Expert Advisors assist SMEs to navigate through compliance rules in Singapore
With over 15 years of experience, our professional team of chartered accountants provides our clients in Singapore with routine compliance services.
Incorporating the new companies, managing the Singapore registration processes and related compliance requirements can be a challenging task.
Our company provides outsourcing services to facilitate Singapore companies to manage their internal functions. Our services include routine bookkeeping, company secretarial, payroll processing, annual company tax and personal tax filings, and related back-office business support.
Our team of Chartered Accountants help to keep your business financially healthy and assist you to:
(i) make the right financial decisions;
(ii) stay focused on your business’ growth;
(iii) strategize corporate structure for stability;
(iv) enjoy tax incentives & benefits; and
(v) provide recommendations to well-trusted vendors to support your entrepreneurial journey.
Our business outsourcing services are as follows:
Cloud Accounting Services – Monthly, Quarterly, Half-Yearly or Annually
For your business transactions, we use a cloud-based accounting system that provides you with regular management reports. This includes the Trial Balance, the Balance Sheet, Profit or Loss and General Ledger, which all make up the management accounts.
The above is part of our monthly annual compilation services package.
Our accountants provide efficient data entry services, and these are reviewed by Accountants to ensure the recorded business transactions comply with Singapore Financial Reporting Standards (SFRS), Singapore Companies Act and Singapore Income Tax Act
Our experienced accountants assist you in handling financial matters associated with your business. We charge a monthly fee based on the amount of time expected to complete the bookkeeping. The fees also vary with the type of accounting expertise to complete the task.
We ensure that every client receives the appropriate level of accounting & tax expertise from our team. As a general rule, all companies in Singapore are required to keep adequate accounting records and documentation to meet the requirements of the ACRA and IRAS.
Our Accounting service team (including XBRL conversion service) takes over these key responsibilities, and the business owner put the entire focus on his business.
For Singapore entities with low transaction volume, we provide an annual accounting service and compile the business transactions into the accounting system once a year.
After which, we prepare the SFRS Financial Statements with Directors Statements together with Annual Return (AR) to ACRA.
Monthly Payroll Processing and Annual IRAS Reporting Services
Our human resource team manages your employees’ records and provide a monthly payroll processing service.
We have many years of experience in handling and processing cloud-based payroll related matters for Singapore companies.
Our routine tasks include computation of CPF contribution for Singapore Citizens & Singapore Permanent Residents, monthly processing of payroll, calculation of employees’ net pay, maintaining personnel records, preparing & distribute payslip, and running payroll reports for management approval.
We also ensure that overtimes pay are computed correctly (as per the company’s policy and procedures), and submit accurate & timely CPF contributions to CPF Board.
Our in-house payroll team provides the necessary back-office support relating to human resource matters and reduces your overhead costs.
Company Secretarial Services (Board Resolutions, EGM, AGM, XBRL and AR Filing)
Our in-house company secretarial team have many years of experience in handling statutory requirements for Singapore companies.
These qualified company secretaries assist business owners to incorporate Singapore companies and handle all compliance matters relating to the Singapore Companies Act, Chapter 50 and ACRA regulatory requirements.
Routine works include the filing of Annual Returns (AR) and XBRL, maintaining statutory records and share register, drafting of board resolution, circulating board resolutions for signatures, organising bank signatories, corporate bank accounts opening and updating ACRA business profile.
For foreign-owned companies, we provide registered office addresses and nominee director services to aid in the registration of businesses in Singapore. Our company secretarial service assists company directors to comply with the Singapore Companies Act, Chapter 50, and meet annual statutory filing deadlines.
We also support company shareholders and directors to strike-off Singapore companies, meet regulatory requirements in ACRA and submit Final Tax returns to IRAS.
Tax Services – Company Tax, Individual Tax and GST
Our tax team are registered tax advisors of the Singapore Institute of Accredited Tax Professionals (SIATP).
They have extensive experience in providing tax advice on taxable income, deductible expenses, capital allowance, personal reliefs, tax residency, tax rules, tax exemptions and tax incentive schemes for Singapore companies.
Our corporate tax service team assists in identifying tax risks to optimize tax deductions and tax saving, comply with Singapore tax regulations.
We also maintain proper tax records, interpretation of notice of assessments (NOA) and also attend to IRAS tax queries.
All companies are required to file Estimated Chargeable Income (ECI) with IRAS within three (3) months from the end of its accounting period. All companies are required to submit annual tax returns (filing Form C or Form C-S) to IRAS before 30 November.
Besides, we also advise companies on the GST Registration process, type of GST schemes and prepare quarterly GST F5 forms for filing.