Accounting & Taxation
We offer monthly and yearly packages based on the number of transactions. A Transaction is a deposit or a withdrawal on your bank statement, except for bank fees and charges (read more in the Q&A Below).
You can let us handle your entire accounting and taxation and choose from the variety of ad-hoc services. We accept the documents in whichever format you keep them, so you don’t have to worry about it.
Our Packages
Based on the number of monthly or yearly transactions
The monthly package is mostly for fully operational companies with medium to high amount of transactions. The advantage of this package is that you receive updates on your finances monthly, so you can plan for the future.
- Bookkeeping
- Compilation of Unaudited Report
- Access to Accounting Software
- Tax: Filing of Estimated chargeable Income (ECI)
- Form C/C-S
US$25/mth Additional if your account has multi currency and below 76 transactions a month
Additional Services
Services you may require if your accounts meet certain criteria.
Generally, the yearly package is tailored for business with fewer transactions, newly incorporated companies and startups. You can upgrade to the monthly package as you grow.
- Bookkeeping
- Compilation of Unaudited Report
- Tax: Filing of Estimated chargeable Income (ECI)
- Form C/C-S
US$300/yr additinal if your account has multi currency
Additional Services
Services you may require if your accounts meet certain criteria.
Ad-hoc services
One-off services upon your request.
Accounting & Taxation
We offer monthly and yearly packages based
on the number of transactions. A transaction
is a deposit or a withdrawal on your bank
statement, except for bank fees and charges.
FAQ
In what form should i submit my data?
Send us your records in whichever state you have them. Drop your files in our app, store them in a cloud or e-mail to our experts – they’ll take care of the rest.
What is one transaction?
A transaction is any deposit or withdrawal from the bank. This is assuming all payments and receipt are done through the company bank. An example will be payment to suppliers, Salary payments, expenses reimbursement or customer transfer. Bank fees and charges will not be taken as a transaction.
What are my tax filing requirements?
All companies are required to submit two corporate income tax returns annually – Estimated Chargeable Income (ECI) within three months from financial year end and Corporate income Tax Return (Form C/ C-S) by 30th November or 15th December if via e-filing. Unless qualifying conditions are met for ECI waiver or company has been granted waiver of income tax return submission by IRAS
What accounting Software do you use?
Xero, which supports single and multiple currencies.
What is XBRL?
XBRL is the open international standard for digital business reporting, used around the world and it replaces older, Paper-based reports with more useful, effective and accurate digital versions.
How is income assessed to tax?
Tax is assessed on income earned in the preceding financial year. For example, a tax return for the Year of Assessment (YA) 2019 would be to declare the income earned during the financial year 2018. This tax return is to be submitted by 30th Nov 2019 / e-filed by 15th Dec 2019.