Getting Startup Capital
Getting Startup Capital Asking funds from family members is easy yet tricky. Easy as if you have a family that is rich and they trust you. Any family member will invest in your business. Tricky in the aspect that there are high chances that your business will fail and you can lose all your funds invested […]
Why an Employee Handbook is Necessary
Why an Employee Handbook is Necessary The employee handbook contains a detailed introduction to the organization. This may include the history of the organization, how it came into being, what is its purpose, and how it is being operated. It may also contain some disclaimers such as the employee handbook does not create a relationship […]
Understanding Debit and Credit in Bookkeeping
Understanding Debit and Credit in Bookkeeping For any of the businesses, profit is just like oxygen for a living being, without which it is very difficult to live. So, every business tries to achieve the required profit for its organization. But to achieve profit, it is essential to understand the financials of the business. Financial […]
CHARGING OF GST ON SALES IN SINGAPORE
CHARGING OF GST ON SALES IN SINGAPORE Introduced in 1994, the Goods and Services Tax (GST) is a consumption tax imposed on the supply of goods and services in Singapore as well as on the import of goods into the country. Businesses, consumers, and policymakers all acknowledge GST as a fair and comprehensive tax mechanism. […]
Do you believe your Bookkeeping fees are too high?
Do you believe your Bookkeeping fees are too high? Every business wants to keep its bookkeeping in a well-formatted way. For that reason, there are various aspects of the business that you need to properly in bookkeeping. Why is Bookkeeping essential for any of the business? Bookkeeping keeps the records of all the business activities […]
De Minimis Rule for Claiming GST Credit for Exempt Supplies
De Minimis Rule for Claiming GST Credit for Exempt Supplies The De Minimis Rule for claiming GST credit for exempt supplies refers to a threshold that allows businesses to claim GST credits for inputs related to exempt supplies, as long as the exempt supplies do not exceed a certain percentage of the business’s total taxable […]
Tax claiming on inputs for imports to Singapore
Tax claiming on inputs for imports to Singapore UPS – United Parcel Service claims tax on goods imported from Singapore. As it is having various services that it provides to Shipping service to 220 Countries and Territories. Door-to-Door Service, Efficient transportation, covering 220 markets, International Portfolio, Easy Operations, Local & International, End-to-End Tracking, Transparent tracking, […]
Delaware Franchise Tax
Delaware Franchise Tax Franchise Tax is the tax collected by the state of Delaware for the right to own a Delaware company. This tax has nothing to do with the income or activity of the company. The state of Delaware requires you to maintain it as the standing status of your company. The term “Franchise […]
How to do bookkeeping on Xero
How to do bookkeeping on Xero Doing and maintaining bookkeeping in Xero accounting software is simple and easy. All you have to do is follow these simple steps. Set up Xero file: The first set to get started with is setting up your Xero profile and adding details of your organization. This step includes filling […]
Xero vs Waveapps Comparison
Xero vs Waveapps Comparison Various accounting software and business solutions are making rounds in the modern accounting market. As a result, it is even more essential to analyse the distinguishing features and functionalities that these software apps provide. As thriving business personnel, a gist of the services these software products offer. Also, a selection of […]
