Do you know your accounts may be exempted from audit if you meet certain criteria?
However, as a Singapore private limited company, you are still required to prepare the financial report in a format as defined by the Companies Act and the Singapore Financial Reporting Standards for submission to ACRA for annual return filing and Tax Authority, IRAS for FORM C tax filing.
It is important that the financial report be prepared by a CA of Singapore to ensure compliance with all statutory requirements. Your financial report, with the latest updated FRS 1 (revised) requirement, which includes the following:
In any circumstance, you save money as the fee for a compilation engagement is lower than the audit fee. So why not contact us NOW to check if you are qualified for audit exemption?
Ms Lee Weiying is a professional and serious accountant. Be it about our accounts for Asia Tong International Group or personal tax issues, she has been able to provide very useful help and advice. Especially when it comes the Group finances, she has always been able to respond in the fastest time and the advice given is practical and effective.
The 1Accounting & Consulting Services team has always worked very hard and knowledgeably with us during the preparation of accounts and taxes. Due to the international nature of our business, this involved at times complex questions and knowledge of the implications for personal and U.S. tax and accounting requirements.
We particularly wish to single out their Executive Director Lee Weiying for her invaluable contributions to keep us up to speed on matters ranging from management account presentation, group consolidations (in different currencies), financial audit, income taxes, GST and accounting practices.
We are extremely happy with their services. Their knowledge in accounting & taxation is very good and they finish Filing of Returns on time with all necessary follow up. We have already recommended their services to our business partners.
They have a professional setup, thorough in depth knowledge of the accounting & taxation system and most importantly we believe that they keep our information confidential. Our experience with 1 Accounting has been great.
The support they give us not just make our singapore business grow, but also make a crucial part of our survival, because we are a wholly overseas stake-hold corporation. 1 Accounting & Consulting Service helps us to set our firm and business firmly in Singapore, and help us save a lot of trouble and cost, so we highly recommend and trust them.
I have personally experienced seeking financial advice during the weekends and also late at night, and have yet to experience any unpleasant encounter. This has enabled us to focus on our core business as a Private Education Institute.
