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In this modern world, your business must be able to adapt to change, properly manage cash-flow, understand and track performance and profitability, and strategically plan for tax time. Now with the arrival of binary technology that has made accounting fast and secure, business owners are no more dependent on your accountant to understand their finances better. Here are a few things how real-time accounting accelerates your business growth Track Financial Details For the most part, a cloud-based accounting software allows you to easily track your expenses & incomes, that too all in real-time. Instead of congested paper receipts into files at home and a cloud accounting platform can allow you to track expenses on the wing. No more filing cabinets and no more lost deductions. Stay Ahead with Automatic Updates If you use an offline solution for your accounting you’ll need to go through the hassle of purchasing a hardware like CD or storage drive and physically updating it...

Selecting an accounting software for a business is the most critical step towards a transparent account and of course a better business. Do enough research before purchasing their accounting system. In fact, in most of the cases, they aren’t much aware of what exactly they should ask about an accounting software. If you don’t want to do the same mistake, here are some guidelines for you. Buying software based on features alone When you buy software on features alone you may fail to notice other serious factors such as: Scalability – Software’s ability to grow with your company. Flexibility – Ability to meet your changing needs, rather than you having to conform to the software. Access Complexity – The software is too complex and cumbersome for you to effectively implement and manage. Technology Fit – You don’t have the technical complexity to use and manage the software. Cost – The total cost of possession is more than you can afford. Support – Insufficient supp...

Finding a customer, holding, and retaining them long term has become ever more complicated. Customer retention helps increase the profitability of your business in a number of ways that you might not realize. Here are some reasons why customer retention is key to your business’ success. So, how do you retain your customers? Understand what’s your customer’s need You might consider that understand what’s your customer’s needs is only important in acquiring new customers. In fact, it is also necessary for retaining your customers. By understanding the desires of your clients, you will always bring your best to your customers thru listening to their needs; sometime they will give their insights and view which could help your business growth. There are several forms of retaining your customers, you can keep customer through provide good after sales services, endow with required supports and many more. Appreciate your customers Appreciation is essential for those client...

Singapore’s attractive tax policy is a vital part of its long-term approach to developing into the preferred destination for investment and talent from across the globe. Inland Revenue Authority of Singapore ( IRAS ) is the main government agency that levies and collects all taxes in the country. The following are some of the different types of taxes in Singapore. Income Tax Income tax is levied on the total income of individuals and companies. Property Tax Property tax is imposed on owners of unmoveable properties based on the percentage (tax rate) of the annual value of the property. Motor Vehicle Taxes These are taxes, other than import duties, that are imposed on motor vehicles. These taxes are imposed to curb car ownership and road congestion and include the various registration fees, excise duty, road tax and special tax. Customs & Excise Duties Singapore is a free port and has relatively few excises and import duties. The duties are mainly on motor vehic...