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.

All Includes

  • 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.

All Includes

  • 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

Unaudited Report only

US$500

Unaudited Report + tax

US$800

Consolidated Unaudited Report Only

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.