Raffles Corporate Services

Many new businesses in Singapore don't fail because the idea was weak — they fail because owners never worked out how much revenue they need to survive. Break-even analysis answers that question and highlights costs founders often forget: employer CPF, GST treatment, rent and a realistic founder salary. Translate monthly targets into daily covers or orders, set a margin of safety and re-run quarterly to avoid cash surprises. Read the full guide to calculate a realistic break-even for your company and protect your runway. Find out what this means for your business: https://rafflescorporateservices.com/break-even-analysis-new-businesses-singapore/ 🔍

Many directors don’t realise how a simple monthly forecast can prevent a cash crunch when CPF, supplier invoices and GST fall in the same week. Budgeting and forecasting need not mean expensive software or a finance team—start with a clean trial balance, a compliance calendar, and monthly cash forecasts based on collection dates. This guide sets out a one‑afternoon setup and an hour‑a‑month routine plus the Singapore risks to watch (ECI, GST prospective test, directors’ duties). Read the full guide: https://rafflescorporateservices.com/budgeting-forecasting-small-business-singapore/

Many growing Singapore SMEs look profitable — yet run out of cash because receipts arrive late. Is your growth hiding a funding gap?

A practical, week‑by‑week method (start from the bank balance, build a 13‑week rolling forecast, ring‑fence GST/tax and set a minimum buffer) keeps payroll, CPF and IRAS deadlines from becoming painful surprises. Directors should document going‑concern views to reduce personal risk.

Read the full guide: https://rafflescorporateservices.com/cash-flow-management-growing-smes-singapore/

Many SMEs only see a bank when cash is already tight — and discover their accounts aren’t ready. Lenders lend against verifiable records, not ideas.

Start at least three months before applying: reconcile bank accounts, update ACRA/IRAS filings, assemble 2–3 years of financial statements, recent bank statements, aged receivables, and a cash‑flow forecast with downside scenarios. Clean up director loans and personal expenses, and prepare short explanations for unusual items.

Read the full guide: https://rafflescorporateservices.com/preparing-company-for-financing-singapore/ 📌

Many directors don’t realise an accounting provision under SFRS(I) 9 is not automatically an IRAS tax deduction — and that mismatch can trigger queries and unexpected tax adjustments.

Ensure receivables are defensible: age invoices by due date, document debtor‑specific evidence, separate modelled provisions from specific doubtful debts, and test write‑offs for GST bad debt relief.

Our corporate secretarial team prepares schedules, directors’ approvals and tax computation support so deductions are supported and cash is recovered where available.

Read the full guide: https://rafflescorporateservices.com/provisioning-bad-debts-writing-off-receivables-singapore/

Many directors don't realise that small purchases—like a laptop or delivery van—can create audit, tax and valuation headaches if not recorded correctly. 📌

Accounting depreciation and IRAS capital allowances follow different rules in Singapore. Without a documented capitalisation policy and a fixed-asset register you risk tax mismatches, phantom assets and painful adjustments at due diligence.

Find out what this means for your business. Read the full guide: https://rafflescorporateservices.com/accounting-fixed-assets-depreciation-singapore/

Money in the bank isn’t automatically income — and that timing mismatch trips up many Singapore SMEs at year end. Deferred revenue (paid before delivery) is a liability; prepayments are assets. Follow a simple month‑end routine to flag contracts, apportion service periods and reconcile GST vs revenue so profit, tax and GST filings all align.

Avoid common mistakes like recognising refundable deposits as income or letting deferrals accumulate unnoticed. Read the full guide: https://rafflescorporateservices.com/deferred-revenue-and-prepayments-singapore/

New game, new rules.

We are no longer just navigating a VUCA world-we’ve entered the BANI era (Brittle, Anxious, Non-linear, Incomprehensible).

Inspiring morning at the ACRA and SID launch of the Company Director Fundamentals. As the global landscape shifts, elevating director competence and mastering fiduciary duties has never been more critical. Special thanks to Teochew Poit IP Huay Kuan