From 1 August 2016, the applicant who is applying for the PIC cash payout has to e-file the application via the e-service portal at mytax.iras.gov.sg. The detail information is available on the IRAS website.  

During implementation, I do see duplicated transactions being recorded in the accounting software. Most of the accounting software will prompt user whenever you try to record a duplicated transaction; either duplicated invoice, bill or the cheque number. However, when you are “busy” or try to “multi-task”, you may simply slip your mind and ignore the […]

Merry Christmas and Happy New Year  

Happy Birthday Singapore

If the advance payment received forms part payment of the supply, GST is chargeable. (information from IRAS)

From IRAS web Site: If you have made a mistake in your past GST return(s), you can correct the error in the current GST F5 return provided that:   The net GST amount in error for all the prescribed accounting periods affected is not more than $1,500; and  The summation of errors in each prescribed […]