Construction Audit

A construction audit is a review of various aspects of a project to ensure they are performing appropriately and in keeping with the contract. It is a crucial tool for keeping everything on track and under budget. Engaging the services of an auditor becomes more important as your construction business grows and works to meet…

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What makes Singapore attractive to foreign Corporations and International Investors?

Singapore’s Strategic Location. Singapore is situated in the heart of Southeast Asia, making it possible for businesses to access a market of 3 billion people within a few hours flight. Singapore’s port is one of the busiest in the world, making Singapore a premier International Maritime Center. Singapore’s modern and efficient Airport serves 20 million passengers annually and ranks…

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Do I need an audit?

Your company is exempted from audit if it qualifies as a small company: (1) it is a private company in the financial year in question; and (2) it meets at least 2 of 3 following criteria for immediate past two consecutive financial years: (i) total annual revenue ≤ $10m; (ii) total assets ≤ $10m; (iii)…

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ACRA process for striking off a company

Here is a brief on ACRA strike off process for your reference: a. After we submit the strike off application, ACRA will take 1-5 working days to process the application. b. Once the application is approved, ACRA will send a striking off letter to the company’s registered office address, its officers (directors and company secretary)…

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Is my company qualifying to File Form C-S?

From YA 2017, need to meet all of the following conditions: company must be incorporated in Singapore; annual revenue* ≤ $5 million; The company derives only income taxable at 17%**; The company is not claiming any of the following in the YA: Carry-back of Current Year Capital Allowances/ Losses Group Relief Investment Allowance Foreign Tax…

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