Getting Productivity Solutions Grant (PSG) Introduction SMEs in Singapore often juggle many tasks: daily operations, manual work, customer demands, reporting, etc. The Productivity Solutions Grant (PSG) helps lighten that load. It supports local small and medium businesses in adopting IT…
Amendment to FRS 119: Reduced Disclosures Extended to More Entities Introduction ACRA is making financial reporting simpler for many small companies. With the recently amended FRS 119 – Subsidiaries and Small Entities without Public Accountability: Disclosures, eligible entities will now…
MAS’ Green Investments Partnership Secures US$510 Million at First Close Introduction The Monetary Authority of Singapore (MAS) just marked a major milestone in green finance. Its Green Investments Partnership (GIP), under the FAST-P initiative, has reached its first close with…
IRAS Revenue Collection: Supporting Singapore’s Growth with Responsible Taxation Introduction The Inland Revenue Authority of Singapore (IRAS) plays a central role in sustaining Singapore’s economic and social development. In the latest fiscal year, IRAS collected large‐scale tax revenue that enabled…
Introduction Taxes in Singapore are not just about numbers — they’re about compliance, strategy, and reputation. Too many business owners learn the hard way when penalties, audits, or missed tax incentives hit their bottom line. Don’t regret it later —…
Introduction Businesses in Singapore face complex tax rules, and uncertainty can affect major decisions. The Advance Ruling System for Income Tax gives taxpayers a clear, written interpretation of how the Income Tax Act 1947 applies to their proposed arrangements. By…
Introduction GST registration remains a key compliance duty for businesses in Singapore. When your taxable turnover is expected to exceed S$1 million in the next 12 months, the law requires you to register under the prospective basis. Recently, the government…
What You Can Do: Self-Review for GST Compliance IRAS gives GST-registered businesses clear tools to assess their GST processes. You can download and use helpful self-review forms—without actually submitting them—to check your compliance and improve internal controls. These forms become…
Introduction At USAFE Audit & Assurance PAC, trust and professionalism guide everything we do. To reinforce these values, we are proud to announce that the USAFE logo is now a registered trademark in Singapore. This recognition comes from the Intellectual…
Accredited Training Organisations (ATOs): Building the Next Generation of Chartered Accountants Introduction Embarking on the journey to becoming a Chartered Accountant of Singapore demands more than academic excellence; equally vital is real-world experience. Consequently, Accredited Training Organisations (ATOs) stand at…
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