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Regulatory Spotlight Intensifies on Owner-Managed Business Tax Planning

Regulatory Spotlight Intensifies on Owner-Managed Business Tax Planning

by admin | Jul 12, 2026 | Accounting, Income Tax, Tech News

The Inland Revenue Authority of Singapore (“IRAS”) has taken a closer look at arrangements under which high-income individuals provide services through private companies while receiving relatively low remuneration personally. IRAS has reportedly identified 279...
IRAS Advance Ruling Summaries on Foreign-Sourced Gains and Dividends

IRAS Advance Ruling Summaries on Foreign-Sourced Gains and Dividends

by admin | Jul 6, 2026 | Accounting, Income Tax, Tech News

On 1 July 2026, the Inland Revenue Authority of Singapore (IRAS) updated its published summaries of income tax advance rulings by adding three new corporate tax-related summaries under the category covering matters other than individual income tax. The new summaries...
AI-Enabled for Manufacturing Sector: Accounting and Governance Implications

AI-Enabled for Manufacturing Sector: Accounting and Governance Implications

by admin | Jul 4, 2026 | Accounting, Artificial Intelligence (AI), Tech News

AI-enabled manufacturing is moving from conceptual discussion to practical deployment across production planning, predictive maintenance, quality assurance, robotics, inventory analytics and digital transformation. For businesses, this development is not only an...
FRS 118 — A New Era of Presentation and Disclosure in Financial Statements

FRS 118 — A New Era of Presentation and Disclosure in Financial Statements

by admin | Jul 2, 2026 | Accounting, Tech News

FRS 118, Presentation and Disclosure in Financial Statements, will replace FRS 1 as the primary standard governing the presentation of financial statements. The new standard is aimed at improving comparability, transparency and the overall quality of financial...
Growing Talent from Within: A Local Firm’s Commitment to Future-Ready Accountants

Growing Talent from Within: A Local Firm’s Commitment to Future-Ready Accountants

by admin | Jul 1, 2026 | Accounting, News, Tech News

Small and medium-sized practices are entering a period where talent strategy is no longer only an internal human resources matter. It is now central to service quality, client resilience, and the long-term relevance of the profession. As small businesses increasingly...
Updates on Annual Return Filing, BizFile Enhancements and BizFin Preparation Tool

Updates on Annual Return Filing, BizFile Enhancements and BizFin Preparation Tool

by admin | Jul 1, 2026 | Accounting, Company Law, Tech News

Key Development ACRA has provided important updates affecting Singapore companies, corporate service providers, directors, position holders and financial statement preparers. The updates cover annual return filing obligations, late filing penalties, upcoming changes...
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Recent Posts

  • Regulatory Spotlight Intensifies on Owner-Managed Business Tax Planning
  • IRAS Advance Ruling Summaries on Foreign-Sourced Gains and Dividends
  • AI-Enabled for Manufacturing Sector: Accounting and Governance Implications
  • FRS 118 — A New Era of Presentation and Disclosure in Financial Statements
  • Going Concern Audits in an Era of Geopolitical Uncertainty

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