Raffles Corporate Services

Raffles Corporate Services We are a Registered Filing Agent with the Accounting and Regulatory Authority of Singapore.

Many SMEs only see a bank when cash is already tight — and discover their accounts aren’t ready. Lenders lend against ve...
02/09/2026

Many SMEs only see a bank when cash is already tight — and discover their accounts aren’t ready. Lenders lend against verifiable records, not ideas.

Start at least three months before applying: reconcile bank accounts, update ACRA/IRAS filings, assemble 2–3 years of financial statements, recent bank statements, aged receivables, and a cash‑flow forecast with downside scenarios. Clean up director loans and personal expenses, and prepare short explanations for unusual items.

Read the full guide: https://rafflescorporateservices.com/preparing-company-for-financing-singapore/ 📌

Many directors don’t realise an accounting provision under SFRS(I) 9 is not automatically an IRAS tax deduction — and th...
01/09/2026

Many directors don’t realise an accounting provision under SFRS(I) 9 is not automatically an IRAS tax deduction — and that mismatch can trigger queries and unexpected tax adjustments.

Ensure receivables are defensible: age invoices by due date, document debtor‑specific evidence, separate modelled provisions from specific doubtful debts, and test write‑offs for GST bad debt relief.

Our corporate secretarial team prepares schedules, directors’ approvals and tax computation support so deductions are supported and cash is recovered where available.

Read the full guide: https://rafflescorporateservices.com/provisioning-bad-debts-writing-off-receivables-singapore/

Many directors don't realise that small purchases—like a laptop or delivery van—can create audit, tax and valuation head...
31/08/2026

Many directors don't realise that small purchases—like a laptop or delivery van—can create audit, tax and valuation headaches if not recorded correctly. 📌

Accounting depreciation and IRAS capital allowances follow different rules in Singapore. Without a documented capitalisation policy and a fixed-asset register you risk tax mismatches, phantom assets and painful adjustments at due diligence.

Find out what this means for your business. Read the full guide: https://rafflescorporateservices.com/accounting-fixed-assets-depreciation-singapore/

30/08/2026

Self-employed in Singapore? Understanding your CPF MediSave contributions is crucial! This video explains everything you need to know about MediSave for Self-Employed Persons (SEPs). Learn how to plan your finances and stay compliant. Watch now to get clarity!

Money in the bank isn’t automatically income — and that timing mismatch trips up many Singapore SMEs at year end. Deferr...
30/08/2026

Money in the bank isn’t automatically income — and that timing mismatch trips up many Singapore SMEs at year end. Deferred revenue (paid before delivery) is a liability; prepayments are assets. Follow a simple month‑end routine to flag contracts, apportion service periods and reconcile GST vs revenue so profit, tax and GST filings all align.

Avoid common mistakes like recognising refundable deposits as income or letting deferrals accumulate unnoticed. Read the full guide: https://rafflescorporateservices.com/deferred-revenue-and-prepayments-singapore/

29/08/2026

Title: Navigating Loans to Directors: Key Restrictions Explained

Understanding Section 162 of the Singapore Companies Act is crucial for businesses. This video breaks down the restrictions on loans to directors, ensuring your company remains compliant and avoids penalties. Learn how to navigate these regulations effectively to maintain sound corporate governance and protect your business interests. Stay informed about corporate compliance in Singapore.

New game, new rules.We are no longer just navigating a VUCA world-we’ve entered the BANI era (Brittle, Anxious, Non-line...
28/08/2026

New game, new rules.

We are no longer just navigating a VUCA world-we’ve entered the BANI era (Brittle, Anxious, Non-linear, Incomprehensible).

Inspiring morning at the ACRA and SID launch of the Company Director Fundamentals. As the global landscape shifts, elevating director competence and mastering fiduciary duties has never been more critical. Special thanks to Teochew Poit IP Huay Kuan


Many directors don’t realise revenue is recognised when the service is delivered — not when you invoice or receive payme...
27/08/2026

Many directors don’t realise revenue is recognised when the service is delivered — not when you invoice or receive payment. That mistake can overstate profit, distort ECI and attract IRAS or investor scrutiny.

This guide gives a practical month‑by‑month process for service businesses in Singapore: write scopes, classify engagements, set recognition schedules, separate billed vs earned, and reconcile GST timing.

Read the full guide to see SGD examples and avoid common pitfalls. Read the full guide: https://rafflescorporateservices.com/revenue-recognition-service-businesses-singapore/

Just a day’s work, but a pretty interesting one! 💻 Grateful for the invite to the Executive AI Leadership workshop at Go...
27/08/2026

Just a day’s work, but a pretty interesting one! 💻 Grateful for the invite to the Executive AI Leadership workshop at Google Singapore today.
Got some great hands-on experience exploring how Gemini Enterprise can drive lean operations and got a solid briefing on the IMDA subsidies available for AI integration. Always good to take a step back and see how we can work a little smarter. Thanks to Google Cloud and Cloud Ace for hosting a great session.

FutureOfWork SgSME

Many finance teams underestimate how exchange-rate moves affect management accounts and tax. If your Singapore company i...
26/08/2026

Many finance teams underestimate how exchange-rate moves affect management accounts and tax. If your Singapore company invoices or pays in foreign currencies, realised and unrealised FX gains/losses can distort profit, affect your ECI and invite IRAS scrutiny.

This guide explains which transactions are affected, the step-by-step accounting workflow, GST conversion considerations and five common mistakes to avoid — plus practical controls to keep your books defensible. Avoid surprises at audit and tax filing with a simple FX policy. Read the full guide: https://rafflescorporateservices.com/foreign-currency-transactions-fx-gain-loss-singapore/

Find out what this means for your business. 📊

Address

151 Chin Swee Road, #02-04A, Manhattan House
Raffles Park
169876

Opening Hours

Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00

Telephone

+65 8222 2886

Website

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