1.   ECI – they have to report their Estimated Chargeable Income and their Turnover to IRAS (3 months from year end)

2.   Form C – Include tax schedules, FRS report and other supporting for claims (PIC) etc.

Our charges depends on the complexity of claims, deductions and nature of business.

Typical fees: S$200-$500 for a company with normal claims and deductions.

Investment holding companies and companies with many claims under the PIC may require more work. (S$300-$800)
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Singapore business process outsourcing, Singapore BPO services, Singapore accounting, Singapore taxation, Singapore bookkeeping, Singapore corporate secretarial, Singapore auditing, Singapore Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

At the AGM, directors shall present a true and fair view of the company’s accounts to their shareholders.

Annual returns requirement

Sample of accounting report by ACRA

Please note that IRAS also needs this FRS report as part of their Form C submission requirements.

Our fees:

Compilation for a simply structured company without hire purchases, foreign currencies – $250 – $500

Compilation for companies with hire purchases, foreign currencies, investments, properties – $350 – $800

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Singapore business process outsourcing, Singapore BPO services, Singapore accounting, Singapore taxation, Singapore bookkeeping, Singapore corporate secretarial, Singapore auditing, Singapore Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

Currently, our clients outsource part of their accounting/admin functions to us.

The following are the most common ones:

1. Preparing the customer statement of accounts to be sent out monthly

2. Preparing the payment for suppliers every month.

3. Preparing the payroll records and payment of employees every month.

Charges are reasonable and very cost effective as compared to employing a full time employee to handle it.

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Singapore business process outsourcing, Singapore BPO services, Singapore accounting, Singapore taxation, Singapore bookkeeping, Singapore corporate secretarial, Singapore auditing, Singapore Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

“…a company secretary is a much more important person nowadays than he was in 1887. He is an officer of the company with extensive duties and responsibilities….He is no longer a mere clerk…He is certainly entitled to sign contracts connected with the administrative side of a company’s affairs,…All such matters now come within the ostensible authority of a company secretary.”

Companies Act
171.—(1) Every company shall have one or more secretaries each of whom shall be a natural person who has his principal or only place of residence in Singapore.
[13/87; 40/89]
(1A) It shall be the duty of the directors of a company to take all reasonable steps to secure that each secretary of the company is a person who appears to them to have the requisite knowledge and experience to discharge the functions of secretary of the company.

Although it is NOT defined for a private limited company what / who is a person with requisite knowledge and experience, it is defined for a public listed company:

-Been a secretary of a company for at least 3 of the 5 years immediately before his appointment as secretary of the public company.
-Qualified person under the Legal Profession Act (Cap. 161).
-Public accountant registered under the Accountants Act (Cap.2)
-Member of the Institute of Certified Public Accountants of Singapore.
-Member of the Singapore Association of the Institute of Chartered Secretaries and Administrators.
-Member of the Association of International Accountants (Singapore Branch).
-Member of the Institute of Company Accountants, Singapore.

In general, the following are the duties of the Company secretary:

Role and responsibility of Company Secretary includes but not limited to following:

-Change of directors and shareholders, etc.
-Maintaining statutory register of directors and shareholders
-Issuing share certificates and maintain records of transfers of shares
-Maintaining the register of members and debenture holders
-Preparation and submission of the Annual Returns
-Filing of documents and changes with corporate regulatory body
-Attending to routine secretarial matters of the company such as
-First board meeting,
-Annual general meeting,
-Affixation of common seal,
-Providing company biz profile records.
-Safekeeping, updating, and maintaining registers, minutes book, and other statutory records.
-Reminding you of the various statutory compliance dates
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We have different levels of services that meets your requirements.

Appointment of Corporate secretary – S$180 – S$300 per annum
(This is optional as you may appoint yourself or your fellow director to be a Corporate secretary)

Corporate secretarial services
Start-up pricing – S$150 per annum (1 director / 1 shareholder)
Others ranging from S$180 – S$360 (depending on the number of directors/and location of directors)
Companies with corporate ownership – S$300 – S$720 p.a.

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Singapore accounting, Singapore taxation, Singapore bookkeeping, Singapore corporate secretarial, Singapore auditing, Singapore Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

We provide periodic financial reporting as per your request.

Monthly, Quarterly, Half yearly and Annually.

Our accounting services can be in line with your GST reporting requirements.

We based our charges on your volume of transactions. Typically a normal trading company with a turnover of S$1M will incur about $200-300 per month in bookkeeping fees.

Our bookkeeping fees includes GST reporting services.

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Singapore accounting, Singapore taxation, Singapore bookkeeping, Singapore corporate secretarial, Singapore auditing, Singapore Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

How will we assist you?
1. We will submit an online name application to check whether your proposed name can be approved.
2. We can assist you in reserving your proposed name for up to 60 days.
3. We will then assist in submitting an online incorporating transaction. (see below for details)
4. We will then assist you in the post-incorporation matters. (see below for details)

Our fees: For incorporating a local company, your investment is $585/- (inclusive of government (ACRA) charges).

Pre-incorporation preparation:
a. Gathering of the particulars of shareholders
b. Gathering of the particulars of directors
c. Setting out the share capital details
d. Setting out the allotment of shares
e. Determining the registered address
f. Appointment of the company secretary (as an officer)
g. Preparation of the M&AA (Memorandum and Articles of Assoication)
h. Preparation of consent to act as directors forms
i. Application for allotment of shares forms

Post-incorporation preparation:
a. First meeting of directors
b. Appointment of chairman
c. Confirmation of appointment of directors
d. Declaration of directors’ interest
e. Preparation of statutory registers, minute books and company seal
f. Preparation and issue of share certificates
g. Determine financial year end
h. Appointment of auditor (*)
i. Opening of bank account
j. Preparation of EGM and resolutions for the above matters.

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Singapore accounting, Singapore taxation, Singapore bookkeeping, Singapore corporate secretarial, Singapore auditing, Singapore Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

International trade is a key pillar of the Singapore economy. Strategically situated at the crossroads of the world’s major aviation and shipping routes, the nation’s premier trade hub status is enhanced by our proximity to source and consumer markets, the critical mass of international trading companies based here, and our efficient trade infrastructure and trade support services.

To continue to facilitate and develop international trading activities, International Enterprise (IE) Singapore launched the Global Trader Programme (GTP) in June 2001. Formed by the merger of the Approved Oil Trader (AOT) and the Approved International Trader (AIT) programmes, the GTP allows companies on the programme to enjoy a concessionary tax rate on qualifying trade income. The programme encourages global trading companies to use Singapore as their regional or global base to conduct activities along the total trade value-add chain from procurement to distribution, in order to expand into the region and beyond.

Over the years, the programme has attracted a vibrant cluster of global trading companies to hub their strategic business functions in Singapore. These companies are key players in their respective commodity sectors such as Oil & Chemicals, Agricultural Commodities as well as Metals & Minerals. Today, more than 270 global trading companies have chosen to anchor their regional and or global business operations in Singapore.

IE Singapore welcomes global trading companies that meet the above criteria to apply for the GTP status and join the vibrant international trading community in Singapore

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Singapore accounting, taxation, bookkeeping, corporate secretarial, auditing, Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

The following companies are exempted from audit:

* EPC with revenue not more than S$5 million for the financial year starting on or after 1 June 2004; or
* EPC with revenue not more than S$2.5 million for the financial year starting on or after 15 May 2003 but before 1 June 2004; or
* Any company, including an EPC, that is dormant for the financial year starting on or after 15 May 2003

What is an Exempt Private Company (EPC)?

An Exempt Private Company (EPC) is defined as a company which has not more than 20 shareholders and its shares are not held by another company under Section 4(1) of the Companies Act. They can also be those that the Minister has gazetted to be known as EPC.

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Singapore accounting, taxation, bookkeeping, corporate secretarial, auditing, Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

If the software is an office system software that is developed for business use, enhanced allowance can be claimed on its development costs. Development of other information technology software for business use can also qualify for enhanced allowance under the PIC if the costs are incurred on or after 15th Dec 2010.

Will expenditure incurred on upgrading of software fall under automation equipment?

Expenditure incurred on purchase of office system software upgrades will qualify for enhanced allowance. Expenditure on other information technology software upgrades will also qualify for enhanced allowance if it is incurred on or after 15th Dec 2010.

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Singapore accounting, taxation, bookkeeping, corporate secretarial, auditing, Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.

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Singapore accounting, taxation, bookkeeping, corporate secretarial, auditing, Form C, FRS compilation, AGM, GST reporting services for SMEs. Accountingbpo.com Pte Ltd.