Day: December 25, 2014

It was reported by IRAS recently that a roasted meat wholesaler was convicted in Court for failing to declare sales income amounting to $3.5 million in its income tax returns and also understating GST output tax totaling more than $220,000 in its GST returns. Accordingly, the company director was fined $42,000 and sentenced to 6… Continue reading The Pitfalls of Outsourcing Preparation of Accounts and Tax Filings to Freelance Accountants