Category Archives: General

Perks of Hiring an Accounting Firm in Singapore

Whether you own a small or a medium size business, your goal is making profits and taking your business to new heights. To achieve this goal, you are going to need all the help you can get.

As a business owner, your ability to decide what to outsource and what to expend your energy on will determine to a large extent how fast your business will grow and how much money you will make.

Obsessing or spending endless hours trying to keep your books straight and addressing other accounting related issues will not only wear you out but will also derail you from the path to achieving your number one business goal: to make more profit. It is wise to consider searching for local Singapore accounting services providers to aid you in your business.

The following article by Soas sheds light on some benefits to hiring an accounting company to cater to your bookkeeping, tax, and accounting needs.

Benefits of Hiring an Accounting Company in Singapore

Are you the owner of a small business firm that has just settled in the Singapore business scene and now looking to make it big with the great opportunities that are available here? Then sooner or later you will have to get in touch with an accounting service Singapore Company. Read more here.

You are surely now aware of some benefits of hiring an accounting company. If you are starting out or you are new to the business, it is wise that you first learn as much as can about the various components of the business like taxation and accounting. Doing this will help you see the importance of hiring an accounting firm.

This article by Amcorp unveils some important things you need to know about accounting and tax services in Singapore.

Accounting and Tax Services in Singapore: Why You Should Consider AM Corporate Services

According to the “Doing Business 2018” report by the World Bank, Singapore remains a leading business destination. Read more here.

You likely now know a couple of things about accounting, bookkeeping, and taxation in Singapore as well as some reasons why you should hire a professional accounting and auditing service. Before you head out and hire any of the best accounting firms in Singapore, there are some 10 things you need to ask yourself.

The following article by bizjournals discusses some ten things you should ask before choosing an accounting firm.

10 things to ask before… Choosing an accounting firm

Ask the firm to identify and provide biographies of the partner, manager and main accountant who will handle your work. See if those people have received any complaints from the state board of accountancy or other regulatory authority. Read more here.

You likely now know some important questions to ask before choosing an accounting firm in Singapore. The reason why you should ask these questions is to determine if the company you want to hire is reputable and if they can add value to your business. If you fail to ask some of these questions, chances are you will pick a mediocre accounting firm that may not be able to handle the needs of your business.

Final note

Your business isn’t going to grow as fast as you want it to if you obsess over the little things that have little or no significance to the growth of your business or spend precious business hours handling your accounting, instead of engaging in high-value activities like improving your product or services.

Choosing an accounting firm in Singapore is difficult because there are so many of them. A great way to weed out the mediocre ones with little experience is by some important questions like – the amount of value they can add, the qualifications of the accountants and so on.

Advantages of Hiring an Accounting Service for Small Businesses in Singapore

To succeed in business, especially if you are a small to medium sized one, you must think on your feet and be ready to make some tough choices. As the boss, your employees are relying on you to make decisions that will take your business to the next level.

Outsourcing your accounting function is one decision you can make that will have a significant impact on your business.

To ensure the smooth running of your company, you may need the help of a professional accounting company for audit and advice on how to handle certain issues. Hiring an experienced accounting service for small businesses will certainly be a step forward for your company.

This article by amcorp explains the services offered by tax and accounting companies in Singapore.

Accounting and Tax Services in Singapore: Why You Should Consider AM Corporate Services

According to the “Doing Business 2018” report by the World Bank, Singapore remains a leading business destination. When setting up a business in Singapore, the entrepreneurs will need to know and manage the various components of business operations, such as accounting and taxation. Read more here.

You likely now know a thing or two about the services rendered by accounting companies in Singapore. But, do you know the benefits you will enjoy when you hire them or the impact they will have on your business?

The following article by mybusiness sheds light on the benefits of outsourcing to an accounting service in Singapore.

Benefits of Outsourcing to Accounting Services in Singapore

The small businesses in Singapore are taking to the outsourced accounting services. These services are becoming popular because of the benefits that their customers can draw from them. The small businesses in Singapore are taking to the outsourced accounting services. Read more here.

You surely now know some things you will enjoy when you hire an accounting firm to cater to the bookkeeping and accounting needs of your company in Singapore. If you still have a shred of doubt or still skeptical about outsourcing, then you should read the following article carefully.

An article by ragainfinancial unveils eight reasons why you should outsource your accounting.

Eight Reasons Why You Should Outsource Your Accounting

Some small business owners consider having an internal team to manage their finances or, in some cases, manage it themselves. This might be suitable for some, but most businesses could really benefit from outsourcing their accounting to a specialist. Read more here.

You definitely now know some compelling reasons why you should outsource your accounting. Even if you have an in-house accountant, it is still a good idea to find an accounting firm as back up. Keep in mind that the cost of outsourcing to an accounting company is far lesser than the cost of hiring a qualified accountant.

Final note 

The advantages of outsourcing to an accounting firm are numerous, especially for small and medium-sized businesses. So, if you are really serious about growth, you should consider outsourcing to a reputable accounting firm who understands the goal of your business.

Keep in mind that the job of an accounting firm isn’t limited to just keeping your books organized and your account in check, they can also offer invaluable advice that can scale the growth of your business and increase your profit.

Since no two accounting firms are completely the same, chances are all of them will not be able to cater to your needs. To increase the odds of you picking a good one, you will have to do deep and extensive research before making a decision.

Reasons to engage an Accounting and Bookkeeping Service in Singapore

Singapore’s economy is based on free market and is highly established. Its government has a zero-tolerance policy towards corruption. The business set ups in the country run smoothly and efficiently and this is also because there is an ease of doing business in the country. Singapore boasts an outstanding percentage of young entrepreneurs too.

The business sector in Singapore is highly innovative and competitive. More programs and software are created by the professionals to ease their everyday dealings. Entrepreneurs are offered rebates and ease when they plan on opening a new business set up, along with this some companies offer help in exchange of some money to provide easier business management to help the entrepreneurs in their businesses. One of the most efficient solutions that are being provided in the Singapore market is that of accounting and bookkeeping services.

Accounting solutions is where all the separate sectors of the business are merged together and dealt with in a systematic fashion. Irrespective of the size of the business or set up, there is a requirement of streamlining all the information and jotting down all the numeric that were previously tedious and with an unintended chance of error. Accounting solutions in a business can look after the following things for a company:

  • Monthly write ups
  • Payroll handling
  • Bank settlements
  • Financial statement groundwork
  • Financial Forecast
  • Other Individual and personalized financial reports

The afore mentioned tasks take up an extreme amount of time and hinder the businessman from taking care of all the other tasks. Companies that offer complete accounting solutions to the business cover all the aspects and give a detailed report of all the profits, losses and improvements at the end of a session. Companies have seen a credible increase in their profits because of the streamlined structure of their workflow through accounting solutions. More companies are attracted to these help aiming programs every day.

In Singapore, these accounting and bookkeeping solutions are very popular among the business society and many companies are offering them. The size of the company does not matter, these solutions can be molded exactly to the client’s needs and requirements. Nowadays, these solutions are also available over the internet in the form of cloud computing, which can easily be downloaded onto the client’s smart phone or tablet and used remotely at any time and any place. The work can be analyzed on the go and instant decisions can be made.

In the past, going through all the tasks that are essential for a business was very hard, the paper work was usually manual and record keeping tedious. Usually, sorting data and then retrieving it at the right time was not possible. These types of accounting and bookkeeping solutions have not only made the work flow easier and streamlined but also generated a lot of revenue for the company they are utilized in.

Five Reasons why Math is Important and Relevant Today

Despite how one may feel about the subject of arithmetic or the vast subject of mathematics, it is here to stay. Since it is of vital importance in our daily lives, it remains relevant. Let us demystify and consider some of the five reasons as to why it takes up so much of our lives.

The Education System
Learning the basics in education like so with the basics of adding, subtracting, multiplying and dividing has a large bearing on life in the classroom. Children at a young age learn how to use their basic knowledge in every sphere even during their playtime. They learn that every student has a certain time allotted to her or him with a ball or the bat, or the racquet and so on and so forth.

Work Life
Without a smattering of mathematics, one may not get very far. At the primary maths tuition centre in Singapore, children learn the basics to implement this in their daily lives. For instance, once they get to understand that adding the right amounts a teaspoon of sugar to a drink they are able to distinguish how more makes it sweeter. The quantitative approach therefore paves the way in streamlining their negativity to the subject. This also prepares them to tackle the bigger stage, when they leave school and college for a career.

Assemble Building Blocks
To the primary student this may come across as something that they did while they were younger. Using this methodology in the classroom makes learning the elements of constructing something with simple building blocks. With the help of simple arithmetic, the child learns to assemble things together and create something out of the blocks. The aptitude therefore eggs him on for further learning and understanding this basic need.

Accounts and Finance
Kids surprisingly are very vigilant when it comes to their pocket money. In learning how to add and subtract the amounts that they spend, they are equipped to tackle the bigger stuff. You can bet that the smart kid will use his knowledge of basic mathematics and save some pennies for a rainy day!

Helping Mum in the Kitchen
Children usually enjoy helping out in the kitchen, provided there is no cleaning up! Using their basic skills in the form of dividing and adding what is necessary while they bake is a fun experience.

As the years go by, the learning curve improves with the vast knowledge. Read up on the website http://ylc.edu.sg/math-booster/ about the advantages of early learning in mathematics and the advantages available at the primary maths tuition centre in Singapore.

Games for Toddlers That Help In Math Enrichment

Encouraging a child to learn math can be a mammoth task sometime as they may not always be in the mood for learning through the traditional methods. Math enrichment for K2 level students sometimes include different games into their lesson plans that would help them teach the child better without the fear of the child losing interest in the lesson. There are different types of indoor, outdoor and also online games that help in math enrichment for the child.

Outdoor Games

1.Number line run: this simple sidewalk game can help children recognise numbers and the order of the numbers by just drawing a chalk number line on the side walk.

2.Backyard number hunt: hide different number cut outs or blocks in the backyard and get the child to look for the one that you call out.

3.Sidewalk chalk counting maze: like the number line dawning a chalk maze and telling the child to follow the order of numbers to be able to get out of the maze.

4.Fire hose practice game: this is a great way to clean up the numbers drawn on the sidewalk. Using a squirter ask the child to put out the number that you call out by cleaning it up. You can also include simple addition and subtraction sums that the children have to solve to find the number to put out.

Indoor Games

1.Math hunt: Get the child to search for the number of objects around the house that is on the card. It is an easy game that the child will have a lot of fun playing

2.Blocks matching games: there are a number of toys that help match different shaped blocks to their respective holes. This is the best way to teach the child shapes.

3.Lego Brick math game: by asking the child to build a tower of a certain number of blocks or ask them to count the number of blocks in the tower you can integrate learning into play time.

4.Egg counting games: Different colourer plastic eggs can be used to help the child learn counting and also help in addition and subtraction sums.

Online Games

There are a large number of online games that can be found in the market to facilitate math learning in children of different ages. Any one of these can help the child learn math and also have a lot of fun in the process.