Businesses are required to maintain proper records on their significant people, shareholders and controllers. Statutory registers in Singapore are useful to ensure that the records are up-to-date and facilitate the company’s filing obligations. We first identify the registers that are applicable to your business, and verify the accuracy and completeness…
Changing the registered office address in Singapore is not enough when you are updating your business’s contact details. Companies are required to notify the Accounting and Corporate Regulatory Authority (ACRA) via BizFile+ of the change before the deadline, and the new address must be in accordance with the Companies Act.…
Most IRAS penalties come from avoidable errors, not deliberate evasion. A missed deadline, an under-declared side income, or a relief claimed twice can each turn a routine filing into a composition fine, an inflated estimated tax bill, or a court summons. The good news is that the same handful of…
A tax audit conducted by the Inland Revenue Authority of Singapore is a means for business owners and individuals to have their income reported accurately in accordance with tax regulations. The majority of audits are simply standard compliance checks, not indications that there has been any wrongdoing; however, there are…
As a trusted corporate services provider in Singapore, we understand how tough it can get for businesses to keep track of their statutory obligations across the year. That is why we have created the ultimate Singapore company compliance calendar to support companies in staying organized and away from costly penalties.…
Entrust works with businesses at all stages of growth, and a common question is whether GST registration is required and how to apply for it. For fast-growing companies, GST obligations can feel complicated and time-sensitive. This guide explains when GST registration is needed, the steps involved in the application process,…
Bookkeeping services are integral to how growing businesses manage their finances, since accurate record-keeping helps owners understand cash flow, expenses, and make better decisions that will help with long-term stability. In Singapore, many companies grow rapidly, and hence it is even more important to have financial data kept in order…
Handling shareholder changes smoothly is a part of solid governance in any company that operates in Singapore. Most companies reach a stage when they have to change the ownership due to investment plans, retirement, new partnerships, or restructuring within the company. This change involves several legal steps and requires attention…
A company constitution is definitely not just a legal document. It is, essentially, the company’s governing system that facilitates smooth operation in Singapore. It regulates the company’s internal management, the rights and obligations of the shareholders and the board of directors, thus making sure that the company functions properly and…
At the end of the financial year, Singapore businesses must be efficient in their attempt to manage their tax liabilities with maximum efficiency. ENTRUST understands how important it is that your business optimises your tax position to the maximum extent without compromising absolute regulatory compliance of Singapore taxation. Year-end tax…
