New CRS Requirements: Paid-Up Capital and Project Track Record – Are You Ready? From 1 June 2025, the Building and Construction Authority (BCA) will implement enhanced requirements under the Contractors Registration System (CRS). This marks a significant shift for contractors,…
How Does IRAS Tax Cryptocurrency in Singapore? A Complete Guide for 2025 Cryptocurrency is no longer just a niche investment. In Singapore, individuals and businesses are increasingly trading, holding, and even accepting digital assets as payment. But with this growth…
Tax Hacks: How Singapore SMEs Can Save Thousands Legally Running a business in Singapore isn’t cheap — rent, manpower, compliance, and competition all add up. But many small and medium-sized enterprises (SMEs) pay more tax than they should simply because…
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 —…
Why USAFE Is Your Iron Man: 24/7 Support Across Asia At USAFE, we pride ourselves on being more than just an accounting and audit firm. We are your Iron Man—always ready, always reliable, and always on your side. What makes…
Incorporate Your Company with Confidence: End-to-End Business Setup Services by a Licensed Public Accountant (PA) Firm in Singapore Setting up a company in Singapore is a strategic move for many entrepreneurs and international investors. However, navigating the legal, banking, and…
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…
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