Mind Transformation

Providence Corporate Advisory Pte. Ltd.

Our trainings  are conveniently held  at 6 Sinaran Drive, Soliel@Sinaran, which is next to Novena MRT. Free parking available.

Report of the financial condition of a firm.

Providence provide compilation of accounts services where we will review your draft accounts (Profit and Loss, Balance Sheet and General Ledger) and prepare the full set of financial reports, including the Directors’ Report and  Statements,  and the following statements  in accordance with Singapore Financial Reporting Standards (“FRS”):

–       Statement of Comprehensive Income

–       Statement of Financial Position

–       Statement of Changes in Equity

–       Statement of Cash Flows; and

–       Notes to the Accounts.

This is especially cost effective when you can gather the basic financial information but do not have the capabilities to prepare the full set of financial reports. We will also advise you as to how to gather these information and present to us so that we can work efficiently together.

Strike off your dormant companies to avoid unnecessary compliance fees.

We can assist you to apply to strike off your dormant companies to avoid unnecessary compliance fees. The following are some conditions that you must meet in order that your application to strike off can be successful.

1. The records of the company as appears in the “Summary of Returns Lodged” is accurate and up to date.
2. The company officers have no outstanding summonses or composition fines issued by ACRA or Warrant of Arrest issued by the Court.
3. The company has no outstanding penalties or offers of composition fine owing to ACRA.
4. The company has no outstanding tax liabilities owing to IRAS and is not indebted to any other government department.
5. The company has no outstanding charges in the Register of Charges.
6. The company is not involved or threatened with legal proceedings within or outside Singapore.
7. The directors have obtained the written consent of the majority of shareholders to strike the name of the company of the register.
8. The company has no contingent assets and liabilities (i.e. assets/liabilities that may arise in the future).
9. The company has been dormant.

 The fees for application to strike-off companies starts from $450, including $35 fees paid to ACRA.

We help you to meet your tax deadlines and assist you in tax compliance under an accredited tax practitioner recognised by IRAS.

We provide the following services relating to GST:

1. GST registration
2. Quarterly or half-yearly GST submission
3. Review of your accounting system to provide advisory on enhancement needed to ensure all essential information for GST is captured.

We provide the following services relating to Corporate Tax:

1. Submission of Form C
2. Follow up on enquiries from IRAS pertaining to our submission

Computation of payroll, Generation of payslips, CPF submission, and IR8A forms.

Our highly efficient and confidential payroll services include the following:

1. Computation of payroll,
2. Generation of payslips,
3. CPF submission, and
4. IR8A forms.

We also help companies with less than 50 staff to set up their payroll system using Excel or MYOB Payroll and provide training as required.

Book-keeping services for small and medium size companies.

We provide book-keeping services for small and medium size companies using MYOB Accounting System. You can opt to have monthly, quarterly or yearly closing, depending on your needs.

We also provide advisory services to companies on setting up their own accounting system and provide an incubation service, where our professional team will handle the accounts until the Company is ready to set up its own accounting team. We can  provide training for the new accounting team.

We also assist companies to clear backlog and review the accounting work done so that they can be ready to be audited.

Book-keeping charges starts from $100 per month. We also provide compilation of accounts, which starts from $500, depending on the complexity and timeline of the accounts.

It is mandatory legal requirement that a company incorporated in Singapore must have a Company Secretary.

Each company must fullfil their statutory reporting requirements as set out by the Singapore Government Legislation otherwise fines are imposed on a monthly basis until the said requirements are fullfilled. This can lead to costly compounded bills. It is therefore worthwhile appointing a experienced professional company secretary to ensure your company does not fail to comply with Singapore’s reporting requirements.

Whilst Company Secretaries have various legal requirements to fulfill, they do not have any management control of the company.

Providence can provide you with pro-active and efficient Company Secretarial Services at very reasonable all-inclusive annual rates (ACRA fees are to be reimbursed).

This service includes:

• AGM ( Annual General Meeting) documentations
• Annual Report Filing
• Preparation of Directors’ Resolution in Writing for Opening/Closing of Bank Accounts
• Changes of Directors’particulars
• Other required documentations