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Accounting Advisory
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Crypto Accounting Advisory Service
Our team can help you explore appropriate accounting treatment for accounting for holdings in cryptocurrencies, issuance of cryptocurrencies and other crypto/blockchain related accounting issues.
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ESG Reporting and Accounting
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Expected Credit Loss
Our team of ECL modelling specialists combine help clients implement provisioning methodology and processes which are right for them.
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Managed Accounting and Bookkeeping Services
Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.
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Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
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Corporate Finance
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Financial Due Diligence
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Valuations
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Sustainability with the ARC framework
Backed by the CTC Grant, businesses can tap on the ARC Framework to gain access to sustainability internally, transform business processes, redefine job roles for workers, and enhance productivity. Companies can leverage this grant to drive workforce and enterprise transformation.
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Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
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Corporate Tax Compliance
Our corporate tax teams prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and realise tax benefits.
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Tax Governance
Our Tax Governance Services are designed to assist organisations in establishing effective tax governance practices, enabling them to navigate the intricate tax environment with confidence.
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Goods and Services Tax
Our GST team supports organisations throughout the entire business life-cycle. We can help with GST registration, compliance, risk management, scheme renewals, transaction advisory and more.
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Transfer Pricing
Our Transfer Pricing team advises clients on their transfer pricing matters on and end-to-end basis right from the designing of policies, to assistance with annual compliance and assistance with defense against the claims of competing tax authorities.
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Employer Solutions
Our Employer Solutions team helps businesses remain compliant in Singapore as well as globally as a result of their employees' movements. From running local payroll, to implementing a global equity reward scheme or even advising on the structure of employees’ cross-border travel.
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Private Client Services
Our private client services team provides a comprehensive cross section of advisory services to high net worth individuals and corporate executives, allowing such individuals to concentrate on their business interests.
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With more than 80 countries now having agreed to adopt at least the minimum elements of the Base Erosion and Profit Shifting (BEPS) Action Plan, there’s no getting around BEPS.
But partial or modified application in different local markets is creating an even more complex patchwork of requirements than before. A lack of sophisticated tax management capabilities can result in competing demands and a greater risk of tax disputes and double taxation that follows. So what are the complexities facing your business, why are the risks increasing and how can you manage the impact?
Accelerating and simplifying implementation
The acceleration in take-up owes much to the OECD’s introduction of an ‘inclusive framework for the implementation of BEPS’. By focusing on the minimum rather than the broader recommended BEPS standards, the framework aims to encourage states to ‘work collectively on an equal footing and in a co-ordinated manner to level the playing field
No shelter
What does this mean for businesses operating internationally? The growing application of BEPS in both developed and emerging markets worldwide means that it will impact on all firms with an annual turnover above the BEPS threshold (€750 million). And some countries are planning to set much lower qualifying thresholds for the reporting requirements – as low as €45 million in Spain, €50 million in the Netherlands and €100 million in Germany.
Different directions
The new international tax landscape would be reasonably manageable if it were to result in a genuinely level playing field. But selective application and the different pace of implementation across various jurisdictions worldwide actually mean less certainty and consistency than before.
Disparity heightens complexity
These different and possibly competing tax rules multiply the compliance demands. The extra burden will fall most heavily on mid-size MNEs, which tend to lack the well-developed capabilities needed to deal with the increased information gathering, record-keeping and reporting requirements.
Adapt, improvise and overcome
BEPS is still in the early stages of implementation. But it’s already clear that this will be a genuinely global regime, which embraces developed and emerging markets and offers little or no shelters. For the unwary, there are heightened tax risks and exposures. But the ability to anticipate and manage the changes will be a key source of competitive differentiation.
What now?
The impact of BEPS could provide a valuable catalyst for reviewing your operating structures as you look to control costs, improve enterprise-wide oversight and develop the capacity to reach into new, fast growth markets. Read the full article [ 952 kb ] and explore the actions that your business could be taking to address vulnerable areas.