Accounting and Tax

In Singapore, proper preparation and maintenance of company accounts is a key compliance requirement by ACRA and IRAS. These records when done timely and accurately will enable management to accurately access how the company has been performing and enable the management to make key decisions for the success of the company.

At Assetion Corporate Services, we offer a wide range of customisable services to small and medium enterprises which includes bookkeeping, managing payroll, compilation of financial statements, XBRL, GST and corporate tax submissions. 

Bookkeeping Services

Our bookkeeping services will allow management to translate the company's business transactions into useful financial information for business decision. These information will come in the form of reports generated by us. The following is an example of some of the reports that we generate:-

  • Balance Sheet

  • Profit and Loss statement

  • General Ledger

  • Accounts Payable and Accounts Receivable schedule

  • Fixed Asset Schedule

  • Bank Reconciliation

  • GST report for GST registered companies

STARTER

20 Transactions a month

Package includes:

1. Bookkeeping

2. Unaudited Financial Statements

3. Filing of ECI (Tax)

4. Filing of Form C/ Form C-S (Tax)

From:

$1000 yearly

If billed monthly, charges would be $125 a month

GROWTH

50 transactions a month

Package includes:

1. Bookkeeping

2. Unaudited Financial Statements

3. Filing of ECI (Tax)

4. Filing of Form C/ Form C-S (Tax)

From:

$2400 yearly

If billed monthly, charges would be $250 a month

TAKE-OFF

100 transactions a month

Package includes:

1. Bookkeeping

2. Unaudited Financial Statements

3. Filing of ECI (Tax)

4. Filing of Form C/ Form C-S (Tax)

From:

$4000 yearly

If billed monthly, charges would be $250 a month

DORMANT

Less than 10 transactions a year

Package includes:

1. Bookkeeping

2. Unaudited Financial Statements

3. Filing of ECI (Tax)

4. Filing of Form C/ Form C-S (Tax)

From:

$550 yearly

Already have an accountant?

Just need to comply with IRAS regulations?

Corporate Tax

Our corporate tax compliance service will take care of your tax filing compliance with IRAS which will allow you to focus on your core business.

 

We will assist you in ensuring that the filing of the taxes are done promptly, accurately and useful applications of tax deductions will be accounted for.

 

Below are some examples of what we can assist you in:-

  • Tax Computation and the relevant accompanying schedules

  • Filing of the Estimated Chargeable Income (ECI) 

  • Filing of Form C-S or Form C

  • Managing and communicating to IRAS queries regarding your company's tax matters.

Individual Tax

CORPORATE TAX

From:

$500 yearly

Service includes:

1. Filing of ECI

2. Filing of Form C/ Form C-S

Unsure on how to file or what reliefs are applicable, we can assist you in ensuring that your tax filings are timely and you are not missing out on any reliefs.

 

Some of our services include:

  • Form B for individuals and sole proprietorship

  • Form P for partnerships

INDIVIDUALTAX

From:

$200 yearly

Service includes:

1. Individual tax computation

2. Filing of Form B/ Form P

Goods and Services Tax

In Singapore, it is compulsory for a business to register for GST when taxable revenue is more than $1 million for the past 12 months or the business is expected to make more than $1 million for the coming 12 months.

 

However, if a business does not make more than $1 million taxable revenue, they still may choose if they wish to voluntarily register for GST. 

At Assetion, we understand that GST errors can be costly and many GST errors arise because of a lack of knowledge of GST rules and regulations. Our team can help to assess your business GST obligations and ease the process of complying with statutory requirements.

 

Our services include:-

  • Application of registering for GST/ de-registration /exemption from GST

  • Reviewing and filing of GST returns

  • Conduct Self-Help Kit (ASK) reviews for applying/renewing of various GST schemes

  • Managing and responding to IRAS queries

GOODS & SERVICS TAX

From:

$200 yearly

Services includes:

1. GST Compliance

2. GST Registration/ Deregistration

3. Assisted Self Help Kit review

Any queries? Feel free to contact us

If you have any queries or would like a more accurate quotation, please contact us at general@assetioncs.com and our consultants will get back to within one working day.

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