News & Events by CoSeClinic

5 Benefits of Outsourcing Accounting Services in Singapore

5 Benefits of Outsourcing Accounting Services in Singapore Learn about the benefits of outsourcing accounting services in Singapore. It’s cost-effective, convenient, and helps you focus more on the growth of your business. Accounting is a significant aspect of running and managing a company in Singapore. It helps in evaluating the financial health of your business

Advantages of Hiring Company Secretarial Services in Singapore

Advantages of Hiring Company Secretarial Services in Singapore The company secretary plays a vital role in the incorporation, legal compliance, and administration of the company. Learn the advantages of hiring company secretarial services in Singapore in brief. Right from incorporation, administration to good governance, a company secretary plays a significant role in the progress and

CoSeClinic Group of Companies Awarded the Luminary Award

CoSeClinic Group of Companies Awarded the Luminary Award CoSeClinic Group of Companies is honoured to receive the Luminary Award (企业邻里之星卓越企业奖) of the Singapore Heartland Enterprise Star Award 2018 during the award presentation ceremony cum dinner. CoSeClinic Group of companies specialize in providing one-stop business solutions. The group consists of CoSeClinic Services Pte. Ltd., CoSeClinic (North)

Extension of filing and payment due date for GST returns

Extension of filing and payment due date for GST returns The filing and payment due date for GST returns due in May 2020 is extended to 11 Jun 2020. For example, returns for the period 1 Feb 2020 to 30 Apr 2020, which were previously due on 31 May 2020, are now due on 11

e-Invoicing Registration Grant by IMDA

e-Invoicing Registration Grant by IMDA IMDA has launched a new grant called “e-Invoicing Registration Grant” to assist business to enable e-invoicing features on their existing or new solutions, allowing their finance staff to work remotely and create a network effect so all participating businesses can benefit from improved efficiency and reduced cost and be paid

Roles and Responsibilities of Company Secretary in Singapore

Roles and Responsibilities of Company Secretary in Singapore A company secretary plays an essential role in the incorporation and operation of a company in Singapore. Read on to know more about the roles and responsibilities of the secretary position. According to ACRA, it is mandatory for every company to appoint a company secretary within six

The Local’s Guide on Incorporating a Private Limited Company in Singapore.

The Local’s Guide on Incorporating a Private Limited Company in Singapore. If you’re planning to register a business or you need to form a private limited company in Singapore. This guide will help you in the process and explain about company incorporation in brief. Forming a private limited company is a brilliant way to establish

Eligible for Which SME Grants?

Eligible for Which SME Grants? How can a government grant make my business grow? Government certified grant specialist CoSeClinic helps SME’s apply for grants applicable and answer all the queries. If you have any questions, please feel free to contact us at 62701163 or email to enquiry@coseclinic.com. Thank you. Find out what CoseClinic Group of

A Better Cash Flow Makes The Business Grow!

A Better Cash Flow Makes The Business Grow! 82% of new businesses fail because of poor management of cash flow! Be a part of the 18% that survive! CoSeClinic with over 25 years of experience and over 500 satisfied clients provides expert Cash Flow Management Consultancy for growing businesses and startups too. If you have

Accounting implications arising from COVID-19 for entities with 31 December 2019 financial reporting date

Accounting implications arising from COVID-19 for entities with 31 December 2019 financial reporting date Should you treat accounting implication due to Covid-19 as adjusting events or non-adjusting events? ISCA has published a bulletin to address this issue. Please check here for more information. If you have any questions, please feel free to contact us at

Everything You Need To Know About Company Incorporation in Singapore.

Everything You Need To Know About Company Incorporation in Singapore. Planning to start your business in Singapore? Read this guide to know about the company incorporation Singapore. Robust financial economy, good tax benefits, connected marketplace, and effective business environment are some of the reasons why entrepreneurs prefer beginning a business in Singapore. To legally achieve

GST: Guide on Exemption of Investment Precious Metals (IPM)

GST: Guide on Exemption of Investment Precious Metals (IPM) With the current economic downturn, many people are talking about investing in precious metal like gold, silver and platinum. IRAS has just issued a new tax guide on GST exemption on Investment Precious Metals (IPM) on 29 Apr 2020. Click here to view detailed information. Find

Tax Guidance on Digital Token

e-Tax Guides With the widespread use of digital token, IRAS has come up with e-tax guide on how to treat income tax on the digital tokens. You may refer to the link below to understand more on what is taxable and deductible and how to calculate the value of them. You may search for the

File GST returns for period ending Mar 2020 by 11 May 2020

The filing and payment due date for GST returns due in Apr 2020 had been extended to 11 May 2020.  For example, the 1 Jan 2020 to 31 Mar 2020 return previously due on 30 Apr 2020 is now due on 11 May 2020 instead. Although circuit breaker measures have been extended to 1 Jun

SGX RegCo grants auto-extension for release of unaudited financial results for FYs ended Feb, Mar and April 2020

Singapore Exchange Regulation (SGX RegCo), in consultation with the Monetary Authority of Singapore (MAS), will grant an automatic 2-month extension to issuers with financial year-ends (FY-end) of 29 Feb 2020 or 31 March 2020 ; and a 1-month extension to issuers with a 30 April 2020 FY-end, to release their full year unaudited results (Waiver)[1].

Computation Details for Temporary Enhancement to Jobs Support Scheme (JSS) for May 2020

As part of the Government’s efforts to save jobs and support wages with timely disbursement, the additional JSS subsidy (75% across all sectors in May) will be computed using November 2019 wages as a proxy. Actual subsidy will be determined later based on the wages paid in May 2020, as reflected in blue/bolded below. This

Additional Support for Circuit Breaker Period

Additional Support for Circuit Breaker Period Good news! Despite the Circuit Breaker period extended till 1 Jun 2020, our government has announced additional support measures during this period and can be easily understood from the picture below.

Navigating loan obligations amidst the Singapore Covid-19 (Temporary Measures) Ac 2020

Navigating loan obligations amidst the Singapore Covid-19 (Temporary Measures) Ac 2020 In a bid to support businesses impacted by the COVID-19 pandemic, the Singapore Parliament has enacted the COVID-19 (Temporary Measures) Act 2020 (the "Act"), while the Monetary Authority of Singapore ("MAS") has set out certain support measures. It is crucial for companies and businesses

ACRA’s Support Measures and Guidance for Businesses during COVID-19

ACRA’s Support Measures and Guidance for Businesses during COVID-19 ACRA published updated guidelines for holding of virtual AGM during Covid-19 period. On 13 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (Order) was issued. The Order prescribes the alternative

Support Go Where

Support Go Where GovTech Singapore and MSF has launched a website with all financial assistance to help us get by during Covid-19 period. What supports can you find here? Here are several examples: Click on the link below for more info. https://www.supportgowhere.gov.sg/ Find out more also on what CoseClinic Group of Companies can do for

SGX RegCo grants automatic 60-day extension for issuers to hold AGMs

SGX RegCo grants automatic 60-day extension for issuers to hold AGMs Singapore Exchange Regulation (SGX RegCo), in consultation with the Accounting and Corporate Regulatory Authority (ACRA) and the Monetary Authority of Singapore (MAS), will automatically extend by 60 days the deadline for all issuers with financial year-end (FY-end) on or before 31 March 2020 to

ISCA’s COVID-19 NAVIGATOR – A Guide for Singapore Chartered Accountants

ISCA’s COVID-19 NAVIGATOR – A Guide for Singapore Chartered Accountants To address the various challenges faced by you and your organisation, Institute of Singapore Chartered Accountants (ISCA) has put together a comprehensive COVID-19 Navigator which summarises the relevant schemes announced through the Government’s Support Packages, industry transformation, development programmes as well as ISCA’s initiatives. This

Fraud case relating to evasion of Income Tax and GST

Fraud case relating to evasion of Income Tax and GST Sole-proprietor sentenced to 6 months’ jail and $996,236 in penalties for Income Tax and GST evasions Eddie Choy Hon Cheong ("Choy"), the 59-year-old sole proprietor of Cubitt Engineering ("CE"), a business that manufactures oil and gas equipment, was sentenced to a total of 6 months’