Managing Partner's Message
As we enter Q3 2025, BDO Spotlight provides key insights on audit, tax, and corporate strategy to enhance resilience and growth. This edition covers:
- Strategic Trade Planning: Companies are revising trade strategies due to geopolitical tensions and U.S. tariffs. Singapore's Major Exporter Scheme (MES) helps GST-registered firms maintain cash flow by suspending GST on imports, improving financial efficiency and supply chain resilience.
- Corporate Financial Health: Rising corporate insolvencies in Singapore highlight the need for proactive financial health assessments, focusing on key metrics and accounting red flags to ensure long-term viability.
- Enhanced Deduction Scheme: Singapore Budget 2025 allows tax deductions for employee share schemes involving new share issuance upon payment, enhancing tax efficiency but requiring compliance with forthcoming guidance.
- Governance and Cybersecurity: The 2024 Global Internal Audit Standards strengthen governance through robust internal audits. Security Operations Centres as a Service (SOCaaS) offer scalable cybersecurity solutions for SMEs with business advisory.
By leveraging these insights and embracing strategic adaptations, you can position your organisation for resilience and sustainable growth in an ever-evolving global landscape. Happy reading!
