📘 FRS 18 (Presentation and Disclosure in Financial Statements): A Complete Guide for Singapore Businesses Singapore, October 2025 — The Accounting Standards Council (ASC) has officially adopted FRS 18, aligning Singapore’s standards with the International Financial Reporting Standards (IFRS 18)…
💼 Smart Tax Planning: How Licensed Professionals Help You Save More Singapore, October 2025 — Effective tax planning isn’t about avoiding tax — it’s about optimizing what you pay within the law. With Singapore’s evolving tax landscape and stricter compliance…
Digital Collaboration for Businesses & Employers: Seamless Tax Filing with #SFFS Introduction IRAS is enabling a smoother, more accurate tax filing experience through its #SeamlessFilingFromSoftware (#SFFS) initiative. Under this scheme, businesses and employers can submit tax returns and employment data…
Singapore Reinforces Its Standing as the World’s 3rd Largest FX Trading Hub Introduction The Monetary Authority of Singapore (MAS) has unveiled compelling new data confirming Singapore’s rise in global foreign exchange (FX) markets. As of April 2025, Singapore’s average daily…
Stamp Duty Relief: Transfer of Assets Between Associated Entities Introduction When companies move assets like shares or property within a group, stamp duty usually applies. This can make corporate restructuring costly. To ease the burden, IRAS provides stamp duty relief…
Introduction In your GST accounting, deposits and down payments often raise questions: When can you claim the input tax? What conditions must be met? This article walks you through the common scenarios, IRAS’ rules, and best practices. Key Principle: Claim…
Resident vs Non-Resident Company in Singapore – Pros and Cons Explained Introduction When setting up a business in Singapore, one of the key considerations is whether your company will be treated as a resident company or a non-resident company. This…
Input Method Percentage of Completion – Revenue Recognition Explained Introduction The Input Method Percentage of Completion is a recognized approach for revenue recognition under IFRS 15 and FRS 115 in Singapore. Unlike the output method, which tracks deliverables, this approach…
Output Method Percentage of Completion – A Guide for Revenue Recognition Introduction The Output Method Percentage of Completion is one of the most widely used approaches for recognizing revenue in long-term projects such as construction, engineering, and large service contracts.…
Introduction Singapore has quickly become a hub for digital finance. With initiatives such as Project Guardian and MAS’s regulatory sandbox, businesses are exploring opportunities in digital assets and tokenisation. However, one question remains a concern for many companies: how will…
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