Singapore Set To Become Top Choice For Arbitration SINGAPORE: On January 10, this year, Parliament passed amendments to the Civil Law Act which paves the way for businesses involved in international commercial arbitration cases here to get third party funding (TPF). TPF basically refers to proceedings funded by an entity unconnected to a dispute. This…
Dear Reader, Welcome to our E-Newsletter February 2017 Our Expansion Quest In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest. We have completed our partnership agreement with two more members recently, one from United Kingdom and the other one from Israel. We…
Improving Re-Employment Opportunities for Older Workers in Singapore Retirement and Re-employment (Amendment) Bill 2016 and Revised Tripartite Guidelines on the Re-employment of Older Employees The Retirement and Re-employment (Amendment) Bill 2016 was passed by Parliament on 9 January 2017. In April 2016, MOM announced that following extensive tripartite consultations, the tripartite partners had agreed for…
ASC publishes the 2017 volume of FRSs and INT FRSs and the SFRS for Small Entities The Accounting Standards Council (ASC) publishes the 2017 volume of Financial Reporting Standards (FRSs) and Interpretations of Financial Reporting Standards FRSs (INT FRSs) and the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities) that is applicable…
Indicative margins for related party loans IRAS has introduced an indicative margin which taxpayers can apply on each related party loan not exceeding S$15 million as tabulated in this table: Related party loan not exceeding S$15 million obtained or provided during the period 1 January 2017 to 31 December 2017 – Indicative margin is +…
Beyond the Classroom – Nanyang Polytechnic Students Company Visit Education Beyond the Classroom Benefits Nanyang Polytechnic Students in Learning About Productivity Nanyang Polytechnic students get real-world insights during a company visit to 3E Accounting. Education and industry needs must be in tandem to create undergraduates that are employable and marketable. Hence, 3E Accounting was elated…
Singapore: Taking Up Secondary Directorship for Employment Pass Holders The Ministry of Manpower (MOM) has announced new rules in place for companies appointing Employment Pass (EP) holders as directors. Eligible companies can appoint EP holders from another related company to their Board of Directors, but with an Letter of Consent (LOC) from the MOM. In…
Goods and Services Tax (GST) – Unauthorised Charging of GST and Price Display Requirements We would like to bring your attention on the following matters: Unauthorised Charging of GST Only GST-registered businesses are allowed to charge GST on their sales. It is a serious offence for businesses that are not GST-registered to charge GST…
Work-Life Works, 3E Accounting – An Accounting Firm That Promotes Work-Life Harmony We are honoured to be featured in Work-Life Works, 3E Accounting – An Accounting Firm That Promotes Work-Life Harmony, on 15 January 2017. Work-Life Works’s write-up for 3E Accounting – An Accounting Firm That Promotes Work-Life Harmony. 3E Accounting offers employees flexible work arrangements,…
Superb Crew 13 January 2017 – 3E Accounting: Inching Its Way to the Top We are thrilled to be featured in Superb Crew, 3E Accounting: Inching Its Way to the Top, on 13 January 2017. In 2011, Lawrence Chai, 30, established 3E Accounting in Singapore. Lawrence assumed the role of Managing Director. The husband and wife,…
Nee Hao, Business in Asia Profile: 3E Accounting – A Leading Example of Quality Service We are delighted to be featured in Nee Hao, The UK’s no.1 resource for British Chinese culture, for being a leading example of quality service, on 10 January 2017. Nee Hao’s write-up for Business in Asia Profile: 3E Accounting –…
ATO Spotlight: 3E Accounting We are indeed privileged to be featured in Bean There Count That, ATO Spotlight for being ‘The accounting firm that takes the lead in ensuring fair and progressive workplace practices for its staff‘ on 10 January 2017. Bean There Count That’s write-up for 3E Accounting – ATO (Accredited Training Organisation) Spotlight: 3E Accounting…
