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Our Services


Our services are grouped into:
1) Accounting Services
2) Corporate Secretarial Services
3) Tax Services

The detailed description is found below. 
Please contact us for a no obligation discussion, on how we could assist you.



Accounting Services
 
At AccVisory, our accounting services include:
  • Finance Function Outsourcing
  • Routine Accounting
  • Preparation of Unaudited Financial Statements
  • XBRL Filing
 
a)  Finance Function Outsourcing 

Management can outsource the whole or part of the finance function of your business to us. We will work together with management to understand the specific business needs and identify the portion of finance function to be outsourced. 

We will be able to help management with the whole range of finance function. From issuing invoices, processing payments, monthly payroll processing, monthly bookkeeping to financial management function commonly associated with "Chief Financial Officer" role.  We will tailor the service to suit your business needs and budget. We will be able to grow together with your business.
 
We will also be able to provide emergency staffing or short term staffing needs of your business. This range from providing manpower to cover the roles ranging from  Chief Financial Officer, Finance Manager to Accounts Assistant.
 

b)  Routine Accounting 
 
At AccVisory, we will understand the nature of your business and operations, and key business concerns. With your inputs, we will design your accounting system to generate reports which meet your business needs and allow you to make informed operational and business decisions.  
 
We will also provide you with a perspective of the current and future implications of your financial numbers. This is to assist you in managing your financial, operational and regulatory risks arising from your business environment.
 
Our routine accounting services include:
  • Set up of accounting system which provide meaning business information
  • Provide routine and non-routine reports which meet your business needs
 
 
c)  Preparation of Unaudited Financial Statements
 
The following exempt private companies (EPCs) are not required to have their accounts audited under the Singapore Companies Act:
  • annual revenue of below $2.5 million and financial year beginning on or after 15 May 2003
  • annual revenue of below S$5 million and the financial year beginning on or after 1 June 2004
EPCs are private limited companies with no corporate shareholders and have no more than 20 shareholders.However, EPCs are still required to prepare unaudited financial statements, complying with the requirements of the Singapore Companies Act and the Singapore Financial Reporting Standards for tax filling purpose with the Singapore tax authorities.
 
The directors of the companies are responsible for the unaudited financial statements lodged with the tax authorities. As business personnel, the directors may not be conversant to ensure that such unaudited financial statements are prepared in an appropriate manner. At AccVisory, we can provide this service to assist the directors to ensure that the proper unaudited financial statements are available.

There is also the new exemption from statutory audit for small companies. Please contact us for more information.
 
 
d)  XBRL Filing
 
XBRL is a filing requirement for Singapore incorporated companies to file their financial statements (“FS”) in a prescribed format and this was implemented by the Accounting & Corporate Regulatory Authority (“ACRA”) with effect from 1 November 2007.
 
XBRL is a computing language to present financial statements and this language allows financial information to be retrieved on an online basis to your stakeholders and other interested parties for various purposes.
 
The directors of companies are responsible for the accuracy of the FS in XBRL format filed with ACRA. As business personnel, the directors may not be able to prepare the FS in XBRL formatiy. At AccVisory, we can assist the directors in discharging this regulatory duty properly.
 
 
AccVisory together with you since 2012
 
Corporate Secretarial Services
 
At AccVisory, our corporate secretarial services include:
  • Acting as company secretary
  • Providing assistance on corporate secretarial matters
 
a)  Acting as company secretary
 
It is a statutory requirement for a company to have a corporate secretary who is a resident in Singapore. At AccVisory, we can provide this service if the officers of the company do not want to assume such role.
  
b)  Providing assistance on corporate secretarial matters
 
The company may wish to engage assistance on corporate secretarial matters, in the instance of the company’s secretary either not being conversant with the applicable requirement on the Singapore Companies Act or not wishing to be subject to the laborious tasks of understanding such requirements.
  
At AccVisory, we can provide assistance on routine statutory compliance tasks. This includes the maintenance of the company’s statutory registers, minutes of board meetings and/or board resolutions, and lodgement of the annual returns with the Accounting & Corporate Regulatory Authority (“ACRA”).
 
We can also provide assistance on ad-hoc compliance work at short notice.
 
 
AccVisory together with you since 2012
 
Tax Services
 
At AccVisory, our tax services include:
  • GST Compliance Services
  • Corporate Tax Compliance Services
  • GST Advisory Services
  • Corporate Tax Advisory Services
 
a)  GST Compliance Services
 
Companies making taxable supplies of goods and/or services in Singapore with annual revenues exceeding or likely to exceed S$1 million are required to register with the Comptroller of GST.
 
Companies may wish be GST-registered on a voluntary basis, in the instances where the amount of GST input tax paid is expected to be significantly higher than the amount of GST output tax collected.
 
At AccVisory, we can assist in GST registration, and preparation and submission of the GST Form 5 on a quarterly basis.
 
We also provide GST advisory services as well.
 
b)  Tax Compliance Services
 
The income of any person accruing in or derived from Singapore or received in Singapore from outside Singapore, are subject to income tax. This key tax requirement is supplemented by further detailed and complex tax requirements prescribed in the Singapore Income Tax Act and circulars issued by the Inland Revenue Authority of Singapore (“IRAS”).
 
The definition of “person” under the Singapore Income Tax Act includes individual persons and the various types of business entities. These parties are required to file tax returns with IRAS based on prescribed forms and the numbers included in these returns are to be derived based on detailed tax requirements outlined in the Singapore Income Tax Act.
 
At AccVisory, we can assist in the tax computations, and preparation and submission of the appropriate tax returns based on the Singapore Income Tax Act.

We also provide tax advisory services as well.