Edgar
Budget 2020 – Full of goodies or full of relief measures?
ST 30 Jan 2020 / ST PHOTO: JASON QUAH Will the “Election Budget” of 2020 supposedly to be laden-full with goodies be changed to virus relief measures? Sharon See of BT today has noted the possible change in tone and texture given the emergence of the Wuhan coronavirus and disrupting much economic activities. Back in […]
SBF’s wishes for Budget 2020 – as per industry survey
ST JAN 14, 2020 Both large and small and medium-sized enterprises (SMEs), rank corporate/income tax rate reduction and rebates to help upskill staff as the top two priorities for Budget 2020 based on an annual National Business Survey conducted by the Singapore Business Federation (SBF). The survey was released on Tuesday (January 14) and was […]
Aware’s wishes for Budget 2020 – to give caregivers of elderly family members a monthly income
ST 13 Jan 2020 Association of Women for Action and Research (Aware) said in a Budget wishlist it had sent to government feedback unit Reach on January 10, 2020, that caregivers for older family members be given a monthly income regardless of whether they are working which could be based on a 2018 study. Its […]
When is Budget 2020?
The Ministry of Finance (MOF) announced on Jan. 1 that Deputy Prime Minister (DPM) and Finance Minister Heng Swee Keat will deliver the 2020 Budget Statement in Parliament on Tuesday (Feb. 18). There will be live television and radio coverage for the said Budget Statement A live webcast will also be available on the Singapore […]
Understand the risk and governance issues of $33m mess
A $33m Mess due to Corporate Governance failure
Edgar Wong on “The WorkDay”
Edgar Wong of Asiaf1rst, was interviewed by Howie Lim, Senior Producer/Presenter, Money FM 89.3 on 16 April 2019. Here are some of the talking points:- What are the trends driving disruption in the accounting industry? What is the future of accounting firms? How can accounting firms help their clients embrace disruption? Does every small business […]
Tax Exemption Scheme for New Start-Up Companies
For the first two Years of Assessment (YA), client (a company) has a single corporate shareholder. This would mean that client did not qualify for full tax exemption. For the 3rd YA, its corporate shareholder sold its shares to two individuals on the very day of the basis period. Question – Does the client qualify […]
Making sense of financial statements amid rule changes
In ST’s “Making sense of financial statements amid rule changes” by Reinhard Klemmer, highlighted the changes since 2018 and the consequential impact of these changes. What are the changes? ——————————————————————- i) In 2018, Singapore transitioned from local to International Financial Reporting Standards (IFRS), also known as Singapore Financial Reporting Standards (International) (SFRS (I)). Applicable to […]
Did you FORGET to register for GST?
Apparently, a tuition centre and second-hand car trader conveniently forget to register for GST!!! The law says, “All businesses, including individuals deriving income from their trade, profession or vocation, should closely monitor their income and regularly assess if they need to register for GST. If their past 12-month taxable turnover has exceeded $1 million at the […]
Accounting with Asiaf1rst 