Against Unethical Corporate Service Providers in Singapore The Accounting and Corporate Regulatory Authority (ACRA) is intensifying its efforts to identify and eliminate unethical corporate service providers (CSPs). Subsequently, to prevent companies from being exploited for illegal activities…
CPF Contribution Rate 2024 Interest Rate: The interest rate for CPF in 2024 is set at 4.08% per annum. Contribution Rates: Below 55 years: Employees contribute 20% of their salary, with employers contributing a matching amount. 55 to 60 years:…
How Inflation Erodes the Value of Your Money If it feels like your dollar doesn’t go as far as it used to, you’re not imagining it. The reason is inflation, which describes the gradual rise in prices and the slow…
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