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OCi System Pte Ltd - since 2006, 81 Ubi Avenue 4, #06-20 UB One, Singapore (2026)

05/10/2026

UOB just made it harder for SMEs to say AI is "too expensive."

AI Ready 2.0, launched with IMDA, adds enhanced financing and hands-on prototyping workshops to a programme that has already worked with 600 SMEs since July 2025. The target is 3,000 by year three.

Money and training are coming off the bench. If your excuse was resources, it just got thinner.

Source: Fintech Singapore, 30 Sep 2026 - https://fintechnews.sg/138309/ai/uob-ai-sme-financing-workshops/

25/09/2026

MTI just made the case for design as a business capability, not just a creative function. At the Design Business Chamber Singapore Gala Dinner on 10 September, Minister of State FOC outlined the direction for Singapore's design economy - Design 2035.

The headline for the business community: Singapore's design economy is being groomed as a growth sector. Design firms, creative studios, agencies of every size are part of the plan.

Here's the SME translation. The design economy runs on projects. Client work, retainers, milestones, invoices tied to deliverables. Creative firms live in that rhythm - and it creates a specific set of back-office needs. Project-based billing. Expense tracking per client. Cash flow that arrives in lumps, not salaries.

Which means a design studio has more in common with a construction firm than you'd think. The accounting is project-shaped.

And project-shaped accounting is exactly where generic tools fall short. Invoice templates don't track which milestone you're billing against. Spreadsheets don't tell you which client is actually profitable.

Creative firms didn't get into design to reconcile ledgers. But the firms that grow are the ones whose admin doesn't eat the margin.

OCi System handles the boring parts - project billing, expense tracking, financial reporting - so creative firms can focus on the work that got them into this business in the first place.

Source: Ministry of Trade and Industry, 10 Sep 2026
https://www.mti.gov.sg/newsroom/speech-by-minister-of-state-foo-cexiang-at-the-design-business-chamber-singapore-gala-dinner/

21/09/2026

MAS flagged a gap every SME should hear about. At the Global Finance and Technology Conference on 11 September, Managing Director Chia Der Jiun noted that corporate AI adoption is progressing rapidly - but fewer companies report significant productivity gains.

Adoption is up. Gains aren't following. Why?

MAS pointed to the missing links: training and responsible implementation. Companies that pair AI tools with proper training and clear governance see the gains. Companies that deploy the tools and walk away don't.

Read that again. The gap isn't the technology. It's everything wrapped around the technology.

For SME owners, this changes how you should approach AI. Don't start with the most complex tool. Start where the rules are clear, the data is structured, and the controls are built in.

Accounting is that place. Your books run on defined rules. Every entry has a place. Good accounting software comes with controls and audit trails already embedded - you get the automation benefits without inventing governance from scratch. And when your team learns to run the system properly, the productivity gains MAS describes become real.

AI bolted onto broken processes just makes mess faster. AI on a clean foundation compounds.

OCi System gives SMEs that foundation - structured accounting, built-in controls, and a system your team can actually master.

Source: Monetary Authority of Singapore, 11 Sep 2026
https://www.mas.gov.sg/news/speeches/2026/building-the-financial-system-of-the-future---trusted-connected-and-resilient-by-md-for-gff-2026

18/09/2026

EnterpriseSG just announced BizSG at the SME Centre Conference on 9 September. Here's what it actually means for SME owners.

BizSG is an AI-powered initiative to help businesses access government support. The flagship feature: an AI-powered grant recommender that matches your business to relevant grants automatically. No more scrolling through eight different agency websites wondering what you qualify for.

Alongside it, the Enhanced Leadership Transformation (ELT) programme gets a refresh - SME leaders now get paired with dedicated Business Advisors through the SME Centres.

This is where government support is heading. AI-first. Proactive. Data-driven.

Which creates a quiet divide. SMEs already running on digital accounting plug into this world easily. When a grant matches, they pull the numbers, check eligibility, apply. SMEs still on spreadsheets feel the gap widen. The recommender finds the grant - but you still need clean financial records to act on it.

That's the part nobody announces at conferences. Discovery is being solved by AI. Acting on discovery still requires your books to be in order.

OCi System keeps your financials current, structured, and ready. When BizSG surfaces a grant match, you move - not scramble.

Source: Enterprise Singapore, 9 Sep 2026
https://www.enterprisesg.gov.sg/resources/media-centre/speeches/2026/september/opening-address-by-ms-low-yen-ling-at-the-2026-sme-centre-conference

14/09/2026

IRAS just updated its tax computation guidance. Updated 7 September 2026.

Most SME owners know they need to file Form C-S. Fewer know that IRAS requires a tax computation and supporting schedules prepared *before* you even start the form. Even if you file Form C-S and don't submit financial statements, IRAS can ask for them anytime. If you can't produce them, that's a problem.

The updated guidance covers a scenario that catches a lot of businesses off guard: changing your financial year end.

Here's why it matters. Change your FY end and your basis periods shift. If the change crosses two Years of Assessment, you need to prepare two separate tax computations and apportion your adjusted profit between them. You may also need to request a waiver of one year's Corporate Income Tax Return via myTax Mail, then file both YAs together in the following year's return.

Miss that and your filings are late. Late filings mean penalties.

Example from IRAS: if your FY end moves from 31 Dec 2025 to 31 Mar 2026, you prepare one tax computation for YA 2026 (12 months, Jan to Dec 2025) and another for YA 2027 (3 months, Jan to Mar 2026). Two computations. Two basis periods. One deadline each.

The updated page also clarifies two other things. SMEs using the new SFRS for Small Entities should expect minimal tax impact, except for financial instruments, PP&E, R&D costs, and borrowing costs. And companies reporting in a foreign functional currency must still declare all amounts in SGD on the tax return.

The lesson for SME owners: your accounting system needs to track basis periods, profit apportionment, and adjustment schedules as first-class data - not something you reconstruct from spreadsheets the week before filing.

OCi System keeps your books computation-ready year-round. When your FY end changes, the numbers follow.

Source: IRAS, 7 Sep 2026
https://www.iras.gov.sg/taxes/corporate-income-tax/form-c-s-form-c-s-(lite)-form-c-filing/preparing-a-tax-computation

11/09/2026

IRAS published its FY2025/26 Annual Report on 4 September. $97.3 billion collected, up 9.4%. Most of it is national headline stuff. But buried inside are three numbers every SME owner should read carefully.

Number one. $589 million recovered from 8,560 audit and investigation cases. That's enforcement, not collection. IRAS audited businesses and individuals, found gaps, and recovered nearly six hundred million in taxes and penalties. The average recovered per case is close to $69,000. If your records are messy, an audit finds it.

Number two. The arrears rate is 0.64%. That's the share of assessed tax that goes unpaid. It's low because most taxpayers pay on time, and because IRAS follows up on the ones who don't. Compliance is the norm in Singapore. Which means the non-compliant stand out more.

Number three. Close to $1.2 billion in payouts processed to about 126,200 businesses through schemes like the Progressive Wage Credit Scheme, Senior Employment Credit, and CPF Transition Offset. Support flows to businesses - but you have to be set up to receive it. Clean records. Proper filings.

Put the three together and the picture for SMEs is clear. IRAS is collecting more, auditing with real consequence, and paying out to businesses that have their paperwork in order.

The report also confirms what's coming: GST InvoiceNow becomes mandatory for all GST-registered businesses, phased from April 2028 to April 2031. That's the direction of travel - digital, direct, and harder to fudge.

How an SME owner should read this report: as a preview of the operating environment. Growth means more tax activity. More tax activity means more scrutiny. The businesses that thrive will be the ones whose books are clean, current, and ready before anyone asks.

OCi System keeps your accounting, GST filing, and records in one platform - real-time, accurate, and audit-ready.

Source: IRAS, 4 Sep 2026
https://www.iras.gov.sg/news-events/newsroom/iras-annual-report-fy2025-26

09/09/2026

IRAS just updated its guidance on BCRS deposit tax treatment. Updated 2 September 2026.

If you sell regulated beverages in Singapore, the Beverage Container Return Scheme has been live since 1 April 2026. Every plastic or metal container between 150ml and 3 litres carries a 10-cent refundable deposit.

IRAS clarified two things: BCRS deposits collected are not business income. BCRS deposits paid are not deductible expenses. They don't form part of the selling price. Period.

Here's the good part. Even if your deposits show up in your profit and loss statement, IRAS says no tax adjustments are needed. The reasoning: deposits you pay out are expected to be recovered through deposits you collect from customers or refunds from RVMs. It nets out over time.

One exception. If you supply regulated beverages for purposes where the related expenses aren't tax-deductible - like donations, where deposit collection is waived - you need to add back the deposit amount in your tax computation. That's the only scenario requiring adjustment.

The practical takeaway for SMEs: your accounting system needs to track BCRS deposits as a separate liability, not as revenue or expense. If deposits get mixed into your sales line, your income looks inflated. If they get mixed into expenses, your deductions look wrong.

OCi System keeps deposit collection, payment, and refund tracking in a separate liability account. Your revenue stays clean. Your expenses stay clean. Your tax computation stays clean.

Source: IRAS, 2 Sep 2026
https://www.iras.gov.sg/taxes/corporate-income-tax/specific-topics/income-tax-treatment-of-deposits-under-the-beverage-container-return-scheme-(bcrs

07/09/2026

ACRA and SID launched the Company Director Fundamentals programme on August 28. Ten modules covering legal duties, conflicts of interest, corporate tax compliance, and financial literacy. Registration opens in October.

Minister Indranee Rajah said: ""When the world becomes more uncertain, getting the fundamentals right becomes even more important.""

One of those fundamentals is understanding company finances. It's a standalone module in the programme - not bundled into something else, not optional. ACRA and SID are saying financial literacy is a baseline requirement for directors.

That message travels straight down to SMEs.

If your board can't read your numbers, they can't govern. Not effectively. A director who doesn't understand the cash flow position can't assess risk. A board that can't read the GST filings can't sign off with confidence.

The CDF programme is a signal that the expectation on directors is rising. SME directors who want to meet that bar need accounting systems that produce clean, current, and audit-ready financials.

OCi System does exactly that. Bookkeeping, invoicing, GST filing, and cash flow tracking in one platform. The numbers your board needs - accurate, up to date, and ready to review.

Because governance starts with the numbers.

Source: The Straits Times, 28 Aug 2026
https://www.straitstimes.com/business/as-the-business-playbook-changes-acra-sid-roll-out-new-training-for-company-directors

04/09/2026

Growth doesn't wait for perfect conditions. Three Singapore SMEs just proved it.

The Business Times reported on July 23 that Singatac is building a US$37 million facility in Saudi Arabia. Masterscan Engineering is shifting teams within the Gulf and projecting 30-40% revenue growth. EtonHouse is holding its Riyadh strategy steady.

All three are expanding into the Middle East while a war is still ongoing in Iran.

Singatac's executive director Tan Soon Keong said Saudi Arabia offers ""better stability of work coming in."" Masterscan's managing director Vigneshwar Prabu added a 4-5% cost buffer to contracts to manage unforeseen risks. EtonHouse CEO Ng Yi-Xian called it ""a measured view of growth.""

These aren't gambles. They're calculated moves made by people who know their numbers.

You don't commit US$37M without clean financial visibility. You don't add a cost buffer without knowing your margins. You don't defer one market and pivot to another without real-time data behind the decision.

That's the real story here. Growth in uncertain times isn't about bravery. It's about having the financial clarity to act when others hesitate.

OCi System gives SMEs that foundation. Real-time cash flow tracking. Multi-currency records. Audit-ready financials. The numbers you need to make the call.

Source: The Business Times, 23 Jul 2026
https://www.businesstimes.com.sg/singapore/smes/singapores-smes-are-staying-nimble-sustain-business-middle-east

02/09/2026

MAS just put S$220 million behind fintech. The fourth tranche of the Financial Sector Technology and Innovation scheme was announced on August 31, covering six tracks - institutional innovation, AI adoption, infrastructure, and talent development.

DPM Gan Kim Yong called fintech ""a new and emerging industry evolving very rapidly with the emergence of AI and frontier technologies.""

The scheme includes an AI Pathfinder track - MAS-led, designed to help financial institutions deploy proven AI solutions at scale. SFA president Holly Fang said the issue is no longer whether to experiment with AI, but how to deploy it responsibly.

That's the institutional level. But the signal travels downstream.

If MAS is funding AI adoption at the top of the financial sector, the expectation on SMEs to digitise their own financial operations is only going to grow. The gap between institutions running AI-assisted compliance and SMEs still on spreadsheets gets wider every quarter.

You don't need to experiment. Accounting software like OCi System is a proven, deployable solution - bookkeeping, invoicing, GST filing, and cash flow tracking in one platform. The same digital-first direction MAS is funding, scaled down to what an SME can implement this week.

Source: The Business Times, 31 Aug 2026
https://www.businesstimes.com.sg/singapore/mas-invest-s220-million-fintech-innovation-targets-frontier-tech-and-talent

OCi System Pte Ltd - since 2006

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Monday	09:00 - 17:00
Tuesday	09:00 - 17:00
Wednesday	09:00 - 17:00
Thursday	09:00 - 17:00
Friday	09:00 - 17:00