How can we help?
If you have any question regarding our service, leave us a message and we would love to walk you through any queries.
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How can we help?
If you have any question regarding our service, leave us a message and we would love to walk you through any queries.
One-stop accounting service to keep your business 100% compliant.
Get free advice for your unique business needs from our range of professional services.
How can we help?
If you have any question regarding our service, leave us a message and we would love to walk you through any queries.
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Company Secretarial and Accounting Firm in Singapore
SJH Advisory is a business consulting and accounting firm in Singapore that caters to all your accounting needs and helps you achieve your organizational goals. We understand that excellent accounting services are one of the lifelines of every business organization. Motivated by this understanding, we have expert accountants on standby with sound knowledge of accounting services in Singapore to make your business accounting processes seamless.
Whether you are a foreign or local investor with a business in Singapore, we have the best capability to assist you with audit/unaudited services, bookkeeping, secretarial services, tax services, and anything else you need for your business account.
Our experts have an unequivocal understanding of tax requirements, tax legislations, local and international accounting standards, GST preparations, and any other services you might need. We treat your business as our own because your success is ours. Understanding your pain points allow us to offer customized solutions that will propel you to achieve your business goals while following all local and international accounting laws.
Types of Our Services in Singapore
Our ultimate goal is to see your business boom, so we pay close attention to hiring experienced and accredited business consultants to handle your business compliance requirements. Our dedicated business consultants offer various services including:
1. Audit Services in Singapore
The audit services we offer are a thorough, objective evaluation and analysis of your organization’s financial statements to ensure your transaction claims are accurate and in accordance with Singapore laws and regulations. An audit from our professional team is more than mere financial data evaluation. We go through all your financial records to help you discover business challenges and suggest ways to improve them.
In addition, our team of professionals ensures due diligence while checking your financial transactions, bank balance, and other relevant accounting documents. Our goal in conducting the auditing exercise is to improve your risk management policies and other governance-related matters when we act as external or internal auditors.
2. Corporate Secretarial Services in Singapore
Our corporate secretarial team adopts the best structure to ensure your business complies with the statutory provisions of the Accounting and Corporate Regulatory Authority (ACRA) for each accounting period. We have skilled and accredited professionals who can manage all your business accounting regulations needs in Singapore.
3. Tax Services in Singapore
Tax computation can be tiresome and you will likely need a tax expert to help you arrive at the exact figures. We offer all kinds of tax services, from personal tax services to corporate tax services, international tax advisory, and GST services. One of the core duties of our tax services team is to notify you of any regulatory changes in Singapore’s tax regime.
Singapore is a low tax jurisdiction because there are certain tax exemptions for business owners who are nationals of countries that have signed the double tax treaty with Singapore. We help your company with tax incentive optimization by submitting all necessary forms to the IRAS. In addition, our tax team can help you obtain the document identification number, and goods and services tax number where applicable. Avoid these formalities when you engage us to help you compute your tax numbers and answer all your tax questions.
4. Accounting and Bookkeeping Services
Our accounting team is accredited, trained and highly professional in their service offering to your company. We have solid experience in accounting and bookkeeping services in Singapore and can help you create customized accounting solutions.
Aside from this, we classify your transactions and reconcile them with bank statements for an accurate record. With this record, your financial statement is drafted to perfection for annual returns. Additionally, we examine your financial performance and provide insights for you to make better financial management decisions. Our experienced accountants will help you manage your account without any compliance issues.
5. Company Formation Services
Are you finding it difficult to locate company formation services in Singapore? Search no more! We can assist you with all the initial requirements and have a dedicated team that specializes in business formation in Singapore. Furthermore, we deliver our services to satisfy all statutory requirements for your company. At SJH advisory, we will help you identify the right business category and take you through the entire process of registration. This includes filing your documents with ACRA to ensure a smooth formation process. You can trust our company incorporation service in Singapore to deliver results quickly and proficiently. Ours is a one-stop service for all your incorporation needs and strategic policy advisory.
6. Overseas Company Formation Services
Besides providing professional services in Singapore, SJH Advisory offers overseas company formation services in Hong Kong, Taiwan, Malaysia, Vietnam, and South Korea. As a result, you are able to devote time to other aspects of expansion without having to worry about the administrative demands of forming an overseas company. We have a team of professionals who have an in-depth understanding of the regulatory requirements in these regions. They have a wide range of experience and can assist you in registering a private company overseas without any regulatory breaches. If you want to expand your business beyond the shores of Singapore, we will work with you to make your expansion dreams a reality.
7. Payroll Services in Singapore
Our customized payroll solutions, coupled with our outstanding services can meet all your payroll needs. As our team of accountants are known for technical excellence in computing employees’ salaries, you can trust us to accurately calculate your employees’ taxes and bonuses. We have a ready team with local and international experience, waiting to take your business finance to the next level.
Why You Should Use our Accounting Services in Singapore
1. Punctual delivery of accounting services
Undoubtedly, delegating your accounting and bookkeeping services to us is one of the best business decisions you can make. We deliver your work within the stipulated time frame, and without jeopardizing due diligence.
2. Flexible accounting services
Outsourcing your business accounting services to our firm will help you achieve your business’s financial goals without the usual distractions and stress that come with bookkeeping. Our accounting services are flexible as we aim to work with your business’s objectives and meet its unique needs. With us by your side, you can concentrate on other essential aspects of your business, rest assured knowing that we will help you handle the difficulties that come with your accounting processes.
3. Hassle-free professional support
Do you want to have a stress-free accounting process? Our highly-qualified team of accountants and tax agents are always ready to work with your business on a permanent or temporary basis. Leave everything relating to your accounting, financing, and bookkeeping needs to us, and we will be glad to help you handle them all.
4. Professional and practicable advisory services
We pride ourselves on the precision of our account assessment, which we rely on to give you relevant, practicable, and relatable suggestions and feedback in line with current accounting realities and principles.
5. Affordable services
We have various packages for our business accounting services, and one of them is sure to fit into your budget. No more risks of accounting scandals; you can undoubtedly trust us with accurate financial statement preparation as we help you meet all government requirements without flouting any rules.
Major Accounting Standards in Singapore
If you have a company in Singapore, you are required to prepare the annual statutory records that contain your audited/unaudited financial statements, estimated chargeable income, income tax return and annual returns. In addition, your financial statements should be presented in accordance to the Singapore Financial Reporting Standards.
All these standards are easy to comply with if you hire our team of experienced accountants. We will help you prepare your statutory financial statements to meet both local and international standards.
Benefits of Accounting Services in Singapore
Engaging an outsourced accounting and bookkeeping service in Singapore is beneficial in the following ways:
1. Cost-Effective
The cost of outsourcing is low compared to hiring internal accountants because it removes the need to hire people for different accounting roles. In addition, the outsourcing fee becomes a fixed cost that you can budget for every accounting year.
2. Time-Saving
Outsourcing your business accounting needs helps you free up the time otherwise taken up by the task. In addition, you can productively allocate your time for other business-related functions like business strategy and development.
3. Reduced stress
Having an internal team will require regular evaluation and additional hiring. You can ease the stress that comes with accounting by outsourcing all your accounting needs. At SJH Advisory, we can handle all the accounting complexities while you attend to other pressing business needs.
4. Expert advisory services
Outsourcing gives you access to expert advisory services from accredited and experienced accountants. You will get additional benefits like objective account evaluation, internal audit, tax structuring and planning, among other premium financial management services.
5. Experienced accounting team
Our accounting service team consists of industry experts to help you solve a variety of accounting complexities that may occur. You can save the extra costs of training internal accountants and avoid problems you might face if these internal personnel are unable to resolve such complexities.
6. Regulatory updates
You don’t have to worry about accounting regulatory compliance, updates, or penalties. Our team of accountants will keep you abreast of regulatory changes. We will ensure your deliveries meet the financial standards of ACRA.
Get a FREE Quote
Home
Company Secretarial and Accounting Services in Singapore
SJH Advisory is a business consulting and accounting firm in Singapore that caters to all your accounting needs and helps you achieve your organizational goals. We understand that excellent accounting services are one of the lifelines of every business organization. Motivated by this understanding, we have expert accountants on standby with sound knowledge of accounting services in Singapore to make your business accounting processes seamless.
Whether you are a foreign or local investor with a business in Singapore, we have the best capability to assist you with audit/unaudited services, bookkeeping, secretarial services, tax services, and anything else you need for your business account.
Our experts have an unequivocal understanding of tax requirements, tax legislations, local and international accounting standards, GST preparations, and any other services you might need. We treat your business as our own because your success is ours. Understanding your pain points allow us to offer customized solutions that will propel you to achieve your business goals while following all local and international accounting laws.
Types of Our Services in Singapore
Our ultimate goal is to see your business boom, so we pay close attention to hiring experienced and accredited business consultants to handle your business compliance requirements. Our dedicated business consultants offer various services including:
1. Audit Services in Singapore
The audit services we offer are a thorough, objective evaluation and analysis of your organization’s financial statements to ensure your transaction claims are accurate and in accordance with Singapore laws and regulations. An audit from our professional team is more than mere financial data evaluation. We go through all your financial records to help you discover business challenges and suggest ways to improve them.
In addition, our team of professionals ensures due diligence while checking your financial transactions, bank balance, and other relevant accounting documents. Our goal in conducting the auditing exercise is to improve your risk management policies and other governance-related matters when we act as external or internal auditors.
2. Corporate Secretarial Services in Singapore
Our corporate secretarial team adopts the best structure to ensure your business complies with the statutory provisions of the Accounting and Corporate Regulatory Authority (ACRA) for each accounting period. We have skilled and accredited professionals who can manage all your business accounting regulations needs in Singapore.
3. Tax Services in Singapore
Tax computation can be tiresome and you will likely need a tax expert to help you arrive at the exact figures. We offer all kinds of tax services, from personal tax services to corporate tax services, international tax advisory, and GST services. One of the core duties of our tax services team is to notify you of any regulatory changes in Singapore’s tax regime.
Singapore is a low tax jurisdiction because there are certain tax exemptions for business owners who are nationals of countries that have signed the double tax treaty with Singapore. We help your company with tax incentive optimization by submitting all necessary forms to the IRAS. In addition, our tax team can help you obtain the document identification number, and goods and services tax number where applicable. Avoid these formalities when you engage us to help you compute your tax numbers and answer all your tax questions.
4. Accounting and Bookkeeping Services
Our accounting team is accredited, trained and highly professional in their service offering to your company. We have solid experience in accounting and bookkeeping services in Singapore and can help you create customized accounting solutions.
Aside from this, we classify your transactions and reconcile them with bank statements for an accurate record. With this record, your financial statement is drafted to perfection for annual returns. Additionally, we examine your financial performance and provide insights for you to make better financial management decisions. Our experienced accountants will help you manage your account without any compliance issues.
5. Company Secretarial Services
Are you finding it difficult to locate company formation services in Singapore? Search no more! We can assist you with all the initial requirements and have a dedicated team that specializes in business formation in Singapore. Furthermore, we deliver our services to satisfy all statutory requirements for your company. At SJH advisory, we will help you identify the right business category and take you through the entire process of registration. This includes filing your documents with ACRA to ensure a smooth formation process. You can trust our company incorporation service in Singapore to deliver results quickly and proficiently. Ours is a one-stop service for all your incorporation needs and strategic policy advisory.
6. Overseas Company Formation Services
Besides providing professional services in Singapore, SJH Advisory offers overseas company formation services in Hong Kong, Taiwan, Malaysia, Vietnam, and South Korea. As a result, you are able to devote time to other aspects of expansion without having to worry about the administrative demands of forming an overseas company. We have a team of professionals who have an in-depth understanding of the regulatory requirements in these regions. They have a wide range of experience and can assist you in registering a private company overseas without any regulatory breaches. If you want to expand your business beyond the shores of Singapore, we will work with you to make your expansion dreams a reality.
7. Payroll Services in Singapore
Our customized payroll solutions, coupled with our outstanding services can meet all your payroll needs. As our team of accountants are known for technical excellence in computing employees’ salaries, you can trust us to accurately calculate your employees’ taxes and bonuses. We have a ready team with local and international experience, waiting to take your business finance to the next level.
Why You Should Use our Accounting Services in Singapore
1. Punctual delivery of accounting services
Undoubtedly, delegating your accounting and bookkeeping services to us is one of the best business decisions you can make. We deliver your work within the stipulated time frame, and without jeopardizing due diligence.
2. Flexible accounting services
Outsourcing your business accounting services to our firm will help you achieve your business’s financial goals without the usual distractions and stress that come with bookkeeping. Our accounting services are flexible as we aim to work with your business’s objectives and meet its unique needs. With us by your side, you can concentrate on other essential aspects of your business, rest assured knowing that we will help you handle the difficulties that come with your accounting processes.
3. Hassle-free professional support
Do you want to have a stress-free accounting process? Our highly-qualified team of accountants and tax agents are always ready to work with your business on a permanent or temporary basis. Leave everything relating to your accounting, financing, and bookkeeping needs to us, and we will be glad to help you handle them all.
4. Professional and practicable advisory services
We pride ourselves on the precision of our account assessment, which we rely on to give you relevant, practicable, and relatable suggestions and feedback in line with current accounting realities and principles.
5. Affordable services
We have various packages for our business accounting services, and one of them is sure to fit into your budget. No more risks of accounting scandals; you can undoubtedly trust us with accurate financial statement preparation as we help you meet all government requirements without flouting any rules.
Major Accounting Standards in Singapore
If you have a company in Singapore, you are required to prepare the annual statutory records that contain your audited/unaudited financial statements, estimated chargeable income, income tax return and annual returns. In addition, your financial statements should be presented in accordance to the Singapore Financial Reporting Standards.
All these standards are easy to comply with if you hire our team of experienced accountants. We will help you prepare your statutory financial statements to meet both local and international standards.
Benefits of Accounting Services in Singapore
Engaging an outsourced accounting and bookkeeping service in Singapore is beneficial in the following ways:
1. Cost-Effective
The cost of outsourcing is low compared to hiring internal accountants because it removes the need to hire people for different accounting roles. In addition, the outsourcing fee becomes a fixed cost that you can budget for every accounting year.
2. Time-Saving
Outsourcing your business accounting needs helps you free up the time otherwise taken up by the task. In addition, you can productively allocate your time for other business-related functions like business strategy and development.
3. Reduced stress
Having an internal team will require regular evaluation and additional hiring. You can ease the stress that comes with accounting by outsourcing all your accounting needs. At SJH Advisory, we can handle all the accounting complexities while you attend to other pressing business needs.
4. Expert advisory services
Outsourcing gives you access to expert advisory services from accredited and experienced accountants. You will get additional benefits like objective account evaluation, internal audit, tax structuring and planning, among other premium financial management services.
5. Experienced accounting team
Our accounting service team consists of industry experts to help you solve a variety of accounting complexities that may occur. You can save the extra costs of training internal accountants and avoid problems you might face if these internal personnel are unable to resolve such complexities.
5. Regulatory updates
You don’t have to worry about accounting regulatory compliance, updates, or penalties. Our team of accountants will keep you abreast of regulatory changes. We will ensure your deliveries meet the financial standards of ACRA.
Frequently Ask Quenstions
Simply put, bookkeeping is about the meticulous recording of daily financial transactions of a business. On the other hand, accounting uses bookkeeping records to analyze, monitor, file reports, and determine the company’s financial health.
Accountants and bookkeepers have different roles in the financial cycle of a company. While the bookkeeper maintains the company’s general ledger, the accountant processes the data on record to prepare the company’s financial statements, compute tax returns, and generally analyze its financial health.
The function of accounting is to analyze all business financial information and monetary transactions, including records of assets and liabilities. First, bookkeepers record daily income and expenses in the general ledger. Then, the accountants will use this record to create a financial report, prepare statutory financial statements, file and compute tax returns to IRAS and file the annual returns. Finally, the accountant must ensure that the financial statements meet international and Singapore accounting standards.
A financial statement is a structured but straightforward representation of relevant financial information of a business. It includes information about a company’s financial performance and other business activities within a financial cycle. Internal and external government auditors audit this statement to ensure transparency and accuracy of the account.
Accounting standards are principles that govern the reporting of business financial transactions. They aim to set out specific requirements and measurements of the financial performance of businesses. In Singapore, the accounting standard is the Singapore Financial Reporting Standards (SFRS) based on the International Financial Reporting Standards (IFRS). It is expected that all companies comply with the standards.
Accounting helps you to monitor your business income and expenditures for management purposes. In addition, accounting services ensure your business complies with regulatory requirements. With proper accounting services, you have access to quantitative financial information on your business that you can use for making business decisions. Lastly, accounting helps you to evaluate your business performance.
Engaging outsourced accounting services means you hire a service provider to maintain your account to ensure accurate and professional recording. This will relieve you of the stress and complexities attached to such computation. In addition, you have access to accredited professionals that will update you on regulatory changes. It is also cost-effective because you don’t have to hire internal accountants. There is always a fixed cost that you can budget for, which will help your financial plan. Lastly, outsourcing is the best choice to make if you need expert advice on your business financial performance.
With an accounting service, your financial records are always up to date without the time and effort of bookkeeping. Moreover, timely accounting gives you a better idea of your business’s financial standing and metrics that you can use as a basis for making better decisions.
Every company in Singapore should engage financial accounting services to maintain an updated account. The updated account is required for annual filings to comply with the law.
Financial year end refers to the completion of an accounting period. There is no single financial year end for businesses in Singapore. Instead, each company will determine its end of the year; it doesn’t have to fall on 31st December.
The tax authority in Singapore is the Inland Revenue Authority of Singapore (IRAS). The authority is responsible for the tax administration of the country.
Based on the SFRS standards, the financial statements required in a financial year include the following:
- A statement of financial position
- A statement of comprehensive income
- A statement of changes in equity
- A statement of cash flows
IRAS requires every Singapore company to file an annual tax return. Companies must file their estimated chargeable income within three months of the end of the financial year, and the final tax return by 30 November.
Singapore is a tax haven because the tax rate is one of the lowest globally. It also provides tax benefits to foreign offshore companies.
Contact Us
If you have any enquiries, please feel free to contact us. We will answer your question as soon as possible, Thank You!
Contact Us
If you have any enquiries, please feel free to contact us. We will answer your question as soon as possible, Thank You!
