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As a business owner, you have invested significant efforts into growing your company. But the tax deadlines, payroll, invoices, receipts, and spreadsheets are confusing you. This is where the critical role of an outsourced accountant comes into play, helping you relieve these time-consuming tasks. Many businesses outsource their accounting duties to specialised professionals in order […]
The way businesses operate has undergone more profound changes as a result of digitalisation. The vast majority of companies now employ tactics like data analytics, artificial intelligence, and data-driven software. A finance department is necessary for every company that must produce financial reports on a regular basis. The Chief Financial officer (CFO) is referred to […]
According to the Singapore Department of Statistics, the city-state’s Small and Medium-sized Enterprises account for around two-thirds of employment. They constitute 99 percent of all enterprises and contribute nearly half of the country’s gross domestic product. Increasingly, most SMEs in Singapore struggle to innovate and understand their customers. This becomes the top risk, followed by […]
Although accounting is a crucial part of every business, it is often not the main focus of most firms. However, with outsourced support, your accounting and finance department may contribute to the expansion and cost-cutting that your company needs to succeed. With outsourcing, you have access to a global talent pool and find the best […]
Determining overhead cost is vital for budgeting purposes and how much a company should charge for a service or product to profit. Unlike operating costs or direct expenses which are required to run a business or are incurred in the company’s daily operations, overhead expenses are business-related costs that mainly refers to ongoing expenses for […]
Accountancy Industry Digital Plan is part of Singapore ongoing efforts to aid small and medium enterprises, which constitute up to ninety-eight per cent of the accountancy sector, as well as adopt more technologies and support digital transformation. This plan also gives the SMEs better competitiveness and productivity. Here is what you need to know about […]
