Service Fees For Business Outsourcing

Transparent Fee Structure for Singapore companies

We offer quality services and international standards through the hiring of experienced professionals in Accounting, Payroll and Tax. Our services are of high quality, and we adhere to high standards of compliance.

Every year, there are some changes to the Singapore Companies Act Cap 50, the Singapore Financial Reporting Standards, and Annual Budget Updates for Singapore taxation legislation. We continue to invest in our operations and staff trainings to stay current with Singapore compliance updates.  

Our service fee represents the sophistication of our operations, the level of technical competence of our team, and the considerable time spent monitoring compliance with ever more stringent Singapore Company Act, Financial Reporting Standards, and IRAS Tax Regulations.

As your service provider, we would like to emphasize that we are responsible for protecting the Director’s interests. We are not the ‘lowest cost’ provider of services, rather we are the ‘best value’ provider when you consider quality and value you receive from our advice.

We provide continuity within the quality services and work standards through the hiring of professionals and ensure we adhere to high compliance standards and provide quality services.

Bookkeeping and Monthly Payroll Processing Service

Our cloud-based annual compilation services, and payroll services include the following:

• request for source documents (sales, purchases, suppliers’ invoices and monthly bank statements);
• management of the trial balance & general ledger;
• maintain the accounts receivables and accounts payable ledgers;
• prepare fixed asset schedule;
• prepare monthly management accounts,
• prepare year-end financial statements with Directors’ Report;
• prepare payment vouchers;
• set up of accounting chart of accounts for new companies; 
• compilation of annual accounts:
• record journal entry and posting to general ledger;
• record all business transactions (including sales and expenses);
• prepare monthly bank reconciliation; and
• monthly payroll processing services.

Tax Service (Company, Personal & GST Filing)

We offer the following tax services in connection with our tax preparation:

• monitoring of the statutory tax filing deadlines;
• ensure compliance with tax filing requirements;
• prepare and file Estimated Chargeable Income (“ECI”);
• prepare tax computation, supporting tax schedules, tax return forms and highlight any tax issues identified;
• compute corporate tax;
• prepare and submit annual tax returns (Form C or Form C-S) to IRAS;
• handle inquiries on tax matters from IRAS;
• GST registration, deregistration, exemption applications; and
• Quarterly GST F5 filing to IRAS.

Company Secretary Service

We offer the following company secretarial services:

• conversion of the sole proprietorship to a private limited company;
• ensure meeting such as the Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) comply with the company’s governing documents;
• ensure annual reports and accounts dissemination to management and shareholders;
• comply with the company’s governing document and statutory requirements;
• conduct AGM and EGM;
• incorporation of new Singapore entities;
• file Annual Returns on time (AR);
• maintain statutory registers and minutes book;
• provide the reminder for annual filing deadlines;
• complete and file statutory forms with ACRA (including changes to registered address, company name and directors’ particulars);
• update share transfers, restructuring, share reduction;
• prepare directors’ resolutions and minutes;
• issuance of share certificates; and
• appointment of nominee directors.

Conversion of Financial Statements into XBRL format and Uploading Service

Our XBRL service (from preparation, validation to uploading to ACRA website) includes the following:

• preparing the financial statements in XBRL format;
• clear validation errors in XBRL;
• assist in uploading and submission to ACRA; and 
• ensure effective and accurate filing report and provide information on new changes or amendments made in XBRL filing.

Speak with our business outsourcing team to find out more on Singapore compliance requirements

If you could please send through your inquiry, our team will understand exactly what concerns you have. Our business outsourcing team will be in touch with you shortly to further discuss this.