3E Accounting Singapore Blog

7 Qualities of a Great Accountant That Make Them Different From Others Who makes a good accountant? This is a question asked by both clients looking for accounting services, and accounting professionals looking to improve the quality of their service. Well, the answer is objective; however, is kind of straightforward. A good accountant should be…

7 Most Important Accounting Tips for Startups in Singapore Accounting can be confusing to startups; however, it is one of the most important business processes. After all, excellent and accurate financial reports give a company a sense of direction, which will help for its growth. We look at some of the most important accounting tips…

A Step by Step Guide to Prepare a Balance Sheet for Companies Companies normally prepare a balance sheet every month or on a quarterly basis; the time depending on the frequency of reporting. Well, whichever one it is, you should be careful about creating the sheet in the right way. This is because a balance…

What Is the Best Way to Make a Will? 3E Accounting Has the Answer All wills in Singapore are governed by the Wills Act. If you’re planning to prepare a will, this guide is a must-read before you begin.   What You Need to Know About Your Will in Singapore Per the Wills Act, a…

Important Steps to Ensure Your Will is Accessible to the Executor Where you store your will is an important consideration. This is because you want your will to be easily accessible to the executor. It ensures unnecessary delays can be avoided. For a will to be carried out properly, it is your executor who will…

Allocating Your Overseas Assets in Your Singaporean Will Preparing a will is tough enough. Add overseas assets into the mix and it can be a little more challenging. How do you include these assets in your Singapore will?   Can I Include Assets Abroad in My Will? Yes, you can. People who prepare wills are…

Singapore and SMEs Bidding for Government Contracts SMEs play an important contribution to the wealth and stability of Singapore’s economic status. Two-thirds of its employees are coming from SMEs and contribute to almost $200b. With that being said, qualified contractors and subcontractors have a large number of procurement opportunities available for them. Here are some…

Variable Capital Company Benefits in Singapore The Variable Capital Company (VCC) is Singapore’s newest and legal means for an investment fund to be domiciled in the country. It was just launched last October 2018. The Accounting and Corporate Regulatory Authority (ACRA), together with the Monetary Authority of Singapore (MAS), officially inaugurated the Singapore Variable Capital…