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Top Services Offered by Accounting Service Firms in Singapore

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Top Services Offered by Accounting Service Firms in Singapore

If you want to manage all accounting works of small businesses in Singapore, you should better know the legal norms of ACRA (Accounting and Corporate Accounting) and IRAS (Inland Revenue Authority in Singapore) first. As per the legal rules of such authorities, you will have to calculate the right taxes of business and file for them on time. But, many SMEs in Singapore do not find it easy to calculate income tax and GST tax as per the guidelines of the authorities. However, they have to look to alternatives that can help them to fulfill their business accounting needs. If you are also facing accounting issues in business and want to streamline it well, you should contact the licensed accounting service agencies in Singapore. In the country, you will find many private and government-approved accounting and taxation service agencies. They are available to serve you all ranges of accounting services, financial solutions, tax planning, bookkeeping, and corporate solutions too.

Let’s take a look at some key accounting needs of SMEs in Singapore that can be fulfilled by the best accounting service agencies in the country.

  1. Income and GST Taxes

If your accounting department is not getting the right taxable amount to pay, you should take the services of the best accounting service agency in Singapore. The agency will help you calculate the right income tax and GST tax as per ACRA and IRAS rules in the country. Also, the accounting agencies will file for taxes on time on behalf of your company. Usually, the corporate taxes for income tax and GST tax for SMEs are set as 17% and 7% respectively. If you do not find it well to calculate the right taxes, you should not be late to contact the best accounting service firm in Singapore and file the taxes easily. You will get all income tax services and GST filing solutions in Singapore at affordable charges.

  1. Company GST Registration

Every SME or large level company in Singapore must have a GST number to file goods and services tax. If you do not know how to apply or register for a GST number in Singapore, you may contact the best accounting service firm in the country. The accounting professionals at the agency will do file a GST number on behalf of your company and will also register for it through the legal documentation process. Your company GST registration in Singapore will get done soon by the accounting agencies as per the standard rules of ACRA. Once you get the GST number, you need to start filing a 7% GST standard tax of the annual income of the business without fail.

  1. Company Audit Service

If your company’s accounting staff is unable to do the right audit of the company’s annual expenses or calculate taxes, you should better take the assistance of experienced accountants from trusted accounting agencies in Singapore. You can hire accounting staff for a week or days before tax filing to do the right audit of the company’s expenses. In the best audit services offered by the accounting service agencies, you will get good audit and calculation of the company’s expenses, taxes, and financial matters and all will get done with accuracy. For company audits, the accountants do use standard accounting software that will make it easier to do easy audits and calculations of clients’ business taxes and expenditures to get the right taxable value.

  1. Company Registration

It is also feasible to get complete company registration services at the top-notch accounting service agencies in Singapore. The agencies will do follow all legal corporate norms and documentation processes to register new businesses in Singapore. Thus, it helps new enterprises or foreign businesses in Singapore to get registered easily with aid of genuine accounting service firms in the country.

In all the above matters, you can take the services of the best accounting service agencies in Singapore and get rid of legal as well as operational issues in accounting works for a business with ease.

 

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