Blog

Singapore Tax

What is Estimated Chargeable Income (ECI)?

Confused about the mandatory Estimated Chargeable Income (ECI) filling requirement? Read on to learn the Who What Where When Why (and How) of ECI brought to you by LOL. WHAT is ECI? ECI stands for Estimated Chargeable Income and is an estimate of a company’s chargeable/taxable income for a Year of Assessment (YA) after deducting

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Accounting

Why Startups and SMEs Should Move to Cloud Accounting

In the last few years, there has been a clear trend of companies moving to cloud based solutions to run their businesses. From CRM systems to Customer Service solutions, HR solutions and Project Management solutions, a plethora of cloud based B2B tools and options have sprung up to make managing your business easier. One of

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Incorporation

Why Indian Companies Should Incorporate in Singapore

As the world becomes increasingly borderless and markets transcend geographical boundaries, it is important for business owners and entrepreneurs to think beyond the traditional idea of starting your company in your own hometown. You should think about starting or moving your company to a place that gives it the best chance for success and yet

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Incorporation

What are the different ways to structure your business in Singapore?

If you’re looking to start a business in Singapore, you may be wondering what is the best business structure to use. The legal structure is an important consideration that can affect the level of personal liability, tax rates, credibility in the market, as well as ability to expand and raise money. This is LOL’s guide

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Compliance

What are a company’s Annual Statutory Compliance Requirements?

Singapore Private Limited Companies have certain annual statutory compliance obligations and filling requirements. This is LOL’s guide to understanding these annual statutory compliances under the Singapore Companies Act. Accounting & Bookkeeping Companies have to maintain proper records and accounts of business transactions. Most small and medium sized companies choose to do this by using an

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