Your Ultimate Guide To Long-Term Business Record Keeping
Admin can be both boring and overwhelming. Record keeping is seen as mundane and time-consuming. But, as much as business owners want to push record-keeping to the side and leave it for another day, good business record keeping is crucial – and it is especially vital for good long-term business.
Best Practice Tips For Invoicing For SMEs
Do you feel as if you are drowning in paperwork? Are invoices and administration keeping you away from important tasks…such as growing your business? We can help!
Invoices are such a basic part of daily business that there is an assumption that it is easy and straightforward. This can be true once you have the right best practice guidelines in place, but the reality is that every business has had to figure out how to set up their invoicing system in the first place!
Singapore Corporate Taxation
“Tax” is a word dreaded by many. It usually leaves people in cold sweats and fear of high deduction of money from their salary…
5 Signs that You Need to Hire an Accountant
Small business owners tend to wear many hats, especially during the initial years of their startup. Obviously, when the capital is low in the beginning …
Outsourced Accounting – Why it Works Better?
Did you know that outsourcing some of your key business operations, such as accounting, can actually help it grow better, and quicker?
The Ultimate Guide to Reduce Business Operating Costs
It is pretty obvious that minimizing your operating costs, that are calculated as the day-to-day expenses of a business …
What Does a Bookkeeper Really Do?
Bookkeepers are the people that assist you in trying to keep track of everything. That’s good, but what exactly does a bookkeeper do?
Leading a Small Business through Recession
Leading a small business in trying times, such as a recession, is never easy. Whether or not a situation like this is approaching fast…
Sole Proprietorship & Partnership
The first thing you need to decide when planning to start a business, is to decide the type of ownership you’ll be opting for. From among the several different kinds of business organization methods, sole Proprietorship and partnership are the two most common ones across the globe. The difference in both these options comes from the necessity of individuality and whether or not should the financial, economic, and operational burden be shared with another person.
Primarily, General Partnership appears to be more credible than Sole Proprietorship. It involves less burden, both financially and effort wise, and more heads to make the business efficient, efficacious, and acknowledged. However, sole proprietorship can be favorable in a number of conditions too.
Thus, to understand this better before coming to a final decision, let’s take a look at the positives and setbacks of each below.
How to Start a Business in Singapore?
Admit it, everyone of us have secretly dreamt of running a business successfully. Most of us just tend to shove the thought aside considering the risk factors and budget constraints. However, the truth is actually the opposite.
Starting your own business isn’t a distant reality, and can in fact be achieved pretty easily in today’s modern era if you are determined and passionate enough. It’s no wonder that so many home-based businesses have popped up around the globe ever since the pandemic struck.