Help: Those people who have registered business under ACRA

BuySellGames SG

Hi all,

I have just registered my own blogshop under ACRA.

My blogshop does trading of preowned games and as well as take in preorders.

However, I just realised that registering under ACRA means I must submit my accounting documents!

Can anyone please help?

Is it possible for me to cancel my business as I did not intend to make it so official.

FireIce SG

yes u can go back to the websai and dereg the biz

must pay a fee

^Acid^ aka s|aO^eH~ SG

Yes, it's possible to dereg ur business with a fee...

and next time plz think thoroughly b4 doing anything... Thinking and researching are different things though...

BuySellGames SG

hey people, i settled already.. will stick to being a registered company bah

my dad just say he teach me to do the accounting n stuffs =.=

and yeah i know it's possible to deregister, but since i've already revealed my business to the govt, if i de-register, they will be aware of my operations and i will end up paying the fine for not registering my biz.

well.. i shall just leave my business to fate then.

FireIce SG

tts good.

and u can now sign up for our advertising package

βέτά SG

It's an offence not to declare income under SITA, you can be charged with tax evasion.

http://www.iras.gov.sg/irasHome/page.aspx?id=8246

BuySellGames SG

to FireIce: haha the advertising packages expensive not? because currently i'm only using the Cbox advertising campaign.. $2 for 120 clicks.. damn worth..

to Beta: Yeah I know... but honestly there are plenty of blogshops that nv register their business also lol. so i feel abit stupid for being so dumb to register..