I had a local accountant for about 8 years... neither the cheapest nor the most expensive. She is a CPA and very familiar with accounting law and practice in Singapore. Having said that, she, like others, sometimes does not see the forest for the trees, that is, she can be very good at helping you understand all the forms and reporting requirements, and not so good when it comes to business strategy. If you want to talk to her, I'll PM you her contact details._anabanana wrote:You don't happen to know where I can find a decent accountant, do you?
I'll let others chime in as well... and this won't work for you. The primary reason is that you are the person that will be working. You need a work permit of some sort. What this accountant is suggesting is that you 'pretend' someone else in the business is doing the work and you, as SP owner, are reaping the profits from the work being done by this person. You, as SP owner, will have an employee that you must pay, pay CPF, and file paperwork for._anabanana wrote:I had a quick chat with an accountant today and he suggested that I forget the LOC and instead appoint someone as a local manager.
Visit MOM and be ready to translate the 'maybe', 'possibly', 'likely' or 'should be' in their responses ... if you are expecting a direct Yes or No_anabanana wrote:I was told today on a different forum that MOM are no longer issuing LOCs for DP holders vi the ACRA / sole trader route - apparently a very recent development?
I think it's time to visit MOM...
Lovely. Will keep you updated.ecureilx wrote: Visit MOM and be ready to translate the 'maybe', 'possibly', 'likely' or 'should be' in their responses ... if you are expecting a direct Yes or No
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