Good news - small business owners: If your annual revenue is $200,000 or less over the last two financial years, you could qualify for Simplified Record Keeping (SRK). ✨What’s in it for you? More time to focus on growing your business and less time on paperwork – simply keep all business records (such as registers and listings) and accounts for 5 years, instead of every source document (like invoices and receipts). More on the qualifying conditions for SRK and tips on record keeping at https://go.gov.sg/iras-srk
