How to Start a Construction Company in Singapore (2025 Guide) Starting a construction company in Singapore requires a solid understanding of local regulations, registration processes, licensing, and financial management. This guide walks you through the essential steps to build your construction business from the ground up, while also highlighting how firms like W.L.P can … Read more
What EP Holders Need to Know Before Starting a Company in Singapore 1. Who Are EP Holders and Can They Launch a Business? An Employment Pass (EP) in Singapore is issued by the Ministry of Manpower for foreign professionals working locally. While it typically permits employment with a sponsor company, it does not automatically … Read more
Simplify Your Business with a Payroll System in Singapore Discover the Benefits of Payroll Automation & Find Trusted Support from WLP Running a business in Singapore means keeping up with various employment regulations, from CPF contributions to IRAS reporting. A payroll system (eg. Talenox, Justlogin, Staffany) helps businesses handle employee compensation accurately and efficiently—automating … Read more
8 Secrets to Smart Property Market Investing in Singapore 1. Use Leverage Wisely Financing plays a massive role in whether your investment thrives or flops. Choose mortgage solutions that maximize your borrowing while keeping repayment manageable. Work with a reputable accountant—like WLP—to tailor financing strategies that boost cash flow and tax efficiency. 2. … Read more
Understanding the Major Exporter Scheme (MES) and Its Renewal Requirements The Major Exporter Scheme (MES), administered by IRAS, allows GST‑registered businesses in Singapore to suspend GST on imports of non‑dutiable goods and on removals from zero‑GST warehouses. This helps reduce cash flow strain for companies that deal heavily in exports. Typically, MES is granted … Read more
Unlock the Power of Accounting: WSQ Basic Accounting Course for Non‑Finance Professionals Suitable for managers, team leads, HR, marketing, operations, or entrepreneurs who work with budgets, projections or financial data without a formal finance background. Why This Course Matters Build a strong foundation in core accounting principles: debits & credits, double‑entry system, accounting cycle, … Read more
How to Start a Restaurant Business in Singapore: A Step‑by‑Step Guide 1. Craft a Strong Restaurant Concept & Business Plan Begin by defining your restaurant’s concept—cuisine, target customers, style (casual or fine dining), your unique angles. Then develop a detailed business plan that covers menu strategy, pricing, funding needs, staffing, operations, and a 1–5 … Read more
Simplifying Cash Flow with IRAS’s Cash Accounting Scheme What Is the Cash Accounting Scheme? The Cash Accounting Scheme is a GST accounting method tailored for small businesses in Singapore. Instead of recording output tax based on the time of supply, businesses only account for tax when payment is received. This offers significant relief for … Read more
How to Market Your Firm and Attract Quality Clients Running a successful firm isn’t just about providing top-notch services or products — it’s also about making sure people know you exist. In today’s competitive business environment, effective marketing is no longer optional; it’s essential. Whether you’re offering bookkeeping, tax filing, corporate secretary services, or … Read more
How Multi-Currency Accounting Works: A Complete Guide Multi‑currency accounting is a system businesses use to record and manage transactions in different currencies. Instead of converting everything immediately into one currency, this method allows you to track income, expenses, assets, and liabilities in each foreign currency independently—while also translating those figures into your base or … Read more