Why Singapore Businesses Trust Our Accounting Expertise

Benefits of AI in Bookkeeping

With Singapore's dynamic business environment and strict regulatory framework, having a reliable accounting partner is essential. Our team combines local expertise with international standards to deliver accounting solutions that keep your business compliant and competitive. Our accounting services ensure full compliance with Accounting and Corporate Regulatory Authority (ACRA) requirements, eliminating the risk of penalties and regulatory issues.

100% ACRA Compliant

Our accounting services ensure full compliance with Accounting and Corporate Regulatory Authority (ACRA) requirements, eliminating the risk of penalties and regulatory issues.

Tax Optimization

We help Singapore businesses legally minimize tax liabilities through strategic planning and thorough knowledge of local tax incentives and deductions.

Singapore-Specific Accounting Solutions for SMEs

Our comprehensive accounting services are tailored to meet the unique needs of Singapore businesses, from startups to established enterprises. We handle everything from day-to-day bookkeeping to complex financial reporting and tax compliance.

Bookkeeping & Financial Reporting

Maintain accurate financial records with our comprehensive bookkeeping services. We handle transaction processing, reconciliation, and preparation of financial statements in accordance with Singapore Financial Reporting Standards (SFRS).

Corporate Tax Filing

Navigate Singapore's tax system with confidence. Our tax experts handle Estimated Chargeable Income (ECI) submission, Form C-S preparation, and identify all eligible tax incentives to optimize your tax position.

GST Registration & Filing

Determine if your business needs to register for GST (taxable turnover exceeding S$1 million) and ensure timely quarterly GST return submissions to IRAS. We handle the entire process from registration to compliance.

Avoid Penalties: ACRA-Compliant Financial Reporting

Singapore's regulatory environment demands strict adherence to financial reporting standards. Our team ensures your business meets all compliance requirements, helping you avoid costly penalties and maintain good standing with authorities.

Key Compliance Requirements for Singapore Businesses:

Annual financial statements preparation in accordance with SFRS
Timely filing of annual returns with ACRA
Proper maintenance of accounting records for at least 5 years
Accurate corporate tax returns submission to IRAS
GST registration and quarterly filing (if applicable)
XBRL financial statements for companies with corporate shareholders

FAQs

When does a Singapore company need to register for GST?

Singapore businesses must register for GST when their taxable turnover exceeds S$1 million in the past 12 months or is expected to exceed S$1 million in the next 12 months. Voluntary registration is possible for businesses below this threshold. Our team can help determine if GST registration is necessary for your business and handle the entire registration process.

What are the annual filing requirements for Singapore companies?

Singapore companies must file annual returns with ACRA, prepare financial statements in accordance with SFRS, and submit corporate tax returns (Form C-S or Form C) to IRAS. Companies with corporate shareholders or those exceeding certain revenue thresholds may need to file financial statements in XBRL format. Our accounting services ensure all filing requirements are met accurately and on time.

Do Singapore companies need to be audited?

Not all Singapore companies require an audit. A company is exempt from audit if it's classified as a "small company" meeting at least two of these criteria: annual revenue below S$10 million, total assets below S$10 million, or fewer than 50 employees. However, all companies must still prepare financial statements in accordance with Singapore Financial Reporting Standards.

How can outsourcing accounting services benefit my Singapore business?

Outsourcing accounting services allows Singapore businesses to access professional expertise without the cost of hiring full-time staff. Benefits include ensuring compliance with local regulations, freeing up time to focus on core business activities, gaining strategic financial insights, and reducing the risk of errors in financial reporting and tax filings.

Professional Accounting Service Singapore: Expert Solutions for Your Business