Valuation Of Your Business: Definition & Different Types

Business valuation lets businesses understand and unlock the true value of their owned assets. It is a method that accurately prescribes and describes a market value, which is the estimated number in which a liability or asset should be exchanged on the valuation date...

The Reason Why Valuation Of Your Business Is Important

Making profits is the primary objective of most business owners. They do this by spending a great amount of time and energy on developing growth plans with well-defined goals and smart business strategies. However, these plans and goals might be difficult to execute...
IASB Releases Consultation on Goodwill and Impairment

IASB Releases Consultation on Goodwill and Impairment

The International Accounting Standards Board (IASB) is exploring how to help investors hold companies to account for acquisitions and improve the accounting for goodwill. A Discussion Paper titled Business Combinations—Disclosures, Goodwill and Impairment was released...
OECD Covid-19 Tax Treaty

OECD Covid-19 Tax Treaty

On 3 April 2020, the Organisation for Economic Co-operation and Development (OECD) published on its website an OECD Secretariat Analysis of Tax Treaties and the Impact of the COVID-19 Crisis (the guidance). Governments around the globe are taking increasingly...
Be Cool and Clear on the CPF Act

Be Cool and Clear on the CPF Act

The Central Provident Fund (CPF) Board has stepped up enforcement inspections on employers in recent years. Nearly S$2.7 billion in CPF arrears were recovered from employers within a five-year period from 2014 to 2018, whether through desktop audits, on-site audits or...
Tax Arrests And More

Tax Arrests And More

Promoting Tax Excellence by SIATPPage | 1Since the commencement of the Income Tax (Amendment) Act 2018and the Goods and Services Tax (Amendment) Act 2018on 12 November 2018 and 1 January 2019 respectively, the power of the Inland Revenue Authority of Singapore (IRAS)...