Accounting and Tax Services in Singapore

Singapore Accounting & Tax Services

• Bookkeeping and Financial Reporting: We manage your day-to-day bookkeeping, ensuring accurate recording of transactions and preparation of financial statements in accordance with Singapore Financial Reporting Standards (SFRS).
• Compilation of Unaudited Financial Statements: We assist in the preparation of unaudited financial statements for your internal use and for filing with ACRA, if required.
• Corporate Tax Compliance: We handle all aspects of corporate tax compliance, including tax computation, tax filing with the Inland Revenue Authority of Singapore (IRAS), and tax planning to optimize your tax position.
• Goods and Services Tax (GST) Services: We provide GST registration, GST return preparation and filing, and advice on GST compliance to ensure you meet all obligations.
• Payroll Services: We manage your payroll processing, including salary calculations, CPF contributions, and preparation of payroll reports, ensuring compliance with employment regulations.
• Tax Advisory: We offer expert tax advisory services on a wide range of issues, such as tax incentives, cross-border transactions, and tax-efficient structuring.
• ACRA Compliance: We assist with all ACRA compliance matters, including annual filing requirements and maintenance of statutory records.

Benefits of our Singapore Accounting & Tax Services

• Proactive Advice: We provide proactive advice to help you optimize your tax position and make informed business decisions.
• Dedicated Support and Clear Communication: You will have a single point of contact for your entire Asia operation who will provide personalized guidance and keep you informed throughout the process.
• Multilingual Service Capability: We are equipped to handle documentation and communication in English and other key languages to ensure clarity and efficiency.
• Singaporean Insight, Global Expertise: Our team combines in-depth knowledge of Singapore’s business practices and regulatory nuances with a strong understanding of international business requirements.

Annual compliance requirements in Singapore

Companies in Singapore are subject to a range of annual compliance requirements to ensure they adhere to regulatory standards. These obligations primarily involve filings with the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS). Key annual filings with ACRA include the Annual Return, which provides updates on the company’s particulars, such as its registered address, directors, and shareholders. Companies must also ensure that their financial statements are prepared in accordance with Singapore Financial Reporting Standards (SFRS). For IRAS, companies are required to file their annual corporate income tax returns, declaring their income and claiming any eligible deductions or allowances. Maintaining accurate records and meeting these deadlines is essential to avoid penalties and maintain good standing with the regulatory authorities.