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Welcome To Our Latest Newsletter


Dear Valued Clients,

   Welcome to our E-Newsletter January 2017

   Happy new year to you all. I hope that 2017 will be a fabulous year full of great achievements and experiences for all of you. Now that we’re into the new year, it’s good to a quick look back before we plan ahead.

   2016 was an eventful year for us at 3E Accounting Singapore. We have been through many developments and we are proud to say that with the continuous support that we received from all of you, we have achieved quite a huge amount. On 22nd February 2016, 3E Accounting received the OCBC Valued Partner Award for the continuous support and partnership 2015/2016 with OCBC Bank. A month later, 3E Accounting Pte. Ltd. was recognized by Singapore Brand as a Top Player Firm in Singapore.

   On 21 April 2016, 3E Accounting Pte. Ltd., being one of the TAFEP Exemplary Employer Award 2016 winner, was invited to talk about fair, responsible and progressive employment practices, live on Capital 95.8FM. What’s more, On 28 November 2016, we are honoured to have the Senior Minister of State, Mrs Josephine Teo, visited our headquarter office in Singapore. During the visit, Mrs Teo got to know the good employment practices that we adopted in 3E Accounting and the technology we used to enhance work productivity.

   While there is much work to do and there may be further challenges ahead, we end 2016 stronger and better able to serve customers and clients.

   This year alone, we have successfully expanded our 3E International network into 29 countries. We have a big agenda for the future. We aim to expand our global network into 50 countries by 2018 with Europe as our main focus. We have in recent weeks completed our partnership agreement with two more members, one from Germany and the other one from Ireland. We wish to take this opportunity to extend a warm welcome to both our partners, Kanzlei Dr. Oehler of Germany and RM & CO. of Ireland.

   Simply put: We aim to do our best for our valued clients with our steadfast missions: Efficiency, Effectiveness and Economy.

   As a responsible company, 3E Accounting has the greatest respect for its employees, customers, community and environment, and that has led us to contribute and focus more on Corporate Social Responsibility (CSR). From the Beach Clean-up Initiative to SAF Care Fund, we are trying to do more and play our part in corporate social responsibility.

   The past few years have had a significant impact on all of us, but I would like to thank you all for your significant and continuous support especially during challenging times. The year ahead will bring its own challenges but I’m sure by working together, keeping focused on our priorities and putting our customers first we can realise our ambitions. These will certainly continue to be my priorities and I am convinced that I can count on you to do the same.

Thank you.

Lawrence Chai
Lawrence Chai
Managing Director



Latest News

  Government Accepts Recommendations to Enhance the Progressive Wage Model for Cleaning Sector
Government Accepts Recommendations to Enhance the Progressive Wage Model for Cleaning Sector The Government has considered and accepted the recommendations contained in the report of the Tripartite Cluster for Cleaners (TCC) dated December 2016 on the enhancements to the Progressive Wage Model (PWM) for the cleaning sector, which was released today. The PWM enhancements will… Read More


 
  Financial Reporting Practice Guidance No. 1 of 2016 – Areas of Review Focus for FY2016 Financial Statements
Financial Reporting Practice Guidance No. 1 of 2016 – Areas of Review Focus for FY2016 Financial Statements ACRA issues Financial Reporting Practice Guidance No. 1 of 2016 on 8 December 2016. In 2016, weak market sentiments and continued slow-growth in the global environment have affected many Singapore companies. This Practice Guidance highlights seven financial reporting… Read More


 
  Wage Credit Scheme Payouts for 2017
Wage Credit Scheme Payouts for 2017 Employers are reminded to make CPF contributions for employees by 16 Jan 2017 to receive Wage Credit Scheme payouts Employers of eligible Singaporean employees are reminded to make the full CPF contributions for these employees by 16 January 2017 in order to receive the fourth tranche of Wage Credit… Read More


 
  Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017)
Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017) ACRA had previously informed the Companies that following legislative changes in the Companies (Amendment) Act 2014, private companies are required to update shareholder information to facilitate ACRA’s maintenance of electronic Registers of Members… Read More


 
  Mandatory retrenchment notifications from 1 January 2017
Mandatory retrenchment notifications from 1 January 2017 A new requirement on mandatory retrenchment notifications will take effect from 1 January 2017. The tripartite partners have issued an advisory to guide employers on complying with this requirement. Under the Workforce Singapore Agency Act, employers will need to notify the Ministry of Manpower (MOM) of retrenchments within… Read More


 
  Singapore-Laos Avoidance of Double Taxation Agreement Enter Into Force
Singapore-Laos Avoidance of Double Taxation Agreement Enter Into Force The new Singapore-Laos People’s Democratic Republic Avoidance of Double Taxation Agreement (DTA) entered into force on 11 November 2016. The DTA provides clarity on tax matters and eliminates double taxation relating to cross-border transactions between the two countries. The full text of the DTA is available… Read More


 
  Transfer Pricing Administration
Transfer Pricing Administration From Year of Assessment (YA) 2018, taxpayers must report certain details of related party transactions (RPT) if the value of RPT in the audited accounts for the financial year exceeds $15,000,000. The Form for Reporting Related Party Transactions should be submitted together with the submission of Form C. The RPT data will… Read More


 
  Conditions of Employment 2016
Conditions of Employment 2016 Greater adoption of work-life initiatives by employers More employers are providing ad-hoc flexible work arrangements and leave benefits to help employees cope with personal and family commitments.  Firms that implement work-life initiatives tend to have lower employee turnover. These are the key findings from the “Conditions of Employment 2016” report released… Read More
 

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Notice of Holiday

New Year & Chinese New Year

Our office will be closed on 2 January 2017 for New Year Public Holiday Replacement and 27 January to 1 February 2017 for Chinese New Year.

We will be operating on 3 January 2017 (Tue) and 2 February 2017 (Thur) onwards, respectively.

Dear Clients,

Our directors and staffs will
have no access to the email during these period and all
email will be attended to once we are back to the office on the next working day. We apologize for any inconvenience caused.

About 3E Accounting


Why switch to 3E Accounting

3E Accounting is a leading international accounting firm that provides truly one-stop solutions for businesses, committed in helping businesses in the areas of Company incorporation, nominee director, LLP setup, immigration, work pass application, stamp seal maker, accounting, tax, GST, secretarial, human resource, cloud based accounting software support, business advisory, and virtual office services.

Currently, our network group has presence in 27 countries globally, with a total combined staff strength of more than 600 staffs and 38 offices across Asia, North and South America, Africa, Oceania and Europe. We are not just to support you locally in Singapore, but to support you for your business expansion in overseas as well when you are ready.

Find out more: Why switch your service provider to 3E Accounting
Resources
Company Compliance
For more information about Company Compliance, Please click here. (i.e. GST registration and CPF contribution and other requirements).

Hiring Staff in Singapore
For Guide to Hiring Staff in Singapore, please click here.

Corporate Income Tax Submission Deadline
Kindly remind that the deadline for submission of your Company's Form C / Form C-S for the Year of Assessment 2015 is on 30 November 2016.

Productivity and Innovation Credit (PIC)
Under the Productivity and Innovation Credit (PIC) scheme, your business can enjoy: - 400% tax deductions/ allowances and/ or - 60% cash payout For more information, please see PIC Bonus in Singapore

GST Registration Obligation
All Singapore companies must register for GST if their annual taxable revenue is more than S$1 million, or if their current taxable income and annual taxable revenue is expected to be more than S$1 million. The business must register for GST within thirty days from the time it is deemed liable.

Withholding Tax Obligation
Under the law, when a person or a company makes payment(s) of a specified nature (for example, Royalty, Interest, Technical Service Fee, etc) to a non-resident company or individual, he/she is required to withhold a percentage of that payment and pay the amount withheld to IRAS. The amount withheld is called Withholding tax. Kindly be reminded that it is our Company's policy that you must engage our withholding tax reporting services if you are engaging our nominee director services.

Tax Planning
Looking for tax savings method for Personal and Company, please refer to:
Click here for more Resources

Awards and Milestones


 
3E Accounting
3E Accounting Pte Ltd
51 Goldhill Plaza #07-10/11
Singapore 308900
+65 6690 9262
info@3ecpa.com.sg
www.3ecpa.com.sg
 
 
 
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Our email address is:
info@3ecpa.com.sg

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