ASH NEWS BITES
OCTOBER 2026 EDITION
IN THE SPOTLIGHT
A NEW MILESTONE FOR ACCOUNTING SUPERHERO
WHAT’S NEW IN XERO
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BLOG OF THE MONTH
7 Things to Check Before Closing Your Company
Closing company is not simply an ACRA process. Before you apply for strike-off, make sure your company's tax matters are settled with IRAS.
NEWS AND INFO
Singapore’s digital economy employs 222,000 and accounts for 20% of GDP: IMDA
Singapore’s digital economy grew to S$144.1 billion in 2025, contributing 19.3% of GDP, while its tech workforce reached 222,200 professionals. The growth highlights the increasing role of digitalisation across industries, including finance, manufacturing and wholesale trade.5 Mary Chia companies owe close to $153,000
in CPF arrears
Five subsidiaries of Mary Chia Holdings owed S$152,932 in outstanding CPF contributions as of October 8, following partial payments, with the cases adjourned to November 12 as the companies work towards settling their arrears.
TIPS AND TRICKS
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