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How to Sell Your Bright Idea

22 Oct 2009 - Published in Blog

Finding Capital Only one in a hundred startups will succeed, and the venture capitalist has to be able to pick the right one In Silicon Valley by Jek Kian Jin 7 March 2000 - Over the past year, I've received e-mail from readers asking for help and advice on starting their own business, ... Read More

Why Prepare a Business Plan?

Published in Blog

The process of putting a business plan together forces an objective, critical and unemotional look at the business project in its entirety. The business plan assists in determining the feasibility of the new business and its prospects for success. The completed business plan is an operating tool which, when used properly, will ... Read More

Shareholder Agreement

21 Oct 2009 - Published in Blog

This article discusses the uses of formal agreements between shareholders of a private company and the company. The term "shareholder agreement" is used to describe such agreements, although differences in scope of such agreements means that the term is not really a hint as to the contents of the agreement. Some ... Read More

How to Choose an Accountant?

Published in Blog

How to choose an Accountant? No matter what stage of life your business is in, you'll need an experienced accountant not only to prepare your taxes, but also to help you plan your long-term financial goals. A good small-business accountant understands and keeps you updated on latest tax laws, but should also ... Read More

Singapore – A Pro – Business Environment

Published in Blog

Singapore has an excellent pro-business infrastructure which is favoured by many business corporations worldwide. The Swiss-based World Economic Forum (WEF) has ranked Singapore the most competitive country in the world in its new global Competitiveness Index of 49 countries. The WEF Competitiveness Index measures the prospects for economic growth over ... Read More

World Corporate and Income Tax Comparison Rates, VAT/GST around the world

20 Oct 2009 - Published in Blog

The table below shows the tax comparison rates around the world. List of Corporate and Income tax rates and VAT/GST around the world. Country Income Tax VAT/GST Corporate Individual Algeria 25% 0-40% 21% Argentina 35% 9-35% 21% Australia 30% 0-45% 10% Goods and Services Tax Austria 25% 21-50% 20% GST Azerbaijan 24% 0-35% 18% Bangladesh 40% — 15% Belarus 24% 9-30% 18% Belgium 33.99% 25-50% 21% Bosnia and Herzegovina 30% 5% 17% Brazil 34% 15-27.5% 17-25% Bulgaria 10% 10-24% 20% Cameroon 38.5% 10-35% 18.7% Canada 36.10% 15-29% (federal) 6% Goods and Services Tax, plus Provincial Sales Tax (which varies from ... Read More

Tax Savings for SMEs

18 Oct 2009 - Published in Blog

The Inland Revenue of Singapore recently reported that as many as 120,000 corporate taxpayers, especially the small and medium enterprises, are not aware and hence, not using the tax incentives available to them. In news report published in the Straits Time on Thursday, 8th October, 2009, these SMEs are not familiar ... Read More

Singapore Emerging Attractive as Tax Havens are “Grey Listed” by Regulations

9 Oct 2009 - Published in Blog

The organization for Economic Co-operation and development’s ( OECD) has "grey listed" certain jurisdictions that were once deemed as tax havens. They include Monaco and Liechtenstein. Bankers have orchestrated that with regulations for offshore financial centers increasing it appears that the number of players in the offshore financial ... Read More

What does ECI means? Who needs to file?

23 Jan 2009 - Published in Blog

ECI means Estimated Chargeable Income. It is an estimate of a company's chargeable income for a Year of Assessment (YA). Declaration of amount of revenue in ECI Form Revenue refers to a company’s main source of income, and excludes items like gain on disposal of fixed assets. If your company is an ... Read More

Tips on Filing Form C Accurately

19 Nov 2008 - Published in Blog

30 Nov is the filing due date for Form C. As the deadline is drawing near, IRAS (Inland Revenue Authority of Singapore) would like to share with you 3 tips to help you file your taxes accurately. Tip 1: Private expenses are not deductible If you are a director of a ... Read More