Essential Financial Reports Every Business Should Generate
In the dynamic landscape of business, staying informed about your company’s financial health is crucial for making informed decisions and steering the ship towards success. Generating and regularly reviewing key financial reports is an integral part of this process. In this article, we will explore the essential financial reports that every business should generate to […]
Understanding Taxes for Small Business in Singapore
Singapore is known for its robust and business-friendly environment, making it a popular destination for entrepreneurs and small business owners. However, like any other country, small businesses in Singapore are subject to various taxes. Understanding these tax obligations is crucial to ensure compliance and financial stability. Goods and Services Tax (GST) The Goods and Services […]
Navigating Business Permits and Licenses in Singapore
Singapore, a bustling economic hub in Southeast Asia, has long been an attractive destination for entrepreneurs looking to establish and grow their small businesses. However, like any other country, opening a small business in Singapore requires navigating a complex web of permits and licenses. Here at Murdoch Corporate Services, we will guide you through the […]
Trends That Are Driving the Future of Entrepreneurship
Entrepreneurship has long been a driving force of innovation and economic growth. In recent years, however, the landscape of entrepreneurship has evolved significantly, thanks to a multitude of trends that are reshaping the way people start and run their businesses. In this article, we’ll explore some of the most prominent trends that are shaping the […]
The Most Effective Way to Build a Customer Base for Your Small Business
Starting and running a small business can be an exciting and rewarding endeavour, but it comes with its own set of challenges. One of the most critical challenges is building a loyal customer base. A strong customer base is the lifeblood of any small business. It not only provides revenue but also fosters long-term growth […]
The Singapore GST Increase: What Businesses Can Expect in 2024
For businesses operating in Singapore, a significant shift is on the horizon as the Goods and Services Tax (GST) is set to increase from 8% to 9% in 2024. This move by the Singaporean government has been met with a mix of anticipation and concern among businesses. We’ll delve into what this GST change means […]
Unlocking Success: Resources for Starting and Growing Your Small Business in Singapore
Singapore is a thriving hub for entrepreneurship and innovation. With its strategic location, business-friendly policies, and robust support ecosystem, it offers a fertile ground for small business owners to prosper. Whether you’re just starting or looking to expand your small business in Singapore, there are numerous resources at your disposal to help you navigate the […]
Common Bookkeeping Mistakes: Avoiding Financial Pitfallsa
Proper bookkeeping is the backbone of financial success for any business, big or small. Accurate financial records not only help you keep track of your company’s performance but also play a crucial role in making informed decisions and ensuring compliance with tax regulations. Unfortunately, many businesses fall victim to common bookkeeping mistakes that can have […]
How Foreigners Can Set Up a Business in Singapore
Singapore is renowned for its robust economy, strategic location, and business-friendly environment. It’s no wonder that entrepreneurs from around the world are eager to establish their businesses in this thriving Southeast Asian city-state. If you’re a foreigner considering setting up a business in Singapore, you’re in the right place. This is your guide through the […]
5 Essential Tips for Managing Cash Flow in a Small Business
Cash flow management is the lifeblood of any small business. Properly managing your cash flow ensures that you have enough funds to cover your day-to-day operations, pay bills, and invest in growth opportunities. In this article, we’ll explore five essential tips to help small business owners effectively manage their cash flow. Forecast Cash Flow One […]
