Quick Guide: IAS 20 – Accounting for Government Grants
This year, the COVID-19 crisis has adversely impacted the global economy. Singapore is no exemption, with negative effects and losses caused by the crisis and the consequent circuit breaker measures implemented to prevent the virus’ spread. The local government has thus announced various support schemes including several government grants to help Singaporean companies and businesses…
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Paul Wan & Co
Singapore Guide: ISCA FRB 6 – Accounting for Jobs Support Scheme
This year, the COVID-19 pandemic has inevitably adversely impacted the global economy. Singapore companies and businesses were negatively impacted by this health crisis and the consequent circuit breaker measures implemented to prevent the spread of the virus. The Singapore government has thus announced various support schemes in the form of income tax rebate and reliefs…
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Paul Wan & Co
Quick Guide: Tax Deductions for Work-from-Home Expenses
Earlier this month, the Inland Revenue Authority of Singapore (IRAS) has announced individuals may claim certain tax deductions on expenses incurred while performing work duties from home. With circuit breaker rules progressively lifted, and as part of Singapore’s phase one reopening measures, many employees are starting to return to their regular work environments however the…
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Tax Dept
Quick Guide: Singapore’s Enhanced Jobs Support Scheme (JSS)
The Singaporean government launched the Jobs Support Scheme (JSS) in late April as part of circuit-breaker measures outlined in Singapore’s Budget 2020 announcements aimed at containing the economic fallout caused by the COVID-19 pandemic in the country. As the government recognizes the pandemic has taken a toll on the country’s revenue generation capacity, the JSS…
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Tax Dept
PWCO Appointed as New External Auditors for Tricklestar Pte. Ltd.
Paul Wan & Co is proud to announce Tricklestar Limited, a company listed in the Singapore Stock Exchange, has appointed our firm as the External Auditors at their Annual General Meeting held recently. Incorporated in Singapore on 31 October 2018, TrickleStar Limited designs and supplies affordable, simple and easy-to-use energy-saving products to help consumers reduce…
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