Employment Pass Application Guide Hiring foreign professionals is a key strategy for companies in Singapore looking to tap into global talent. The Employment Pass (EP) is essential for this purpose, allowing qualified individuals to work legally in Singapore. Understanding the process helps businesses hire faster and more efficiently. This guide will walk you through the … Read more
What Happens During a GTO Audit in Singapore? In Singapore, a Gross Turnover (GTO) audit is a targeted audit process designed to verify the accuracy of a tenant’s declared sales revenue. This audit is especially relevant for retail businesses operating in commercial spaces such as shopping malls, where rent is often based partially or entirely … Read more
The Benefits of Using Xero Accounting Software Cloud-based accounting platforms have rapidly transformed financial management across industries. With the sector projected to reach US$10.1 billion by 2033—growing at a compound annual rate of 6.6%—this shift reflects the increasing demand for secure, real-time financial data and integrated business operations. This trend is evident across Southeast Asia, … Read more
Trusted accounting firm in Singapore providing a full range of services (Accounting, financial planning, and tax consultancy) WLP Accounting – Trusted Accounting & Audit Professionals in Singapore. Since our inception, WLP Accounting has grown to become one of Singapore’s leading providers of professional audit and accounting services. Under the guidance of our experienced leadership team, … Read more
Microsoft Dynamics 365 vs. Xero: Which Accounting Software Is Right for Your Business? With so many accounting software solutions available, it can be challenging to determine which one best suits your business needs. Two of the most widely used options are Microsoft Dynamics 365 and Xero. Here’s a breakdown to help you decide which might … Read more
IRAS Income Tax Audit: What to Expect If your business is selected for an income tax audit by the Inland Revenue Authority of Singapore (IRAS), the process may seem daunting. However, selection for an audit does not necessarily imply wrongdoing or errors in your tax filings. IRAS adopts a risk-based approach and may audit businesses … Read more
GST Audit Services in Singapore What is GST in Singapore? Goods and Services Tax (GST) is a consumption tax levied on the supply of goods and services in Singapore, introduced in April 1994. Since then, the rules and regulations have evolved significantly. At WLP, our team of experienced GST specialists ensures your business remains compliant … Read more
Tax Audit and Investigation Services Dealing with a Tax Audit or Investigation by the Inland Revenue Authority of Singapore (IRAS) can be mentally and emotionally taxing—especially when the tax issues span several years. The process often involves intense scrutiny of financial records, frequent interviews, and complex tax jargon used in communications from IRAS, all of … Read more
How Startups Can Benefit from Outsourcing Corporate Secretarial Services in Singapore When launching a startup in Singapore, reliable corporate secretarial services are not just a convenience—they are essential. By partnering with a professional service provider, your business gains access to expert company secretarial support, meticulous bookkeeping, and robust corporate governance, all of which help you … Read more
Preparing Tax Computations in Functional Currencies Other Than Singapore Dollars Tax Computations in Non – Singapore Dollars Functional Currencies Companies that prepare their financial statements in a functional currency other than Singapore Dollars (S$) are required to prepare their tax computations in that same non-S$ currency. However, all amounts declared in the Corporate Income Tax … Read more