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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

Bookkeeping fee

50 - 100 transactions

110 - 200 transactions

From $450

From $650

300 - 400 transactions

From $1000

FS Compilation

From $550

From $550

From $550

Corporate Taxation

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.

Fee

Form C-S

From $450

Form C

From $650

To find out if the company is eligible to file Form C-S, 

to find out more.

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

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.