Contracts for Startups — Ying from Via Law shares her experience

Reading Time: 4 minutesThis week, Wang Yingyu from Taylor Vinters Via shares her experience on the value of good business contracts and offers several tips.  Our Word is Our Bond Our word is our bond, but the other party may have a different recollection of what our word is. A contract may be entered into verbally. However, verbal […]

[INFOGRAPHIC] The importance of mobile and engaging content for Singapore SMEs

Reading Time: 1 minutesInsights from a Google survey in Singapore highlight how small and medium businesses (SMBs / SMEs) have to adapt with rapidly changing trends as Singaporeans continue to move into mobile and demand more engaging and mobile-optimized (or at least, mobile-friendly) content. While some businesses do exist entirely in the online space, it is a competitive […]

What Makes a Valid Contract?

Reading Time: 6 minutesThe Important of the Contract The proper performance of contracts is key to the economic functioning of our society. All contracts have to come to a close or, in legal terms, be “discharged.” If one or both of the parties to a contract fail to live up to their end of the bargain, the courts […]

What is Corporate Insolvency and how does it affect you?

Reading Time: 3 minutesCorporate Insolvency: What it is and Options Having garnered attention given the recent liquidation application of Singapore listed company Swiber Holdings, the term “corporate insolvency” is a term that most have heard before but know little about or what it means for the people associated with it. Corporate insolvency is a state where a particular […]

Offshore, OK

Reading Time: 3 minutes  This article comes courtesy of Savoir LLC. For the discerning client who values discretion and discernment, Savoir LLC is the single point for all your needs. They are a bespoke law practice specialising in solutions, strategy and structures for business leaders, entrepreneurs, families and start-ups. Their services converge with only one objective – You.   Offshore, […]

Share buybacks – secret weapon?

Reading Time: 5 minutes  This article comes courtesy of Shook Lin & Bok LLP. One of the leading and full-service commercial law firms in Singapore with a strong Asian presence and global reach. They have close to a century of rich legal heritage with a number of partners who are eminent lawyers in their respective areas of expertise. […]

Qualities That Make a Great Accountant

Reading Time: 3 minutesA good accountant might be excellent at crunching numbers but a great accountant has far wider range of skills. Of course, you want a person who will manage books, accounts, payroll and taxes efficiently but, when hiring a financial and business partner for your company, you also want someone that you can trust completely, can […]

A Primer on Double-entry Bookkeeping

Reading Time: 3 minutesThe idea of double-entry bookkeeping sounds confusing, doesn’t it? Many people are confused by the concept of double-entry accounting systems though it is one of the most standard of accounting practices. You might think that the easiest way of keeping track of your accounts is to simply make a single recording of every transaction made […]

How to Read a Financial Statement

Reading Time: 3 minutesWhether you are an investor, employee, board member or owner of your own SME, knowing how to read a financial statement is a skill you will need to call upon if you want to make informed decisions regarding spending, investing and more. Sure, you might rather leave the interpretation of financial documents to your accountant […]

Fraud Auditing, Investigation and Forensic Accounting

Reading Time: 4 minutesAnyone who has read the autobiography of Frank Abagnale, “Catch Me if You Can” (also adapted into a film starring Leonardo DiCaprio and Tom Hanks) would be surprised by the ease conmen find weaknesses in controlled processes. By the tender age of 21, Frank Abagnale had already defrauded banks of 2.5 million via bad cheques […]

Accountants and Early-stage Startups

Reading Time: 4 minutesIt is common for early-stage startups to put off hiring an accountant, either because they think they don’t need one or because they think they can’t afford one. In some cases, the idea of retaining an accountant is not even on the radar of early-stage founders yet. While it might seem too soon to some, […]