Take a quick peek at our latest 5 Minutes With Savitha Vasan, our Senior Finance & Corporate Services Manager at Accela Finance. She provides insights about her proudest accomplishments at Accela and one thing she can’t live without.

What truly sets Singapore apart is its tax framework. It offers reduced corporate income tax rates, start-up tax exemptions, and double tax deductions for foreign companies. Plus, Singapore has a multitude of free trade agreements with countries worldwide, making it a lucrative choice for entrepreneurs.

So, how can you take advantage of Singapore’s strategic business benefits without relocating there? The answer lies in choosing the right partner. Our Accela Finance and Corporate Secretary teams explain.

With the first phase of the GST increase behind us, the impact on businesses and consumers is evident. Some companies absorbed the cost and used the increase as a marketing opportunity to demonstrate customer loyalty. Others quietly made price adjustments with customers aware of the upcoming change.

Now that we have passed the first phase, it is time to start preparing for the second, aiming for the smoothest transition possible.

Take a quick peek at our latest 5 Minutes With Ranjini Padattil, our Finance Associate at Accela Finance. She provides insights into Accela's work ethic and shares her favourite snack.

Filing your IRAS corporate income tax returns might seem like a daunting task, especially if you have recently launched a business or contemplating starting one in Singapore. The pressure of meeting submission deadlines can be overwhelming, potentially casting a cloud over your business's reputation and financial stability.

However, with a well-thought-out strategy, this compliance journey can be both manageable and enlightening.

In a game-changing move, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) introduced the Variable Capital Company (VCC) structure in 2020.

Companies consolidate for various reasons and can do so in several ways, with mergers or acquisitions among the most common methods.

A Corporate Secretary is vital to your company’s corporate governance and compliance. Also referred to as a Company Secretary, CorpSec or CoSec, it ensures your company complies with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) requirements. The role also ensures all directors and shareholders are informed of their statutory obligations such as filing annual returns.

As a business owner, you may want to make thoughtful, informed decisions that drive your business forward. No tool is more helpful with this than management reports, yet many new business owners overlook some of their most essential benefits.

Choosing Singapore as the location for your Cryptocurrency business is a smart move. Not only is Singapore a hub for tech innovation, but it also offers tax incentives and asset protection for licensed cryptocurrency businesses.