Fri. Feb 21st, 2020

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If you’re in business, you already know you can’t do every required task for your business all on your own. It may be hard to recognize, but you must be able to determine what tasks you can do, and what you can’t For any task you can’t do, you need to hire (employee) or procure contracted service (other business or freelancer).

 

One of the common tedious tasks businesspersons typically outsource is secretarial duties. The options are many, but not all useful. You may wish to employ someone full-time, but not want the task of seeking out just the right talent. Then, having gone through the process, if you still don’t have your needs entirely met, you end up settling. If you choose to freelance, a lot of the burden of payroll and benefits are eliminated; but how will you know that a contract will be worth your while? Here, we will show you how to expertly pick a freelancer for this part of running your business.

If you are looking for accounting services in Singapore, you should check out Gauge.sg.

 

1   Business honesty and integrity

In contracting professional services, you would want to deal in a professional manner. You are not expected to train; the contracted business must be able to adapt to your needs and complete the work as per your instructions. If they are well-versed in their discipline, this should take a lot of the stress off you, as you only must wait for the completion of the gig. Agreed invoices followed through will be paid promptly and happily.

 

2   Knowledgeable

If you were hoping to hire a full-time secretary, you would ask for relevant credentials. It boggles the mind sometimes why buyers of freelance services often skip this step. There may be times a contractor comes so highly recommended in every way you can think of, that you feel confident it’s a perfect match. You may get lucky in this regard, but it won’t hurt asking to see the Certified Administrative Professional (CAP) certificate. This will prove to you that your contractor has attained a professional level of education and is among the top talent in the profession. An alternative certification would be the Microsoft Office Specialist.

 

3   Value for money

This point is tricky to navigate. For sure, you don’t want to spend more than necessary for adequate work but looking for the cheapest service is definitely not called for. The cheapest may be that because they are inexperienced or untalented; on the other hand, they may not have a great need for high prices if their schedule is consistently full. And the opposite is also true! Therefore, this point, while valid, should be the last criteria you compare possible candidates by. If you find the best option after deciding on the first two factors is still priced out of reach for your business, it is suggested you make room for it in your budget. There really is no point in going with cheaper and non-producing; you may end up spending that same amount to fix something that was preventable. One thing you can do to eliminate a do-over is to research market rates. It’s good to start middle of the spectrum, all other things being equal.

 

Conclusion

These tips are in no way an exhaustive list of to-dos, but it’s a start. Make yourself a short list of good, honest administrative professionals that are budget friendly. Once you tryout one, you can always tweak your requirements. You will eventually find the B2B service that you can gel with, and both your businesses will come out smiling!

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Most companies in Singapore focus on business growth and increasing their revenues. Hence many of their employees are usually involved in marketing, sales, development or customer support of the products or services which are being sold. However, it is mandatory for every company in Singapore to comply with the government regulations, keeping proper accounting records, furnishing their financial statements to the relevant government agency and filing tax returns in time. All these are specialized activities and the company should have well trained and competent staff to complete all these activities.

If there is any mistake in the financial records and calculation of taxes, it can adversely affect the business, since their reputation may get damaged and the business may have to pay penalties. Hence it is important that a business has competent and experienced staff for their accounting and taxation work. However, it is often difficult for a small business or a startup to hire full-time employees for doing accounting work due to their limited budget. So, it is better to outsource the work to an accounting agency, and some of the other reasons why your company needs accounting services in Singapore are also discussed below.

 

One of the main reasons why it is better to use the services of the accounting agency is the expertise that they offer. Since the agency is only focusing on accounting and related services, they have well trained, qualified and experienced staff who are aware of the latest rules and regulations, changes in the relevant accounting and taxation laws. They also have better systems in place to prevent any kind of accounting or compliance-related error. The agency will have trained professionals who will check the work of each other, to eliminate mistakes, resulting in high-quality work.

 

Another major reason why outsourcing accounting is cost-effective is because of the lower overheads for the business. If the business will hire one or more employees, they will have to pay monthly salaries. For a small business, the number of financial transactions will be less, so the employee will have less work, though he receives a fixed salary. Hence hiring an employee can be expensive. Also, the business will have to provide office space, computers and other amenities to the employee. The business will also have to invest money in accounting software for financial records, which is an additional expense.

 

On the other hand, the accounting agency already has many clients, software installed they do not have to invest money again for purchasing the software. Hence the amount they will charge for the outsourced accounting service will usually be lower than the cost of hiring a full-time employee for doing the accounting work. Businesses are always interested in reducing their expenses to boost their profit and outsourcing the accounting work is the simplest way to reduce their overheads and business expenses. So, for higher quality and cost-effective accounting services, it is better to hire the services of a specialized accounting agency.…

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It’s that time of year again, you’re pulling last years officewear out of your closet and it’s all drab. You’re fed up with bland colors and even blander designs, but, fear not! We’ve got you covered with what’s fashionable for office workers this year.

If you are looking for a fashion blog Singapore, you can check out a fashion blog here.

 

assorted-color clothes lot

 

This year we want big, bold, beautiful office wear that’ll turn heads and keep you warm. We’ve collected some of this years most fashionable office trends to give you an quick guide on how to navigate this season’s office trends.

 

The Bank Blazer

The ultimate power suit is here to stay and we are loving it! Pair a matching blazer and trouser for an outfit that oozes corporate sophistication. Looking to make a statement with this look? Why not try out a bold color to bring a splash of excitement to this ensemble. Designers are advising that this year you step outside of the box with your suit choices – we’re talking flared trousers and over sized jackets. This style is easy to put together style means that you can arrive at the office looking put together and powerful.

 

The Roll Neck

Retro is making a comeback and has brought the roll neck along with it. The roll neck brings an air of elegance to any outfit, as well as keeping you warm! Team it with a plaid skirt to created a look that is playful, yet cool. The roll neck is the perfect balance of smart casual that works both in the office and during those high-powered business meetings. TOP TIP: if you find a roll neck that you love buy as many colors as you can! You’ll have a never ending stream of outfit possibilities to see you through these long winter months.

 

Faux Leather

The votes are in and it’s unanimous – Faux Leather is back and it’s better than ever! Throw a faux leather jacket over your outfit to give it that final touch of finesse. Or be bold and opt for a wide leg faux leather trouser that will not only make a statement, but will keep the winter weather at bay. Matching a faux leather trouser with a checked blanket coat will give you that chic but warm winter style that you’ve been craving. Pair a boxy faux leather jacket with a chunky belt which will synch you in at the waist and create that longed for hour glass figure.

 

Minimalist Color Palette

2020 is the year of color, so ditch your boring grey officewear and embrace color! We are crazy with the monochromatic look (olive green in particular). This look is quick and easy to create in the mornings if you’re rushing – you only have to wear one color! Add a splash of color to your monochromatic look with one or two accented pieces. This style shows off your fun side whilst also complying with some of those strict officewear guidelines.

 

2020’s officewear trends are exactly what we need at this time of year – comfortable, cozy, and chic! Planning your outfit the night before means that you can save time and energy in the morning whilst still replicating these catwalk inspired looks. Have fun and get creative with your office fashion this winter!…

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A Small Company Needs a Professional Accounting Firm to Be Safe

 

Cash flow is the blood life of every business, whether large or small. Unfortunately, many small companies overlook cash flow monitoring due to the many operations they deal with daily. Poor financial management is the reason why 80 percent of small businesses start failing within the first 18 months. Many small business owners are still struggling with managing their finance. It is a complex process, and a simple mistake can fail the business.

Accounting firms have come to the rescue of the small companies that are still struggling to manage their finances. Here are some of the reasons why small companies should outsource professional accounting services.

If you are looking for a corporate tax filing services firm Singapore, do consider Accounting Services Singapore.

 

  1. Outsourcing an accounting firm is cost-effective

Outsourcing accounting services is more cost-effective than hiring an in-house team to handle the same function. Outsourcing services do not come with the overhead costs hiring an employee generates. Health insurance, vacation, retirement, sick days, worker’s compensation, and PTOs are not there when you outsource services. A small company may also not have enough finances to higher an expert.

 

  1. Reduced fraud

Fraud is common in many small and medium-sized companies with one person in charge of all accounting activities. The reason behind these frauds is because someone can easily have fake expenses and manipulate books and go unnoticed for months and sometimes for years.

Outsourcing accounting services is the only way to curb such frauds. There are multiple pairs of eyes overseeing all transactions and reports making it easy to detect frauds on time. You can’t do away with fraud in small companies completely, but with a dedicated team of experts will detect these anomalies.

 

  1. It is a proactive approach

As the CEO of a company, you are not there to be a trained financial professional to be able to oversee books. Your work is to run the company and focus on the overall company’s vision, not just bookkeeping. Outsourcing an accounting firm is a proactive approach because you will be working with experts who will notify you about expenditures and cash flows. These experts can see red flags ahead of time and advise you accordingly. Having trained eyes overseeing your financial transactions will give you confidence and peace of mind, you need to make intelligent decisions.

 

  1. Compliance with tax laws

Tax legislation and other business laws keep changing from time to time. An in-house accounting team may be too busy to keep on checking these laws. Unfortunately, failure to comply with some laws attracts heavy penalties and fines. Outsourcing accounting services from a reputable firm alleviates the worry of complying with these laws. You will be dealing with experts, and they will inform you about these changing laws and advise you accordingly.

 

  1. Outsourcing accounting services saves time

Outsourcing accounting services free up some time allowing you to focus on other activities. Some financial transactions, such as tax filing are complex, and take a lot of time. Outsourcing these services will let you focus on providing your customers with quality products. You get time to set up new strategies to keep the company scaling upward.

 

Outsourcing a professional accounting firm will transform your accounting function from advanced bookkeeping, customized management reporting, to controller services. It is not about accounting only. It is also about providing you with a platform to grow your company, improve cash flows, and drive more profits.

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