Incorporating a company in Singapore is fast — sometimes just a single day.
But after the excitement of registration fades, every founder faces a new challenge: keeping the business compliant through its first year and beyond.
From ACRA filings to tax submissions and AGM preparation, compliance can feel overwhelming for first-time founders.
Here’s a simple, month-by-month guide that maps out what happens after incorporation — and how ccMonet helps you stay on top of every deadline without the stress.
Once your company is incorporated, the first steps are administrative — but critical.
You’ll need to:
It’s also the perfect time to adopt AI-powered accounting tools like ccMonet to keep your records clean from day one.
Automated data capture ensures every invoice, expense, and payment is properly recorded — saving you from a year-end data scramble.
Three months after your financial year end (FYE), every company must file an Estimated Chargeable Income (ECI) with IRAS — even if your income is zero.
New companies can easily miss this because ECI filing happens long before the first annual return.
ccMonet helps prevent this by tracking IRAS deadlines automatically and generating the data you need for quick submission.
As your first financial year progresses, accurate bookkeeping becomes essential.
You’ll need clean records to generate your financial statements, which form the foundation of your annual filings with ACRA and IRAS.
AI automation ensures that:
With ccMonet, founders can check financial performance in real time — not wait until year-end to find out how the business is doing.
If your company has shareholders, you’re required to either:
During the AGM, directors present the company’s financial statements and discuss business updates.
Using ccMonet’s ready-to-file reports simplifies preparation — the numbers, notes, and summaries are all organized and exportable.
Within 7 months of FYE, you must file your Annual Return with ACRA.
This filing confirms your company’s particulars — including directors, shareholders, and financial performance.
With ccMonet, the data from your books flows automatically into ACRA-compliant formats.
You’ll be ready to file in minutes, with built-in checks to prevent errors like missing shareholder information or outdated director details.
By 30 November each year, companies must submit their Form C-S, C-S (Lite), or Form C to IRAS.
This is your final tax submission — based on actual, not estimated, financial results.
AI-powered bookkeeping ensures your statements align perfectly with tax computations, minimizing risks of discrepancies or late penalties.
Once you’ve completed your first cycle, the focus shifts to consistency.
Top-performing SMEs maintain compliance not as a yearly project but as an ongoing routine.
ccMonet helps by:
Instead of preparing for filings reactively, your company runs in a state of continuous compliance — ready for investors, audits, and expansion anytime.
The first two years of a business set the tone for everything that follows.
By staying organized and automating compliance early, you protect your company’s credibility and avoid unnecessary penalties.
With ccMonet, SMEs get the best of both worlds — AI efficiency and expert oversight — keeping your business compliant, accurate, and investor-ready from day one.
👉 Get your compliance calendar automated today at ccMonet.ai
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