SINGAPORE TAX & ACCOUNTING SERVICE

Accounting for Private Limited Companies

Accounting for Private Limited Companies
We guide you to do your quarterly or monthly accounting to meet your pace of growth.

Monitoring of accounts
As your business grows, you will need to employ staff to handle the accurate recording of accounts. We will provide the necessary training and monitoring required.

Our services include:

  • Timely submission of filing of accounts based on size of company.
  • Proper accounting system set-up.
  • Installation of and in-house training on accounting software.
  • Training of appropriate staff to manage the accounts on a daily basis.
  • Regular monitoring to ensure accounts are kept in the required manner.

GST Registration

We will assess whether it is compulsory for your business to be GST registered, and if so, we will guide you in timely submission of the relevant documentation.

Our services include:

  • Training of staff to do the submission of GST F5 on a monthly or quarterly basis.
  • Guidance to submit GST F5 on time.

Accounts Finalisation for Audit

We guide you in the process of preparing the accounts for audit, if required. We liaise with the auditors to get the accounts audited in time and assist the secretary of the company to submit the accounts in time.

Our services include:

  • Review of major accounts viz. Trust Receipts, Factoring, Hire Purchase, etc.
  • Fixed Assets Accounting and Calculation of Depreciation.
  • Provision for Directors’ Fee.
  • Provision of relevant copies required by the auditors.

Directors’ Report

Directors’ Report

A Company not making a turnover of more than 5 million is not required to have the accounts audited. The requirement is then to prepare the Directors’ Report for submission of accounts to the authorities. Our services include:

  • Preparation of Directors’ Report.
  • Preparation of financial statements in line with Singapore Financial Reporting Standards.
 
Accounting System set-up.

Using our vast experience and knowledge of various industries, we can implement accounting systems to suit your organisation and business.  Our services include:

  • Studying your business operations.
  • Devising an appropriate system to capture data.
  • Recommending software suitable to your line of business.
  • Implementation of the software.

Accounting for Sole Proprietorship Business

A sole proprietor is required to file a personal income tax return for the income of the business. Our experts guide you through the process on a yearly basis, explaining how and what details need to be maintained in order to avoid the last minute rush. Our services include:

  • Preparing the financial reports.
  • Filling up the form, getting it signed and sending it to IRAS.

 

Accounting for Partnership Business.

We provide guidance on how the records have to be maintained in order to do proper accounting and help you to complete the correct tax form when filing is required.  Our services include:

  • Preparing the financial reports.
  • Filling up the form, getting it signed and sending it to IRAS.

 

Other Accounting and Auditing Services

Statutory Audit

Our aim is to go beyond the financial audit to add value to your business, working with you to develop ways to improve your efficiency and profitability through our statutory audit solutions.  Our services include:

  • Audit of financial statements.
  • Review of internal controls.
  • Recommendations for strengthening financial discipline.

 

Certification Work

We provide certification services in Singapore – independent verification of financial and non-financial data, and certification of certain expenditure to qualify for tax incentives and government grants. Our services include:

  • Review of financial data.
  • Presentation of information as required by Government bodies.