A step-by-step guide to company incorporation in Singapore (2022 edition)

Attractive tax rates, strategic location, and a well-enforced legal system while being the top financial hubs around the world are the reasons Singapore remains the best country in Asia and top 12 countries in the world to launch a business. Furthermore, with Singapore being one of the top 10 cheapest countries for company registration, this […]

A step-by-step guide to company incorporation in Malaysia in 2022

Malaysia has been positioning itself at the forefront of Southeast Asia’s bustling startup ecosystem, with a focus on becoming a regional hub. According to a recent KPMG survey, Kuala Lumpur ranks as the 9th top city in the Asia Pacific, and outside of Silicon Valley, San Francisco as a leading technology innovation hub over the […]

Are offshore companies in Singapore above board?

An offshore company is one which is incorporated in a country different from the jurisdiction of its main place of operations, or the country where its main investors or beneficial owners are residents. Simply speaking, offshore simply means a jurisdiction other than your own. Singapore has a number of benefits with regard to offshore company […]

The Perfect Clients for PikoHANA’s Small Business Accounting Services

PIKOHANA serves SMEs, which make up 90% of the enterprises in Asia, and 60% of the region’s GDP. We are based in Singapore, but we serve customers all over the world. Typically, our clients own small businesses with anywhere from 1 – 50 employees with an annual revenue of $250k to $10M. Sectors we currently […]

Concise, Quality Financial Reporting: when Less is More.

Data is valuable, but only when properly analyzed and presented. One of PikoHANA’s competencies is providing our clients with the reports they need to run their businesses. All too often we’ve witnessed finance managers, controllers, and even founders and CFOs make the mistake of producing extensive, overly detailed reports with unnecessary, mind-numbing information on the company’s financial and operational performance.   The risk of such detailed, data-heavy reports is that no one will […]

Expectations of the Modern CFO

Expectations Of The Modern CFO

The role of the modern CFO has grown far beyond the standard of yore. Executive teams are demanding more from their finance unit, in the interest of creating beneficial relationships with management teams, shareholders, and regulators.  No longer are executives satisfied with the ‘number crunching’ finance officer. The role has been redefined, requiring a CFO to wear many hats: not only are they a business […]

Managing the Impact of Risks

Risk plays a significant role in our daily lives. Whether personal risks, from crossing the road to playing the lottery, or business risks, like launching products and setting up a company in a new country, risk is simply unavoidable. Even though we have tools to estimate risk, these forecasts and predictive models can never be 100% accurate. Further, forecasts only identify risks: […]

Singapore VS UK – Where’s best to open a company?

open a company in singapore

Ease of Doing Business – The UK vs Singapore For centuries, London has been an established economic powerhouse in Europe. Today the UK is still one of the premier destinations in the world for starting businesses.  Singapore, though younger and 339 times smaller than the UK, is also regarded as a formidable business destination on […]

Singapore Company Incorporation Checklist

open a company in singapore

If you’re thinking of incorporating a company in Singapore as a foreigner, we know the process can seem daunting at first. No one enjoys complicated paperwork! However, the process in Singapore is much faster and straightforward than most other Asian countries. It’s a big part of why many businesses from the UK and the rest […]

#YouBeYou : A PikoHANA initiative to help you scale your business faster

PikoHANA Initiative To Help You Scale Your Business Faster

Understanding the challenges faced by SMEs and startups, PikoHANA is taking the initiative to help business enthusiasts, leaders of SMEs and entrepreneurs to focus on their business development goals and to do what they are best at. #YouBeYou, focus on what you are best at and outsource the rest of the tedious back-office tasks to […]

Simplifying Corporate Incorporation in Singapore for businesses

open a company in singapore

Singapore being the hot-bed for new emerging businesses in Asia is mushrooming as an industrial hub at lightning speed. Leaders and entrepreneurs are setting up businesses in Singapore owing to the tangible and business growth specific government rules and regulations. However, if one is not from Singapore and not well versed with the nitty gritties […]

Top Challenges Faced by Accounting teams

Anyone handling the nitty gritties of a business would know how crucial accounting tasks are. Accounting comes with a plethora of challenges and requires deep knowledge coupled with solid experience in the arena to make sure every step or decision taken is fruitful.  Accounting professionals and teams would agree that there are some unavoidable challenges […]

Benefits of Digitising back-office tasks

Benefits Of Digitising Back-Office Tasks

The era of tech transformation is pushing businesses to digitize several tedious processes. Moreover, amidst the race to grab market share, there is no doubt in the role that technology plays in a company’s success.  Businesses worldwide are digitising tedious business tasks and back-office tasks are topping the charts in this regard. However, a combination […]

A surprising way course creators can simplify their accounting

A Surprising Way Course Creators Can Simplify Their Accounting

Do you have the following perennial burning questions: – Can I get paid in USD in a Singapore company?  – Can I have an account in USD?  – Does Stripe work in Singapore?  – I’m making 50k USD a month, how much can I really save in taxes?  – How much is it going to […]

Advantages of Hiring the Best Account Services Provider in Singapore

Account Services Provider In Singapore

Best Affordable Accounting Services Provider in Singapore Being a business owner is not an easy task. From sales management to operation, from product management to marketing, there are a plethora of important aspects that goes into the making of a successful business. One of them is Accounting.  There is no denying the fact that Accounts […]

How to incorporate a company in Singapore within a Budget?

The increasing number of businesses in Singapore can be attributed to the well-developed infrastructure, business-flexible government regulations, transparent laws and more. However, to make the entire process of company formation in Singapore easy and affordable, one must consider the need to outsource company incorporation services to the experts in the arena.  When governments around the […]

Back-office SME for SMEs – Subject Matter Expert With Strong Technical Capability

SME for SMEs – Subject Matter Expert With Strong Technical Capability Have you ever wanted to digitize your back office but just don’t know where and how to start? Whose advice are you taking when building your operational needs? These are the questions you must be asking yourself while starting your venture in Singapore. PikoHANA […]

7 most crucial things to consider before choosing an accounting firm in Singapore

Accounting tasks are tedious and time-consuming but are also crucial for any business large or small. Businesses need experienced professionals to handle accounting tasks. Moreover, hiring an entire team for the accounting department is also not a very cost-effective plan. The best way to get the accounting tasks sorted is by outsourcing it to the […]

Top 5 Benefits of Outsourcing Corporate Secretarial Services in Singapore

Singapore is one of the best and easiest places in Asia or perhaps the world to do business. The business friendly government regulations, easy tax systems, etc are making companies from across the globe set up their offices in Singapore. Although the rules and regulations are business friendly, entrepreneurs and business owners must understand regulations […]

Why BCP is as important as DRP in 2020

Of all the hurdles that lie in the course of running a company, keeping your business operational in the event of an unforeseen disaster is a tough one. The moment your back office has to halt operations, you lose track of critical financial insights which ultimately leads to the delayed analysis of business performance, slackens […]

Why BCP is As Important as DRP in 2020 And How Back Office Outsourcing Can Help

Several roadblocks lie in the process of running a successful business. One of the most challenging business issues emerges in the event of unforeseen adverse situations like an epidemic or service outage that affects the entire functionality and any or all departments of the organization. Every business is at the potential risk of losing sensitive […]

8 Points To Examine Before Choosing An Accounting Services Partner

accounting-services-outsourcing

Businesses are often challenged when looking for new and technology-driven ways to efficiently organize and run non-core activities of the company, while balancing it well with the core jobs. Organizations are looking at ways to adjust their cost-to-benefit ratio and hence outsourcing accounting services, in order to systematically manage both aspects of business operations. Why […]

Bookkeeping Mistakes That Small Businesses Make and How to Avoid Them

bookkeeping services

Talk about necessary evils and bookkeeping might just be one of them among small business owners. Around 40% of small business owners say that bookkeeping and accounting are the worst aspects of running a company. From one-person businesses to industry giants, no entity can escape the mundane task of account bookkeeping. Even though the job […]

How Back-Office Services Help Scale Businesses: Everything You Need To Know

Back office solutions

The term ‘back-office’ is extremely misleading. Businesses are inclined to believe that back-office tasks are secondary to other activities when in reality, they form a critical part of business processes. Most company managers are reluctant to focus on their back-office necessities considering the lack of visible value it adds to the business. Since most of […]

Key Features To Look For In An Outsourcing Payroll Services Provider In Singapore

Payroll services

Managing company payroll can be chaotic. From employee payments to part-time contractors to keeping tabs on leaves and reimbursements – the task is daunting, to say the least. A single unintentional mistake in maintaining payroll can land employers in serious trouble.  It is estimated that 1 out of 3 business managers have been penalized for […]

5 Ways Bookkeepers Can Get Your Books on Track For Tax Season

Bookkeeping and accounting services

If you own a business, then November can be pretty scary for you. It would mean that you are in the middle of the fourth quarter and you need to get your books in order. Suddenly, you realize that you have a bunch of receipts from the first quarter that you have not yet added […]

5 Reasons to Launch Your Company in Singapore

incorporate singapore company

Every year, the World Bank releases the Ease of Doing Business Report based on a survey conducted amongst 190 countries. For over 10 years, Singapore has ranked among the top 3 countries in the world owing to its business-friendly policies and access to top-of-the-class startup infrastructure. It is no secret that many entrepreneurs from several […]

In-House vs Outsourced Bookkeeping: What Works Best for Small Businesses?

Did you know that more than one-third of small companies presently outsource a business process? Contrary to common perceptions, outsourcing manual or technical tasks is not limited to business giants only. According to a survey conducted by Clutch.co, 52% of small businesses plan to join the category this year. Bookkeeping is one of the major […]

Will you be SMARTer in 2020?

Will You Be SMARTer In 2020?

As we approach the end of 2019, it is time to reflect upon the last 12 months – our successes and our failures – and set goals for the year ahead. For many of us, the start of each year will feel like a fresh beginning – a chance to start again with a clean […]

Affordable Accounting Services in Singapore

Accounting Services in Singapore

Managing the accounts of your company is not an easy task. As sensitive a company’s finances are, business leaders need to proactively keep tabs on daily transactions, receipts, and prepare tax statements when required. This takes up a considerable portion of crucial work hours that could be diverted towards the core activities of the business. […]

How vulnerable is your company to cyber attacks?

What do you picture when you hear the word cybersecurity. Most likely, something distant that only “big companies” should be concerned with. In 2019, multinationals and governments such as Toyota Australia and Singapore’s Ministry of Health have experienced data breaches. Such security breaches can impact any company, big or small, that uses computers or mobile […]

What are the filing requirements for a private limited company in Singapore?

Singapore offers many advantages for businesses but like all places, they have filing requirements in order to meet regulations and maintain compliancy. There are several business types available in Singapore, including corporations and private limited companies, with the latter, or Pte Ltd, being one of the most popular. The Singapore Private Limited Company operates separately […]

The case against payroll in Excel. A tech accountant’s opinion.

Often times, small businesses opt to use Excel for payroll; however, it complicates matters rather than simplifying them. If you are a small business that has employees, it is almost certain, they did not join you expecting to make impressive salaries from the beginning. Granted, everyone ultimately works to get paid, but most employees seek […]

How To Get An EntrePass In Singapore

EntrePass in Singapore

Singapore offers foreign entrepreneurs the chance to qualify for an EntrePass, or Entrepreneur Pass. This pass is a visa specifically designed to entice business savvy and innovative entrepreneurs a way to start a business in Singapore. The motivation behind it is to promote business expansion opportunities to people around the world to be a part […]

Singapore vs Hong Kong: where should you open your company?

Incorporate in Singapore

Deciding between Singapore and Hong Kong to incorporation your company is a common conundrum for entrepreneurs since they are the two largest trading areas in Asia. For several years Hong Kong has been viewed as the business hub, but recently Singapore has gained momentum and in 2017 was rated as #2 by the World Banks […]

5 Key Metrics You Should Track As A CEO To Drive Growth

Key Metrics You Should Track As A CEO To Drive Growth

Business metrics are also known as key performance indicators (KPIs). When you’re running a business, it’s easy to get lost in the day-to-day management of bookkeeping, payroll, payments and the million small things that have to be done every day. But, is that a good use of your time? Tracking these top-level metrics helps ensure […]

Are e-signatures legally binding?

e-signature singapore

The digital era of today provides an array of services at our fingertips faster and easier than ever before. Cloud-based services enable us to access information from multiple devices wherever we are. Products can be purchased from around the world and delivered to our doorstep in a matter of days. And now, we even have […]

Why you should outsource your accounting, even if you’re not a multinational (yet)

Running your own business comes with many demands and stresses. And, whether you’re already in the midst of becoming multinational or merely considering it, as a business owner, it’s probably safe to assume you do not have the time or energy to focus on back office details properly. A very effective option to remedying the […]

10 benefits of cloud accounting that old-style accountants lack

Benefits of cloud accounting

Accounting is the backbone of any business and as one of the most important aspects of a company, there are multiple hours devoted to it on a regular basis. Whether you are an accountant or a small business owner dedicated to taking care of as much as possible hands-on in an effort to stretch your […]

4 reasons why Singapore is a great city for remote company incorporation

Remote companies are one of the trends that have followed the internet boom. When you run a remote company, the questions always comes up: “yes…but, where should I incorporate it?”.  Whereas most countries have a complicated legislation for incorporation, company shareholding, corporate taxes – Singapore has a comprehensive, but overall simple system. Coupled with a […]

Leadership and Back-Office Excellence Propel Startups to Growth

back-office excellenc

We would like to share this article by Titus Schurink, CEO of HPE Growth Capital. “More than half of startups and venture-stage companies will not grow beyond their current size, and may even decrease in scale, for two key reasons: they lack the right management to steer their growth, and they’ve failed to leverage back-office […]

8 Ways To Manage Your Time At Work More Wisely

8 Ways To Manage Your Time At Work More Wisely

Ever lamented about why there are only 24 hours in a day? If you are the owner of a small-and-medium-sized enterprise (SME), this is probably a question you constantly ask yourself about. From strategy, to sales, finance, business development, customer relationship management, accounting, and research and development, your day (and night) is probably chock-a-block with […]

Spread The Love: 5 Business Functions Every SME Owner Should Focus On

There are only 24 hours in a day and as the owner of a small-and-medium-sized enterprise (SME), no one is more aware of this than yourself. This is why when it comes to building up your business, every waking hour you spend should be dedicated to the things that truly matter. Here are the five […]

How a tech company cut 50% of its back office costs in 2 months

How A Tech Company Cut 50% Of Its Back Office Costs In 2 Months

This is how PikoHANA helped a Singapore-based tech company cut more than 50% of its back office expenses in less than two months. Industry: TechnologyYear signed on: 2016Cost savings: More than 50%Onboarding time: 60 daysProductivity improvements: More than 50% The problem Among the many problems this technology firm had, the biggest one was the lack of […]