Getting Startup Capital
Asking family for 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 […]
Why an Employee Handbook is Necessary
Introduction to Organization 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 between an employer […]
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 analysis helps to understand the cost […]
CHARGING OF GST ON SALES IN SINGAPORE
What are the charges of GST on sale in Singapore? In Singapore, the rules regarding taxation and GST are laid by the Inland Revenue Authority of Singapore. Introducing GST came with many complications for taxpayers of the countries. But Singapore has a very well laid a set of rulers and regulations to deal with these […]
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 in an accurate format. The main purpose of maintaining […]
De Minimis Rule for Claiming GST Credit for Exempt Supplies
De Minimis Rule for Claiming GST Credit for Exempt Supplies: When you have to satisfy the De Minimis Rule, the exempt supplies value needs to be lesser than or it has to be equivalent to a) an average of about USD 40,000 on a monthly basis and b) five per-cent of the full value of […]
Tax claiming on inputs for imports to Singapore
You can claim tax if you import to Singapore by using below: 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, […]
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 Tax” does not […]
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 information for your financial year, choosing […]
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 the right software depends […]