Double taxation occurs when income is taxed in both the country of residence and the country where it is earned. This can result in a higher effective tax rate for the taxpayer and can be a deterrent to cross-border business activities. A double taxation agreement (DTA) is a bilateral agreement between two countries that aims […]

Shopee is a popular e-commerce platform in Singapore. It offers a wide variety of products and services to buyers and sellers. Selling on Shopee allows you to connect with a large audience and to access features and tools unique to Shopee that can help you better manage your sales and promote your products. In this […]

Every day brings with it a slew of headlines communicating unsettling news. Each one making our world a more uncertain and strange place. The cost of living crisis. The war in Ukraine. Climate change emergencies. And the list goes on. One way or another, directly or indirectly, we’re all touched by it—businesses included. ‍ That’s […]

A business credit score is a numerical representation of how creditworthy your business is. A business credit score differs from a personal credit score in that it is based on the financial activities of your business rather than your personal finances. However, your personal credit score may still be taken into consideration when evaluating it. […]

As a consumer or business owner in Singapore, you are already familiar with some of the various fees and charges that banks levy for their services. These charges can vary significantly from one bank to another and even from different account types within the same institution. Understanding the different types of fees and how they […]

As a business owner, one of the first decisions you need to make is which type of business account is right for your company. This is an important decision that can impact the financial management and operations of your business. Before making your choice take the time to understand the different options available to you […]

If you’re a small business owner, you may have encountered challenges while waiting for customer payments to come through. Delayed payments can impact your cash flow and your ability to cover expenses. Invoice financing is one solution to this problem. This type of financing allows you to sell your unpaid invoices to a third party […]

Purchasing an established e-commerce business can be an attractive investment opportunity. An established business offers immediate access to a customer base, operational infrastructure, and revenue streams. However, the process of acquiring an e-commerce business can be complicated and requires careful evaluation and due diligence. To help you navigate the acquisition process with confidence, this article […]

As a business owner in Singapore, it’s important to understand the financial reporting standards that apply to your business. These standards provide a framework for preparing and presenting financial information, and help ensure that your financial statements are consistent, reliable, and transparent. In Singapore, the financial reporting standards are set by the Accounting Standards Council […]

Qoo10 is one of Singapore’s most popular online marketplaces. It offers both consumers and businesses a wide range of products and services. Below, we’ll provide a step-by-step guide for businesses selling on Qoo10 Singapore, and tips to help you boost your sales on this platform. Step 1: Set Up Your Account To start selling on […]

In business and finance the terms "top-line growth" and "bottom-line growth" refer to different aspects of financial performance. Both are measurements of growth and act as tools, not only for measuring growth, but also for understanding it. Each of these measurements reflect different factors that lead to improved financial performance. An understanding of the different […]

Written by workbuddy – Singapore’s flexible workspace specialists. Flexible work arrangements allow employees to deviate from the standard 9 to 5 at the office, Monday to Friday schedule, giving them more choice over either their working hours or location or both. These arrangements differ from company to company, depending on the nature of work and […]