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Company director fined record S$113,400 for failing to hold AGMs, file annual returns

If you are a director of a company and are unsure how to go about fulfillng your statutory obligations, contact us now and we at Value Accounting will be glad to guide you along.  Don’t hesitate. call us today! Company director fined record S$113,400 for failing to hold AGMs, file annual returns A COMPANY director …

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Value Accounting provides Proper Business advice

ST: Vital to get proper advice from accountants Dr Desmond Wai suggested that appropriate action ought to be taken against accountants who provide improper advice to medical practices leading to a prosecution in court or a fine by the Inland Revenue Authority of Singapore (Iras) (Most doctors act on advice of consultants and accountants; Oct …

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Iras recovers Millions from high-earning tax avoiders – doctors, lawyers, property agents

The Singapore tax authorities, Iras, is clawing back millions of dollars in back taxes from high earners such as doctors, property agents and lawyers who avoided paying their proper dues. Still only in their preliminary enforecement, already 10 million has been recovered from them including taxes that they should have paid in the four previous …

Iras recovers Millions from high-earning tax avoiders – doctors, lawyers, property agents Read More »

Tax Evasion! Penalties can be lowered if doctors own up

Highlighting high-earning medical professionals who might be guilty of tax evasion, the Inland Revenue Authority of Singapore (Iras) has urged doctors to own up voluntarily with the promise of lower penalties. The Singapore Medical Association (SMA) met members of the SMA last month and published an article, Useful Tax Pointers for Medical Practitioners, in their newsletter. …

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