Our experienced team of accountants and auditors can perform audits for your Singapore company.
Our accountants are experts in Singapore's Tax Code and can help both corporate clients and natural persons comply with the taxes imposed here.
We invite you to watch our concise video about the accounting services we can provide you with in Singapore.
Our team of accountants in Singapore is made up of certified professionals, being efficient-oriented, which is one of the main reasons why our clients choose us. Our goal is to give to every client the certitude he or she can rely on our professionalism. We are up to date with local regulations and we have a high understanding of organizations and businesses, which allow us to provide financial management plans adapted to each client.
Our experience in accountancy and financial management will ensure that choosing our company as your adviser opens a wide range of solutions for our clients. We understand that identifying the correct client’s need is the key to the appropriate solution. At the core of any business plan is a good financial plan. Daily operations also request a rigorous accountancy registration. It means the financial success of any company depends on a proper understanding of the financial operations and that of the local accountancy regulations. That is the key to our success.
Expertise is our most important strength. If you are just starting a business and need an overview of financial regulations, or if you are looking for development opportunities in your field and need to have an understanding of a particular financial aspect, or you need a better qualified financial advice or a second opinion, our accountant in Singapore is able to provide accurate advice in financial general management or any particular accounting issue.
Flexibility is another important reason why you should choose our accounting company in Singapore. We are able to address a large field of concerns or crises our clients may encounter. According to client’s particular needs, we are prepared to adhere to particular requirements. We, together with our clients, are looking for the best communication procedures in order to be sure we understand their needs and that we can provide the best solutions.
One of the most important steps in starting a business in Singapore is related to obtaining a tax identification number and a Goods and Services Tax (GST) number. These are mandatory requirements for conducting an economic activity in Singapore. This is why many new business owners will rely on the services of an accounting firm in Singapore to complete these formalities.
It is worth noting that not all companies need to obtain the GST number from the beginning of their activities, as they need to reach a specific turnover in order for GST registration to become mandatory.
GST registration in Singapore is mandatory in the following situations:
In the last two cases, GST registration is voluntary and implies careful supervision of the accounting situation of the company. This is where our accountant in Singapore can help with monthly quarterly and annual updates. Moreover, we will make sure to record every document which can be used to show the need to register for GST. We remind business owners that among the documents to be used as evidence in GST registration are contracts and agreements, purchase orders, invoices, and income statements.
Our accounting firm in Singapore can make sure you will have all the details needed to comply with the GST registration requirements. Also, we can handle the preparation and filing of GST returns which is subject to various calculations.
In order to skip any misunderstanding regarding the GST registration and filings you can count on our accounting services in Singapore.
The tax legislation in Singapore is continuously changing, as the Inland Revenue Authority (IRAS) is trying to streamline the procedures for filing all kinds of tax returns. Being updated or even better, having an accountant handle all these aspects can become crucial for small and medium-sized enterprises or SMEs which represent one of the most important categories of businesses in the Singapore market. With the help of our accountant in Singapore, a company will no longer need to worry about complying with all the new requirements imposed by the IRAS.
We remind business owners that one of the latest changes in the tax legislation in Singapore implies the filing of financial statements in the XBRL format. This is now a mandatory requirement for all types of companies in Singapore, which is why the demand in using an outside accounting firm has increased in the last period.
Our accountants in Singapore can also handle the compilation of financial statements for companies that do not need to have them audited. This exemption applies to private companies acknowledged as small businesses. A compiled financial statement implies the gathering of cash flow statements, the balance sheet, the director’s report, and a comprehensive income statement.
If you have questions about the accounting of a firm in Singapore, our specialists can answer all of them. Our accounting company in Singapore can assist you in a wide range of accounting matters.
One of the main reasons foreign investors choose Singapore to set up companies in is related to the many tax incentives available here. In order to obtain them, specialized assistance from accountants who are acquainted with the mechanisms of benefitting the most from them is recommended.
Here are some of the incentives available for Singapore companies:
Apart from these, Singapore has also signed many double taxation agreements under which foreign shareholders and companies can obtain various tax deductions and exemptions under specific regulations.
Our accounting firm in Singapore can help you prepare the annual financial statements in order to comply with these standards.
Roger Pay is the Manager of Bestar and an experienced consultant in taxation matters. He offers professional accounting services to corporate clients in Singapore.
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Singapore-Accounting.com has a realiable team of accountants, always ready to provide clients with professional financial services.
Mihai Cuc, Partner of Enescu & Cuc Law Firm