FAQs

A Compilation of all the frequently asked questions.

Finance Function

Streamlining your payments and receivables will help increase your cashflow and manage your relationship with your suppliers and customers. We will work with you on a payment schedule that best optimises your cashflow. Our clients typically see an increase of 20% in cash from working capital and better relationships with their suppliers and suppliers. Engaging us also saves you time from manual reconciliation and checking.

The cost depends on the scope of work and service required. Our Finance Operations Outsourcing function starts from S$200 per month.

Company Secretary

It is mandatory for companies to hire a corporate secretary within 6 months of incorporation as required by ACRA. You should be aware that the Company Secretary must be a resident of Singapore (citizen or permanent resident). The Company Secretary is responsible for ensuring that the company complies with the relevant legislations and regulations. The Secretary also keeps the Board Members informed of their legal responsibilities towards the company.

Outsourcing company secretarial services save you the cost of hiring and training of in-house team without any compromise on quality. The cost spent on infrastructure, employment taxes and other overhead costs are saved by outsourcing services to third-party. Therefore, money saved can be used to expand the business.

Reach out to us and we will ensure that your Corporate Secretary onboarding process is smooth!

Not necessarily, you can hire a Corporate Secretary as your employee or outsource this service. When you entrust this role to Tisch Global, we are not an employee. You don’t have to pay salary and manage the work. The expense is limited to the Corporate Secretarial package you choose.

Corporate Tax

Corporate tax rate is capped at 17% based on the company’s chargeable income.

We thoroughly comb through your transactions to help maximise tax deductions. This includes planning your capital allowance, S14Q claims, and donation claims to fully utilise your tax allowance.

Employer of Record (EOR)

While both EORs and PEOs handle HR tasks, an EOR becomes the legal employer of the workers, whereas a PEO co-employs the workers along with the client company. 

Companies might use an EOR when expanding into new markets, managing remote teams, or needing help with complex compliance issues.

We stay up to date with local labour laws and regulations, ensuring that all employment practices are compliant and reducing the risk of legal issues. 

The employment act, The child development co-savings act, The employment of foreign manpower act, Work injury compensation act and The workplace safety and health act.

Industries such as technology, healthcare, finance and any sector with a need for international expansion or remote workforce management can benefit from EOR services.

We handle the entire onboarding process, including setting up payroll, benefits, and ensuring all legal documentation is completed. 

At Tisch Global, we prioritise our clients’ confidentiality and data protection. We implement robust security measures and adhere to strict privacy policies to ensure that all client information is handled with the utmost care and integrity.

Goods & Services Tax (GST)

The registration itself takes 10 working days from submitting the GST application form to getting the GST number. But preparing all the paperwork necessary to apply may take time. The list of required documents is extensive, and you even have to attach proof that you’ve completed an IRAS educational course on GST.

For companies that have hit the S$1M annual revenue mark, you have 30 days to register for GST. We advise you to plan ahead and file for voluntary registration as soon as possible.

You add 7% to the sum of your goods or services to charge or bill your customer, and then pay this amount to IRAS every quarter.

Let us help you handle the GST computation and submission, so you can focus on growing and scaling your business.

The current GST rate in Singapore is 9%.

Singapore offers several government-run GST assistance schemes through the Inland Revenue Authority of Singapore (IRAS) to help businesses manage their tax obligations more effectively.

These schemes are designed to support businesses with cash flow management, reduce administrative burdens, and facilitate international trade.

Some examples include:

  • Gross Margin Scheme: GST is charged on the gross margin of goods.
  • Zero GST Warehouse Scheme: A GST-registered business can store imported goods in approved warehouses without paying GST upfront. GST is payable when these goods are removed from the zero-GST warehouse for local use.
  • Hand-Carried Exports Scheme: Allows zero-rating of goods supplied to an overseas customer if the goods are hand-carried out of Singapore via Changi International Airport.
  • Import GST Deferment Scheme: A business can pay GST on imports when its monthly GST returns are due. That means it does not need to pay GST at the point of import.

CFO Advisory

Are you able to evaluate your financial performance, understand your financial position and plan ahead adequately for business growth?

Our boutique CFOaaS specialises in supporting SMEs to make sound financial decisions for growth. Most of our clients are SMEs looking to scale up operations, enter new markets and need our CFOaaS to take their business to the next level.

Hiring a full-time CFO is costly; they easily command a salary of $100,000 and above per annum. An outsourced CFO is flexibly priced – you only pay for what you require. An outsourced CFO also has the broad expertise from various industries to advise accordingly.

This depends on the package you have purchased. We understand that every company has differing financial needs, hence we customise the hours of consultation and services each company requires according to preference. The terms will be mutually agreed upon based on the needs of your company.

Our CFO outsourcing services are fully customized to your company’s financial needs, so there’s no fixed agenda. Meeting topics are mutually agreed upon and planned based on your business priorities.

Discussions typically cover strategic financial decision-making, cash flow optimization, financial planning and forecasting, cost management, and identifying opportunities to improve financial performance. This flexible approach ensures you get focused support on the financial challenges most relevant to your business.

Your CFO partner is a certified accounting and financial personnel with years of experience in forecasting and budgeting, financial analysis and auditing.

Business Valuation

A full scope valuation exercise usually takes 1-3 weeks, depending on complexity

To perform a business valuation, we will need your company’s management accounts or unaudited financials and financial projections. We will provide guidance on the list of documents to prepare upon engagement of our services.

Yes, we follow international standards. Our valuation report is signed off by a Chartered Valuer and Appraiser of the Institute of Valuers and Appraisers, Singapore (IVAS). IVAS is a governing body for valuers under ACRA.

Get in touch

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