Advenz Pte Ltd

14/04/2022

We have highlighted in our recent article the importance of bookkeeping and financial reporting in assessing a business’s financial health. Emphasis on proper bookkeeping and accounting systems produces reliable financial findings for making informed business decisions. Such figures may also help predict future challenges and allow the business to develop effective countermeasures.

Understand the importance of proper bookkeeping and accounting in our article:
https://www.advenz.co/importance-of-proper-bookkeeping-and-accounting/

08/04/2022

Since the revamp of our website last year, we have made continual improvements to its content and design. A key focus in these revisions is to share more comprehensive materials and provide site visitors with a better user experience.

We are happy to release a new set of handy guides to replace the existing guides on our website. The revised business incorporation guides are presented more concisely and are easier to understand. They are also available for download if you wish to keep a copy for future reference.

Do look forward to more upcoming guides on this page:
https://www.advenz.co/guides/

Simple and easy to understand, our guides aim to provide Clients with a quick overview of the key points in each selected topic.

31/03/2022

Sharing the last of our helpful incorporation-related articles, we list the statutory compliance requirements that all new and existing business owners must note. While the list is non-exhaustive, we have highlighted six primary compliance obligations that businesses spend the most time and resources on.

Read the article and find out if you know all of them:
https://www.advenz.co/statutory-compliance/

18/03/2022

Singapore's 2022 Budget Statement was delivered in Parliament by Minister for Finance Mr Lawrence Wong on Friday, 18 February 2022. Following the announcement, we have put together the key highlights concerning businesses and employees.

Proceed to our website to view and download these handy resources:
https://www.advenz.co/resources/

28/01/2022

Advenz wishes you and your loved ones a tiger-rific lunar new year! May the Year of the Tiger bring good health, prosperity, and happiness to you and your loved ones!

Our office will be closed from 31 January 2022 (noon onwards) to 2 February 2022. Usual operating hours will resume on 3 February 2022.

17/01/2022

Presenting our downloadable calendar improved with cleaner visuals for a quicker overview of the key compliance dates in 2022. Find out key statutory requirements and due dates based on your company's financial year end.

Save a copy for reference now:
https://www.advenz.co/downloads-important-compliance-dates-2022/

13/01/2022

ACRA's 2-tier penalty framework for the late filing of annual lodgments by Singapore-incorporated companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) will take effect from 14 January 2022.

Click here to find out more:
https://www.advenz.co/updates-implementation-of-2-tier-penalty-framework-for-annual-lodgment-acra/

22/12/2021

It has been a tough year for most of us amidst the continual COVID-19 situation. Despite facing our share of challenges, we are grateful for all our accomplishments over the past year. They would not have been possible without the strong support of our clients, business partners and friends.

Wishing everyone a season of joy as we look forward to better times and more exciting breakthroughs. Merry Christmas and a Happy New Year from the team at Advenz.

01/12/2021

With numerous ministries and statutory boards in Singapore that oversee and serve distinct functions, it may be confusing for those unfamiliar with Singapore’s legislative system to know which government authority to approach for different matters concerning the entity.

This list consists of the government agencies that most businesses communicate with:
https://www.advenz.co/government-agencies-in-singapore/

10/11/2021

Securing a good start for any company often includes identifying a solid business model, establishing strong fundamentals and assembling a competent team. Amongst many other variables, we believe that post-incorporation matters should also be a key consideration. Addressing these matters in the initial phase of the business will prevent possible disruptions or delays in executing exciting business plans.

These are the general requirements that newly registered entities must fulfil:
https://www.advenz.co/post-incorporation-matters/

10/11/2021

What is the difference between a sole proprietorship and a private limited company?

Though we have briefly covered the types of business structures in Singapore, new business owners may still be unsure of the business structure they should adopt. Hence, we decided to list down and compare the five main differences between sole proprietorships and companies.

Go through our article to see if our list is similar to yours:
https://www.advenz.co/sole-proprietorships-vs-companies/

18/08/2021

First recognised as a business strategy in 1989, outsourcing refers to the practice of hiring external parties to take on activities traditionally performed in-house. As more businesses adopt this business approach, outsourcing is now perceived as an indispensable solution for businesses to compete effectively.

Here's why your business should start outsourcing now:
https://www.advenz.co/why-you-should-start-outsourcing-now/