by admin | Nov 18, 2025 | Accounting, Auditing, Goods and Services Tax, Tech News
In Part 2 of IRAS GST Essentials series on expense recovery, it examine cases where the recovery of expenses is ancillary to, or constitutes inputs used in, a primary supply of goods or services. This distinction is critical for GST-registered businesses when...
by admin | Nov 17, 2025 | Accounting, Auditing, Company Law, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has issued an important update that impact corporate compliance workflows. Professionals are advised to note the following mandatory updates. 1. Streamlined Entity Incorporation: Single-Filing Mandate for...
by admin | Nov 15, 2025 | Accounting, Auditing, Tech News
The International Accounting Standards Board (IASB) has issued targeted amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates to clarify how entities should translate financial statements from a non-hyperinflationary functional currency into a...
by admin | Nov 14, 2025 | Accounting, Auditing, Tech News
The financial reporting landscape for FY2025 continues to be shaped by external volatility and evolving regulatory expectations. Recent developments—including shifts in global tariff regimes, persistent supply-chain disruptions, and accelerating climate-related...
by admin | Nov 12, 2025 | Accounting, Auditing, Tech News
The Accounting Standards Committee (ASC) has released Amendments to SFRS(I) 19 Subsidiaries without Public Accountability: Disclosures and Amendments to FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures.These amendments are effective...
by admin | Oct 21, 2025 | Accounting, Auditing, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has released GST Essentials guidance series (Part 1) addressing the GST treatment on recovery of expenses—a recurring area of complexity for GST-registered businesses, particularly where expenses are recharged to...
