Grof

30/07/2025

💸 Still leaving money on the table with your GST?
If you're not claiming input tax correctly, you might be missing out on thousands in recoverable cash.Claiming input tax isn’t just a compliance task — it’s a smart cash flow move.Here’s how to do it right:

1️⃣ Make sure you're GST-registered
2️⃣ Keep valid tax invoices for all business purchases
3️⃣ File your input tax in the right return period
4️⃣ Reconcile your records to avoid costly IRAS mistakes

✅ Learn how to maximise your claims and avoid penalties in our full guide:
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Understand gst input tax and output tax and their impact on your finances. Dive into our blog for in-depth analysis and guidance.

24/07/2025

💡 Still hiring a full-time ? It might be costing you more than you think.

For many , hiring in-house seems like the logical next step — until you realise you’re paying premium dollars for idle time and limited expertise.

Here’s the reality:

- More Than Just Salary: Add CPF, training, leave, software, and overheads.
- One Person, Many Gaps: Bookkeeping, payroll, tax, compliance — too much for one head.
- You Outgrow Them Fast: Your business scales. One hire doesn’t.

🚀 Outsource smarter.

Get a full team of & specialists — for less than a single hire.

No downtime. No guesswork. Just results.

👉 https://grof.co/sg/blog/accounting-services-vs-accountant-cost-in-singapore . Read to see how outsourcing can work better for your business.

Explore affordable accounting services for small businesses in Singapore. Learn how to balance cost and accuracy effectively.

21/07/2025

🇸🇬 Celebrating Early with Grof – For New & Growing Businesses! 🎉

Singapore’s turning 60, and we’re marking the milestone in advance with exclusive offers for businesses ready to grow.
Whether you’re just starting out or scaling up, Grof’s got your back🚀

✨ New to Grof? Enjoy up to S$160 off your first sign-up.
💼 Already with us? Add services or upgrade your plan to unlock this SG60 treat!

Expert services, built for your next stage.
🔗 Visit Our Websites Today: https://grof.co/sg

Terms and Condition:
• Clients can enjoy this offer when they upgrade, renew, or add new services.
• Min. spend of S$700 applies.
• This promotion excludes penalties, fines, and any payments made on your behalf.
• Existing clients are welcome to check with your Grof rep to confirm eligibility.

15/07/2025

🚀 Ready to scale your e-commerce business in Singapore?

As you grow, getting right is more than ticking a compliance box—it's your gateway to building a credible, cost-efficient, and globally competitive business.

Here’s why mastering GST matters:

✅ Cut Costs: Registering for GST lets you claim input on expenses—putting money back into your operations.

🌍 Sell Globally with Confidence: Understand the Overseas Vendor Registration (OVR) regime to seamlessly sell to Singapore customers from anywhere in the world.

🤝 Boost Credibility: Strong GST compliance builds trust with customers, suppliers, and investors.

📈 Price Transparently: Apply Singapore’s 9% GST correctly on physical and digital products to keep your pricing clear and competitive.

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GST done right is a sign of a well-run business—ready to thrive and expand.

👉 Dive into our essential guide and set your e-commerce up for long-term success:

https://grof.co/sg/blog/essential-guide-gst-for-e-commerce-businesses

Learn all about GST for your e-commerce business. Get essential insights on tax compliance and regulations in our blog.

11/07/2025

💸Giving away or disposing of business assets?💸

Even “free” isn’t tax-free. From gifted laptops to traded office furniture if you claimed input tax and the asset is worth over S$200, may still charge based on its market value. 💡 Don’t let GST catch you off guard.

Let Grof help you stay compliant from registration to reporting.

🔗 Read more here https://www.iras.gov.sg/who-we-are/what-we-do/annual-reports-and-publications/taxbytes-iras/gst/sold-or-disposed-of-your-business-asset-or-gave-away-your-business-asset-for-free-account-for-gst-even-when-you-did-not-receive-any-money-for-it

08/07/2025

📣 Singapore Businesses, Take Note!

As of May 1, 2025, has rolled out the soft launch of its e-invoicing requirement, part of a phased mandate for GST-registered businesses in .

Key Dates :
✅ May 1, 2025: Soft launch began for voluntary early adopters
🚀 Nov 1, 2025: Mandatory for newly incorporated voluntary GST registrants
📆 Apr 1, 2026: Mandatory for all new voluntary GST registrants

Already GST-registered in Singapore? InvoiceNow compliance is no longer optional, now’s the time to get ahead.

🔗 Read the full update from IRAS here https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/gst-invoicenow-requirement

03/07/2025

🚨 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚 𝐄-𝐈𝐧𝐯𝐨𝐢𝐜𝐞 𝐔𝐩𝐝𝐚𝐭𝐞 🇲🇾

As we kick off July, here’s a quick recap of the latest update announced last month by the Inland Revenue Board of Malaysia ( ) on implementation.

Starting 1 January 2026, all industries and taxpayers will be required to issue e-Invoices for every transaction exceeding RM10,000, covering both goods and services.
❗ Consolidated e-Invoices will no longer be accepted.
📲 Not sure how this affects your business? Chat with our Grof experts today https://meetings.hubspot.com/ulysses-ong

02/07/2025

What if your accountant did more than just file your taxes? What if they helped you find opportunities, cut costs, and plan your next stage of growth?

1. 🤔 You're not getting strategic advice: Your accountant should help you to identify financial risks or underlying tax opportunities.
2. 🤖 You're stuck with manual processes: Modern firms use automation to save you time on expenses, payroll, and compliance, reducing errors.
3. ⚠️ You're worried about compliance: A top-tier service ensures you're always aligned with the latest from ACRA and IRAS, avoiding penalties.

Your business deserves more than just basic bookkeeping. It needs an accounting service that actively helps you grow.

Find out what a true financial sidekick can do for you in our latest article.➡️
https://grof.co/sg/blog/better-small-business-accounting-services-in-singapore

Free consultation with an expert today ➡️ https://wa.me/6560166399

Explore essential accounting services for small business Singapore to ensure your company's financial health and compliance.

13/06/2025

Is your company's financial reporting as accurate as it should be? Many small and medium-sized enterprises in Singapore can miss important details in their financial statements, which can lead to compliance issues.

Here are some common areas that might need a second look:

- 🔍 Using the Right Standard: Are you certain you're applying the correct accounting standards for your specific business?
- ✍️ Incomplete Notes: Financial statements need clear, detailed notes. Are yours telling the whole story?
- 🗓️ Cash vs. Accrual: Are you recording income and expenses when they occur, not just when cash is paid or received?
- 📚 Irregular Bookkeeping: Keeping your books updated monthly is key, not just preparing them at the end of the year.
- ⏰ Late Submissions: Are you filing your financial statements on time to avoid penalties?
- 📂 Audit Readiness: Do you have the accurate statements and supporting documents ready for an audit?

Getting your financial reporting right is fundamental for compliance, making informed business decisions, and building trust with partners and authorities.

Our latest blog post is a helpful checklist on what SMEs often miss. Read the full guide to see what your business should focus on.

https://grof.co/sg/blog/sfrs-compliance-checklist-what-singapore-smes-often-miss-in-financial-reporting

Avoid costly mistakes with SFRS Singapore. Learn to navigate financial reporting standards important for SMEs in Singapore.

05/06/2025

in 🇸🇬 isn’t just a checkbox — it’s the foundation of a well-run business.From annual filings to share allocations and director changes, services quietly keep your business on track.

At Grof, we go beyond the basics:

💻 Seamless online accessibility
⏱️ Save time & reduce costs
📡 Real-time compliance monitoring
🤝 Real people who get your business
We make compliance effortless — so you can focus on growing your company with confidence.

📞 Chat with a Grof Expert: https://meetings.hubspot.com/selina-ng
📖 Read More: https://grof.co/sg/blog/corporate-secretarial-services-in-singapore