Posts Tagged ‘Businesses’
Singapore Cleans Up Image to Attract Bonafide Businesses: Singapore Company Incorporation
Singapore (PRWEB) May 06, 2014
According to a Sydney Morning Herald report published this week, Australian companies have sent almost $ 40 billion in 2012 to Singapore, raising questions of which funds are legitimate. Ahead of this report, and in a bid to clear any doubt, the Southeast Asian nation has been taking proactive measures since last year to weed out money laundering and wilful tax evading activities. This continued effort will help the country to clean its image and attract genuine businesses from across the globe, says SingaporeCompanyIncorporation.sg, a leading Singapore incorporation portal.
BONA FIDE INVESTMENTS WANT TO COME TO SINGAPORE
Singapore attracts investments from all corners of the world, due to the absence of taxation on dividends, business-friendly regulations, vibrant financial market, free enterprise economy, political stability and state-of-the-art infrastructure. According to Trading Economics, the cost of borrowing is last recorded at 0.21, coupled with a strong and appreciating currency attracts foreign funds in search of higher returns.
In return, the Singapore government welcomes foreign investment that contributes to the economic growth of the country, particularly in value-added, skills and technology-based sectors. To encourage such investments, the government offers a wide range of incentives including accelerated depreciation benefits, favourable loan proposals and high-quality industrial estates.
MEASURES TO PROMOTE CLEAN IMAGE
In a bid to step up efforts on cleaning the image of Singapore as a conduit for money laundering activities, the Monetary Authority of Singapore (MAS), last year, announced a slew of reforms to combat cross-border tax evasion activities. According to MAS, Singapore intends four key measures to strengthen its Exchange of Information (EOI) framework, which include:
Extending EOI assistance in accordance with the internationally agreed standard (for tax purposes) to all the existing tax agreement partners of Singapore.
Signing the Convention on Mutual Administrative Assistance in tax matters. There are currently 45 signatories to the Convention that serves as an international agreement for bilateral tax co-operation.
Allowing the Inland Revenue Authority of Singapore (IRAS) to obtain bank and trust information from financial institutions without having to seek a Court order, which will further streamline the administration of EOI.
Concluding with US an inter-governmental agreement (IGA) that will facilitate financial institutions in Singapore to comply with the Foreign Account Tax Compliance Act (FATCA).
FATCA is a US law which requires all financial institutions outside of the US to share information about financial accounts held by US persons to the US Inland Revenue Service (US IRS) on a regular basis. The agreement was concluded in July last year with far-reaching implications. Per the FATCA rules, banks in Singapore will have to share the information on financial assets of American citizens in the country, with the U.S. authorities.
ATTRACT MORE BONAFIDE COMPANIES
Singapore’s ambition to promote a clean image across the globe will have a positive impact on its image. It will attract bona fide businesses for carrying out legitimate business activities and put brakes on money laundering intentions.
Commenting further, Ms. Cheryl Lee, Operations Manager at SingaporeCompanyIncorporation.sg said, “The measures will ensure that Singapore’s financial system is not used to harbor ill-gotten funds or as a medium for the flow of undeclared assets. Such regulations will restore the image of the island nation as a nerve center for growth and innovation.”
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About SingaporeCompanyIncorporation.sg
SingaporeCompanyIncorporation.sg is a portal for entrepreneurs and professionals who want to have a presence in Singapore. It is also a provider of company incorporation as well as the related taxation and relocation services in Singapore.
80 Playfair Road
Singapore 367998
65 6850 5280
info@singaporecompanyincorporation.sg
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Related Foreign Exchange Press Releases
Zane Benefits Publishes New Information on Small Businesses Giving Raises For Health Insurance
Park City, Utah (PRWEB) January 09, 2014
Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on small businesses giving raises for health insurance.
According to Zane Benefits’ website, many small businesses who do not offer health benefits consider giving employees a raise or salary bonus to help them pay for their individual health insurance. That’s because small businesses wants to offer health benefits to take care of employees and to help with recruiting and retention, but they cannot afford group health insurance, they cannot meet minimum participation requirements of a group health insurance plan, and/or they do not know about small businesses health insurance alternatives such as Section 105 defined contribution allowances.
According to Zane Benefits’ website, providing raises or salary bonuses to employees may seem cheaper and simpler than reimbursing health insurance premiums through Section 105 defined contribution allowances. But, there is one major consideration favoring Section 105 defined contribution allowances for small businesses: tax savings.
By offering Section 105 defined contribution allowances instead of giving raises to employees for health insurance, both the small business and employees save money.
Click here to read the full article.
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About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Related Small Business Press Releases
Angelique Rewers, The Corporate Agent, discusses the often untapped potential for small businesses: marketing their products and services towards big busines…
Video Rating: 5 / 5
New Tax Hikes and Budget Cuts to Affect Small Businesses said Fox News40 – XSM introduces Business Consultancy for Small Businesses
Denver, CO (PRWEB) December 09, 2012
With the fiscal cliff looming over all the heads of all US citizens, the businesses are directly to be affected by the new policies. New tax hikes and budget cuts would end up in the consumer paying a higher price for the end product. In a release on the 7th of December this year, Fox news40 stated small businesses will face great challenges on http://fox40.com/2012/12/06/fiscal-cliff-affects-small-businesses/. The introduction of newer taxes and gradual increases in some is to cause the business leaders to look up innovative strategies in order to sustain growth.
Small businesses can grow further by making use of dimensions previously ignored. Business consultancy is available online; a service which aims to help a business grow and allow the leader to see the gaps which were left unfilled. The service allows individuals to capitalize on all opportunities available in the market and help allow their businesses to grow. A study by the United States of Small Business Administration released last month revealed about 50% of small businesses close down each year. Business consultants help reduce this probability by inputting their expertise and qualifications.
Many individuals and businesses in seek of business consultancy face many scams over the internet. A young business which never availed online assistance can have trouble in making the right decision. XSM, one of the fastest growing business consultancy businesses online, has helped almost 30 businesses grow their market share and make use of the internet to increase its sales.
XSM is a growing online based business which has helped many small businesses make a customized website and increase its revenue by consistent consultancy. It can be a difficult task to understand the complex paradigms in making an online presence. However, XSM has helped many businesses grow over the internet. Majority of the work of XSM can be found on http://www.connecttotheworld.com/ourwork/. More information regarding XSM can also be availed on http://www.connecttotheworld.com/.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Article by Outsourcing Bookkeeping Service
Outsourcing bookkeeping services is nowadays the tendency in many businesses. That is why there are also more and more outsourcing companies at this time becoming presented in the market. These companies hire experienced accountants to focus on specialized services like bookkeeping and accounting so they can provide them to the companies who desire to outsource. Outsource means subcontract, so it means away from the company’s recognized office. For traditional businesses, bookkeepers frequently experience a firm training. After a period of time, they are then working to apply what they have learned and do the standard bookkeeping services, mostly in recording and keeping of the company’s books of account.
Outsourcing bookkeeping is an excellent measure for companies to maintain accurate records in their books. This is for the reason that bookkeeping requires professional skills and a much focused attempt which can be delivered only by an expert who is experienced in the field. An accurate bookkeeping service improves the capability of a firm to focus on business growth while simultaneously curtailing risks and costs.
If you prefer Outsourcing bookkeeping so you get more advantages like:
Cost savingOffloading tasksGetting expertiseGetting more creativity into the jobIncreasing problem-solvingLooking for highest customer satisfactionKeeping the business working 24/7
If you choose outsourcing bookkeeping, you decrease the manpower you have and yet you get the same services being offered by these traditional bookkeepers, not to mention that you also get to decrease all other expenses related to having these bookkeepers around, including the training costs. It is similar to hire someone have the accounting department of your business.
If you want to run your core small, mid and large business smoothly so appropriate bookkeeping accounting is basic requirements. So, outsourcing bookkeeping gives you perfect bookkeeping accounting solutions for your any type of business.
About the Author
For more information regarding our wide ranging bookkeeping services and also bookkeeping accounting services requirements to us so feel free contact us and drop us mail at info@outsourcingbookkeepingservice.com
www.outsourcinglive.com Is outsourcing really bad for the US economy and is it hurting small businesses? Can anyone use outsourcing? Why do business struggle to find the right people to outsource to? I’ve created this video to debunk 5 outsourcing myths that I hear about all the time. A lot of people have heard in the media and seen on TV that outsourcing is bad and has a negative effect. Let me show you inside this video why these myths are not true! Also, be sure to watch the whole video to find out some exciting news and the question for you to answer…
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WebVisible Partners with Media Common to Bring On-line Advertising to Nearby Organizations Throughout the Southeast
Los Angeles, CA (PRWEB) June 07, 2011
WebVisible (http://www.webvisible.com) and Media General, Inc. (NYSE: MEG) these days announced a partnership that will put award-winning online advertising technologies into the hands of nearby organizations advertising with Media General’s newspaper and television properties throughout the Southeast.
The partnership brings new revenue opportunities to Media Common, expanding the company’s portfolio of advertising solutions to include industry-leading search engine advertising and marketing capabilities.
Media Common advertisers acquire access to the potent mixture of technologies and services that helps businesses connect with customers on-line in the most effective and expense-efficient way probable. The platform is powered by WebVisible and is provided to advertisers via Media General’s nearby media brand names.
The organizations have launched the program in five locations so far, via Media General’s newspaper and tv properties in Tampa, Fla. Winston-Salem, N.C. Greenville / Spartanburg, S.C. Woodbridge / Manassas, Va. and Richmond, Va.
WebVisible connects neighborhood organizations with the consumers near them who are already seeking for what they sell. WebVisible will provide Media Common advertisers with full search engine marketing and advertising services, including a landing page, call tracking, insight into which search key phrases generate the best return on investment, detailed reporting and guidance on how to get the most out of their campaigns.
“We are delighted to have another alternative that helps our advertisers discover new techniques to build their corporations and connect with customers,” mentioned Andy Lobred, Vice President of Sales for Media Common. “WebVisible presents the correct combination of technology and services to accomplish that – putting an advertiser’s on the internet ads exactly where they’ll generate the most response from interested buyers. We appreciate working with a turnkey partner like WebVisible, which will supply us with a confirmed new revenue stream and a useful new product for our advertisers.”
“Consumers use several diverse media sources when looking for neighborhood goods and services, and Media General is well-suited to meet the expanding advertising needs of businesses wanting to connect with those buyers,” mentioned Geoff Stevens, WebVisible’s Chief Revenue Officer. “We’ve been helping newspaper and media firms incorporate on the internet advertising into their offerings for the past six years, and we’re thrilled to partner with Media General.”
WebVisible combines data, analysis, insights and technology to connect buyers to local businesses – exploiting the technology that consumers already use to connect them to neighborhood corporations that have what they are searching for.
About WebVisible, Inc.
WebVisible has been the leading provider of local on the web marketing and advertising software and services considering that 2001. WebVisible was among the initial to pioneer the use of search as a reliable, measurable avenue to connect directly with a buyer’s wants, offering solutions via some of the world’s largest Interactive Yellow Page firms, directories and other media vendors. The organization has served a lot more than 100,000 customers from 4,000 industries in 14 countries. The company also delivers solutions directly to little businesses all through the United States. WebVisible is based in Los Angeles, Calif., with an office in Mumbai. For a lot more details, pay a visit to http://www.webvisible.com or call (800) 700-0530.
Follow WebVisible on Twitter.
About Media Common
Media General is a leading provider of news, data and entertainment across several media platforms, serving consumers and advertisers in strong nearby markets, primarily in the Southeastern United States. Media General’s operations are organized in 5 geographic market segments and a sixth segment that consists of the company’s interactive advertising services and certain other operations. The company’s operations include 18 network-affiliated tv stations and their linked web sites, three metropolitan and 20 community newspapers and their linked sites, and more than 200 specialty publications that contain weekly newspapers and niche publications targeted to numerous demographic, geographic and topical communities of interest. A lot of of the company’s specialty publications have connected web sites. Media Common furthermore operates three interactive advertising services firms: Blockdot, which specializes in interactive entertainment and advergaming technologies DealTaker.com, a coupon and shopping internet site and NetInformer, a leading provider of wireless media and mobile marketing and advertising services.
Media Get in touch with:
For WebVisible, Inc.:
Ken Greenberg
Edge Communications, Inc.
818/990-5001
ken(at)edgecommunicationsinc(dot)com
For Media General, Inc.:
Ray Kozakewicz
Media Common, Inc.
(804) 649-6748
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.