Compliance Services
Expert accounting and tax services for annual ACRA compliance.
Accounting Solutions
Comprehensive accounting services tailored for your business needs.
Tax Services
Annual Compliance
Ensure your business meets all annual compliance requirements seamlessly.
What exactly is 'annual compliance'? What does it include?
Annual Compliance is the mandatory process of fulfilling all ongoing legal and regulatory obligations required to keep your company in good standing with the authorities (like ACRA and IRAS) each year. It is not a one-time task but a recurring responsibility.
This includes filing annual return, maintaining statutory registers, holding annual general meeting, filing of corporate tax returns.
What specific tasks will you handle, and what do I need to do myself?
We haven't made any profits yet. Do we still have to file?"
Do we need to provide audited financial statements and how do we prepare them?
The requirement to file is based on your company's existence, not its profitability. Even with zero revenue or a loss, Annual Return must be filed and Tax Form must be declared.
Think of it as your company's annual health check-up with the government. It confirms you're operating transparently and keeps you in good standing, which is crucial for when you do become profitable and need to access loans or attract investors.
Our goal is to handle the complex compliance work so you can focus on your business. You’ll primarily act as the information provider, while we manage the rest.
Our annual compliance fee is based on the complexity of your company's financial transactions throughout the year. This ensures you only pay for the level of service you require.
The fee includes preparation of Unaudited Financial Statement, Government Fees and Ongoing Compliance Support Service Charge.
Whether you need audited financial statements depends on your company's size and structure. Most small private companies in Singapore qualify for audit exemption based on specific criteria.
We will guide you on your audit requirements and handle all the arrangements with the accounting firm for you, ensuring a smooth and compliant process.
How much does this cost? What is included in the fee?
Timely filing of your Annual Return is crucial, as delays can complicate your tax computation and lead to penalties. To prevent this, our tax team proactively manages the entire process. We prepare your tax submission form and monitor its status with IRAS, ensuring accurate calculation of your tax payable and keeping you fully compliant.
We haven't made any profits yet. Do we still have to file?"
Beyond a duty, it's our commitment to your peace of mind. We handle the complexities of compliance—including record-keeping, annual filings, and tax submissions—so you can focus on what you do best: growing your business.