Came across this interesting article on how one's credit score could basically make or kill you in China. Would this go on to become a global phenomenon?
Can be quite scary, if you think about it.
Wishing all our clients and friends a very Happy and Wonderful New Year Ahead!
Tax Treatment of Virtual Currencies in Singapore
While somewhat more forward thinking than accounting standard setters, IRAS has already come up with a circular on how virtual currencies will be taxed in Singapore.
Read more about it here.
As we ponder over how proceeds from an ICO should be accounted for, we know now that if it is treated as revenue, there's a possibility it will be taxed at the virtual currency exchange rate. No big surprises there .
With Bitcoin's exponential rise in market value, everybody including your cleaning auntie is asking how to put money in it. Of course, bitcoin isn't the only cryptocurrency around and you might be considering the other alternatives out there.
These questions, extracted from the US SEC's public statement, will help guide you into making a sound investment decision:
Introducing our cloud accounting packages featuring the best cloud accounting software in the market.
For as little as S$129 per month, you can now spend less time on receipts and invoices – and more time on making your business a success. For more details, check out our packages here.