February 2022


Companies need to raise capital and utilize them efficiently to run the business and realize profits for the shareholders. The business, which engages in the manufacture of goods, requires funds to source the raw materials and transform them into products, sell them to customers, and collection of the sale proceeds in time. Careful movement of funds through this cycle requires a financial manager and opt for financial decisions.

Organizations and businesses need financial management to reach business targets and realize rich dividends. Hence, it is essential for the following:

  • Financial planning 
  • Sourcing and managing the finances
  • Allocation of funds 
  • Helps in important financial decision making
  • Controls financial costs
  • Improves organization value and profitability
  • Helps in future growth and maintains economic stability

You can approach Joseph Stone Capital for help in efficiently managing your company’s finances and reap rich dividends in the short to medium term. 


Financial Management objectives include mobilization of funds, utilization of funds efficiently, proper financial controls, reducing the risks, and improving the business survival. The main objective of any business is to maximize profits in the short, medium, and long terms. It is the top priority for any finance manager in your organization. 

Proper management of finances is essential for any organization to thrive and boost profits. The role of the finance manager is vital to properly allocate the funds after evaluating the proposals and foreseeing the risks rather than spending all of the capital at hand in one go. 

The finance manager is responsible for allocating funds to all the departments efficiently considering the necessity and work involved. It should play an essential role in enhancing the profitability of your organization.

Running a business consists of a lot of risks. The finance manager should evaluate the complex situations, make the right decisions in allocating the funds to riskier assets, and set aside certain funds to manage the critical situations. Financial managers can seek the advice of experts and subject matter professionals at Joseph Stone Capital in such complex situations. 


The role of the finance manager is to ensure the survival of the business even in difficult situations like the recent shutdown caused by the spread of coronavirus, strikes, and other unavoidable situations. Expert advice can be sought to overcome difficult situations. 

Key elements

The basic elements of financial management are Financial Planning, Financial Control, and Financial Decision Making. In financial planning, the finance manager needs to estimate the capital required for the organization considering the factors: the long-term plan, established business targets and objectives, funds necessary to sustain the business, and the regulations and policies governing the business.

Improving the awareness of business targets and financial goals to every employee engaged in the decision-making is essential to achieve success. It also involves proper managing of the funds to meet business targets rather than focusing on cost-cutting measures itself. Understanding the financial aspects and a proper plan is essential for resource allocations, funding, and profit distributions. 

Preparation of the budget

The financial manager needs to collect the budget for the financial year for business targets, fund requirements, and expenses for working needs, running day-to-day operations, marketing, product developments, and interests on the borrowed funds, litigations, etc. The management will debate on the budget and decide on how to source funds for the business. Various avenues for funds include debt, equity, and private capital. 


An important portion of every business’s accounting actions is establishing and filing annual financial records and Choose a Financial Year End Date for your Company. These records are commonly computed according to either the calendar year or the corporation’s fiscal year. Knowledge of what a fiscal year-end is and what operating on a fiscal year means are crucial fractions of running a business.

The decision to choose a Financial Year End Date for your Company is entirely up to you as a business holder, but there are many characteristics to deem.

The date you select will influence when you pay tax on your earnings. While aligning your accounting date with the tax year may be a reasonable option, it is important for a thriving business that you should deem.

  1. For incorporated companies, an accounting date will infer the payment date of the tax. The business should have adequate money to reimburse the tax liability when it comes to being due.
  2. For an unincorporated business, earnings for a tax year are agreed at the accounting date in that tax year.
  3. The faster in the tax year you appoint as your accounting year-end, the longer you will have to reimburse tax on your earnings. As a result:-
  • Where your earnings are improving, your tax bill will increase further gradually.
  • Where your earnings are plunging, it will take longer for any deduction in your tax bill to take impact. Nonetheless, if your earnings are plummeting you can shift your accounting date to later in the year.
  1. Although there is a cash flow benefit to having an earlier year-end, you should give rise to an expenditure for the higher liability when the business ceases.
  2. Utilizing an accounting year-end of 5 April or 31 March is a reasonable means to pertain to the current year’s purpose of assessment.
  3. The later in the tax year the accounting date falls, the shorter the period in which to make the related tax payment, and therefore the greater the risk of incurring a penalty for late payment.
  4. Throughout the life of your company, you will just be taxed once on your earnings.
  • Due to the effect of inflation, it is apparent that your extension assistance will be worthless in the future. For this explanation, it is adequate to select a 31 March accounting year-end.
  • If your earnings were elevated in the first years than they are present, there may be a sudden tax advantage in altering your accounting date.
  1. Where profits are seasonal, specifying a date before a peak in your profitability will halt the payment of tax.
  2. Finalizing year-end summaries can be a time-consuming procedure and so it is adequate to select a time of year when you are limited busy. Generally, you will require to carry out a stock take and make sure you have correctly esteemed your debtors and creditors.
  3. When you finally discontinue your business, the early in the tax year of the date of your final accounting year-end, the shorter the revenues that will be examined in the final tax year.

An accounting year-end is not set in pebble when first selected. The components above may impact your judgment to shift an accounting date at any time. Appoint a nominee director from Heysara and provide us the chance to uplift your business and come in a count of topmost businesses in Singapore.


We all know that a key factor for growth in any business is investing. You need to invest in various parts of your business, including your people, your product, and one that people often overlook; your premises.

Your premises plays a key role in the perception and the performance of your business. If you haven’t considered investing in your premises already, here are the main benefits of doing so. 

Appearances Matter

As a business, it’s likely that you’ve invested a large amount of time and money to present the best possible brand image to your customers. All this hard work can go to waste if you neglect your premises. 

Your customers could drive past and be disheartened to see that don’t care about your workplace. This reflects poorly on your company. 

A well-presented business, however, will impress customers and encourage them to keep spending their money with you! 

Your Employees will be Proud

We mentioned earlier that you need to invest in your people, and improving your workspace is a great way to do that! One of the best ways to do this is to hire a facilities management company

The right facilities management company can offer you multiple services. For starters, they can ensure that your staff are safe with comprehensive security services. They can also help to maintain the health of your staff with extensive cleaning services. Finally, they can ensure that the exterior of your business looks pristine at all times with landscaping services. 

All of these factors will make your employees very proud to work for you, which will motivate them to work as hard as possible for you! 

It will Impress your Clients

When you invite guests over to your home, what’s one of the first things you do? You clean your house. This is because you want to impress them with how nice your home is. 

To impress your clients, you need to take the same approach. Having a pristine workplace will ensure that you make a great impression on both your new and existing clients. 


Don’t fall into the common trap of viewing your workplace as another expense. Instead, view an investment into your workplace as a chance to grow your business and give back to your staff! 

Business entities across the globe have to report financial performances based on IASB [International Accounting Standard Board]. IASB has issued International Financial Reporting Standards that are widely used to measure the company’s financial health. Every company started on or after 1st January 2003 has to adhere to SFRS.

Complexities of Singapore Financial Reporting Standards

In Singapore, there is a majority of Small & Medium-sized entities [SMEs]. The SMEs were not feeling confident about their compliance status. If SMEs comply with the full SFRS [Singapore Financial Reporting Standards] their valuable small resources are burdened. To resolve this issue, the IASB issued IFRS focused on SMEs around the world. The key question that arises among SMEs is which account reporting standard to comply with – full SFRS or SFRS for small entities.

Bookkeeping and accounting are crucial components of every successful corporation. From its core functions associated with payments, bookkeeping, and audits to tax advice, preparation, and reassurance, there is not a single part of the business that doesn’t involve an accountant.

It is universally approved that the importance of accounting in Singapore or anywhere around the world cannot be ignored. The standards in Singapore are called SFRS or Singapore Financial Reporting Standards. In Singapore, there are 41 different standards like FRS 1, FRS 2, etc. Everyone covers specific topics like financial statement presentation, revenue recognition, inventories accounting, etc. It is sensible to take professional help from trustworthy and experienced Jaz Corporate Pte Ltd.

Importance of Account Services To Your Business

Advice on compliance to SFRS 

Until a couple of months ago every entity registered in Singapore adhered to full SFRS regardless of its size. Now, there is an introduction of simplified or new SFRS for SE. Companies have to review their business nature and growth plans before they adopt the standards.

Professional accountants can help you to identify which standard to comply with – full SFRS or simplified SFRS for SE. They will take into consideration the challenges like future plans, transition cost, financing, and impact on other holding companies [if any].

Offers insightful financial analysis

The business goal is to look for opportunities that help them expand. An in-depth and detailed accounting analysis can help to manage the key costs as well as identify business opportunities. When your business grows its capacity and complexity also escalates. Efficient accounting analysis can help to keep cash flow smooth and scale business opportunities efficiently at optimal costs.

Offer robust financial statement

Accounting is not just counting money. It is also about monitoring every transaction in a systematic way including the sales, expenses, payments, and reimbursements. Professionals make sure that the bookkeeping and accounting performance of each department is documented properly. It can be crucial to evaluate employee performance, make core business decisions, or even if there is a need for tax audits.

Offer vital tax service and advice

Accountants are the first point of contact when the subject is about business tax planning, preparing, and filing. Every SME needs professional help from accounting services to prepare their annual tax statement to file their yearly returns. Tax reporting does not feel time-consuming and overwhelming as professionals ensure that timelines are maintained and returns are prepared properly.

Focus better on business growth

You started a business to expand and flourish. Therefore, focus on what you are good at rather than keeping up with the bookkeeping and accounting elements. Financial matter handling needs plenty of attention to the nitty-gritty and staying updated about the protocols associated with tax laws.

If you spend time understanding the financial reporting standards and tax laws then the core business activities you are passionate about will suffer. Therefore, shift financial responsibilities on competent accounting services in Singapore.

Cash flow management

Cash is crucial for business survival. Financial status determines your business’s success or collapse. At the time of significant business growth, you feel tempted to ignore accounting tasks. Lack of accounting can lead to mismanagement of collections or financial analysis. This can soon lead your business to the verge of bankruptcy.

Improper cash flow management is risky and becomes the core cause of business failure without your knowledge. Hiring a reliable accounting firm is helpful because they are skilled in proper cash flow management.

Timely payments

Bills need to be paid on time, if ignored you will have to handle unhappy vendors as well as lose discounts. Invoicing delays can jeopardize business cash flow. A committed accounting firm will ensure that your payments and invoicing process are on time. This defines the healthy status of your business finances.

Partnering with credible Singapore accounting services means you tap in well-trained and vast experienced staff. Regardless of the business size, they are focused on making the right financial decision, especially financial reporting standards and tax matters. If your company accounts are being neglected and need extra attention then choose a reliable accounting firm in Singapore with talent and resources to enhance your financial status.


If you want to start a business in 2022, then it’s the right place. Today we talk about the latest online business ideas you should invest in right now.

Online Copy Center

The essence of the online business idea is simple, but original. Surely you have come across a situation where you need to print some documents, but you do not have a printer at home, and there is no copy center nearby. What to do? This question will be answered by the online copy center service.

The essence of the idea is as follows: the client sends you an electronic file with text by email. These can be term papers and theses, electronic tickets, photographs, etc. You print them, staple them if necessary, pack them and send them to the customer via courier. That’s the whole scheme. Documents can be edited for a fee. 

Music industry online

Promote a brand and get a percentage from the sales. You can start promoting new musicians and there will be a big chance to get those musicians into the level of Beyonce, Ja-Rule, etc. Yes, it will take years but in the end, it always pays off. Nowadays, music companies don’t have big obstacles – you don’t need to know people on the radio, TRL, MTV, etc. There are services like Spotify, SoundCloud and other platforms that can deliver your music to another level. You can buy Spotify streams PayPal integrated to jump-start the music campaign. Then ask the musician to stick with a particular schedule and bring new track over the particular time to keep the marketing campaigns online

Maintenance of pages in social networks

Social media marketing is an online business that provides services for effective promotion on Internet sites. As soon as companies appeared on social networks, the SMM sphere has spread and today is a necessary part of the advertising campaign for many companies. Now the service is in great demand in the market. A competent specialist will be able to create a successful business on this. You can start with a zero budget – and independently search for orders. And then, in the future, having built up a client base and gained experience, opened a full-fledged social media management studio that unites several specialists.

Conducting transformational games online

What is the meaning of the game practice business? The essence is in the very word “gaming practitioner”. One way or another, the game being played is connected with practice, with reality: work and business, social, family and personal life. In other words, gaming specialists conduct games in the format of training on various topics. 

As a rule, the presenters are active business representatives, coaches, psychologists, advertising specialists, specialists in narrow areas of activity, but there are no strict conditions for the presence of a particular education or diploma. Today, it is better and more profitable to conduct psychological transformational games with psychological cards not in person, but online, by launching a business at online events with virtually no investment.