The Job of a SME CFO: A Comprehensive Guide
The Job of a SME CFO: A Comprehensive Guide A Chief Financial Officer (CFO) plays a critical role in the financial and strategic management of a company. For Small and Medium Enterprises (SMEs), the role of a CFO is both broad and vital, encompassing everything from financial planning to operational efficiency. While large corporations often […]
Documents Required by a Bookkeeper to Do Bookkeeping
Documents Required by a Bookkeeper to Do Bookkeeping Bookkeeping is the backbone of financial management for any business, ensuring accurate records are maintained and compliance with regulatory requirements is achieved. A bookkeeper’s role involves recording, organizing, and reconciling financial transactions to provide business owners with a clear financial picture. To do this effectively, bookkeepers require […]
What to Watch Out for When an SME is Doing Its AGM
What to Watch Out for When an SME is Doing Its AGM The Annual General Meeting (AGM) is a crucial event for small and medium-sized enterprises (SMEs) in Singapore. It serves as a platform to review the company’s performance, engage with shareholders, and ensure compliance with statutory requirements. However, planning and executing an AGM can […]
Advantages of Incorporating a Company in Singapore Over the Rest of Southeast Asia
Advantages of Incorporating a Company in Singapore Over the Rest of Southeast Asia Incorporating a company in Southeast Asia offers businesses access to a dynamic and growing market. However, among the countries in the region, Singapore stands out as the most favorable destination for incorporation. With its robust legal framework, business-friendly policies, and strategic location, […]
What Are the Documents You Need to Prepare When Incorporating a Singapore Company?
What Are the Documents You Need to Prepare When Incorporating a Singapore Company? Incorporating a company in Singapore is a straightforward process, thanks to the country’s pro-business policies and efficient government systems. Whether you’re a local entrepreneur or a foreign investor, understanding the documents required for incorporation can help streamline the process and avoid unnecessary […]
What is an MCST Audit and Why Do MCSTs Need to Get Audited Annually?
What is an MCST Audit and Why Do MCSTs Need to Get Audited Annually? Introduction In Singapore, Management Corporations and Subsidiary Management Corporations (MCSTs) play a vital role in the management and upkeep of strata-titled properties such as condominiums, commercial buildings, and mixed-use developments. These entities are tasked with ensuring the smooth operation of shared […]
The Responsibilities of a Singapore Corporate Secretary
The Responsibilities of a Singapore Corporate Secretary In Singapore, the role of a corporate secretary is vital to ensuring a company operates within the legal framework established by the Accounting and Corporate Regulatory Authority (ACRA). Every company incorporated in Singapore is required to appoint a corporate secretary within six months of incorporation, emphasizing the significance […]
Is Appointing a Corporate Secretary Compulsory in Singapore?
Is Appointing a Corporate Secretary Compulsory in Singapore? Singapore is renowned as a global business hub, offering a pro-business environment, efficient regulatory framework, and strategic geographical location. Among its regulatory requirements, appointing a corporate secretary is not just recommended but compulsory for every company incorporated in Singapore. This article delves into why this requirement exists, […]
When Should a Business Consider a Bookkeeping Company Over a Freelancer?
When Should a Business Consider a Bookkeeping Company Over a Freelancer? Bookkeeping is a critical function for any business. It ensures accurate financial records, compliance with regulations, and provides insights into the financial health of a company. However, the question of whether to hire a freelance bookkeeper or a bookkeeping company often arises, especially for […]
Why Having a Payroll Services Provider is Useful for a Singapore SME Owner
Why Having a Payroll Services Provider is Useful for a Singapore SME Owner Singapore is a hub for small and medium enterprises (SMEs), which form the backbone of its economy. These businesses, often constrained by limited resources, must focus on their core operations to remain competitive in a fast-paced market. Payroll management, while critical, is […]