Accounting & Auditing Services for Businesses in Singapore
automatic bookkeeping, and proactive
tax support ready to use for busy entrepreneurs
all in one platform.
Preparing your own financial records is often a headache
Filling out reports is not easy and truly time-consuming
Filing deadlines is oftenly stressful
It is challenging to guarantee the accuracy of all data
Your time is money, don't waste it
Fastest online accounting for busy entrepreneurs.
One Accountant Only
We allocate a qualified accountanting expert to help you review your company's financial records, complete accounting reports, provide tax relief information, and submit everything on time.
Streamline Process
Everything you do manually, like uploading bank statements, invoices, bills, and costs, is now done automatically! We handle them in few minutes and send back reports with tax filings.
Transparency Fee
For bookkeeping, financial statements, or tax filing, we only charge a flat fee. No additional fees!
Essential information about accounting in Singapore
Create unaudited financial statements.
These consist of income statements, balance sheets, and cash flow statements.
Conduct an annual audit of these accounts.
It is mandatory for all businesses in Singapore to undergo an audit conducted by a certified third-party auditor, who is responsible for submitting the audit results to the Inland Revenue Department.
Submit a Profits Tax Return on a yearly basis.
During the assessment year, corporations must declare their Assessable Profits (or Adjusted Loss) that were incurred during the basis period.
Accouting & Auditing Program Fees
In order to ensure that you meet all of reporting obligations, our accounting and auditing service will cover the following areas:
Preparing annual statutory accounts i.e Profit & Loss account, Balance Sheet, Trial Balance...
Audited financial statements
We assess service fees based on the volume and complexity of your transactions.
| Amount(Transactions) | Fee |
|---|---|
| Below 30 | US$ 481 |
| 30 to 59 | US$ 546 |
| 60 to 99 | US$ 624 |
| 100 to 119 | US$ 663 |
| 120 to 199 | US$ 819 |
| 200 to 249 | US$ 1,079 |
| 250 to 349 | US$ 1,456 |
| 350 to 449 | US$ 1,963 |
| 450 and Above | To be confirmed |
| Turnover (Million HKD) | US$ Estimated Equivalent (*) | Fee |
|---|---|---|
| Below 0.5 M | Below 64,500 | US$ 1,221 |
| 0.5 M to 0.74 M | 64,500 to 95,999 | US$ 1,391 |
| 0.75 M to 0.99 M | 96,000 to 127,999 | US$ 1,664 |
| 1 M to 1.49 M | 128,000 to 191,999 | US$ 2,145 |
| 1.5 M to 1.99 M | 192,000 to 255,999 | US$ 2,353 |
| 2 M to 2.99 M | 256,000 to 383,999 | US$ 2,666 |
| 3 M to 3.99 M | 384,000 to 511,999 | US$ 3,146 |
| 4 M to 4.99 M | 512,000 to 640,999 | US$ 4,485 |
| 5M and above | 641,000 and above | To be confirmed |
Singapore Tax Filing
Profits Tax Return
Submit the first Profits Tax Return 18 months after incorporation, along with audited accounts to determine tax owed. Year one accounting and auditing takes longer. All Singapore Limited Companies' financial statements must be audited by a CPA. Arrange an accountant soon, as it's hard to change the tax return once submitted.
Employer's Return
In April's first week, IRD issues Employer's Return (IR56A&B). Employer must submit within a month, regardless of hiring. Delay gets fined.
Profits Tax Return
US$ 390
Employer's Return
US$ 260
Singapore Company Formation Packages
From US$ 1,350
Singapore Company Formation Fees
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Done within 60 mins
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100% successful rate
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Fast, easy & highest confidential via secured systems
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Dedicated support (24/7)
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Just focus on your business, we are your trusted secretary
Required Documents
- All invoices issued during the reporting period.
- Bank statements of the company.
- Documents related to the incorporation of the company.
Just leave your questions here,
and we will get back within 2 hrs.
CPA Certificate
You can trust our credibility and expertise!
Singapore
Accounting & Auditing - Download Detail Forms
| Description | QR Code | Download |
|---|---|---|
| Form & Download | ||
| Profit Tax Return – BIR51 – Sample PDF | 510.11 kB | Updated time: 24 Dec, 2018, 15:48 (UTC+08:00) HK profit tax return of an corporation company sample – Form BIR51 |  |  |
| ECI form for company YA2019 PDF | 157.55 kB | Updated time: 24 Dec, 2018, 15:55 (UTC+08:00) Estimate of the company’s taxable income for a Year of Assessment – form ECI |  | |
| Corporation Tax Return PDF | 471.89 kB | Updated time: 24 Dec, 2018, 15:57 (UTC+08:00) Company tax return form- CT600 |  | |
| US Corporate Tax Return _ Form 1120 PDF | 289.56 kB | Updated time: 24 Dec, 2018, 15:59 (UTC+08:00) Report Corporate Income Tax to IRS _ Form 1120 |  | |
| Salary Tax Return – BIR56A – Sample PDF | 1.40 MB | Updated time: 24 Dec, 2018, 15:48 (UTC+08:00) Employer’s return remuneration and pensions to IRD |  | |
| Form C YA2018 PDF | 895.16 kB | Updated time: 24 Dec, 2018, 15:55 (UTC+08:00) Income Tax Return for a Year of Assessment (YA2018)- Form C |  | |
| Partnership Tax Return PDF | 287.44 kB | Updated time: 24 Dec, 2018, 15:57 (UTC+08:00) Partnership Tax Return form -SA800 |  | |
| US Delaware Corporate Income Tax Form _ Form 1100X PDF | 211.47 kB | Updated time: 31 Oct, 2020, 12:39 (UTC+08:00) Report corporate income tax return under Section 1902(b), Title 30, Delaware Code |  | |
| A guide to keeping business record PDF | 117.70 kB | Updated time: 24 Dec, 2018, 15:55 (UTC+08:00) A guide to keeping the business record for a Hong Kong company |  | |
| Form C-S YA2018 PDF | 306.38 kB | Updated time: 24 Dec, 2018, 15:55 (UTC+08:00) Income Tax Return for a Year of Assessment (YA2018)- Form C-S |  | |
| Trust & Estate Tax Return PDF | 261.66 kB | Updated time: 24 Dec, 2018, 15:58 (UTC+08:00) Trust & Estate Tax Return form -SA900 |  | |
| Format of Tax Computation for a dormant company PDF | 35.34 kB | Updated time: 24 Dec, 2018, 15:55 (UTC+08:00) Tax Computation for a dormant company |  | |
| Registering a partner for Self Assessment & Class 2 NICs PDF | 142.70 kB | Updated time: 24 Dec, 2018, 15:58 (UTC+08:00) Use this form to register partners in a partnership – SA401 |  | |
| GIRO application PDF | 3.99 MB | Updated time: 18 Jul, 2019, 12:54 (UTC+08:00) GIRO application form for Corporation Tax |  | |
| Registering a partner for Self Assessment if they are not an individual PDF | 95.42 kB | Updated time: 24 Dec, 2018, 15:58 (UTC+08:00) Use this form to register partners who are not individuals – SA402 |  | |
| Notice to delivery a Company Tax Return – Sample PDF | 5.20 MB | Updated time: 24 Dec, 2018, 15:59 (UTC+08:00) Receive this form from HM Revenue and Customs (HMRC) for filling a Company Tax Return |  | |
| Filing Notice of Objection PDF | 785.37 kB | Updated time: 24 Dec, 2018, 15:56 (UTC+08:00) Form Filing Notice of Objection Corporation Tax |  | |
| COR form for Partnership DOC | 46.00 kB | Updated time: 24 Dec, 2018, 16:00 (UTC+08:00) Certificate of Residence for Only Partnership |  | |
SINGAPORE COMPANY FORMATION
DETAIL COST PLANNING
Enter your email address to receive the cost breakdown of establishing a business in Singapore.
Disclaimer
The information from mail is only meant to be used for general information. You shouldn’t use the information from the mail as a replacement for competent legal advice. Please seek our professional advice if you would like to learn more about how cost planning would work for your Singapore corporate.
Frequently Asked Questions
After a company receives a waiver from a specific date, it will no longer receive Form C-S/C from that date onward. Therefore, companies with approved waiver applications do not need to submit the application form annually to IRAS.
An Annual General Meeting (AGM) is a compulsory yearly gathering of shareholders where a company presents its financial statements (referred to as "accounts") to shareholders (referred to as "members"). The purpose is to address any inquiries regarding the company's financial position.
If your company has not received an assessment for the Year of Assessment (YA), you can still electronically file the Estimated Chargeable Income (ECI). However, installment payments are not allowed in this case. Installments are only permitted by IRAS when a company submits its ECI within three months after the end of its financial year and is on GIRO.
All Singapore-incorporated companies, except exempted ones, are required to file their complete set of financial statements in XBRL format according to the guidelines released by ACRA (Accounting and Corporate Regulatory Authority) Singapore in June 2013.
If your company's ECI is nil and it meets the annual revenue threshold, you are not required to file an ECI. The threshold for the Waiver to File ECI is an annual revenue not exceeding $5 million for companies with financial years ending in or after July 2017.
XBRL stands for eXtensible Business Reporting Language. It is a format used to convert financial information and exchange it between business entities. The Singapore government has mandated that every Singapore company file its financial statements exclusively in XBRL format. This allows for accurate analysis of financial data, providing insights into financial trends.
Revenue or remuneration received in the form of virtual currencies, such as Bitcoins, is subject to normal income tax rules. If the receipt is revenue in nature, it will be taxable; if it is capital in nature, it will not be taxable.
The financial year end (FYE) in Singapore refers to the conclusion of a company's fiscal accounting period, which can span up to 12 months.
Financial statements that are no more than six months old must be presented at the AGM for private limited companies, as per Section 201 of the Companies Act (CA).
Regardless of the person's residency status, the tax authorities subject income earned in or sourced from Singapore to taxation. Tax is only applicable if a resident person obtains income in Singapore through a Singapore partnership and it originates from sources outside of Singapore. Foreign nationals who are classified as non-resident people in Singapore must pay a basic income tax of 22% (24% starting in the year of assessment 2024) and are not eligible for any personal exemptions or deductions. The tax authorities grant non-residents a benefit by imposing the highest of a flat 15% rate or the graduated resident rates with personal reliefs on their employment income. This exemption does not apply to directors who are not residents.