We have compiled a list of the best accounting services Singapore has to offer, providing a guide not only for you to make an educated decision, but also to filter out those providers that simply won’t be worth your time or money. Use this guide if you’re looking for help with taxes, finance, auditing and bookkeeping. We’ll take you through our experience with each provider in order to give you the most valuable insight possible. It should go without saying that when it comes down to it, the quality of your accountant largely depends on what kind of work they do for their clients. Find out how they work and figure out how well they’ll work for you. This guide is here to help you do just that.
Experience
Most of us are looking for honest, hardworking individuals who will give it their all to make sure we come out ahead on our taxes and finances. While it’s easy to tell if a provider will be shady based on what others say about them, it’s usually better to find this information out on your own so you can trust yourself if something ever happens again. If you’re looking for a new provider, the 5-star ratings that we’ve compiled are here to help you with that.
Anyway, it’s not our job to tell you which companies should be avoided. We said this upfront, but we also want you to know that it’s ultimately up to you whether or not your accountant is honest and trustworthy. If they take advantage of clients, then that’s their problem and they won’t be in a position to provide services for us anymore. Our list is only here as a resource so that you can evaluate all the options and decide which are better suited for your needs even if they don’t necessarily have five-star ratings.
The List
Here’s the list of providers that we’ve compiled for your convenience. We’ve taken into account the reviews and ratings for each one, along with what others have to say about their services. If you see a provider is better than another, then there could be a few reasons why. We’re not saying that they offer better services, because most of them will provide similar services based on your needs, but there are plenty of other factors to consider as well. Let’s take a quick look at what these factors might be:
Always make sure that the company you choose has been approved by the Institute of Singapore Chartered Accountants (ISCA).
Hidden Truth of Accounting Services Singapore
If you own a company in Singapore, chances are you have at least some accounting services that need to be attended to. It’s a frustrating experience for everyone when the numbers just don’t add up and the books are not balanced.
Unpredictable Business
And if there’s one thing that an entrepreneur from any country can agree on, it’s uncertainty: business is unpredictable and clients come and go as they please (never on your timetable). So it is with great relief that I finally found a streamlined accounting service in Singapore which makes every task easier. From bookkeeping to tax filing, there is no obstacle too large for them to overcome. And all of their services are done with expert precision – providing peace of mind that everything will be done right.
Independent Company
The team at the accounting services in Singapore I am referring to is Singapore Accounting Services (SAS). They are an independent company established in 1994, and offer accounting services for businesses of any size, from domestic start-ups to multinational corporations.
Accounting without Borders
What I appreciate most is that they are idealists at heart. Their motto is “Accounting without borders”. This is the kind of dedication that can put the little guy inside you on a pedestal. And what’s more, they have been voted as one of the best accounting firms in Singapore by Young & Well-Kept Business Magazine.
They find the time to listen, providing honest commentary and tailor-made advice in response to each of your queries. The life of a business owner is never boring, which is the main reason why they have developed their own system called “The Intuitive System”. It helps them to understand a company’s accounting issue and help you accordingly.
Business in International Markets
In today’s increasingly globalized economy, many business owners choose to go overseas to establish their company. Entrepreneurs are thinking more about international markets and non-traditional means of production. Whilst the concept of global funds is nothing new, it has become a lot more lucrative in recent times. And with the rise in popularity comes an increase in demand for external accountants and professional services.
The process of setting up a company in Singapore is not complicated; however, there are a number of things to consider. The President and CEO of Accounting Services Singapore is always available to answer any question that you may have, know the latest news on business law in Singapore, and assist with applying for the services you need. Here is the information you will need…
Incorporation for a New Company
The year of incorporation for a new company is easy to calculate – it’s simple just add two numbers together. However, this does not account for how many years a company will be run. To ensure that Accounting Services Singapore takes care of all your accounting needs with ease, it’s important to take into consideration how long the business will be run for.
Certificate of Incorporation
In Singapore, your company will be issued a Certificate of Incorporation (COI) by the Accounting Services Singapore. It is the document that details the name of your company and any other details you have included in the initial filing. You should never change this without consulting a professional first, as this could lead to a lot of complications when it comes to doing business with others. Every single one of these documents requires annual review and amendment, as well as submitting an application for registration if there has been any change in address or details on the original COI.
Two Different Types of Companies that you can Choose to Incorporate
It is easy to register a Singaporean company as a private limited liability company, as they are the most widely used type. This requires two shareholders who are individuals and one director which must be an individual too. A single shareholder company is allowed; however, it is highly advised that you add more in order to ensure that your business is protected by having more financial resources. The secretary or director at Accounting Services Singapore will take care of all the necessary registration in order for your company to be incorporated.
