Established accounting firm, with accounting expertise and proactive client servicing, introduces accounting back office solutions for local and foreign-owned businesses in Singapore.
To start a business in Singapore is a great decision.
Incorporating the new companies, managing the Singapore registration processes and associated compliance requirements may be a challenging task.
Our firm provides accounting services to facilitate Singapore corporations to manage all back office functions from accounting, record keeping, company secretarial, monthly payroll processing, annual tax submission and related back office business supports.
Our team has many years of experiences assisting foreign parent companies to set up subsidiaries, branches and representation offices in Singapore.
We provide all the necessary supports to meet local regulatory requirements.
Our firm has a team of professional accountants with many years of industrial experiences in assisting Singapore business owners.
1. To assist to manage back office functions to keep operating cost low;
2. To improve overall productivity and business performance; and
3. To gain direct access to professionals to assist in handling routine accounting works and meet annual regulatory requirements.
Our comprehensive accounting back office solutions in Singapore cover the following:
Our accountants use professional accounting systems (namely MYOB, QuickBooks, Autocount and UBS) to manage your business transactions and provide monthly financial statements.
The financial statements include the balance sheet, profit or loss and cash flow statements. The above are part of our monthly accounting service package.
Our accountants provide efficient data entry services, and these are reviewed by Chartered Accountants to ensure all data are entered correctly by Singapore Financial Reporting Standards (SFRS).
Experienced accountants are assigned to handle to you and will assist you in handling the day-to-day accounting matters for start to completion.
A fixed monthly fee is agreed based on the average number of transactions and the type of accounting expertise required to complete the task.
We ensure that every client receives the appropriate amount of expertise to manage the accounting work.
In Singapore, all companies must maintain adequate accounting records and documentation to meet the requirements of ACRA and IRAS.
Our Accounting Back Office team (including XBRL conversion & filing) takes over this important responsibility, o the business owner put the entire focus on building and expanding the business.
For Singapore entities with low transaction volume, we provide annual accounting service and our accountant enters business records into the accounting system once a year.
After which, we prepare the financial statements with Directors Report for the company's submission to ACRA.
Our human resource team manages your employees' related records and provide monthly payroll processing service.
We have many years of experiences in handling and processing payroll related matters in various industries.
Our expertise assists in eliminating the back office requirements to employ an in-house Human Resource Executive.
Our routine tasks include computation of CPF contribution for Singapore Citizen & Singapore Permanent Residents, monthly processing of payroll, computation of employees' net pay, maintain personnel records, prepare & distribute pay slips, run payroll report for management approval and liaise with banks for payroll disbursements.
We can disburse monthly salary to individual employees via checks or Interbank GIRO.
We also ensure that overtimes pay are computed correctly by the company's policy and procedures, and submit accurate CPF contributions to CPF Board timely.
Our in-house payroll team provides the necessary back office supports relating to human resource matters, and to reduce payroll costs.
Our in-house company secretary service team have many years of experiences in handling statutory requirements for Singapore companies.
These qualified company secretaries assist business owners in the incorporation of Singapore companies and all other back office matters relating to Singapore Companies Act, Chapter 50 and regulatory requirements imposed ACRA.
These functions include the filing of Annual Returns (AR) and XBRL, maintain statutory records and share register, drafting of board resolution, circulate board resolutions for signatures, organise banks' signatories, corporate bank accounts opening and update ACRA’s business profile.
For foreign-owned companies, we provide registered office address and nominee director service to aid in the registration of businesses in Singapore.
Our company secretarial service assists company directors to comply with Singapore Companies Act, Chapter 50, and meet statutory submission deadlines to ACRA.
We also support company shareholders and directors to strike off Singapore company and meet all regulatory requirements in ACRA and IRAS for the closure of businesses.
Our tax team are registered tax advisors of Singapore Institute of Accredited Tax Professionals (SIATP)
They have many commercial years of experiences in providing tax advice on income, expenses, capital allowance, deductions, personal reliefs, revised tax rules, exemptions and incentive schemes for Singapore companies.
Our corporate tax service team assists in identifying business related tax risks to maximise tax deductions and tax saving, comply with tax regulations.
We also provide updates on changes in tax rules and ensure tax returns are submitted to IRAS timely.
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 (except for dormant companies) have to submit annual tax returns (Filing Form C or Form C-S) to IRAS before 30 November.
We also provide Goods & Services Tax (GST) Tax team to assist on queries on GST registration process, type of GST schemes available for the companies and prepare GST F5 documents for quarterly filing.