Accounting Services

Accounting and Bookkeeping

SG Tax Alliance Services Pte Ltd (“STAS”) provide a full scope of accounting, bookkeeping and payroll services in compliance with the Singapore Companies Act and Financial Reporting Standards ("FRS") to small and medium sized enterprises ("SMEs") involving in a broad range of financial, industrial and commercial activities. We have the qualified accountants to provide personalized and prompt accounting services to meet your needs and expectations at a reasonable fee.

Our accounting and bookkeeping services include:

Preparing monthly, quarterly or half-yearly and yearly accounts for management reporting and auditing purposes
Preparing yearly compilation reports or unaudited Financial Statements for companies exempted from statutory audit
Preparing and submitting the GST monthly or quarterly returns (Form F5) to the IRAS
Debtors and creditors ageing reports
Bank reconciliation statements
Fixed assets register
Detailed general ledger accounts
Group consolidation report for group of companies
Preparing the monthly CPF contributions for Singaporean and Singapore Permanent Resident employees
Preparing the Forms IR8A and Forms IR21
Assisting in annual XBRL filing with the Accounting & Corporate Regulatory Authority ("ACRA") of Singapore

Compilation of financial statement requirement

Company that is exempt from statutory audit and filing requirement is still required to prepare a full set of financial statements (compilation report) including explanatory notes which must accompanied by the Director's Report and the Statement by Director in compliance with the FRS.

A compilation report will give the stake holders the comfort that the information is compiled with professional competence and due care. However, the compilation engagement is not as stringent as a statutory audit. The fee for a compilation engagement is generally much lower than the normal statutory audit.

Preparation of financial report in XBRL format

The ACRA implemented a new filing requirement for Singapore incorporated companies to file their financial statements in XBRL (or Extensible Business Reporting Language) format. XBRL is an open standard used in computers to present financial statements such that they can be retrieved from online records and transferred directly to users such as auditors, regulators, financial analysis for various purposes.

It is a time consuming process and often, user would need to be familiar with the FRS before he or she could fulfil the requirement effectively. We have the expertise in this area that would help you in compliance with the annual filing requirement to the ACRA.

Payroll administration

We support payroll function for our clients at a reasonable fee. You would no longer being bored down by the administrative of payroll function and to compliance with the mandatory Central Provident Contributions for all your Singapore citizen and/or Singapore permanent resident employees.

You no longer worried about the confidentiality of payroll data being access by unauthorized personnel.

For more information about our services, please contact us.

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