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This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Keeping financial data on basic computer applications without proper security measures can expose sensitive information to unauthorized access and cyberattacks. These can be easily misplaced, stolen, or damaged.
Bonuses and Additional Wages Record all year-end bonuses, including Annual Wage Supplement (AWS) Confirm payment dates bonuses paid after 31 Dec 2024 fall into YA 2026 Ensure CPF is applied correctly Additional Wages are subject to a separate CPF ceiling Reconcile year-to-date bonus payments to avoid excess or missed CPF 2.
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