Our Latest Blog
Director Fees vs Dividends vs Directors’ Renumeration
Dear Esteemed Clients, 尊敬的客户,請向下滚动到中文部分。 Today we wish to cover a common question amongst our clients in differentiating between the ways a company’s directors and/or shareholders can receive due income. Criteria Director Fees (Salary) Dividends Directors' Remuneration (Salary + Bonus) Eligibility Payable only to directors. Payable only to shareholders. Payable only to directors. Tax Treatment Classified as personal income and taxed at individual income tax rates in Singapore. Exempt from personal income tax due to Singapore’s one-tier corporate tax system. Classified as personal income; both fixed salary and variable bonuses are subject to individual income tax rates. Corporate Deduction Deductible as a business expense, reducing the company’s taxable profit and overall corporate tax liability, provided they are reasonable and related to business operations. Not deductible, as dividends are distributed from after-tax profits. Deductible as a business expense, reducing the company’s taxable profit; includes both salary and any performance-related bonuses. Payment Limitations Can be paid [...]
Our Latest Blog
Director Fees vs Dividends vs Directors’ Renumeration
Dear Esteemed Clients, 尊敬的客户,請向下滚动到中文部分。 Today we wish to cover a common question amongst our clients in differentiating between the ways a company’s directors and/or shareholders can receive due income. Criteria Director Fees (Salary) Dividends Directors' Remuneration (Salary + Bonus) Eligibility Payable only to directors. Payable only to shareholders. Payable only to directors. Tax Treatment Classified as personal income and taxed at individual income tax rates in Singapore. Exempt from personal income tax due to Singapore’s one-tier corporate tax system. Classified as personal income; both fixed salary and variable bonuses are subject to individual income tax rates. Corporate Deduction Deductible as a business expense, reducing the company’s taxable profit and overall corporate tax liability, provided they are reasonable and related to business operations. Not deductible, as dividends are distributed from after-tax profits. Deductible as a business expense, reducing the company’s taxable profit; includes both salary and any performance-related bonuses. Payment Limitations Can be paid [...]
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Our best clients treat us as their Chief Financial Officers, business advisors and strategists and we help them grow their business.
Accounting
ET Management services provides business owners with a lot of services under accounting services, some of them are: Advisors to bookkeepers and directors for do it yourself accounting, Preparation of the unaudited financial report for Annual General Meetings, Application and advisory of accounting practices that are already present in the company, Research as well as advisory for Financial reporting standard matters, and so on. These are critical services that should be undertaken only by professionals, ET Management services is a company that has been registered as a filing agent with ACRA (Accounting and Corporate Regulatory Authority).
Accounting
ET Management services provides business owners with a lot of services under accounting services, some of them are: Advisors to bookkeepers and directors for do it yourself accounting, Preparation of the unaudited financial report for Annual General Meetings, Application and advisory of accounting practices that are already present in the company, Research as well as advisory for Financial reporting standard matters, and so on. These are critical services that should be undertaken only by professionals, ET Management services is a company that has been registered as a filing agent with ACRA (Accounting and Corporate Regulatory Authority).
Taxation
Calculating and paying taxes for a single person is not a very tedious job, though it has a lot of complications. Calculating and paying taxes for a large company is itself a huge exercise. The government usually has some standard deductions and tax exemptions on certain goods and services and it is constantly changing. Only tax experts, like the ones from ET Management services keep up to date with the laws of the government and calculate taxes accurately. Thereby saving your company a lot of money, not only by paying the proper amount of tax, but also by avoiding any litigation under non payment or less payment of taxes.
Taxation
Calculating and paying taxes for a single person is not a very tedious job, though it has a lot of complications. Calculating and paying taxes for a large company is itself a huge exercise. The government usually has some standard deductions and tax exemptions on certain goods and services and it is constantly changing. Only tax experts, like the ones from ET Management services keep up to date with the laws of the government and calculate taxes accurately. Thereby saving your company a lot of money, not only by paying the proper amount of tax, but also by avoiding any litigation under non payment or less payment of taxes.
Corporate Secretary
Companies that are just starting off the ground and companies that are already successful, both require the corporate secretarial service. There are a lot of legal and statutory practices that have to be carefully considered and taken care of. Many companies do not have proper experience with things like this and that is why corporate secretarial services are required. To keep track of this in itself becomes a very huge burden. It does not matter what type of company is availing the corporate secretarial services from us at ET Management services, as our secretaries are very proficient in handling all types of companies. The secretaries from ET Management services have a lot of experience gathered from their years of working in different types of companies.
Corporate Secretary
Companies that are just starting off the ground and companies that are already successful, both require the corporate secretarial service. There are a lot of legal and statutory practices that have to be carefully considered and taken care of. Many companies do not have proper experience with things like this and that is why corporate secretarial services are required. Every state and / or country has different rules and regulations that they expect a company to follow. It does not matter what type of company is availing the corporate secretarial services from us at ET Management services, as our secretaries are very proficient in handling all types of companies. The secretaries from ET Management services have a lot of experience gathered from their years of working in different types of companies.