Amazon is the world’s largest e-commerce platform, offering a wide range of products and services to consumers and businesses. If you’re thinking of becoming a seller on Amazon Singapore, here is a guide to help make your products stand out. Step 1: Choose Your Niche and Product Before you can sell on Amazon you need…
Read more →The Goods and Services Tax (GST) is a broad-based tax that is applied to most goods and services in Singapore. Beginning in 2024, the government of Singapore will increase the GST rate from its current rate of 8% to 9%; the revenue generated from this increase is slated to be used on infrastructure and social…
Read more →What are Venture Capital firms looking at when investing in e-Commerce brands? This article explains all the trends for 2023.
Read more →Singapore’s Goods and Service Tax (GST) requires registration from a few different business types which either operate in Singapore or conduct business with Singapore residents. Those required to file for the GST are primarily businesses operating in Singapore with a taxable turnover exceeding 1 million SGD, or those offering digital or non-digital imported goods or…
Read more →Businesses in Singapore with annual taxable supplies exceeding SGD 1 million are required to register for the Goods and Services Tax (GST). Businesses registered for the GST charge this tax on all goods and services sold in Singapore. Below is a step-by-step guide for businesses that need to register for the GST: Step 1: Determine…
Read more →If you're going to be conducting business in Singapore you'll be needing a Tax Identification Number (TIN). Find out how to get one today.
Read more →Cost of goods sold (COGS) directly measures the costs incurred when producing products or providing services to customers. COGS is calculated by totaling the sum of raw materials, labor, packaging, and other expenses used during the manufacturing process, or, in the case of service-oriented businesses, all the materials and labor necessary to provide a final…
Read more →In the world of finance, the terms “disbursement” and “reimbursement” are commonly used but often misunderstood. Both are essential aspects of managing financial transactions, but there are important differences between them. Ensuring accurate accounting practices requires an understanding of these differences. Disbursements Disbursement refers to the process of paying out or distributing funds from one…
Read more →Starting a new business can be an exciting and rewarding endeavor, but it can also be quite costly. There are many different types of expenses you’ll need to consider when setting up your business. Planning ahead for these costs can help you to properly budget for your business’s future. There are two main categories of…
Read more →Southeast Asia has experienced rapid growth in the past few years. Here are the 5 fastest growing sectors in 2023.
Read more →Are hidden costs hurting your bottom line? Learn how to identify hidden costs and how to improve up your business' financial health.
Read more →Controlling your bottom line is critical for achieving your startup's fast growth. Find out how to budget properly.
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