In today's fast-paced business environment, companies in Singapore are constantly seeking ways to optimise efficiency, reduce costs, and focus on their core competencies. One strategy that has gained significant traction is outsourcing accounting services. This comprehensive guide explores the multifaceted...

KUALA KANGSAR: The Federal government debt is manageable and far smaller than that of developed countries like the US and Japan, says Prime Minister Datuk Seri Najib Tun Razak. "The sovereign debt of the US, Japan and Singapore is far...

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…