The financial market in Singapore is one of the most developed and competitive from Asia. It offers a wide range of business loan options for small and mid-size businesses. Because of the presence of both traditional banks and fintech lenders, entrepreneurs can access financing suitable to their growth, cash flow, or investment needs. A stable … Read more
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
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
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
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
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
In today’s business environment, implementing advanced IT solutions is crucial for a company’s growth. The Singapore government’s Productivity Solutions Grant (PSG) provides substantial support in this endeavour. There has been several changes to the PSG Grant since 2018. But the following guide will walk you through the application process for the PSG in 2023, ensuring … Read more
What is the PSG Grant? The Productivity Solutions Grant (PSG) is an initiative spearheaded by the Singaporean government aimed at supporting businesses in their digital transformation journey. It provides funding for the adoption of IT solutions and equipment to enhance business processes, such as for Xero accounting software. Thus the PSG Grant can be seen … Read more
The PSG Grant is a government grant by Enterprise SG to subsidise the cost of digital solutions, such as eCommerce website design, for small and medium sized businesses (SMEs) in Singapore. The PSG stands for: Productivity Solutions Grant. The PSG Grant was launched in 2018 and it was initially subsidising up to 90% of costs … Read more
In November 2021, Xero published an article stating that Singaporean SMEs were leading tech adoption in the UK and US. A study was conducted by Xero whereby SME owners from Australia, New Zealand, Singapore, the USA, the UK and Canada were interviewed. Singaporean SME owners were found to be most likely to embrace new innovative … Read more