Our experienced accountants in Singapore provide a wide range of financial services, being entirely committed to act in the higher interest of businesses which operate in the city-state.
When performing accounting and financial consulting services in Singapore, there are different stages and steps to be followed. We fully comprehend the significance of these stages and we can assist you with accounting services, as well as financial consultancy and management in Singapore, payroll related processes, VAT registration and compliance and audit services.
Taxations and payroll services in Singapore
Although Singapore is considered an extremely profitable tax haven, there are still taxations and payroll services that need to be performed for a business to run smoothly. Our accounting services professionals in Singapore can guide you through the whole process and make sure that your company complies with all the tax regulations in the country.
If you are interested in expanding your business and hiring more employees, your company in Singapore has to abide by the country’s payroll tax requirements. The payroll system in Singapore can be either manual or automatic. We can assist you with the whole procedure when you opt to outsource your business payroll activity to our team of professionals, as part of the financial consulting services in Singapore that we provide.
Accounting standards for small companies in Singapore
In an increasingly challenging business environment, the accounting standards have become more complex. Small and medium sized companies (SMCs) form the majority of the businesses that activate in Singapore, alike in numerous other states. In 2009, the International Accounting Standards Board (IASB) delivered the International Financial Reporting Standards (IFRS) especially made for SMCs. Afterwards, the Accounting Standards Council (ASC) of Singapore also issued the Singapore Financial Reporting Standards (SFRS) for Small Companies in 2010.
The objective of the SFRS for small companies is to offer a certain degree of relief for small companies while ensuring transparency, quality and comparability. An accountant in Singapore can provide more details on what these reliefs consist of.
Our financial advisors provide a wide variety of financial consulting services in Singapore, working assiduously to address the main financial issues to improve your business. We invite you to contact us for a customized offer.