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Trusted accounting firm in Singapore providing a full range of services (Accounting, financial planning, and tax consultancy)

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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

IRAS Income Tax Audit: What to Expect

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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

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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

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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

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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

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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

Microsoft Dynamics 365 Business Central vs. Xero Accounting — Which ERP Is Right for Your Business?

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Microsoft Dynamics 365 Business Central vs. Xero Accounting — Which ERP Is Right for Your Business? As a growing business, you’re constantly navigating a landscape filled with tough decisions and evolving challenges. To stay competitive, you need a flexible, cloud-based ERP solution—one that empowers your team, scales with your operations, and streamlines financial management. Two … Read more

3 Proven Strategies to Boost Your Income: Insights for Business Owners from an Accounting Firm

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3 Proven Strategies to Boost Your Income: Insights for Business Owners from an Accounting Firm At WLP, we understand that one of the most crucial elements for business success is financial growth. Whether you’re a small business owner or running a larger enterprise, increasing your income requires strategic action and proper financial management. Here are … Read more

A Comprehensive Guide to Accounting for Mergers and Acquisitions

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A Comprehensive Guide to Accounting for Mergers and Acquisitions In today’s competitive business environment, many companies pursue mergers and acquisitions (M&A) to grow, diversify, or strengthen their market position. Whether combining forces with another company or acquiring one outright, M&A offers significant opportunities but also presents complex accounting challenges. It’s crucial for businesses to fully … Read more