XBRL Filing

XBRL stands for eXtensible Business Reporting Language, a language used in computers to present financial statements such that they can be retrieved from online records and transferred directly to users such as auditors, regulators, financial analysts for various purposes. More information on XBRL can be found at http://www.xbrl.org.

Tax Deduction for Expenditure Incurred on Renovation or Refurbishment Works

You are eligible to claim a tax deduction for capital expenditure on fixtures, fittings and installations incurred during the period from 16 February 2008 to 15 February 2013 when you undertake renovation or refurbishment works (“R&R costs”) on your business premises.

The New Accounting Standard for Small Entities

The Singapore Accounting Standards Council (ASC) issued a Statement of Intent for the adoption of the Financial Reporting Standard for Small Entities (FRS for Small Entities) in June 2010.