With the first phase of the GST increase behind us, the impact on businesses and consumers is evident. Some companies absorbed the cost and used the increase as a marketing opportunity to demonstrate customer loyalty. Others quietly made price adjustments with customers aware of the upcoming change.

Now that we have passed the first phase, it is time to start preparing for the second, aiming for the smoothest transition possible.

The so-called ‘September Surge’ has generated a lot of buzz in recent months - five billion views on TikTok, to be exact. As a result, jobseekers have been preparing for a dynamic job market, with organisations ramping up their hiring at unprecedented rates. The concept is seen as a saving grace by job seekers and recruiters alike, who have been stifled by reduced headcounts and a passive job market over the last few years.

But here’s the twist – does the September Surge even exist? Some experts debate whether it’s real, emphasising that there are other times of the year to pay just as much attention to.

Singapore offers incredible advantages for those keen to launch a business thanks to a favourable commercial environment and strategic location.

But to make the most of them, you need to understand Singapore's tax incentives.

Here are five tax incentives that draw investors and entrepreneurs each year:

Take a quick peek at our latest 5 Minutes With Ranjini Padattil, our Finance Associate at Accela Finance. She provides insights into Accela's work ethic and shares her favourite snack.

Spirits are high for Asia’s growing cocktail scene. Throughout the region, homegrown mixology talents are showcasing their creativity and cultural heritage, driving the cocktail industry forward at an exciting rate.

The Asian economy is reaping the benefits, as consumer spending on beer, spirits, and wine continues to grow rapidly, as has Asia’s global reputation as a leading cocktail destination.

A remarkable trend has been shaping the business landscape in recent years, propelling businesses that prioritise simplifying daily tasks and enriching leisure time.

This movement, aptly named the "lazy economy," is rapidly gaining traction, creating countless on-demand at-home service platforms and last-mile delivery startups.

The modern world has disrupted the notion of a stable and predictable career path. Technological advancements, political instability and the pandemic have given way to a volatile and ambiguous job market felt by individuals, companies, and economies globally.

So, how is Singapore tackling the fluctuating job market? The answer lies in a simple yet highly effective solution: ‘second skilling’.

Filing your IRAS corporate income tax returns might seem like a daunting task, especially if you have recently launched a business or contemplating starting one in Singapore. The pressure of meeting submission deadlines can be overwhelming, potentially casting a cloud over your business's reputation and financial stability.

However, with a well-thought-out strategy, this compliance journey can be both manageable and enlightening.

Amidst the evolving landscape of Singapore's labour market, two prominent reports have shed light on the prevailing trends shaping the nation's workforce in 2023.

With almost a decade of experience providing professional services to new and growing businesses in Singapore, Accela Group is at the forefront of empowering Singapore’s entrepreneurs to capitalise on these trends.

Here are three key trends reshaping the current economy and ways to make them work for your business.