GST and XBRL Filing and the Rise of Their Outsourcing in Singapore

by Intellinz Admin | Jul 22, 2021 | Accounting, Compliance, Grant & Money, Income Tax

GST and XBRL Filing and the Rise of Their Outsourcing in Singapore GST and XBRL, measures which were implemented to optimize the economy and the financial reporting environment in Singapore, have both given rise to outsourcing in the form of GST services and...

Do I pay tax when I sell my fixed asset, property?

by EBOS Admin | Jul 7, 2021 | Accounting, Grant & Money, Income Tax

Do I pay tax when I sell my fixed asset, property? A wealthy couple who made some $16 million from buying and selling three good class bungalows (GCBs) within six years will have the profits taxed as income earned. Here is a typical example of how you should not just...

Adaptations in Accounting During the Pandemic and Their Benefits

by EBOS Admin | Jul 2, 2021 | Accounting, Cloud Accountant

Adaptations in Accounting During the Pandemic and Their Benefits. As the pandemic has ravaged all facets of human life, we had to begin to adjust to it. Businesses had to figure out ways to continue with their operations while complying with the new regulations and...

Seamless Filing with DashBod

by Intellinz Admin | Jun 7, 2021 | Accounting, Cloud Accountant

Seamless Filing with DashBod. As you may know, all private limited companies need to file its accounts on time are required to file annual returns with ACRA to ensure that the company’s information on ACRA’s register is up to date under the Companies Act in Singapore....

What is Cloud Accounting software?

by EBOS Admin | May 28, 2021 | Accounting, Cloud Accountant

What is Cloud Accounting software? Cloud accounting software is commonly referred to as an online accounting software, web- powered software or web-based accounting software. This is hosted on a remote server, where the users send data to “the cloud” and it is...

What is GST and how is it charged?

by EBOS Admin | May 24, 2021 | Accounting, Business Set Up, Cloud Accountant, Income Tax

What is GST and how is it charged? GST was first implemented on 1 April 1994, modelled off the UK VAY and New Zealand GST. It is meant to lower personal and corporate tax rates while contributing to a revenue base for the government. GST is a consumption tax that is...