Accounting services for Singapore companies
Accounting services for Singapore companies includes:
- accounting
- preparing annual financial report
- calculation of corporate income tax
- financial report submission to Register (ACRA) and tax authorities (IRAS)
- financial report submission in XRBL format
- audit
| General information on reports | Term of submission | |
|---|---|---|
| Finance year end | standard financial year of the company ends on 31 December each year, but financial year also could be reconciled with the company registration month | |
| Annual financial report Other reports | - balance sheet - profit and loss calculation - director notification - corporate income tax report - employee report | in the period of 3 months after finance year ends ECI with IRAS required to be filled |
| Audit | if the company qualifies as a small company | |
Small company is if it meets at least 2 of 3 criteria:
- Annual revenue less than SGD 10 million
- Balance less than SGD 10 million
- Employees less than 50
In order to prepare report and gain confirmation, following document copies must be submitted: bank statements, agreements, invoices and other documents regarding fund flow in company’s bank account.
All the documentation must be in English!