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Annually, your Singapore company has to comply with several financial reporting requirements. In particular, your company need to file an annual report to ACRA and tax returns to IRAS. If you are not familiar with Singapore accounting standards and the local laws, you will likely waste a lot of time and effort to prepare a financial statement. There are also chances that you will prepare it in a wrong way.

So, the best solution is to opt for outsourced accounting services in Singapore. That’s why BBCIncorp is here. We provide a full set of comprehensive accounting services for your Singapore company. We take invoices, receipts, bank statements, and then proceed to prepare reports in the right manner.

Yearly accounting service in Singapore
Compliance Fulfillment

With yearly accounting services in Singapore

Our yearly fees are based on the volume of transaction:

  • Up to 50 transactions: 750 USD
  • Up to 100 transactions: 1,250 USD
  • Up to 150 transactions: 1,650 USD

Already include Tax return filing:

  • ECI preparation and filing
  • Filing Form C/C-S
Monthly accounting service in Singapore
Management Support

With monthly accounting services in Singapore

Our monthly fees are based on the volume of transaction:

  • Up to 10 transactions/month: 120 USD/month
  • Up to 30 transactions/month: 250 USD/month
  • Up to 75 transactions/month: 475 USD/month
  • Up to 125 transactions/month: 750 USD/month

Already include Tax return filing:

  • ECI preparation and filing
  • Filing Form C/C-S
Yearly accounting service in Singapore
Compliance Fulfillment

With yearly accounting services in Singapore

Our yearly fees are based on the volume of transaction:

  • Up to 50 transactions: 750 USD
  • Up to 100 transactions: 1,250 USD
  • Up to 150 transactions: 1,650 USD

Already include Tax return filing:

  • ECI preparation and filing
  • Filing Form C/C-S
Monthly accounting service in Singapore
Management Support

With monthly accounting services in Singapore

Our monthly fees are based on the volume of transaction:

  • Up to 10 transactions/month: 120 USD/month
  • Up to 30 transactions/month: 250 USD/month
  • Up to 75 transactions/month: 475 USD/month
  • Up to 125 transactions/month: 750 USD/month

Already include Tax return filing:

  • ECI preparation and filing
  • Filing Form C/C-S

Why Choose BBCIncorp’s Accounting Services in Singapore?

Singapore accounting service
1
QUALIFIED PROFESSIONALS

Our accounting services in Singapore are performed by local practitioners who understand clearly the local financial reporting standards. They are all highly-qualified and experienced experts who know what it takes to satisfy your business needs.

2
EASY TO SCALE

Our fees for accounting services in Singapore are based on the number of transactions. This allows any small business to get onboard easily. This also help your company scale up freely without the fear of substantial cost increase.

3
CLOUD ACCOUNTING

We use Xero to perform bookkeeping for our clients. Thanks to cloud accounting software, you can submit data or access management report from anywhere with internet connection.

Additional Services

Personal tax filing and payroll services

Payroll Service

US$50/person/month

Administration of payroll process in compliance tax and labor regulation.

Central Provident Fund Account Setup

US$120/person/

Employer’s mandatory contribution for social security saving scheme of employees who are Singapore tax and labor regulation.

Form IR8A Submission

US$100/person

A surcharge of US$150 with Appendix 8A

Annual income reporting for all Singapore employees.

Form IR21 Submission

US$120/person

A surcharge of US$230 with Appendix 1

Tax clearance for non-citizen Singapore employeess in case of employment cessation or departure from Singapore.

Personal Income Tax Filing

US$125/person

Other services

Liaising With Auditors

US$500

Providing documents and assist in handling queries from auditors.

Full XBRL Preparation

US$500

Support to convert full set of financial staments in XBRL format.

XBRL Highlight Preparation

US$350

Support to convert financial statements highlights in XBRL format.

GST Registration

US$450

Apply for GST registration when annual turnover exceeds S$1mil

FAQs

We deliver service through Xero cloud accounting software.
The prices for our accounting services in Singapore vary depending on the number of transactions. For yearly accounting, the price is from 750 USD for up to 50 transactions.
Typical steps are outlined below for your general reference :
  • Step 1 : discuss and stipulate clearly workflow for carrying out accounting tasks effectively. This would involve roles and responsibilities of each member, timeline and means of exchanging information, etc.
  • Step 2 : collect supporting documents and record daily transactions.
  • Step 3 : close books and compile financial statements on predetermined frequency.
Yes, most Singapore business entities are required to engage with qualified services to perform audit on their annual financial statements. There are still situations where audit obligation is exempted, as is the case for a small or dormant company.
No, but we can liaise with independent auditors to answer their queries and provide necessary documents to facilitate the auditing process.