Accounting and Tax

Accounting and Tax

ContactOne Professional Services offers a wide range of accounting and tax support to emerging and small to medium enterprises. Our services include bookkeeping, compilation of financial statements, payroll management, tax planning, corporate tax services and GST filing submissions.

Our services are highly customizable and we are able to support your business depending on the exact need of your accounting and tax requirements.

Package Financial Statement and Tax All-In-One Financial Statement + Tax + AGM Full Fledged Accounting and Secretarial Package with Payroll
Pricing

$650

per year

$790

per year

fr. $1 000

per year

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Compilation of Financial Statements
  • Estimated Chargeable Income filing within 3 months from your accounting year end
  • Preparation of Main Tax Computation
  • Preparation of Additional Tax Schedules required
  • Tax Filing of Form C-S to IRAS (Fee subject to changes for Form C filing)
   
Company Secretarial Support
  • Provision of named company secretary for the Company
  • Preparation of Standard AGM documents
  • Submission of Annual Return to ACRA
  • E-Reminder Service to remind Company of deadlines
 
Bookkeeping Service (Inclusive of GST Reporting)  
Payroll Service  

Bookkeeping Services

Our bookkeeping services will translate your business transactions into useful financial information relating to your company performance. You will be able to review your company financials using the management report package generated by us, which can include the following reports:

  • Balance Sheet
  • Profit and Loss
  • General Ledger
  • Accounts Payable / Accounts Receivable Listing
  • Fixed Asset Schedule
  • GST Report for GST Registered Clients
  • Bank Reconciliation

1 x 40mm File

Approx. 50 – 120 transactions

$350 – $700

Bookkeeping Fee

$550

FS Compilation and Tax Filing

1 x 75mm File

Approx. 130 – 200 transactions

$750 – $1 300

Bookkeeping Fee

$550

FS Compilation and Tax Filing

Compilation of Financial Statements

The financial statements compilation aspect is the portion whereby all your bookkeeping records are translated into a proper accounts, presented in accordance applicable accounting standards in Singapore. You will typically need financial statements for the purpose Annual General Meetings, tax submission and accountability to shareholders of the Company. In some instances the financial statements are used to obtain banking facilities, apply for government grants and to meet regulatory requirements in specific industries.

Our Fees – Compilation Fee for Unaudited Financial Statements

From $375

Additional fees associated with unaudited financial statements compilation

$50

Inclusion of fixed assets disclosure

$100

Inclusion of Bank Loan and/or Hire Purchase disclosures

Fr. $400

Compilation of Parent Company with Group Level reporting

$50 – $200

Any other additional FRS disclosure requirements

$321

Translation of Financial Statements to XBRL format (financial highlights)

Fr. $642

Translation of Financial Statements to XBRL format (full set)

Payroll Service

Payroll is an essential expense and there are regulations governing staff pay. We are able to assist you areas such as:

  • Calculation of monthly Employee salary and statutory CPF deductions
  • Preparing salary disbursement schedule for your staff and to the CPF board
  • Submission of monthly CPF e-Filing
  • Preparation of Cheque to staff for monthly salary disbursement
Monthly payroll service for payroll support covering

$250

Up to 5 staff members

$450

Up to 10 staff members

$650

Up to 15 staff members

$800

Up to 20 staff members

$35 per staff

From the 21st staff member onwards

$5 per staff

Preparation of Cheques to Staff

$50

Cheque Deposit Service on behalf of Staff

$200

Monthly GIRO submission

One Time Payroll Services

$100

CPF Account Registration

$250

Bank Account GIRO setup

From $80 per staff

Preparation of IR8A

Corporate Tax Submission

All companies need to submit their tax returns in the relevant Year of Assessment pertaining to the financial year passed. Let us assist you in ensuring that your tax filing are done on time, without missing out on useful deductions available to your company. Our corporate tax services assist you in the:

  • Preparation of Tax Computation and tax schedules
  • Filing of Estimated Chargeable Income 3 months after your Financial Year End
  • Filing of Corporate Tax Return in Form-C or Form C-S in the relevant Year of Assessment
  • Liaison with IRAS to answer queries relating to your tax matters
Our Fees – Corporate Tax Services

$375

Form C-S with Tax Computation

$590

Form C with Tax Computation

Note: Form C-S is applicable for a Singapore incorporated company that has annual turnover of $5M or below ($1M for YA2016 and before), derives only income taxable at 17% and is not claiming for carryback of CA/Losses, Group Relief, Investment allowance, R&D Allowance, Foreign Tax Credit and Tax deducted at Source.

$100

For Tax Returns with Capital Allowance, PIC allowance or S14Q R&R claims

$150 – $350

PIC Cash Payout Submission

From $50

Other ad-hoc tax services

For Companies who have completed the accounts on their own or have their accounts done up by other external accountants

Contact us directly via phone at 6333 0633 or email us at [email protected].

Our tax specialists will go through your accounts to ensure your accounts are sufficiently done up for the purpose of corporate tax submission.
We will need you to provide the following documents for us to commence your tax work:

  • Audited/Unaudited Financial Statements for the financial year to be filed
  • Detailed Profit and Loss
  • General Ledger
  • Fixed Asset Listing
  • Prior Year Corporate Tax filing computation and filing records
  • IRAS correspondences (if any)
  • GST Form 5 filings for the year (if you are GST registered)
  • Source documents for transactions that took place during the financial year to be filed (to be provided on request only)
  • Any other supporting schedules that may be needed, depending on the nature of your business and accounting methods