ACCOUNTING SERVICES SINGAPORE

Accounting Services Singapore – Stress-Free Compliance & Clear Numbers for SMEs

If you’re a business owner in Singapore searching for accounting services, chances are you’re not browsing casually. You probably have an IRAS deadline approaching, a pile of receipts that haven’t been reconciled, or a nagging feeling that your numbers aren’t quite right.

This page is for Singapore small and medium business owners who want reliable, long-term accounting support—not just a one-off filing service that disappears after tax season. Accounting Tax Singapore is a Singapore-based accounting services company focused on compliance, clarity, and proactive support for SMEs across all industries.

The problems we hear most often from new clients:

Late IRAS filings leading to penalties and stress

Messy, outdated books with no clear profit picture

Cashflow surprises because numbers weren’t tracked properly

Unresponsive accountants who take days (or weeks) to reply

Hidden fees that appear after work has started

If any of these sound familiar, you’re in the right place.

READY TO GET YOUR ACCOUNTING SORTED?

Book your accounting services consultation to review your current setup and identify any compliance risks before they become expensive problems.

Why Reliable Accounting Services Matter in Singapore

Singapore runs on deadlines. The Inland Revenue Authority of Singapore (IRAS) and the Accounting and Corporate Regulatory Authority (ACRA) set clear timelines for every company—and missing them costs real money.

For most Singapore companies, the key deadlines look like this:

Filing Deadline
Estimated Chargeable Income (ECI) Within 3 months of financial year end
Form C/C-S (paper) 30-Nov
Form C/C-S (e-filing) 15-Dec
ACRA Annual Return Within 1 month of AGM

Miss these deadlines, and you’re looking at IRAS penalties, ACRA late filing fees, and potential audits. The longer you delay, the worse it gets.

Risks of poor accounting in Singapore:

  • IRAS penalties and interest on unpaid taxes
  • ACRA late filing fees (up to S$300 per year for late annual returns, plus potential prosecution)
  • Higher audit risk if records appear incomplete or inconsistent
  • Loss of control over cash flow—you can’t manage what you don’t measure
  • Difficulty obtaining bank loans or investor funding without clean financials

Here’s what many business owners don’t realize: most SMEs don’t fail because of lack of sales. They fail because of poor financial visibility and non-compliance. When you don’t know your true profit, your cash position, or your tax obligations, you’re flying blind.

Professional accounting services ensure your books comply with Singapore Financial Reporting Standards (SFRS), your tax computations follow IRAS guidelines, and your filings happen on time. A qualified accounting services provider keeps everything aligned so you can focus on running your business.

Our Core Accounting & Bookkeeping Services in Singapore

Our accounting and bookkeeping services cover the entire cycle—from recording daily transactions to preparing year-end financial statements that meet ACRA and IRAS requirements. We handle both day-to-day bookkeeping and year-end accounting close, so you don’t need multiple providers or confusing handoffs.

All work is handled by a Singapore-based team familiar with local laws and regulatory requirements. No anonymous offshore outsourcing, no language barriers, no time zone gaps.

Monthly / Quarterly Bookkeeping & Management Reports

SMEs can choose monthly or quarterly bookkeeping packages based on transaction volume and business requirements.

Our services go beyond routine bookkeeping — in addition to standard accounting, we also support investment accounting and family office accounting, providing accurate management reports to support informed decision-making.

  • Full Set of Management Accounts Comprises
    • Profit & Loss Statement (Income Statement)
    • Balance Sheet (Statement of Financial Position)
    • General Ledger & Trial Balance
    • Accounts Receivable & Accounts Payable Ageing
    • Bank Reconciliation Statements
    • Fixed Asset Schedule & Depreciation
  • Xero Cloud Accounting Software

    We assist businesses in adopting Xero cloud accounting software, including setup, migration, bookkeeping, reconciliation, and ongoing support. This enables real-time access to financial information and improves operational efficiency.

  • Payroll Services

    Our payroll services ensure accurate and timely salary processing in compliance with Singapore regulations.

  • Payroll services Comprises
    1. Processing of monthly wages employees
    2. Provide monthly payroll summaries
    3. To generate pay slips for employees for employees
    4. To process monthly CPF and SDL payable to CPF Board
    5. To prepare annual IR8A forms for employees.

Financial Statements Preparation (ACRA & SFRS Compliant)

Every Singapore company must prepare annual financial statements that comply with Singapore Financial Reporting Standards and ACRA requirements. For smaller entities, SFRS for Small Entities may apply—a simplified framework that reduces complexity and cost.

We prepare:

  • Statement of Comprehensive Income (profit and loss)
  • Statement of Financial Position (balance sheet)
  • Cash Flow Statement
  • Statement of Changes in Equity
  • Notes to the accounts where required

For companies that need XBRL filing to ACRA, this can be included as an add-on service.

GST Compliance & Filing (If Applicable)

GST registration is compulsory for businesses with taxable turnover exceeding S$1 million. Some businesses also opt for voluntary registration.

Our GST services include:

  • GST registration with IRAS
  • Advisory on compulsory versus voluntary registration
  • Preparation and e-filing of quarterly GST F5 returns
  • Support for complex scenarios: mixed supplies, overseas services, e-commerce platforms

Accurate bookkeeping is the foundation of GST compliance. When your transactions are properly recorded and categorized, preparing GST returns becomes straightforward—and audit risk drops significantly.

Who We Serve: Accounting Services for Small Business & Growing Companies

Accounting Tax Singapore focuses on SMEs, not large corporations with internal finance departments. We work with businesses that need professional support but don’t need (or can’t afford) a full-time finance team.

Startups & Solo Founders

First-time founders often feel overwhelmed by IRAS and ACRA requirements. Deadlines, forms, CPF contributions, and compliance obligations pile up fast.

WE PROVIDE TAILORED SUPPORT

Basic bookkeeping to keep records current

Quarterly reviews to catch issues early

ECI and Form C-S filing

Guidance on paying yourself and managing CPF as a director

Why Choose Accounting Tax Singapore as Your Accounting Service Provider

Many business owners turn to accounting services in Singapore after being burned by cheap freelancers who disappear mid-project, or accounting firms that only surface during tax season.

Accounting Tax Singapore operates differently.

We act as a long-term accounting services provider and outsourced finance partner — not just a filing agent.

  • Transparent Pricing — No Surprises

    Our accounting services are priced clearly based on your business size and complexity.

    Routine queries, standard adjustments, and normal reporting are included — not billed separately.


    Any additional work (such as XBRL filing, backlog cleanup, or complex advisory) is quoted upfront before work begins, so you always know what to expect.

  • Dedicated Accountant — One Person Who Knows Your Business

    You’ll work with one dedicated accountant who understands your business model, history, and industry context.


    This means:


    1. No repeating your background
    2. Better accuracy over time
    3. Consistent advice as your business grows

    Your accountant stays with you — not rotated every few months.

  • Proactive Reminders — No Last-Minute Panic

    We don’t wait for deadlines to pass before contacting you.


    We maintain a compliance calendar covering:


    • ECI
    • Form C / C-S
    • GST (if applicable)
    • ACRA annual returns

    You’ll receive advance reminders with clear instructions on what documents are required — so nothing is rushed or missed.

  • Local Singapore Expertise — Not Generic Accounting

    Our team is Singapore-based and works daily with:


    • IRAS regulations
    • ACRA requirements
    • SFRS and SFRS for Small Entities

    This local expertise ensures your filings are accurate, compliant, and aligned with current regulations — not handled using generic templates.

  • On-Time Filing Track Record — Penalty-Free Compliance

    We follow structured internal checklists and review controls to ensure filings are completed correctly and on time.


    If documents are provided by the agreed cut-off dates, we guarantee on-time filing — so you avoid penalties, interest, and unnecessary audits.

  • Responsive Communication — Replies Within 1 Business Day

    You won’t be left chasing your accountant.


    We respond within one business day via email, WhatsApp, or our client portal.

    When questions come up, you get answers — not silence.


    Many clients switch to us after experiencing slow or unresponsive providers. The difference is immediate.

How Our Accounting Service Process Works

Switching to Accounting Tax Singapore—or engaging us as your first professional accountant—is designed to be simple and stress-free, even if your books are currently messy or behind.

We follow a clear, proven 6-step process to ensure accuracy, compliance, and ongoing clarity.

  • Step 1: Free Consultation & Compliance Health Check

    We start with a 20–30 minute consultation to understand your business model, current accounting setup, and upcoming IRAS and ACRA deadlines.


    During this call, we assess:


    • Whether your ECI is up to date
    • The status of your Form C / C-S filings
    • Your latest ACRA annual filing
    • The current condition of your bookkeeping

    This session is obligation-free. You’ll leave with immediate clarity on risks, priorities, and next steps—even if you choose not to proceed.



  • Step 2: Onboarding, Cleanup & Data Collection

    Once you engage us, onboarding typically takes 1–3 weeks, depending on complexity and any backlog.


    We handle:


    • Liaising with your previous accountant (with your consent)
    • Obtaining prior-year accounts and tax records
    • Reviewing opening balances
    • Cleaning up mispostings and inconsistencies
    • Standardising your chart of accounts

    If your records are behind or messy, that’s okay—we’ve seen it all. The goal is to restore order and create a clean starting point.

  • Step 3: System Setup & Cloud Accounting Configuration

    We then set up the systems that keep everything running smoothly.


    This includes:


    • Configuring cloud accounting software (e.g. Xero)
    • Setting up bank and payment gateway feeds (where applicable)
    • Creating secure document folders for invoices and receipts
    • Aligning workflows for easy monthly reporting

    This ensures your data flows correctly and your numbers stay up to date—without manual chaos.

  • Step 4: Ongoing Bookkeeping & Monthly / Quarterly Reporting

    Once live, we manage your bookkeeping on a monthly or quarterly cycle, depending on your package.


    Our work includes:


    • Transaction posting and coding
    • Bank and e-wallet reconciliation
    • Internal quality checks
    • Preparation of management reports

    You receive:


    • Profit & loss statements
    • Balance sheet
    • Cash flow visibility

    So you always know where your business stands—not just at year-end.

  • Step 5: Quarterly Review & Ongoing Advisory

    Accounting shouldn’t be silent until tax season.


    We schedule regular review touchpoints to:


    • Discuss financial trends
    • Flag potential issues early
    • Prepare for upcoming tax or compliance obligations
    • Answer questions as your business evolves

    This proactive approach reduces surprises and helps you make better decisions throughout the year.

  • Step 6: Year-End Financials & Tax Filing

    At year-end, we handle everything required for full compliance.


    This includes:


    • Preparation of SFRS-compliant financial statements
    • Corporate tax computation
    • Filing of ECI and Form C / C-S
    • Coordination of ACRA annual return filings
    • GST filing (if applicable)

    If documents are provided by agreed cut-off dates, we guarantee on-time filing.

  • Is a company secretary required in Singapore, and by what date must I appoint one?

    Yes. Every Singapore company must appoint a company secretary within 6 months of incorporation. You cannot operate without one for more than 6 months at any time.

  • Can I be my own company secretary if I am the sole director?

    No. A sole director cannot also act as the company secretary. You’ll need to appoint someone else who meets the residency and qualification requirements.

  • What does a company secretary actually do for a small private company?

    They handle ACRA filings, maintain statutory registers, prepare resolutions, file your annual return, and ensure you meet Companies Act requirements. They’re your compliance safety net.

  • How much do corporate secretarial services cost in Singapore in 2025?

    Basic packages start around SGD 300–400 per year. Mid-tier packages with more support typically range from SGD 500–800. Complex structures or high-activity companies may pay SGD 1,000 or more annually.





  • How do I change my company secretary in Singapore?

    Pass a board resolution, obtain resignation from the current secretary (or resolve to remove them), appoint the new secretary, and file both cessation and appointment with ACRA within 14 days.

  • What happens if my annual return filing is late?

    ACRA imposes late filing penalties that increase over time. Persistent non-compliance can lead to the company being struck off and the director being disqualified.

  • Do I need a company secretary if I use an incorporation platform?

    Yes. Incorporation platforms typically include the first year of secretarial services, but you still need a named secretary. Confirm exactly what’s included and what happens after year one.

  • Can my secretary help open a corporate bank account and provide a registered office address?

    Many corporate secretarial firms offer registered office address services and can provide supporting documents for bank account applications. These may be included or available as add-ons.

Frequently Asked Questions 

Below are common questions SME owners ask before engaging an accounting services provider. If your specific question isn’t covered, reach out via our contact form or schedule a consultation call.

  • What do accounting and bookkeeping services in Singapore typically include?

    Accounting and bookkeeping services usually cover:


    • Transaction recording (sales, purchases, expenses)
    • Bank and payment reconciliations
    • Financial statements preparation (ACRA and SFRS compliant)
    • Corporate income tax computation and filing
    • GST returns (if applicable)
    • ACRA annual return filing

    At Accounting Tax Singapore, we offer integrated packages so you don’t need separate providers for books and tax. Everything is coordinated.


    The difference between bookkeeping and accounting? Bookkeeping is recording transactions accurately. Accounting is interpreting those records, preparing financial reports, and ensuring compliance. You need both.

  • Can I switch from my current accounting firm to Accounting Tax Singapore mid-year?

    Yes, switching providers mid-year is common and feasible in Singapore.


    Steps involved:


    1. Obtain past trial balances, ledgers, and tax filings from your previous provider
    2. Review and import data into our system
    3. Reconcile opening balances
    4. Continue with ongoing bookkeeping

    We can coordinate with your previous accountant (with your consent) to smooth the transition. Many clients switch due to slow response times, unclear financial reporting, or rising fees.

  • What are the main IRAS and ACRA deadlines I need to know?

    Key deadlines:


    • Filing: Estimated Chargeable Income (ECI)
    • Deadline: Within 3 months of financial year end

    • Filing: Corporate Income Tax Return (Form C/C-S)
    • Deadline: 30 Nov (paper) / 15 Dec (e-filing)

    • Filing: ACRA Annual Return
    • Deadline: Within 1 month of AGM

    Exact dates depend on your company’s financial year end and whether you qualify for certain exemptions (such as waiver from filing ECI).


    We maintain a custom compliance calendar for each client and send reminders well before deadlines. Give your accountant enough lead time—last-minute rushes increase error risk.

  • Do I need cloud accounting software to work with you?

    Cloud accounting software is recommended for real-time visibility, but we can migrate from spreadsheets or older desktop systems if needed.


    Benefits of cloud accounting:


    • Secure access from anywhere
    • Easier document sharing
    • Better collaboration between you and your accountant
    • Automated bank feeds reduce manual data entry

    We can advise on suitable software (such as Xero) based on your business type and budget. Basic training and onboarding for your chosen platform is included.

  • What if my accounts are very behind or I haven’t filed previous years?

    Many new clients come to us with backlogs or missed filings. Some feel embarrassed or stressed—that’s understandable, but taking action now is always better than waiting.


    Our approach:


    1. Confidential review of your records and any IRAS/ACRA correspondence
    2. Assessment of gaps and outstanding obligations
    3. Cleanup of historical data and preparation of late financial statements
    4. Voluntary disclosure to IRAS if appropriate (this often reduces penalties)

    Taking action early usually reduces risk and long-term costs. The longer you delay, the more interest and penalties accumulate.

Ready to Regain Control of Your Accounting?

Running an SME in Singapore means juggling multiple responsibilities. Accounting and compliance shouldn’t be what keeps you up at night.

With Accounting Tax Singapore, you get:

Compliant accounting that meets ACRA and IRAS requirements

Timely tax filings with no penalty surprises

Clear numbers you can actually use for business decisions

A responsive local team that answers within one business day

We’re not a one-off filing agent. We’re a long-term accounting services provider in Singapore that removes stress instead of adding to it.

Take the next step:

Schedule a consultation or accounting health check. We’ll review your current setup, identify any compliance risks, and show you exactly what getting organized looks like.

No obligation. No hard sell. Just clarity.

With IRAS and ACRA deadlines approaching, the cost of waiting only grows. The sooner you get your accounting sorted, the sooner you can focus on what you do best—running your business.

GET CLARITY ON YOUR IRAS, ACRA & TAX COMPLIANCE — BEFORE DEADLINES COST YOU.