Singapore, Singapore, February 22, 2018 --(PR.com
)-- According to Hans Teo, the General Manager of Corporate Services Singapore, the expansion of the company’s online resource library comes with a desire to equip entrepreneurs, start ups and small and medium business enterprises with adequate tools to familiarise with Singapore’s business atmosphere.
“We are truly excited with the launch of our expanded resource portal. Initially, when we started this resource hub, our focus was to share only a handful of scholarly articles on company incorporation. After identifying tangible steps on how we can help boost the success rate of start-up businesses, our core team decided to strive and grow our available resources online. We are proud to say that new entrepreneurs can develop valuable insight into Singapore’s current corporate landscapes by reading up on the helpful information available on our portal. Not with standing the straightforward manner by which we reach out to our target niche, we believe this resource portal enables us to deliver helpful information to them on the most critical areas of business set up,” he added.
Kan Kok Cheong Andy, a partner at the firm, expressed his belief that the expansion of the current resource portal is the firm’s step in the right direction.
“The updated resource hub proves our commitment to offer the best support to our clients, including our potential clientele.”
The categories found on the resource portal which correspond to the core competencies of Corporate Services Singapore are as follows:
1. Company Incorporation
The category presents an overview on how to set up a company in Singapore. In simple language, the available resource materials detail the guidelines on statutory requirements for pre-incorporation and post-incorporation procedures, as well as corporate liquidation under the Singapore Companies Act.
The resource hub contains the latest news on corporate tax controversies such as the impending goods and services tax hike and the corporate tax rate increase in 2018. The listing also contains a simplified guide to Singapore’s corporate tax structure and the recent revenue regulations issued by the IRAS.
3. Payroll Processing
The resource portal features not only the Companies Act, but also the Employment Act. It outlines the statutory requirements under Singapore’s primary labour law such as salary, hours of work, overtime pay, paid leave credits and other terms and conditions of employment.
4. Accounting and Auditing
The portal offers professional guidance on compliance with the accounting standards known as Singapore Financial Reporting Standards (SFRS). Resource materials providing tips on how to adhere to Singapore Financial Reporting Standard (SFRS) for Small Entities have also been published on the portal to benefit SMEs having troubles with accounting.
5. Corporate Secretarial
To help entrepreneurs acquaint with the role of a corporate secretary whose appointment is mandated under the Companies Act, the resource portal contains articles highlighting the qualifications, functions and duties of a corporate secretary. Available resource materials also talk about the attributes of an ideal corporate secretary.