tammycasgOct 21, 20203 min readCompanies applying for Strike off to Cease RegistrationStriking Off a Company A company may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike its name off the...
tammycasgSep 25, 20201 min readNon-Deductible Business ExpensesNon-deductible business expenses are activities you or your employees pay for that do not fulfil the conditions above. This includes...
tammycasgSep 25, 20202 min readDeductible Business ExpensesGenerally, deductible business expenses are those 'wholly and exclusively incurred in the production of income'. In other words, they...
tammycasgSep 25, 20202 min readInput Tax ClaimsDisallowed Input Tax Claims Regulations 26 and 27 of the GST (General) Regulations do not allow the following expenses to be claimed...
tammycasgSep 25, 20202 min readBusiness Records That Companies Must KeepCompanies are required to keep proper records and accounts of business transactions. Your company must maintain proper records of its...
tammycasgSep 5, 20202 min readSmall Company Concept for Audit ExemptionCurrently, a company is exempted from having its accounts audited if it is an exempt private company with annual revenue of $5 million or...
tammycasgSep 5, 20201 min readTax Exemption Scheme for New Start-Up CompaniesThe tax exemption scheme for new start-up companies was introduced in Year of Assessment (YA) 2005 to support entrepreneurship and help...