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
Show prices with GST Preparation & Filing
1-10 transactions
US$135
per month
11-30 transactions
US$270
per month
31-75 transactions
US$455
per month
75-125 transactions
US$625
per month
126-200 transactions
US$815
per month
200-300 transactions
US$1065
per month
>300 transactions
Additional charges for 301 transactions and above, every 20 transactions
+US$85
per month
Only Applicable to GST Registered Companies
1-10 transactions
US$100
per month
11-30 transactions
US$200
per month
31-75 transactions
US$350
per month
75-125 transactions
US$500
per month
126-200 transactions
US$650
per month
200-300 transactions
US$850
per month
>300 transactions
Additional charges for 301 transactions and above, every 20 transactions
+US$60
per month
Additional Services
Services you may require if your accounts meet certain criteria.
Audit Liaising
When you need us to liaise with the auditor on your behalf (only applicable to audited companies)
US$500
Full XBRL
When your company has a corporate shareholder or more than 20 individual ones
US$500
XBRL Highlight
When your company is in negative equity
US$200
Consolidated Unaudited Report
When your are the parent company and need to compain the financial statements of the subsidiaries
US$500
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
Only Applicable to GST Registered Companies
1-50 transactions
US$600
per year
51-75 transactions
US$850
per year
76-100 transactions
US$1000
per year
101-125 transactions
US$1150
per year
126-150 transactions
US$1300
per month
150-200 transactions
US$1600
per month
201-250 transactions
US$1850
per year
251-300 transactions
US$2100
per year
>300 transactions
Additional charges for 301 transactions and above, every 20 transactions
+US$60
per year
Show prices with GST Preparation & Filing
1-50 transactions
US$900
per year
51-75 transactions
US$1275
per year
76-100 transactions
US$1500
per year
101-125 transactions
US$1670
per year
126-150 transactions
US$1885
per month
150-200 transactions
US$2320
per month
201-250 transactions
US$2590
per year
251-300 transactions
US$2940
per year
>300 transactions
Additional charges for 301 transactions and above, every 20 transactions
+US$85
per year
Additional Services
Services you may require if your accounts meet certain criteria.
Audit Liaising
When you need us to liaise with the auditor on your behalf (only applicable to audited companies)
US$500
Full XBRL
When your company has a corporate shareholder or more than 20 individual ones
US$500
XBRL Highlight
When your company is in negative equity
US$200
Consolidated Unaudited Report
When your are the parent company and need to combine the financial statements of the subsidiaries
US$500
Ad-hoc services
One-off services upon your request.
Unaudited Report
A company must table the unaudited report to the AGM within 6 months of its financial year end Additional US$20 for every adjustment of accounting errors
US$500
US$800
US$1000
GST registration
If your revenue more than US$1M over a year
US$300
per application
Corporate tax Compliance
– ECI Filing
– Preparation of tax computation
– Filing of tax return (Form C/C-S)
US$500
Tax clearance for striking off
Only letter rquired stating that comapany has been dormant since incorporation
US$100
Application For certification of Residence (COR)
Have to be authorised for IRAS e-services
US$100
per application
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.
