Guide to Applying for a Certificate of Residence (COR) in Singapore A Certificate of Residence (COR) verifies your tax residency status in Singapore, allowing you to access tax benefits and reliefs under Double Taxation Agreements (DTAs). For businesses, a COR is crucial to prove your tax residency in Singapore, helping you avoid being taxed twice … Read more
Financial Forecasting for New Businesses (Startups) Unlock your startup’s full potential with the power of financial forecasting. With accurate insights into your financial future, you can make smarter decisions and attract the right investors. At WLP, we provide the tools to guide your startup toward long-term financial success. Why Financial Forecasting Matters for Startups Starting … Read more
Preparing for the GST ASK Review Overview While the concept of Goods and Services Tax (GST) may seem straightforward, compliance can be quite complex. Through our Assisted Self-help Kit (ASK) Annual Reviews, conducted in line with guidelines from the Inland Revenue Authority of Singapore (IRAS), we’ve consistently identified errors in nearly every case we’ve handled. … Read more
Manage Your Project Costs with Xero’s Job Costing Software – and Get Help from WLP Keep your projects profitable and under control with Xero’s intuitive job costing software—designed specifically for small businesses. Accurately track project costs, generate quotes with confidence, and monitor profitability in real time. Manage everything in one place, and use the Xero … Read more
5 Essential Questions to Ask Your Accountant at Tax Time in Singapore Tax season in Singapore is more than just a compliance exercise—it’s a strategic moment to strengthen your business. Your annual meeting with your accountant is a valuable opportunity to get expert tax advice, address any uncertainties, and stay updated on new regulations that … Read more
5 Time-Saving Bookkeeping Shortcuts Using Xero Unlock Efficiency and Grow with WLP Bookkeeping forms the foundation of every successful business—but it doesn’t have to be time-consuming or overwhelming. In today’s fast-paced business environment, embracing technology is key to staying ahead. That’s where Xero comes in. As a leading cloud-based accounting platform, Xero transforms the way … Read more
Accounting Services for Interior Design Companies Tailored Financial Solutions for the Interior Design Industry Are you running an interior design firm in Singapore? At WLP, we’ve worked closely with many interior design and construction-related businesses over the years, and we understand the unique financial demands of your industry. Our experience allows us to offer accounting … Read more
How to Migrate from QuickBooks and MYOB to Xero Accounting Software Transitioning to Xero from QuickBooks or MYOB can enhance your financial management with its intuitive design and powerful features. Whether you run a small business or a larger organization, Xero offers increased automation, real-time financial insights, and seamless integration with a wide range of … Read more
Tax Filing Requirements for Dormant Companies in Singapore Singapore’s vibrant business landscape hosts a wide variety of companies, including dormant companies — businesses that have temporarily ceased operations but are maintained in readiness for future activities. Though inactive for now, these companies hold untapped potential and remain poised for growth. However, understanding the tax filing … Read more
Do You Need a Bridging Loan? When purchasing a new property before selling your current one, you might encounter a financial gap. A bridging loan can be a helpful solution, providing temporary funding to ease your transition between homes. This article will guide you through everything you need to know about bridging loans — including … Read more