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…
What Directors Should Know Before Signing Financial Statements in Singapore In Singapore, signing off on a company’s financial statements is more than a formality — it’s a legal responsibility. Whether you’re a nominee director, active founder, or newly appointed board…
Work Pass Applications in Singapore: EP, S Pass, WP – What You Need to Know Singapore remains a top destination for global businesses and skilled talent. As companies expand or relocate to Singapore, many face one common administrative hurdle —…
The Hidden Risks in Group Consolidation – And Why You Need an Experienced Audit Partner As companies grow and expand through subsidiaries or joint ventures, preparing accurate group consolidated financial statements becomes more important than ever. These statements provide a…
WIP Working Paper for Construction Companies: Why It Matters and How to Prepare It Construction projects often span months or years. For accounting, audit, and tax purposes, the Work-in-Progress (WIP) working paper plays a crucial role. It ensures that revenue,…
Revenue Recognition for Construction Companies in Singapore: Understanding the Input and Output Methods Construction businesses operate on long-term contracts that span months or even years. For these companies, accurate revenue recognition is critical — not just for compliance with Singapore…
Audit Considerations for Crypto-Related Businesses in Singapore As Singapore positions itself as a global digital asset hub, more companies in the blockchain and crypto space are choosing to incorporate locally. From exchanges and wallet services to token issuers and DeFi…
Using Financial Reports to Support Business Loan Applications in Singapore For SMEs and growing businesses in Singapore, access to financing can be a game-changer. Whether you’re planning to expand operations, invest in new equipment, or bridge cash flow gaps, a…
Setting Up a Subsidiary in Malaysia: Key Tax and Audit Considerations for Singapore-Based Businesses As Singapore-based companies look to expand their regional presence, Malaysia remains a top destination for setting up a subsidiary. With a shared language base, geographic proximity,…
GST Registration in Singapore: When Is It Mandatory and What Are the Risks? Goods and Services Tax (GST) is a consumption tax levied on most goods and services in Singapore. While many businesses operate without GST registration initially, certain conditions…
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