Rikvin Company Setup Offers Striking-off/Liquidation of Companies/Deregistration

15 Jan 2010 - Published in Press Releases

Rikvin offers full-range of consultancy and assistance in all aspects of striking-off / Deregistration and liquidation of Companies from initiation to completion services. How do Strike Off a Singapore Company? Striking Off / Deregistration The Companies Act allows the ACRA strike a company off the Register if there is reasonable cause to believe ... Read More

The First Company Convicted of Abusing Tax Exemption Scheme

4 Nov 2009 - Published in Blog

Steel Forming and Rolling Specialists Pte Ltd ("SFRS") was convicted of tax evasion by making false entries in its income tax returns for the Years of Assessment 2005 and 2006. The total amount of profits under-reported was $1,356,000. The company’s managing director, Mr Gan Oh Boon was also ... Read More

How to Choose an Accountant?

21 Oct 2009 - 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

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

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

Financial Year End (FYE)

25 May 2007 - Published in Blog

The financial year-end, according to which all financial statements are prepared. If the company’s date of closure were moved to another date, ACRA and The Singapore Inland Revenue must be informed promptly to avoid any unfavorable incident for the company. The accounts must be submitted before ... Read More

When Must a Business Company Register for GST?

Published in Blog

What is GST? Goods and Services Tax (GST) is a tax charged on the supply of goods and services made in Singapore and on the importation of goods into Singapore. The current rate is 5% (from 1 January 2004). The rate will be increased to 7% from 1 ... Read More