by admin | May 27, 2026 | Accounting, Income Tax, Tech News
The International Accounting Standards Board has released IFRS 20, a new standard addressing financial reporting by entities operating under certain forms of rate regulation. The standard is effective for annual reporting periods beginning on or after 1 January 2029,...
by admin | May 27, 2026 | Accounting, Artificial Intelligence (AI), Auditing, Tech News
Background A mid-sized accounting and audit firm, Lim & Partners Advisory (invented firm name) had been serving small and medium-sized enterprises for more than 15 years. The firm provided statutory audit, tax compliance, accounting, payroll, and advisory...
by admin | May 26, 2026 | Artificial Intelligence (AI), News
The adoption of artificial intelligence is moving beyond basic experimentation into structured workforce and business transformation. While many businesses have started using AI tools for productivity, the next stage requires stronger workforce readiness, clearer...
by admin | May 20, 2026 | Accounting, Goods and Services Tax, Tech News
GST-registered businesses in Singapore will progressively be required to transmit invoice data to IRAS through InvoiceNow-ready accounting or finance solutions. The obligation will be phased in from 1 November 2025 to 1 April 2031, depending on the business’s GST...
by admin | May 20, 2026 | Accounting, Goods and Services Tax, Income Tax, Tech News
Singapore’s business compliance environment is moving steadily towards digital filing, structured e-invoicing and software-driven automation. This shift means that accounting, payroll and invoicing systems should no longer be viewed only as back-office tools. They are...
by admin | May 19, 2026 | Auditing, Sustainability Reporting, Tech News
To many small accountancy practices, the word “sustainability” not only refers to environmental responsibility, but one that can remain profitable, resilient, relevant, and valuable to clients over the long term. From the perspective of a small practice, one important...
