14 Robinson Road, #02-02 Far East Finance Building, Singapore 048545
Call: +65-9119-8551 | Email: info@afitty.com
14 Robinson Road, #02-02 Far East Finance Building, Singapore 048545
Our Professional Accounting Services Protect Your Business Reputation
As an outsource accounting service provider, we ensure that your business fulfills the compliance requirements stipulated by the regulatory authorities in Singapore to uphold the integrity of your company’s reputation. You can expect swift and exceptional accounting service in the areas of:
HOW WE ARE DIFFERENT
Accounting Service in Singapore
According to the Singapore Companies Act
Companies Act, your business needs to maintain scrupulous records of all business transactions, including invoices and receipts, sales listings and bank statements.
In addition, you need to follow strict compliance regulations set by both ACRA and IRAS to ensure you don’t risk any unnecessary penalties down the line. Following these regulations not only helps your company achieve transparency and clarity but also helps potential investors determine your company’s performance.
To stay compliant, your company needs to:
Establish a local registered office address in Singapore
Appoint an auditor within the first three months (but only if the company has corporate shareholders, more than 20 individual shareholders or an annual turnover exceeding S$5 million)
Determine a financial year-end
Continually notify ACRA of any changes to the company structure such as transfer of shares, increase in capital or the resignation of directors
Complete the following documentation each financial year
Estimated chargeable income (ECI)
An estimate of chargeable income for the Year of Assessment (YA) submitted within three months after the end of the financial year
Accounting records / Complex Accounting Assignments
Profit and loss accounts, a balance sheet, cash flow statement and equity statement
Tax returns
Audited/unaudited accounts with a tax computation form
Financial report
(Financial Statement Preparation)
A financial statement for the company
Our Services Provided:
Recording of business transactions in an orderly manner on monthly, quarterly or annual basis
Preparation of management accounts comprising income & Balance Sheet Statements on monthly, quarterly or annual basis
