ThinkSME Blogs

Welcome to our blog postings. We’ll share more information and resources on what your company needs in order to succeed and flourish.

Company Training Committee

Unlock Business & Workforce Transformation with the NTUC Company Training Committee (CTC) Grant

April 11, 2025 No Comments

Unlock Business & Workforce Transformation with the NTUC Company Training Committee (CTC) Grant In a rapidly evolving economy, businesses need to stay competitive and resilient while supporting their employees’ growth and development. The Company Training Committee (CTC) Grant, spearheaded by NTUC’s Employment and Employability Institute (e2i), offers a unique solution

Think SME

Striking Off a Company in Singapore: A Step-by-Step Guide

March 6, 2025 No Comments

Striking Off a Company in Singapore: A Step-by-Step Guide What Does Striking Off a Company Mean? Striking off a company means officially removing it from the Accounting and Corporate Regulatory Authority (ACRA) register. Once approved, the company ceases to exist legally. Eligibility Criteria for Striking Off a Company To apply

XBRL Filing

Understanding XBRL Filing for your Company in Singapore

March 3, 2025 No Comments

Understanding XBRL Filing for your Company in Singapore XBRL (eXtensible Business Reporting Language) is a structured format used for the electronic exchange of financial information. In Singapore, the Accounting and Corporate Regulatory Authority (ACRA) enforces XBRL filing regulations, making it mandatory for most incorporated companies to submit financial statements in

GST for my Company

Do I Need to Register GST for my Company in Singapore?

February 5, 2025 No Comments

Do I Need to Register GST for my Company in Singapore? Goods and Services Tax (GST) is a consumption tax levied on the supply of goods and services in Singapore. Businesses that meet certain criteria are required to register for GST and charge it on their taxable supplies. In this

Accounting and Corporate Regulatory Authority

Is It Mandatory for My Company to File Annual Return?

January 10, 2025 No Comments

Is It Mandatory for My Company to File Annual Return? What Is an Annual Return? An annual return (AR) is a mandatory report filed with the Accounting and Corporate Regulatory Authority (ACRA) . It provides critical information about your company, such as its officers, registered address, and financial details. Filing

Company Secretary

Everything You Need to Know About Annual General Meeting

January 8, 2025 No Comments

Everything You Need to Know About Annual General Meeting 1. Introduction An Annual General Meeting (AGM) serves as a cornerstone of corporate governance, providing a structured platform for shareholders and company executives to discuss the organization’s performance, future strategies, and critical decision-making processes. AGMs are not merely formalities; they are

Think SME

Xero vs. QuickBooks: Which is Better Accounting Software?

January 7, 2025 No Comments

Xero vs. QuickBooks: Which is Better Accounting Software? Xero and QuickBooks are two of the most popular accounting software options for small and medium-sized businesses. Both offer powerful tools to streamline financial management, but which is better for your business? In this detailed comparison, we’ll explore their features, pricing, ease

Best Corporate Account in Singapore

Comprehensive Guide to Open a Corporate Bank Account in Singapore

December 19, 2024 No Comments

Comprehensive Guide to Open a Corporate Bank Account in Singapore Just registered a company in Singapore? The process does not end at company incorporation – in fact, there are several post-incorporation tasks that you also need to check off your list. Opening a bank account is one of the most

What are examples of SMEs?

June 7, 2024 No Comments

What are examples of SMEs?   Small and Medium-Sized Enterprises (SMEs) form the cornerstone of many economies worldwide, playing an essential role in driving innovation, creating jobs, and fuelling economic expansion. But what are examples of SMEs? – Definitions of Small to Midsized Enterprises can differ based on location and

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