GST on Business Transfers in Singapore: Understanding TOGC and Excluded Transactions When a business in Singapore is sold or transferred, the transaction may involve various assets such as equipment, inventory, contracts, and intellectual property. Under the Goods and Services Tax (GST) rules, the transfer of these assets is generally treated as a taxable supply. However, … Read more
Ultimate Guide to Understanding Shopify Payments for Your Ecommerce Store (2026) Selling online is only as good as how easily you can take money from customers, track it, and reconcile it with your accounts. For merchants on Shopify, Shopify Payments provides a built-in way to accept payments directly through your store — but to make … Read more
Tax Evasion vs Tax Fraud in Singapore: Key Differences, Penalties, and How to Stay Compliant Understanding the difference between tax evasion and tax fraud is essential for businesses and individuals in Singapore. While both involve unlawful conduct and carry serious penalties, they are not identical in scope. Knowing how they differ — and how to … Read more
UTAP Claim Singapore: A Complete Guide to Eligibility, Benefits & How to Apply The Union Training Assistance Programme (UTAP) is a valuable training benefit designed to help NTUC members reduce the cost of skills-upgrading courses in Singapore. With rapid changes in the job market and the growing need for continuous learning, UTAP offers financial support … Read more
From Training to Transformation: How Finance Leaders Can Build a Continuous Learning Culture with WSQ Corporate Training In today’s fast-moving financial landscape, technical expertise alone is no longer enough. Finance leaders are expected to navigate regulatory changes, drive digital transformation, manage risk, and lead high-performing teams—all at the same time. To stay competitive, organisations must … Read more
GST on Discounts and Rebates in Singapore – Essential Guide for Businesses For Singapore businesses, understanding how Goods and Services Tax (GST) applies to discounts, rebates, vouchers, and credit notes is critical. With the GST rate at 9%, miscalculations on price adjustments can result in compliance issues and penalties from the Inland Revenue Authority of … Read more
A Complete Guide to EBITA: Meaning, Calculation, and Importance When analyzing a company’s financial health, some metrics provide deeper insights than others. One such measure is EBITA, or Earnings Before Interest, Taxes, and Amortisation. This figure highlights a company’s operational profitability by removing certain non-operational costs, allowing investors and business owners to focus on the … Read more
Beyond Buzzwords: What You’ll Actually Learn in an Understanding & Analysing Financial Statements Course in Singapore (Why It Matters for Your Career with WLP Academy) In today’s data-driven business landscape, being able to read between the numbers isn’t just a nice-to-have — it’s a career accelerator. Finance jargon like “cash flow”, “liquidity” and “trend analysis” … Read more
Complete Guide to Preparing for an IRAS Audit in Singapore Facing an audit by the Inland Revenue Authority of Singapore (IRAS) can be a stressful experience for businesses — but with the right understanding and preparation, the process becomes manageable. In Singapore, IRAS conducts audits not just to catch errors, but to confirm that taxpayers … Read more
How to Use SkillsFuture Enterprise Credit (SFEC) to Power Smarter Employee Training in Singapore In today’s fast-paced business climate, staying competitive means constantly improving both your workforce’s skills and your company’s capabilities. Fortunately, the Singapore Government supports this through the SkillsFuture Enterprise Credit (SFEC) — a one-off S$10,000 credit designed to help eligible employers offset … Read more