Our Services

Lorem ipsum dolor amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt labore dolore.

AUDIT

According to the Singapore Companies Act, all companies are required to have an annual audit of their financial statements and accounting records, unless they meet the exemption criteria. The Companies Act was amended in 2014 to introduce the concept of a “small company” and update the audit exemption criteria. As of July 1, 2015, a small company is not required to appoint an auditor and have its accounts audited. To qualify as a small company, a company must satisfy at least two of the following three conditions:

1. The company’s total annual revenue must not exceed S$10 million.
2. The company’s total assets at the financial year-end must not exceed S$10 million.
3. The number of full-time employees at the end of the financial year must not exceed 50.

In addition to private companies, group companies such as holding and subsidiary companies may also qualify for the Singapore audit exemption if they meet the criteria for a small group.

So is Financial Statements Audit still necessary?

1. an audit provides an independent assessment of the company’s financial statements and accounting records, which can enhance the credibility and reliability of the company’s financial information. This can be particularly beneficial for small companies that may be seeking external financing or investment, as audited financial statements may provide greater assurance to potential investors or lenders.

2. an audit can help identify weaknesses or inefficiencies in a company’s financial management processes, allowing the company to improve its operations and potentially increase profitability. The auditor may also provide recommendations for improving internal controls or risk management, which can be valuable for small companies that may have limited resources or expertise in these areas.

3. an audit can help ensure compliance with legal and regulatory requirements, including tax and accounting standards. This can help small companies avoid potential penalties or legal issues that may arise from non-compliance.

4. Preparation for future growth: Even if a small company is not currently required to undergo an audit, choosing to have an audit can help prepare the company for future growth. By establishing robust accounting practices and undergoing regular audits, the company can build a solid financial foundation that can support expansion and increased complexity in the future.
In summary, while small companies in Singapore may be eligible for an audit exemption, undergoing an audit can provide several benefits, including improved credibility, operational efficiency, and legal compliance.

5. An audit can serve as a deterrent against employee fraud and other financial irregularities within a company.During an audit, the auditor will review the company’s financial records and internal controls, looking for any signs of fraud or mismanagement.

Assurance Services from USafe:
Apart from meeting the compliance with Companies Acts, a quality audit can give assurance on accuracy and transparency of the Company’s financial information to management and stakeholders for a better decision making.

✓ Statutory audit
✓ Due Diligence audit
✓ Special-purpose audit

TAXATION

As a leading professional services firm, we understand the importance of managing tax obligations effectively. Our team of experienced tax professionals is dedicated to helping organizations and taxpayers achieve maximum tax efficiency while complying with local regulations. We provide a comprehensive range of direct and indirect tax services to clients across various industries, helping them to optimize tax liabilities, reduce risks, and take advantage of government tax incentives.

Services:
Our tax services cover a broad spectrum of direct and indirect taxes. For direct tax, we provide corporate tax compliance and advisory, personal tax compliance and advisory, and tax planning. Our indirect tax services include GST registration and return, withholding tax, and property tax and stamp duty. Our tax professionals are well-versed in local tax regulations and stay up-to-date with changes to ensure that our clients receive accurate and timely advice.

With corporate tax compliance and advisory, we help businesses to prepare and file accurate and timely tax returns, while ensuring compliance with relevant regulations. Our personal tax compliance and advisory services cover the preparation and filing of personal tax returns, tax planning, and optimization. For tax planning, we work with clients to develop tax-efficient strategies, minimize tax liabilities and identify opportunities to utilize tax incentives.

In indirect tax, our team assists clients with GST registration and compliance, including the preparation and filing of GST returns, reviewing invoices and receipts, and advising on the implications of GST for business transactions. With withholding tax, we help clients to comply with withholding tax obligations, ensuring that the correct withholding tax rates are applied. Finally, our property tax and stamp duty services cover the preparation and filing of property tax returns, advising on property tax obligations, and ensuring that the correct stamp duty is paid for property transactions.

In summary, our tax services are designed to help clients comply with local tax regulations, optimize tax liabilities, and identify opportunities for tax savings. Our experienced tax professionals are committed to providing accurate and timely advice to help our clients make informed decisions and achieve maximum tax efficiency.

Direct tax:

✓ Corporate tax compliance and advisory
✓ Personal tax compliance and advisory
✓ Tax planning

Indirect tax:

✓ GST registration and return
✓ Withholding tax
✓ Property tax and stamp duty

ACCOUNTING, BOOKKEEPING AND PREPARING FINANCIAL STATEMENTS

As businesses grow, managing finances can become increasingly complex, taking up valuable time and resources. Outsourcing accounting services can free up time and allow businesses to focus on growth and development. Our experienced accounting team provides reliable and efficient accounting services that help businesses adhere to accounting standards and requirements, while ensuring compliance with relevant regulations.

Services:

Our accounting services are designed to provide comprehensive support to businesses, covering everything from routine data entry and reporting to the preparation of financial statements. Our services include routine data entry and report, account administrative support, compilation of financial reports, work-in-progress (WIP), and conversion of XBRL reports.

With routine data entry and reporting, our team ensures that all financial data is accurately recorded and up-to-date, providing businesses with the information they need to make informed decisions. Our account administrative support services include assistance with day-to-day accounting tasks, such as processing invoices, managing accounts payable and receivable, and preparing bank reconciliations.

We also provide compilation of financial reports, including the preparation of monthly, quarterly, and annual financial statements, as well as customized reports that meet the specific needs of our clients. Our work-in-progress (WIP) services include the tracking and reporting of costs and revenue for ongoing projects, helping businesses to manage budgets and resources effectively.

Finally, our team is well-versed in the conversion of XBRL reports, a requirement for companies that need to file their financial statements with regulatory authorities. Our team is equipped with the necessary knowledge and expertise to ensure that financial statements are accurately prepared and filed in compliance with regulatory requirements.

Outsourcing accounting services to our team can provide businesses with peace of mind, knowing that their finances are being managed effectively and efficiently. With our comprehensive accounting services, businesses can focus on growth and development, while we take care of routine accounting tasks, financial reporting, and compliance matters. Our experienced team is committed to providing reliable and accurate accounting services, helping businesses to achieve their financial goals.

✓ Routine data entry and report
✓ Account administrative support
✓ Compilation of financial report
✓ Work-in-progress (WIP)
✓ Conversion of XBRL report

CORPORATE SECRETARIAL

Corporate governance and compliance are essential for businesses to operate ethically and responsibly, and to comply with regulatory obligations. Our experienced team provides comprehensive support to businesses of all sizes, from small startups to large corporations. We are committed to helping businesses meet their obligations and achieve their goals in a responsible and compliant manner.

Services:
We offer a range of corporate governance and compliance services that cover everything from company formation to annual filings and capital changes. Our services include company formation and striking off, maintaining statutory records and registers, filing of annual returns, and performing capital changes.

Our company formation services include assistance with the registration and incorporation of new companies, ensuring that all legal and regulatory requirements are met. We also provide striking off services for companies that are no longer in operation or wish to cease trading.

Maintaining statutory records and registers is essential for compliance with regulatory requirements. Our team provides comprehensive support for businesses to ensure that all records and registers are up-to-date and accurate. We also assist with the filing of annual returns, a requirement for all companies to maintain compliance.

Our team also performs capital changes, including the issuance of new shares, transfers of shares, and changes to share capital. We provide support throughout the process, ensuring that all legal and regulatory requirements are met.

At our firm, we understand the importance of corporate governance and compliance for businesses of all sizes. Our experienced team provides comprehensive support to businesses, helping them to meet their obligations and achieve their goals in a responsible and compliant manner. We offer a range of services, including company formation and striking off, maintaining statutory records and registers, filing of annual returns, and performing capital changes. Our commitment to quality and compliance ensures that businesses can operate with peace of mind, knowing that they are meeting their obligations and managing their affairs in a responsible and compliant manner.

✓ Company formation and striking off
✓ Maintaining statutory records and registers
✓ Filing of annual returns
✓ Perform capital changes

PAYROLL

Managing human capital is crucial for the success of any business, but it can also be complex and time-consuming. Our human capital management solutions are designed to help businesses increase efficiency, reduce costs, and ensure compliance with legal and regulatory requirements. Our experienced team provides comprehensive support to businesses of all sizes, helping them to manage their human resources in a more efficient and effective manner.

Services:
We offer a range of human capital management solutions, including staff database management and monthly payroll reports. Our team ensures that employee records are accurate and up-to-date, and that payroll reports are prepared and submitted on time.

We also provide support for tax-related matters, including the preparation of employees’ income records for tax purposes. This ensures that businesses comply with legal and regulatory requirements and that employees are taxed appropriately.

In addition, we provide support for the preparation of tax clearance for foreign employees, ensuring that businesses comply with all legal and regulatory requirements when hiring and terminating foreign workers.

Our comprehensive human capital management solutions are designed to help businesses increase efficiency, reduce costs, and ensure compliance with legal and regulatory requirements.

Managing human capital is a critical component of any business’s success, but it can also be complex and time-consuming. At our firm, we understand the importance of human capital management and offer comprehensive solutions to help businesses manage their human resources more efficiently and effectively. Our experienced team provides support for a range of services, including staff database management and monthly payroll reports, preparation of employees’ income records for tax purposes, and preparation of tax clearance for foreign employees. We are committed to helping businesses increase efficiency, reduce costs, and ensure compliance with legal and regulatory requirements.

✓ Staff database and monthly payroll report
✓ Prepare employees’ income record for tax
✓ Prepare tax clearance for foreign employees

BUSINESS SUPPORT

Business development is a key factor in driving the success of any company. At our firm, we understand the challenges that businesses face when developing and growing their operations. Our experienced team provides practical advice on business development to help companies meet their objectives and move towards success.

Services:
We offer a range of business development advisory services, including the provision of nominee director service and registered address, which can be useful for businesses that do not have a physical presence in Singapore. Our team also provides support for work pass and visa applications, as well as license and trademark applications.

In addition, we offer business set-up consultancy services to help businesses navigate the complex process of starting up a new operation. Our team provides support for merger and acquisition advisory services, as well as business valuation services, which can be helpful for businesses that are considering mergers or acquisitions.

Our team has extensive experience working with businesses across a range of industries, and we are committed to providing practical advice that helps our clients achieve their goals.

At our firm, we understand the challenges that businesses face when developing and growing their operations. Our experienced team provides practical advice on business development, including the provision of nominee director service and registered address, support for work pass and visa applications, license and trademark applications, business set-up consultancy, merger and acquisition advisory, and business valuation services. We are committed to working with our clients to help them meet their objectives and move towards success.

✓ Provision of nominee director service
✓ Provision of registered address
✓ Work pass and visa application
✓ License and trademark application
✓ Business set-up consultancy
✓ Merger & acquisition advisory
✓ Valuation of business