Singapore Budget 2023 Commentary – Our Roadmap to Adapt and Thrive in a Post-Pandemic World
Singapore, 16 February 2023 – Singaporeans may be forgiven in hoping for some additional love from the Government considering that the Budget announcement falls on Valentine’s Day. Especially since we have been cheery beneficiaries of recent consecutive generous budgets for the past few years. However, after coming out from the pandemic relatively unscathed and with […]
Accounting for Business Success – Can Accounting Do Without Accountants?
By Lim Ju May Financial Accounting and the Medical Profession – What is the Connection? Gong Xi Fa Cai, Prosperity, and Good Health to all. ‘Health is wealth’ is universal truth for everyone but would you agree that the same also applies to businesses? The financial health of a business is akin to a person’s […]
CLA Global TS Successfully Assisted YKGI Limited in its IPO Listing on SGX Catalist Board
Singapore, 7 February 2023 – CLA Global TS (formerly Nexia TS) is pleased to announce that it has successfully assisted homegrown multi-brand F&B and food court operator, YKGI Limited, in its initial public offering (IPO) listing on the Singapore Exchange Catalist board. YKGI Limited is an established homegrown brand with a track record of more […]
Tax Aspects of Remote Work – Implications For Employers and Employees
This article was first published in the IS Chartered Accountant, February 2023. Re-published with permission from the Institute of Singapore Chartered Accountants (ISCA). Takeaways In planning for cross-border remote work arrangements, employers should seek to understand and address potential issues relating to permanent establishments in the foreign jurisdiction. Applying the source rule, an employee who […]
CLA Global TS Assurance Director Featured on Aspire’s Future of Finance 50 List
Mr Samuel Lim, Assurance Director at CLA Global TS featured on Aspire’s Inaugural list of leaders shaping the future of the finance in Southeast Asia. Singapore, 10 January 2023 – CLA Global TS (formerly Nexia TS) is pleased to share that its Assurance Director Mr Samuel Lim has been featured on Aspire’s Future of […]
Business Combinations – A 39 Year Journey but have we arrived?
By Lim Ju May Mergers, acquisitions, takeovers and corporate restructurings are significant cornerstones that determine the growth and way forward for businesses and corporations. These events and transactions in accounting language are termed business combinations (“BC”) and the accounting requirements are set out in IFRS/SFRS(I) 3 Business Combinations. The business combination accounting standard was first […]
CLA Global TS Congratulates SOE-CLA Global TS Entrepreneurship Award 2022 Winner
(L-R) Ms Rachel Wong, President, Spirit of Enterprise (SOE) | Award Presenter, Mr Henry Tan, Group CEO & Chief Innovation Officer, CLA Global TS (formerly Nexia TS) | SOE-CLA Global TS Entrepreneurship Award 2022 Winner, Mr Toby Koh, Group Managing Director, Ademco Security Group | Guest-of-Honour, Ms Low Yen Ling, Minister of State for Trade […]
Understanding How ESG Drives Future Growth and Value
Understanding How ESG drives Future Growth and Value As the region emerges from the recent wave of COVID-19, with supporting policies of pandemic lifted, the risks associated with supply-chain disruptions, high borrowing rates, geopolitical tensions, financial market risks and changing regulations, may play out across the diverse economies of Asia. Hence, investors are increasingly applying […]
China Incentives for Technology Innovation and Basic Research
In August of 2022, China’s Ministry of Science and Technology (MST), together with the Ministry of Finance (MOF) released Notice 220, an action plan for the incentivizing of technological innovation during the coming year. One key action item is to promote inclusive tax policies, such as weighted deduction of research and development expenses, tax incentives […]
Nexia TS, Rebrands as CLA Global TS, Joins CLA Global, Bringing Asia Presence
Firm aims to be the growth strategist for Asia, continuing the strong reputation Nexia TS established. Singapore, 1 November 2022 – Today, Nexia TS unveils its new brand name ‘CLA Global TS’ and joins CLA Global Limited (CLA Global), a leading global organisation comprises independent accounting and advisory firms, as an independent network member. CLA […]