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You might be aware of the fact that Singapore education system is top-ranked for its quality. The teaching standards are well determined to ensure all-round development of learners. Now, if you are planning to open a tuition center at this location, you have to work upon those standards to deliver best. Being a tutor or educator is a rewarding career but in order to maintain the reputation of your tuition center, you have to follow the tips below: Make your strategy Jumping into a business without any plan is the biggest mistake that anyone can do. It is important to sit back and plan well about your first step. Try to go through all rules and regulations of Singapore and at the same time ensure that you are financially stable to run the basic expenses. Get some insights about what kind of education center will be most beneficial for the people in your surroundings. Analysis the staffing requirements and also collect information about their pay scales and tuition rates as well. Choose the name of your tuition center Next thing you need to do for your education business is to decide a killer name to grab the attention of your targeted audience. Go online and find best word combinations to get the name of your company but at the same time make sure that you have selected a unique name that is now owned by any other already in the market. Choosing a powerful name for your business is the most important thing that you can do to ensure its growth. Register your business When we talk about business registration, it is important to follow right procedure and complete it at the right time. Note that Singapore regulation authority is very strict about business registration process so it is important to follow all rules properly. Experts suggest opening your tuition center as a Pte. Ltd. Business because the registration process for such type of business is quite simple and fast. Get ready to capture audience Once the business registration task is over, you have to find suitable premises for your tuition center. Choose a location that is easily accessible in the city and checks if the respective building can be used for the educational purpose by rule or not. Next task is to hire teachers for your tuition center. At last, you have to improve your online presence. To do this, hire some professionals for Company Incorporation Services Singapore, they can help you to create an interactive website and will also do SEO for you. Proper Accreditation Finally, in order to develop the trust of your targeted audience towards your education center, it is important to obtain proper accreditation. Parents always need an assurance for the education of their child and accreditations are the best way to establish the trustworthy connections. There are two types of accreditations in Singapore for an education-related business. You can go for EdyTrust Certification or try Singapore Quality Class Certification.

If you have gained huge experience in your field by working in an MNC and are now able to help people by solving their business issues, it is good to open a consultancy business in Singapore. Your long life experience and the special skill sets may assist new startups to ensure growth in the competitive market. Knowledge and expertise are always respected in Singapore. If you can utilize them in right manner, it is possible to generate a great income for yourself and your clients as well. Here we are going to discuss few essential points that demand the attention of business consultants at Singapore. Check what task people having skills same as you are performing in the market From past so many years, you were busy with your job routines so probably you rarely know what else people with skill sets same as you are doing in the market. Now as you have decided to open your doors, it is good to make a market analysis of what are the available options for the business. If you have gained experience in tax management, you can open a business to provide services as a taxation expert. Do some research and find what your competitors are offering and how well you can work in this direction. Google can help you to get all the required information. Collect insights about their work charges Once you are able to know services offered by your competitors, the next task is to check at what rates they are serving clients for different needs. The cost of services matters a lot to ensure a sustainable business so this part demands deep analysis. Try to contact friends that have the same trade out, enjoy food and drinks together and collect few tips from them; they will love to share. Setting a sole proprietorship or Pte. Ltd. Company Experts always advise to begin your consultancy business with a sole proprietorship but in case if your plans are to deal with larger projects and big brands, it is good to start with a private limited company. However, it is not so easier to start up a business from scratch; the best idea is to take help from Company Incorporation Services Singapore. Opening a Pte. Ltd. company is an easy way to handle liabilities but if you try to deal with big projects at your sole proprietorship, it may bring risks to your personal assets as well. Develop your website and marketing strategy Now, as soon as you are ready with your business idea, it is time to hire professionals that can help you to build a website for you. As we are living in the digital era so it is essential to make connections with your clients via websites, social media, and mobile apps. It is also important to make efforts for SEO, if you are not expert in that, prefer to get services from the experts in this field. Get certificates for your work Although it is not essential for consultancy business owners to have a specific certificate at Singapore, if you have few, you will avail many benefits. For some government projects, the certifications are quite valuable so it is important to make efforts for them on time by joining right courses.

The process you have to follow in order to start a dental clinic in Singapore is pretty much similar to the steps of starting a traditional clinic. You will need to obtain your license for medical practicing from the Ministry of Health in Singapore. All your applications should be directed to the Central Licensing Branch of the ministry. When can you start a dental clinic business in Singapore? Before you go ahead with dental clinic Singapore, you should understand if you are eligible to go ahead and do it. If you are a person who has an approved medical license, you will be able to go ahead with the decision of starting a dental clinic in Singapore. In addition to that, people who have approved medical organizations and societies will be able to do it as well. Usually, a dental clinic in Singapore is registered as a business entity. However, you will need to register it with the Accounting and Corporate Regulatory Authority of the country as well. When you establish the business, you will be able to go ahead and apply for your license from Central Licensing Branch. How to start your dental clinic in Singapore? When you complete building work, you should obtain a Temporary Occupation Certificate and a Certificate of Statutory Completion from the Building and Construction Authority. Then only you can occupy the space. Along with this, you will also need to get your Fire and Safety Certificate. The other license you need to have is the advertisement license, which is offered by Building and Construction Authority. You obviously go ahead and set up signage around the dental clinic. You should have this license to go ahead with it. Obtain approval from medicinal drugs dispensary Since you are going to dispense medical drugs through the dental clinic, you will need to obtain approval for it from the medicinal drugs dispensary as well. In other words, you should obtain the certificate for the registration of a pharmacy. Along with that, you should obtain a L3 license from the national environmental agency as well. You must do it if you are going to have x-ray machines inside your dental clinic. Find a suitable name for the dental clinic Once all licensing work is done, you will be able to select a name for the dental clinic in Singapore. This is one of the crucial names. Along with the name you select, you will need to add either Dental Centre or Dental Clinic. Therefore, you must pick a name that goes perfectly well with this phrase. It is important to keep in mind that you cannot have words such as National and Singapore in the name of your dental clinic. After you register the name of the dental clinic, you should have the exact same name on your signboard as well. You need to make sure that you are not picking any offensive words for the name of the dental clinic. You should not upload any such offensive diagrams or pictures in the signboard as well. You need to follow this rule when you are working on stationary of your dental clinic as well. Get a clinic manager To ensure smooth business operations, you need to think about getting a clinic manager for the dental. It is recommended to get a medical practitioner as the clinic manager. He should be registered with the Medical Council of Singapore as well. This is a law that you must adhere to. Obtain the other licenses You will need to obtain few other licenses to manage your dental clinic in Singapore while adhering to all the legal requirements. First license that you should get out of them is the risk based license. It is a new license, which incentivizes the healthcare institutions. Depending on the nature of your dental clinic and the treatments you offer, you will be able to get this license. You need to make sure that all the applications that you send out to ask for licenses is sent at least two months beforehand. That’s because the time taken for processing the license is longer than you expect. In case if there are multiple branches in your dental clinic business, you need to get licenses for each and every one of them separately. In addition to that, you should purchase a licensing fee for every dentist who practice in the clinic as well. If it is just one dentist, you will have to pay $770. If there are 2 to 5 dentists, the cost will be $1,100. If the number of dentists is over 5, you will have to pay $1,500. Document Submission You will need to submit some important documents to the Ministry of Health in Singapore. They include the fire safety certificate, ACRA company profile, and floor plan of your dental clinic, authorization letter from the company director and a consent letter from the licensee. Issuing the license When all documents are submitted, you will be able to receive the license within a period of one two weeks. This is depending on the type of license that you apply for. The license you get will be valid for a duration of two years as well. What additional licenses should you get? When you want to start a dental clinic Singapore Sunday, there are few other licenses that you should obtain as well. Here is a quick overview of them. Final Words Now you have a solid understanding on how to go ahead and start your dental clinic in Singapore. This can be a daunting task for many. However, everything is properly organized and you just need to follow the steps. Then you can get hold of the licenses that you want and start the operations of the dental clinic. You should dedicate at least two months for the preparation and obtaining licenses before the date that you are planning to start practicing. This can help you to stay away from unexpected hassle and frustration in the long

Bookkeeping and accounting look similar to many small scale business owners in Singapore. However, these two terms are being used to refer to two completely different things. If you are a small scale business owner, it is important to have a solid understanding about this in your mind. Then you will be able to act accordingly and make sure that you stay away from hassle at all times. The difference between accounting and bookkeeping is pretty much similar to the difference that you can find in between a doctor and a nurse. Both doctor and nurse are working with the same objective. However, the functions that they do overlap each other. In the meantime, both the doctors as well as the nurses have their own set of responsibilities as well. While keeping that in mind, let’s take a look at the differences that exist in between bookkeeping and accounting. Bookkeeping is all about recording financial information of a business. In here, the key objective of an accountant is to analyze the financial transactions and extract sensible information out of them. The roles of an accountant and bookkeeper overlap with each other as well. For example, a bookkeeper is responsible for recording the accounting process. In the meantime, the entire accounting process is carried out by the accountant and he will consider it as one of his responsibilities. You will be able to get both bookkeeping and accounting for SME Singapore by a third party service provider, but when you deep dive and take a look at it, you will be able to see how these services are offered by two parties. Bookkeeping is all  about recording and filing Now you have a basic understanding of what bookkeeping is all about. Along with that, let’s deep dive and figure out more information about it. Bookkeeping can be considered as an administrative task. During this administrative task, the primary objective is to focus on recording business transactions. It is important for the transactions to be recorded in a timely manner. In addition to that, the bookkeeper will need to make sure that all the transactions are compiled accordingly to ensure consistency. It is also important for a bookkeeper to go ahead and create invoices. Other responsibilities that a bookkeeper has in a business include posting the credits and debits, reconciling credit cards and preparing the payroll. It is also important for a bookkeeper to balance the historical accounts of a business and the subsidiaries. Along with that, ledgers that contain recorded information about expenses and sales should be balanced. Supporting documents, such as invoices should be added into this balancing part as well. The bookkeepers are also responsible for making payments to the suppliers, filing the cash receipts of customers and updating the inventories. Along with that, they work on handling petty cash as well. If somebody wants to become a bookkeeper, it is important to take an accounting course. Then it will be possible to understand the fundamentals of accounting and figure out how to work as a bookkeeper. Accounting is all about analyzing and reporting Before you go ahead and obtain the services offered by SME accounting services, it is important to have a solid understanding about the definition of accounting as well. When it comes to accounting, an accountant will analyze all the information gathered by a bookkeeper with the objective of gaining useful insights about the business. In other words, the accountant can gain insights and see how the business is doing. Along with that, the accountant can come up with appropriate measures that business can take in order to increase profitability in the future. Accountants are responsible for deferring and accruing expenses and revenue. In addition to that, they are also filing taxes, analyze the operating expenses of a business and work on financial statements and reports. These reports are presented to the business owner, which can help them to understand how the financial decisions taken by them are in a position to create an impact on the bottom line of the business. You can also find accountants engaged in the process of preparing loan proposals, drawing chart of accounts and planning the business budgets. They will go ahead and set the parameters and standards for the overall financial system of the business. This defines how the financial records should be filed, maintained and destroyed if needed. In order to become an accountant, you need to have at least a Bachelor’s Degree. In addition to that, you need to pass a board exam, so that you will be able to become a Chartered Accountant or a Certified Public Accountant in Singapore. Then it is possible to join one of the SME accounting services and work. Accountants will also have to work for the comptroller and financial controller positions within a company. Business growth is ensured with proper acounting and bookkeeping services In order to ensure the success of a business, both accounting and bookkeeping services should be available. Hence, you need to ensure that both these services are available along with accounting for SME Singapore services. When it comes to accounting, all the information gathered by bookkeeping will be analyzed to gain important business insights. In addition to that, it will determine the steps that should be taken to ensure the future profitability of businesses. The service offered by accountants and bookkeepers started overlapping when the things went digital. That’s because most of the bookkeeping software applications available out there are in a position to generate financial reports, which should be done by an accountant. However, due to the availability of software tools, even a bookkeeper will be able to go ahead with it. In the meantime, you can also find accountants who are recording financial transactions for the companies. Due to the same reason, some people believe that the role of bookkeepers would become obsolete in the future. That’s because there is a high possibility to automate the tasks that are completed by a bookkeeper.

Bookkeeping and accounting is one of the most important tasks that you will need to get done at your clinic. It can help you to make sure that your clinic is doing well. In addition to that, you will also be able to derive important decisions, which can contribute towards the success of your clinic through proper clinic accounting practices. Why do you need clinic accounting services? Plenty of reasons are available for you to go ahead with clinic accounting services. Therefore, you need to take a look at those options before you go ahead with anything else. A typical clinic will come across the need to get the help of an accountant to get following tasks done. What are the options available for bookkeeping? Now you know what types of bookkeeping and accounting services are needed by your clinic. Along with that, you should also take a look at the different bookkeeping and accounting options that are available for you to consider and go ahead with. You will be able to think about getting all clinic related accounting and bookkeeping work done on your own. If you have a clear understanding about basics of accounting and bookkeeping, you can focus on it. It is important to get the help of a CPA and make sure that all your accounting work are reviewed. Then appropriate adjustments will be made to the work that you do as well. However, it is better if you can refrain from getting the clinic related accounting work done on your own. That’s because you have many other areas in the clinic to focus on. If you focus on accounting, you will be restricting the future development of your clinic. On the other hand, you will not have a clear understanding on how to analyze the accounting statements and extract useful information, which can benefit your clinic at the end of the day. This can also lead you towards hassle in the long run. That’s because you were not exposed to the factors, which predict the future of your clinic. Second option is to go ahead and hire an accounting professional into your clinic. Then you will be able to ask that person to work on your bookkeeping as well as accounting work. You can completely get rid of all the accounting related responsibilities by going forward with this method. However, it is also important to understand that this is not the most economical option available for you to consider. That’s because you will have to pay a salary to the accountant that you hire. If your clinic is still in a small scale, you will find it as a difficult task to go for it. There are many external accounting firms, which are accepting outsourced work. You can think about outsourcing all the accounting related work that you have to such a firm. Then you will be able to pay only for the accounting services that you need to get done. You can also ensure that all the accounting work is taken care of them. This can help you to make sure that you don’t end up with any frustrating moments. No matter with what option you decide to go ahead with, you will be provided with a variety of accounting related services at the end of the day. Here is a list of the most prominent accounting related services that you can receive. What parameters should you consider at the time of working on clinic accounting? There are some important parameters, which you need to be concerned about at the time of using clinic accounting services. Following are the most important parameters out of them. You need to make it a habit to generate reports about financial information related to the clinic. This can help you to get a better overall understanding about the financial health of the clinic as well. Along with that, you will be able to make better decisions on how to provide a better service to your patients and how to get more patients to come into your clinic. It is better if you can work on a daily sales report. Then you can understand how your day to day financial performance of the clinic are. In here, you need to pay attention to all sorts of financial transactions that you have to deal with. Then you need to take a look at the chart of accounts as well. Your clinic will be subjected to a variety of expenses on a daily basis. In the meantime, you will also keep on generating lots of money from patients throughout the day as well. Therefore, it is important to work on chart of accounts and make sure how you are spending money and how you are making money. You can even focus on fine details such as marketing and staff payroll expenses when working on the chart of accounts. You must go ahead and work on the Profit and Loss Statement of your clinic as well. In here, you will be able to understand how much revenue you are generating from the patients, and then calculate the cost of medicine and other expenses such as operational expenses and labor expenses. Most importantly, you can understand your profits with the help of Profit and Loss Statement. The Profit and Loss Statement will provide a quick picture of the financial health of your clinic as well. Then you can understand how you will be able to end up in future, if you continue the current operations. Cash is coming into your clinic. In the meantime, you will be spending money from your clinic for a variety of expenses. The cash flow statement can assist you to understand how much of money you are having in your hands. Then you can understand whether you are generating enough money to cover up the expenses of your clinic or not. Balance sheet provides a quick picture of your assets, liabilities and the equity. Assets refer to

The dream of starting and developing a successful business entity in Singapore includes choosing the best company secretarial services to support your business. So, today let’s learn about it. Upon company incorporation in Singapore, the company must appoint a Company Secretary within six months of incorporation. In addition to this, the post of Company Secretary cannot be left vacant for more than six months. The company can eitheire an in-house secretary or can avail company secretarial services from a corporate service provider. Nothing in this world is free of cost, but the company secretarial services in Singapore can be availed by paying a minimum fee. So, let’s learn the services provided by a Company secretary and their general cost break up Service Fee For Company Secretarial Services The fee of services offered by a Company Secretary in Singapore varies based on the services being provided. The routine corporate services are lower in cost, that includes: ● Changing of a company’s financial year-end. ● Preparation of a board or shareholder’s resolution. ● Making updates in case of change in personnel with ACRA. ● Other routine secretarial services. On the other hand, certain services cost a bit higher than usual ones. These mainly include services relating to: ● Setting up a private limited company in Singapore and other company incorporation services. ● Changing of a Singapore company’s name. ● Conversion of a sole proprietorship and limited liability partnership into private limited companies. The routine services are usually charged around S$100 or below to S$200. The fees for higher corporate services can be more than S$1000. Annual Subscription Most of the corporate service providers offer you an annual subscription plan for a fixed fee. In this, the general company secretarial services are covered, that includes maintaining the company’s register and filing all the necessary correspondences and resolutions for the year. The average charge of an annual subscription is around S$450. Bookkeeping Fees This is not a mandatory company secretarial service that all the companies require. Some companies build an in-house accounts team for bookkeeping; others use apps to reduce the complexities relating to the bookkeeping tasks. However, some companies prefer to pay Company Secretaries to do this task. The fees for it is usually paid every month and depend on the number of transactions made. A minimum general fee to perform this task is around S$150 per month. Salaries Of Company Secretary If the company is looking to hire an in-house Company Secretary, it should be aware of the average salary that a Company Secretary earns. In Singapore, the average earning of a Company Secretary per year is over S$47000. More experienced secretaries can earn approximately S$83000 per year. Final Words Availing company secretarial services is mandatory and beneficial for keeping the company up-to-date by fulfilling all its regulatory and compliance requirements. So, a Company Secretary has a great hand in building the company and making its reputation better than before.