The 2 Regulators That You Don't Want to Mess Around With
As a business owner, chances are you probably receive a Notice Letter at one point of your career from IRAS or ACRA to remind you of your filing obligations such as AGM or ECI. Athel specialises in the compliance filings of SMEs to regulators.
• Convene AGM to table financial statements.
• Submit AGM details and declarations.
• Submit Tax computation and tax schedule.
Being in compliance with ACRA and IRAS simply means preparing a standard set of accounts. Because with the accounts, a Company may:
Convene an Annual General Meeting (AGM) in order to file Annual Return (AR) to ACRA
Prepare tax computation in order to file Corporate Income Tax to IRAS
Stages of filing of accounts looks Ike the below:
Preparation of accounts starts from the preparation of source document such as sales invoices and payment vouchers. Information are entered into computerised accounting system to generate Management Accounts such as a Profit or Loss statement (Companies Act S199).
With the information from management accounts, we can prepare Unaudited Financial Statements (UFS) in accordance to Financial Reporting Standards (FRS) and tax computation in accordance to Income Tax Act Cap 134.
With the UFS and tax computation, we may convene AGM, filing Annual Return to ACRA and tax forms to IRAS.
By outsourcing your accounts and filing obligations to a qualified accountant, you free up precious time to focus on your core business.
In a typical engagement of 2-4 weeks from the collection of document, our clients only have to maintain source documents such as sales invoices, payment vouchers and bank statements.
After which, Athel takes over, hassle free!
Athel accesses client’s filing system & gives recommendations.
Athel collects source documents and prepares management accounts.
Client approves Management accounts and Athel files to ACRA and IRAS.
Athel provides a full suite of integrated services designed for a SME to have hassle free filing season
We believe that a business owner’s accountant is also his/her business partner, and a mismatch can be costly to both parties.
Throughout the years of practice, we have selected our target clients and developed resources and capabilities to serve them accordingly.
With limited capacities as a small firm, we conserve our capacities by leaving some clients who require the services of a bigger accounting firm to the bigger accounting firms.
“We understand how entrepreneurs think. Because we are running a business too.”
Chartered Accountant Singapore
(Athel Corporate Advisory)