Category Archives: Home & Business Services

Reasons that make Singapore one of the top countries for education

The island country of Singapore has become of the most amazing countries in the world map. Even when it comes to education there are many people in the world who will prefer to send their children to this country rather than sending them to other countries like the US and the UK. Here is what makes Singapore one of the best places where your child can study.

One of the best education systems:

According to several international surveys and reports, it has been found that Singapore has one of the best education systems in the world. Naturally, you will want your child to study in a country where they are bound to get a good quality education which will develop them into good human beings. This country is found to be one of the global leaders in education quality.

One of the best countries where your child can grow:

Singapore also happens to be a country where your children can have a quality childhood. The rate of violence is low and children here lead a comfortable life. It is a completely safe country where school going children are safe.

Best facilities:

The country is very clean and beautiful. It has a very good infrastructure. Commuting is also very easy in this country as it has a good network of public transport. This place has plenty of malls and good entertainment options for children. Food is also not a problem here as there are a number of good restaurants that serve different cuisines.

Better prospects in the future:

Children who complete their education from Singapore are found to have better career prospects in the future. So naturally, parents who want their children to excel in the future prefer to send them to Singapore for education.

But the problem of accommodation can be a big one!

One of the reasons that parents are sceptical about sending their children alone to a foreign country is accommodation. It is natural for the parents to worry about how and where their child will stay. But if you have decided to send your child to Singapore then you do not have to worry. There are some good options that you can explore.

Homestay option is the best option!

homestay-tp-600x450It is always better to select a homestay option for your child. In Singapore, there are many areas that have homestays. These are homes away from home for children. One of the best areas is the Tampines. Best Tampines Homestay is an option that every parent who wants to send their child to Singapore must explore. You will find that the homestays in this area are very good and have all the modern facilities. Also, this area has good connectivity and there are good entertainment options in the nearby areas.

If you want to give your child the best international education then send him to a renowned school in Singapore. As for lodging and boarding, you can take into account the homestay option in Tampines area.

 

Importance of bookkeeping to run a business in Singapore

Singapore is the most chosen business destination across the globe. To run a business successfully the owners need to do proper management of its business aspects. Such as Bookkeeping; this includes the recording of important transactions of business effectively. This provides a better insight into the financial needs of the business.

Bookkeeping Singapore is an important process due to increased and evolving business needs; a bookkeeper must know certain rules according to the Singapore Financial Reporting Standards. A better understanding of the Singapore tax is essential for the bookkeeper for better company registration in Singapore.  Initially, it was considered a complex process, and now people are highly educated and informational, they know well about this systematic approach.

Keeping records of every essential transaction was done by the Professional bookkeeper.

Knowledge about SFRS and IRAS

Knowledge of SFRS and IRAS is important in Singapore. If you are applying about the straight-lines depreciation methods or other accelerated depreciation methods with the particular statement of accounting and tax. Other items such as valuation of inventory and tax or the valuation of real estate. SFRS is a different version of IFRS which is international financial reporting standards. Hence having proper knowledge about SFRS, will empower the strength of bookkeepers to work peacefully ,with other regions of IFRS.

Knowledge about the audit process

Bookkeepers must know the fundamentals of the auditing process in Singapore. For instance, companies that have annual revenue less than $5million and 20 shareholders or less than that, are spared from the auditing services. All companies who are exempted from the auditing have to submit the reports of financial statements. These reports and statements are maintained by the bookkeeper.

Sometimes finance managers find it difficult to explain the inconsistencies between the recorded and actual expanses. Thus the financial manager of the bookkeeper of the company must work with the systematic approach. However, the bookkeeper has to maintain the clear records according to the SFRS and somehow if it is not possible by the bookkeeper then taking action according to the guidelines of SFRS can be more beneficial.

The key is to record everything.

For example, a small expense of the lunch of the client is also important and it is important to keep a record of all these activities. Instead of dropping them, it is good to keep them in the record books of accounts. By moving ahead with this small-small decision, a bookkeeper can perform the well accurate and accounting management of the accounts.

Know where to place every item in the books

Another important aspect that a bookkeeper should note is to have exact knowledge about the profits in the books according to the specification of SFRS and IRAS. Usually, the same items are treated differently for unique purposes. For example; for the taxation and accounting process the marketing manager can treats both profits differently. Business owners can claim the expenses provoked on the different accounting expanses.

Top Seven Reasons Behind Failure Of Mergers And Acquisitions

Sometimes, in spite of best efforts, mergers and acquisitions fail miserably and entrepreneurs start wondering what they did wrong to have such an experience. Experts like Ryan Binkley Generational Equity acknowledge that indeed unknowingly some entrepreneurs make grave mistakes. With their years of experience as the General Manager of the firm, Ryan Binkley has built a considerable reputation for his capabilities in successful mergers and acquisitions of businesses of any size.

So, let us have a look at the top seven reasons behind the failure of mergers and acquisitions.

Ignorance

Entrepreneurs chose to ignore the importance of proper business documentation. They wait until the actual date of merger or acquisition and then wait for clearance from authorities. This sets a bad impression on the other party and irks the same.

Lack of vision

If there is no vision of how things will work post a successful merger or acquisition, there is a lot of stress to figure out things at the last moment. If any of the parties arrive at this conclusion that the lack of vision is because there is no possibility of any convergence of the business operations of both the businesses, things fall out of place.

No team formation

It is important to set up a team of the best players of either business as a part of an integration team, which will form after a merger or acquisition. If there is a lack of such players, one should consider hiring for the same or to fill the positions that are vacant in the business to have an efficient team to conduct day-to-day business operations.

Poor governance

In some businesses, there is no clarity about who is the decision maker. It is vital to address all these issues in advance because, in a merger, it is important to have such clarity to ensure quick decision-making and its execution.

Poor communication

There should be clear communication with the employees as only this is the best course of action to avoid any mass resignation due to unnecessary rumors of fear of losing job after a merger or acquisition. It is good to convey that whether they will get affected in any way with the process or not.

Delay in decision-making

Sometimes any delay in taking tough decisions also disappoints the other party as when two organizations or businesses are merging, decisions should be timely. Many may feel, there is a delay because of no clarity among the top decision makers, and the merger is not worthy. Such people will soon leave the business citing any suitable reason.

Weak leadership

Mergers require a strong leader who can ensure that a business will sail smoothly during the entire process. In the case of a weak leadership, there is a lack of trust factor, enthusiasm, and clarity among the key team members. Utter confusion prevails, and the merger or acquisition fails miserably.

In short, there are many reasons that are completely avoidable to avoid a failure. It is best to get in touch with experts like Ryan Binkley Generational Equity to have a high success rate in such business process.