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Business Insights

WLP Group

E-commerce Accounting in Singapore: A Comprehensive Guide for Online Businesses

E-commerce Accounting in Singapore: A Comprehensive Guide for Online Businesses The rapid expansion of e-commerce in Singapore has reshaped the retail industry, offering both opportunities and challenges for business owners. As Singapore solidifies its position as a leading digital commerce hub in Southeast Asia, proper accounting practices have become essential for online businesses. Understanding e-commerce … Read more

Guide to Registering a Singapore Branch Office in 2025

The Complete Guide to Registering a Company in Singapore in 2025: Process and Costs Explained  Starting a new company in Singapore, particularly when it comes to company registration, involves a straightforward process with clear steps and certain costs. This guide outlines the entire procedure from start to finish, including various business entity types, legal requirements, … Read more

Singapore Budget 2025: Key Tax Incentives Highlights for Businesses

Singapore’s Budget 2025 introduces a range of tax incentives designed to support businesses, stimulate innovation, and bolster the nation’s economic resilience. Here’s a summary of four key tax measures that companies should consider: 1. Corporate Income Tax Rebate To alleviate rising operational costs, the government has announced a 50% Corporate Income Tax rebate for the … Read more

Malaysia’s National E-Invoicing Initiative: What you must know

As a small or medium enterprise (SME) owner in Malaysia, staying ahead of regulatory changes is crucial for business success. With the government pushing towards a digital economy, one key change that will impact us all is the national e-Invoicing initiative. This move aims to modernize invoicing, making financial transactions more efficient, transparent, and compliant … Read more

Benefits of the PSG Grant for Singaporean Businesses

Key Takeaways The Productivity Solutions Grant (PSG) is a game-changer for Singaporean businesses. Discover the key benefits of this grant and how it can propel your business to new heights. What are the benefits of the PSG grant for Singaporean businesses? The PSG grant offers significant financial support for companies looking to implement IT solutions, … Read more

Introduction to invoicing in Singapore

When you run a business in Singapore, sending out invoices is key. These documents tell your clients what they must pay you. They also keep your accounts clear and correct. In Singapore, certain details must be on your invoices. This makes sure they meet legal standards. Singapore uses the SFRS. So you need to make … Read more

What is insider trading?

Understanding insider trading and “inside” information Insider trading is a term you may often hear in news related to the stock market, business, and accounting. But what exactly is it? And where do we draw the line between legal and illegal insider trading? In the simplest terms, insider trading involves trading (buying or selling) stocks … Read more

What are SPEs (Special Purpose Entities)

Special Purpose Entities (SPEs) might sound like something from a science fiction novel. But in reality, they’re a type of financial arrangement used in the world of accounting and business. Accounting is more than just using accounting softwares like Xero. We will go into specific accounting and legal tools that businesses use. Essentially, an SPE … Read more

7 Ways Technology Can Streamline Your Business Operations

The business landscape in Singapore is rapidly evolving, and entrepreneurs must be able to stay ahead of the curve to thrive and continue to maintain profitability. One way of doing this is by embracing tools and solutions powered by digital technology. Digital transformation offers individuals and organisations a wealth of opportunities to streamline operations, improve … Read more

What is Enterprise SG?

Enterprise SG is a Singaporean government agency with the mission to promote development among businesses in Singapore. Enterprise SG also has a mission to transform into a city for business activity and new startups with the highest quality goods and services in the world. One way that Enterprise SG does this is via the PSG … Read more