Audit of Charities | Bestar Auditing Charities in Singapore Audit of Charities in Singapore: A Comprehensive Overview Charities and Institutions of a Public Character (IPCs) in Singapore play a vital role in society, and maintaining public trust in their operations is crucial. To ensure transparency and accountability, these organizations are subject to audits, which help to verify their financial health and compliance with regulations. Regulatory Framework The audit of chari

Auditors and Public Offering Documents | Bestar Auditors and Public Offering Documents In Singapore, auditors play a crucial role in ensuring the accuracy and reliability of financial information presented in public offering documents. Here's a breakdown of their involvement: Role of Auditors in Public Offering Documents Financial Statement Audits:  Auditors are responsible for conducting independent audits of the issuer's financial statements included in the offering documen

Audit | Bestar What is an Audit? An audit is a formal examination of an organization's or individual's accounts or financial situation. It involves a thorough review of financial records and other relevant information to ensure their accuracy and compliance with applicable laws and regulations. Audits are typically conducted by independent auditors, who are qualified professionals with expertise in accounting and auditing standards. They examine financial statements, such as

Audit and Assurance Services | Bestar Audit and Assurance Services Audit and assurance services in Singapore are provided by a variety of firms, including "Big Four" accounting firms, mid-tier firms, and boutique firms. These services are essential for businesses to maintain financial transparency, comply with regulatory requirements, and build trust with stakeholders. Here are some of the key audit and assurance services offered in Singapore: Statutory audits:  These audits

Invest in a Franchise in Singapore: Your Ultimate Guide | Bestar Franchising Guide for Singapore Investors Invest in a Franchise in Singapore: Your Ultimate Guide Investing in a franchise in Singapore  is a smart way to enter the dynamic local market, offering a blend of reduced risk and a proven path to profitability. By leveraging an established brand, you skip the hurdles of building a business from scratch. However, success hinges on meticulous preparation and due diligen

Singapore Company Auditing | Bestar Singapore Company Auditing In Singapore, not all companies are required to have their financial statements audited. There's a concept of a "small company" that qualifies for an audit exemption. Audit Exemption Criteria A company is exempt from audit if it meets at least two of the following three criteria for the immediate past two financial years: Total annual revenue of S$10 million or less Total assets of S$10 million or less Number of e

Singapore Accounting & Auditing Services | Bestar Singapore Accounting & Auditing Services Singapore has a well-developed financial sector with a wide range of accounting and auditing services available for businesses of all sizes. Here's a quick rundown of what you can expect: Types of Accounting Services Offered Statutory Audits:  Mandatory for most companies in Singapore, ensuring compliance with Singapore Companies Act and Singapore Financial Reporting Standards (SFRS)...

Corporate Secretarial Services Bestar Corporate Secretarial Services Corporate secretarial services are essential for businesses in Singapore to ensure they comply with local regulations and operate smoothly. Here's what they typically include: Filings with ACRA (Accounting and Corporate Regulatory Authority):   This covers annual returns, changes in directors or shareholders, and other mandatory filings. Maintaining statutory registers:  These registers document important co

Establishing a Holding Company in Singapore: Your Ultimate Guide | Bestar Singapore Holding Company Setup Guide Setting up a holding company in Singapore  is a smart, strategic move for international businesses and investors. Known for its pro-business policies and attractive tax regime, the city-state offers a straightforward yet highly advantageous environment for centralizing control, protecting assets, and optimizing taxes. While the process is generally simple, understan

Your Guide to Incorporating a Company in Singapore | Bestar Company Incorporation in Singapore Guide What is a Company Corporation in Singapore? A company corporation in Singapore  is a sophisticated legal structure that is entirely separate from its owners. This fundamental feature of separation means the entity itself possesses its own legal rights and liabilities , offering a critical layer of protection for its shareholders and directors. Owners are not personally liable

The Essential Guide to Company Setup in Singapore: A Streamlined Path to Business Success | Bestar Singapore Company Setup Guide The Essential Guide to Company Setup in Singapore: A Streamlined Path to Business Success Singapore is consistently ranked as one of the best places in the world to do business, thanks to its pro-business policies , political stability , and efficient government services . Setting up a company in this thriving global hub is a surprisingly straightfo

Ultimate Guide: ACRA Company Registration in Singapore (Step-by-Step) | Bestar Ultimate Guide: ACRA Company Registration in Singapore (Step-by-Step) Are you looking to register a company in Singapore ? The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants, and corporate service providers. Registering your business with ACRA via the online portal, BizFile+ , is the first and most crucial legal step to becomi

Essential Guide to Accounting and How Bestar Accounting Singapore Can Help Your Business Thrive Bestar Accounting Services Essential Guide to Accounting and How Bestar Accounting Singapore Can Help Your Business Thrive Accounting is the backbone of every successful enterprise. It is far more than just crunching numbers; it's the systematic process of recording, classifying, and summarizing financial transactions to provide actionable insights for crucial business decisions. F

Statutory Auditor | Bestar Singapore Statutory Auditor Guide In Singapore, a Statutory Auditor  is a public accountant or accounting firm registered with the Accounting and Corporate Regulatory Authority (ACRA) . Under the Singapore Companies Act, every company must appoint an auditor within three months of incorporation unless they qualify for specific exemptions. Below is an article designed to help businesses understand these requirements. Statutory Auditor in Singapore: A

Setting Up a Local Company in Singapore | Bestar Setting Up a Local Company in Singapore Setting up a company in Singapore is a well-structured and efficient process, making the city-state a prime location for entrepreneurs and international businesses. This guide covers the essential steps, legal requirements, and key considerations for incorporating a local Singapore company , typically a Private Limited Company (Pte Ltd) , which is the most common and recommended structure

Comprehensive Guide to Singapore Company Changes: Ensuring Smooth Compliance | Bestar Singapore Company Changes: A Guide Comprehensive Guide to Singapore Company Changes: Ensuring Smooth Compliance Running a business in Singapore often requires adapting to new circumstances, and this includes making formal Singapore Company Changes . Whether you're rebranding, expanding, or restructuring, it's crucial that these changes are executed correctly and in full compliance with the A

E-File Your ECI for YA 202X: The Essential Singapore Corporate Tax Guide | Bestar ECI Filing Guide for Singapore Companies E-File Your ECI for YA 202X: The Essential Singapore Corporate Tax Guide The Estimated Chargeable Income (ECI) filing is a cornerstone of corporate tax compliance in Singapore. Timely e-filing for the Year of Assessment (YA) 202X is crucial for every company to ensure compliance, avoid penalties, and benefit from tax instalment plans. Here is your compreh

How to Apply to the Official Receiver to Lay Claim to Asset(s) Belonging to a Company that has been Dissolved or Struck Off (“Defunct Company”) How to Claim the Tax Credit Belonging to a Company that has been Struck Off | Bestar How to Claim the Tax Credit Belonging to a Company that has been Struck Off A company becomes defunct when it is dissolved or struck off the register by the Accounting and Corporate Regulatory Authority. When the company is dissolved, any tax credit d

Singapore Public to Private Company Conversion Converting from Public Company to Private Company Converting a public company to a private company in Singapore is a strategic decision that involves complying with specific requirements under the Companies Act, governed by the Accounting and Corporate Regulatory Authority (ACRA) . The conversion process, often referred to as "going private," is a significant undertaking that requires careful planning, shareholder approval, and s

Can I make a Will without a lawyer? How much does making a Will cost? What should you not include in a Will? Property Disposable by Will Every person may devise, bequeath or dispose of by his Will, all real estate and all personal estate which he shall be entitled to at the time of his death. Will of Infant Invalid No Will made by any person under the age of 21 years shall be valid. Mode of Execution No Will shall be valid unless it is in writing. Every Will shall be signed a