Debt consolidation is indeed an effective way to save time and effort that goes into making multiple payments by discharging the liability with a single scheduled payment. But taking appropriate measures to mitigate the risk a debt consolidation plan brings is a far better option than going without proper analysis. A debt consolidation plan is
Singapore is one of the most buzzing countries in the world when it comes to business. It allows foreign investors as well as budding entrepreneurs to grow and maximize their returns. Over the years, many entrepreneurs have established their businesses in Singapore and you could be the next! Singapore is the ideal location for those
When a business performs well and achieves profit targets, expanding it is the next thing any business owner would want to do. If you are an entrepreneur and you have dreamt of taking your business to new heights like other SME business owners, then this article is a guide to understanding the key considerations before
To download CPF account statement, you must first log in to My CPF online services on the CPF website. Follow the following steps to download the statement . STEP 1 Go to the CPF website. Visit www.cpf.gov.sg STEP 2 Login to mycpf Online Services with your Singpass STEP 3 If you have forgotten/do not have a password, there
Impact-Site-Verification: 1473398182 SMEs undoubtedly have the advantages of flexibility and quickly pivoting their business operations as compared to large MNCs. But when it comes to attracting and retaining employees, most SMEs lack. As per the national survey done by Singapore Business Federation, 20% of the SMEs face the problem of limited local human resources and
Entrepreneurs face difficulty when it comes to investment for starting any business. Heavy funds infusion is the key to a successful business in Singapore. The government of Singapore has been supporting and promoting the latest innovations to newcomers in the business industry. With the advantage of a business-friendly environment, many startups are being launched every
The data from the Ministry of Law’s Insolvency Office Singapore shows the total number of bankruptcy applications filed in 2022 stood at 3,648.The applications were filed by either individual on their own or by their creditors. The numbers are 15.4% higher than that of 2021. (source BusinessTimes) If you are indebted for at least $15,000,
When was the last time you applied for a loan or used a credit card? If you remember, you must have heard about credit bureau report document that keeps a track record of your credit and debit transactions. A credit report which is the summary of all transactions explains: A credit report is a tool
ACRA BizFile is a web platform that enables Singaporean companies to store, upload, retrieve and purchase key business data. It is also effectively used to furnish due filings and perform significant business tasks. In Singapore, every company must submit its information to the Accounting and Corporate Regulatory Authority aka ACRA. ACRA was introduced in 2004
Every Singaporean taxpayer is issued a Notice of Assessment (NOA) by the IRAS (Inland Revenue Authority of Singapore) for tax proceedings. The NOA is issued for a particular tax year to both individuals and corporate taxpayers. You are required to follow the NOA and pay the taxes listed on it. To help you understand what