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COMPANY FILING REQUIREMENTS :
A) ACRA ( ACCOUNTING AND CORPORATE REGULATORY AUTHORITY)
ANNUAL GENERAL MEETING(AGM)
– Within 18 Months of incorporation or 6 Months after year end, whichever earlier –
ANNUAL RETURNS OF DIRECTORS AND SHAREHOLDERS AND ACCOUNTS ETC.
– Within one Month after AGM
AUDITED ACCOUNTS/ UNAUDITED ACCOUNTS
– Ready for agm 14 Days before AGM
– Accounts year and must be made up not more than 6 Months before the AGM
DOCUMENTS FOR AUDITING/ ACCOUNTS COMPILATION
– Ready for agm 14 Days before AGM
– Accounts Year end must be made up not more than 6 Months before the AGM
B) ACRA ( ACCOUNTING AND CORPORATE REGULATORY AUTHORITY)
FILING OF ESTIMATED CHARGEABLE INCOME
– Within 3 Months of Year end
FILING OF FORM C RETURNS
– 30/11/2013
C) GOODS AND SERVICES TAX REGISTRATION (GST)
– Registration is required once the company is aware that sales for the next 12 months will be more than SGD$1,000,000.
We empower our clients through knowledge transfer via our Training and Management Consultancy programmes. We provide a full range of training including accounting staff training and organisation and development training for management staff. We conduct customised training for our clients to address their specific needs. In addition, we also provide management consultancy to help companies to improve their work flow so that efficiency and effectiveness can be enhanced.
Our trainings are conveniently held at 6 Sinaran Drive, Soliel@Sinaran, which is next to Novena MRT. Free parking available.
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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.
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:
We provide the following services relating to Corporate Tax:
Computation of payroll, Generation of payslips, CPF submission, and IR8A forms.
Our highly efficient and confidential payroll services include the following:
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.
Setting up an Appropriate Company Structure: It is important that you have good quality advice when incorporating your company. It is a legal entity that must be appropriate to your anticipated long term needs. Over 20 years of experience in this field has given us the knowledge and understanding that will ensure you are in safe hands. We would like to fully understand your current requirements and your long term aspirations for your company so that our advice is based on a business plan that is appropriate for many years to come.
Stage 1 – Advice
Providing advice on the appropriate company structure for your chosen enterprise. Considerations:
– Personal and Corporation Tax Implications
– Liability of Owners
– Reporting Responsibilities of Company
– Anticipated Turn-Over
– Number of Employees
– Likelihood of Expansion Overseas
Stage 2 – Details
Once the appropriate company structure is agreed upon, you will need to decide the name of your company, management structure, share ownership, and the amount of share capital.
Stage 3 – Incorporation
We will prepare the necessary paperwork for the application to the authorities and manage the process of successfully incorporating the chosen company structure on your behalf. Our charges for the incorporation of companies starts from $1,000. The fees include ACRA fees of $315 and company secretarial services for the first year.
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: