Personal Income Tax

Feb 10

Personal Income Tax

Important timeline to remember for personal income tax filing 2017 FAQs on Singapore Personal Income Tax What is the responsibility of the employing company regarding personal taxes? It is the responsibility of the Employing company to give every employee a Statement of Annual Employment Income for 2016. Companies with 10 or more employees in Singapore, have to...

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Elegant petty cash set up for Singapore SMEs

Jan 18

Elegant petty cash set up for Singapore SMEs

Handling cash for our office is an unavoidable part of my job. While we prefer using bank transfers or PayPal wherever possible, there are vendors who simply only accept cash. So we have created a simple way to manage our petty cash, and I thought of sharing it for startups and SMEs in Singapore. The Setup A...

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65% of companies that failed say this one step would have made all the difference

Dec 08

65% of companies that failed say this one step would have made all the  difference

One of the biggest difficulties Singapore startups and SMEs face is keeping their accounts organised from day one. At Futurebooks, we have dealt with several companies that needed an accounting cleanup with the company’s financial year end fast approaching. This often happens in a growing small business when the main focus of most founders is to generate...

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Accounting for bitcoin and other blockchain trading businesses in Singapore

Oct 27

Accounting for bitcoin and other blockchain trading businesses in  Singapore

Why use bitcoin and other cryptocurrencies? Bitcoin and other blockchain-based currencies are gaining traction in various markets, including Singapore, with large companies such as IBM looking to open a Blockchain Innovation Center in the country. There are a couple of factors why the blockchain-based currency is getting traction as an alternative to cash when doing business, with...

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Our journey to becoming Xero Most Valued Partner Asia

Oct 06

Our journey to becoming Xero Most Valued Partner Asia

Being the first recipient of Xero’s Most Valued Partner Asia Award at Xerocon South 2016, held in Brisbane, is the culmination of Futurebooks’ Xero journey and a kick-start for online accounting in Asia. Six years ago, two team members at Futurebooks got certified on Xero, and we decided to include Xero in our cloud accounting software offering....

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