{"id":1863,"date":"2023-08-23T18:03:20","date_gmt":"2023-08-23T10:03:20","guid":{"rendered":"https:\/\/helmitalib.netizen.works\/?page_id=1863"},"modified":"2026-05-13T15:52:56","modified_gmt":"2026-05-13T07:52:56","slug":"insights","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/insights\/","title":{"rendered":"Insights"},"content":{"rendered":"\n\n\t<p>Our team at Kreston Helmi Talib is always on the lookout for industry news, and updates that are relevant to our clients whilst we share our insights on how each can impact businesses. Stay tuned to our latest releases to keep abreast of solutions, recommendations, and fresh perspectives on pressing issues brought about by the changing business landscape, and global headwinds.<\/p>\n\t<h2>\n\t\t\t\t\tMore\n\t\t\t\tIndustry Insights\n\t\t\t<\/h2>\n\t<h5>\n\t\t\t\t\tAmendments to IAS 21 (Lack of Exchangeability)\n\t\t\t<\/h5>\n\t<p>The existing International Accounting Standards (IAS) 21, otherwise known as &#8216;The Effects of Changes in Foreign Exchange Rates&#8217;, provides guidelines and references for companies in using a spot exchange rate or rate for immediate delivery to report foreign currency transactions, present financial statements in a different currency, or translate a foreign operation.<\/p>\n<p>As businesses expand and the world grows smaller, challenges start to arise, resulting to the need for the standard to evolve alongside the market demands.<\/p>\n\t\t\t<a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7099661492681142272\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\tSee More\n\t\t\t<\/a>\n\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/05\/Transaction-Services-1.webp\" alt=\"Liquidation and Receivership\" itemprop=\"image\" height=\"800\" width=\"1200\" title=\"Transaction Services\" onerror=\"this.style.display='none'\" loading='lazy' src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 1200px; --smush-placeholder-aspect-ratio: 1200\/800;\" \/><noscript><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/05\/Transaction-Services-1.webp\" alt=\"Liquidation and Receivership\" itemprop=\"image\" height=\"800\" width=\"1200\" title=\"Transaction Services\" onerror=\"this.style.display='none'\" loading='lazy' \/><\/noscript>\n\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/05\/Singapore-.webp\" alt=\"Singapore\" itemprop=\"image\" height=\"675\" width=\"1200\" title=\"Singapore\" onerror=\"this.style.display='none'\" loading='lazy' src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 1200px; --smush-placeholder-aspect-ratio: 1200\/675;\" \/><noscript><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/05\/Singapore-.webp\" alt=\"Singapore\" itemprop=\"image\" height=\"675\" width=\"1200\" title=\"Singapore\" onerror=\"this.style.display='none'\" loading='lazy' \/><\/noscript>\n\t<h5>\n\t\t\t\t\tFinal GST Rate Change Effective 01 January 2024 &#8211;\n\t\t\t\t\tWhat does this mean for your Business?\n\t\t\t<\/h5>\n\t<p>Starting 01 January 2024, the second Goods and Services Tax (GST) rate increase will be in effect. One of our Tax Directors,\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/ACoAACRtb7QB1Wp727HXWr04srpRQTLMggP4lio\" data-attribute-index=\"0\" data-entity-type=\"MINI_PROFILE\" target=\"_blank\" rel=\"noopener\">Sharifah Nabihah Syed Mahmood<\/a>\u00a0has summarised a list of reminders, solutions, and preparations you can refer to for another seamless transition.<\/p>\n\t\t\t<a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/final-gst-rate-change-effective-01-january-2024\/\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\tSee More\n\t\t\t<\/a>\n\t<h5>\n\t\t\t\t\tThe Role of Generative AI in the\n\t\t\t\t\tAccounting Profession\n\t\t\t<\/h5>\n\t<p>With the rise of using humanoid Artificial Intelligence in the workplace, where do accountants find the balance between the benefits and doom it brings?<\/p>\n\t\t\t<a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7081904726346256384\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\tSee More\n\t\t\t<\/a>\n\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/08\/Amendments-to-IAS-21-Lack-of-Exchangeability.png\" alt=\"AI in the Workplace\" itemprop=\"image\" height=\"1536\" width=\"2048\" title=\"AI in the Workplace\" onerror=\"this.style.display='none'\" loading='lazy' src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 2048px; --smush-placeholder-aspect-ratio: 2048\/1536;\" \/><noscript><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/08\/Amendments-to-IAS-21-Lack-of-Exchangeability.png\" alt=\"AI in the Workplace\" itemprop=\"image\" height=\"1536\" width=\"2048\" title=\"AI in the Workplace\" onerror=\"this.style.display='none'\" loading='lazy' \/><\/noscript>\n\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/03\/Amendments-to-IAS-21-Lack-of-Exchangeability.webp\" alt=\"Amendments-to-IAS-21-Lack-of-Exchangeability\" itemprop=\"image\" height=\"1536\" width=\"2048\" title=\"Amendments-to-IAS-21-Lack-of-Exchangeability\" onerror=\"this.style.display='none'\" loading='lazy' src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 2048px; --smush-placeholder-aspect-ratio: 2048\/1536;\" \/><noscript><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/03\/Amendments-to-IAS-21-Lack-of-Exchangeability.webp\" alt=\"Amendments-to-IAS-21-Lack-of-Exchangeability\" itemprop=\"image\" height=\"1536\" width=\"2048\" title=\"Amendments-to-IAS-21-Lack-of-Exchangeability\" onerror=\"this.style.display='none'\" loading='lazy' \/><\/noscript>\n\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/06\/International-Presence.webp\" alt=\"International Presence\" itemprop=\"image\" height=\"1266\" width=\"1900\" title=\"International Presence\" onerror=\"this.style.display='none'\" loading='lazy' src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 1900px; --smush-placeholder-aspect-ratio: 1900\/1266;\" \/><noscript><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2023\/06\/International-Presence.webp\" alt=\"International Presence\" itemprop=\"image\" height=\"1266\" width=\"1900\" title=\"International Presence\" onerror=\"this.style.display='none'\" loading='lazy' \/><\/noscript>\n\t<h5>\n\t\t\t\t\tWhy Outsourcing your Accounting Needs\n\t\t\t\t\tis the New Normal\n\t\t\t<\/h5>\n\t<p>Statutory compliance is getting stricter by the day. Along with the global economic decline, rapidly changing market demands and countless other challenges, keeping up with the standards and focusing on profit-generating areas of the business may not be an easy task.<\/p>\n<p>This is where outsourcing your accounting needs to the experts may be a viable solution.<\/p>\n\t\t\t<a href=\"https:\/\/www.helmitalib.com\/why-outsourcing-your-accounting-needs-is-now-the-new-normal\/\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\tSee More\n\t\t\t<\/a>\n\t<h5>\n\t\t\t\t\tStep-by-step Guide\n\t\t\t\t\tin Incorporating to Singapore\n\t\t\t<\/h5>\n\t<p>Before maximising Singapore&#8217;s rapid economic growth, the following requirements are note-worthy for a quick and continuous application process. You can prepare these by going through the list or you can assign a filing representative and expert agents who will complete the documents and processes on your behalf.<\/p>\n\t\t\t<a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/step-by-step-guide-in-incorporating-a-company-in-singapore-2023\/\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\tSee More\n\t\t\t<\/a>\n\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/03\/Website-Banner.webp\" alt=\"Website Banner\" itemprop=\"image\" height=\"1080\" width=\"1920\" title=\"Website Banner\" onerror=\"this.style.display='none'\" loading='lazy' src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 1920px; --smush-placeholder-aspect-ratio: 1920\/1080;\" \/><noscript><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/uploads\/2024\/03\/Website-Banner.webp\" alt=\"Website Banner\" itemprop=\"image\" height=\"1080\" width=\"1920\" title=\"Website Banner\" onerror=\"this.style.display='none'\" loading='lazy' \/><\/noscript>\n\t<h2>\n\t\t\t\t\tFind Solutions \n\t\t\t\tUnique\n\t\t\t\t\tto your Needs\n\t\t\t<\/h2>\n\t<h2>\n\t\t\t\t\tContact\n\t\t\t\t\tUs\n\t\t\t<\/h2>\n\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/plugins\/bb-plugin\/img\/pixel.png\" alt=\"\" itemprop=\"image\" onerror=\"this.style.display='none'\" loading='lazy' src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><noscript><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/krestonhelmitalib.com.sg\/wp-content\/plugins\/bb-plugin\/img\/pixel.png\" alt=\"\" itemprop=\"image\" onerror=\"this.style.display='none'\" loading='lazy' \/><\/noscript>\n\t<script>\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 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d=gform.hooks[o][r];null==n&&(n=r+\"_\"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){\"function\"!=typeof(t=o.callable)&&(t=window[t]),\"action\"==r?t.apply(null,e):e[0]=t.apply(null,e)})),\"filter\"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}});\n<\/script>\n\n                <div class='gf_browser_gecko gform_wrapper gravity-theme gform-theme--no-framework' data-form-theme='gravity-theme' data-form-index='0' id='gform_wrapper_1' >\n                        <div class='gform_heading'>\n                            <p class='gform_description'><\/p>\n\t\t\t\t\t\t\t<p class='gform_required_legend'>&quot;<span class=\"gfield_required gfield_required_asterisk\">*<\/span>&quot; indicates required fields<\/p>\n                        <\/div><form method='post' enctype='multipart\/form-data'  id='gform_1'  action='\/wp-json\/wp\/v2\/pages\/1863' data-formid='1' novalidate>\n                        <div class='gform-body gform_body'><div id='gform_fields_1' class='gform_fields top_label form_sublabel_below description_below validation_below'><fieldset id=\"field_1_1\" class=\"gfield gfield--type-name gfield--input-type-name gfield_contains_required field_sublabel_hidden_label gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/legend><div class='ginput_complex ginput_container ginput_container--name no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name gform-grid-row' id='input_1_1'>\n                            \n                            <span id='input_1_1_3_container' class='name_first gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.3' id='input_1_1_3' value=''   aria-required='true'   placeholder='First Name'  \/>\n                                                    <label for='input_1_1_3' class='gform-field-label gform-field-label--type-sub hidden_sub_label screen-reader-text'>First<\/label>\n                                                <\/span>\n                            \n                            <span id='input_1_1_6_container' class='name_last gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.6' id='input_1_1_6' value=''   aria-required='true'   placeholder='Last Name'  \/>\n                                                    <label for='input_1_1_6' class='gform-field-label gform-field-label--type-sub hidden_sub_label screen-reader-text'>Last<\/label>\n                                                <\/span>\n                            \n                        <\/div><\/fieldset><fieldset id=\"field_1_2\" class=\"gfield gfield--type-email gfield--input-type-email gfield--width-full gfield_contains_required field_sublabel_hidden_label gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/legend><div class='ginput_complex ginput_container ginput_container_email gform-grid-row' id='input_1_2_container'>\n                                <span id='input_1_2_1_container' class='ginput_left gform-grid-col gform-grid-col--size-auto'>\n                                    <input class='' type='email' name='input_2' id='input_1_2' value=''   placeholder='Enter Email' aria-required=\"true\" aria-invalid=\"false\"  \/>\n                                    <label for='input_1_2' class='gform-field-label gform-field-label--type-sub hidden_sub_label screen-reader-text'>Enter Email<\/label>\n                                <\/span>\n                                <span id='input_1_2_2_container' class='ginput_right gform-grid-col gform-grid-col--size-auto'>\n                                    <input class='' type='email' name='input_2_2' id='input_1_2_2' value=''   placeholder='Confirm Email' aria-required=\"true\" aria-invalid=\"false\"  \/>\n                                    <label for='input_1_2_2' class='gform-field-label gform-field-label--type-sub hidden_sub_label screen-reader-text'>Confirm Email<\/label>\n                                <\/span>\n                                <div class='gf_clear gf_clear_complex'><\/div>\n                            <\/div><\/fieldset><div id=\"field_1_3\" class=\"gfield gfield--type-phone gfield--input-type-phone gfield--width-full gfield_contains_required field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_1_3'>Phone<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_3' id='input_1_3' type='tel' value='' class='large'  placeholder='Phone' aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_1_4\" class=\"gfield gfield--type-textarea gfield--input-type-textarea gfield--width-full gfield_contains_required field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_1_4'>Message<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_4' id='input_1_4' class='textarea large'    placeholder='Message' aria-required=\"true\" aria-invalid=\"false\"   rows='10' cols='50'><\/textarea><\/div><\/div><fieldset id=\"field_1_6\" class=\"gfield gfield--type-consent gfield--type-choice gfield--input-type-consent gfield--width-full gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Terms &amp; Conditions<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/legend><div class='ginput_container ginput_container_consent'><input name='input_6.1' id='input_1_6_1' type='checkbox' value='1'   aria-required=\"true\" aria-invalid=\"false\"   \/> <label class=\"gform-field-label gform-field-label--type-inline gfield_consent_label\" for='input_1_6_1' >I have read and understood the Terms & Conditions.<\/label><input type='hidden' name='input_6.2' value='I have read and understood the Terms &amp; Conditions.' class='gform_hidden' \/><input type='hidden' name='input_6.3' value='1' class='gform_hidden' \/><\/div><\/fieldset><fieldset id=\"field_1_7\" class=\"gfield gfield--type-consent gfield--type-choice gfield--input-type-consent gfield--width-full gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Privacy Policy<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/legend><div class='ginput_container 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