Accounting services in Singapore
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Outsourcing your accounting and bookkeeping in Singapore ensures your business stays compliant with local regulations while saving time and resources. Our professional team provides a full range of outsourced accounting services for SMEs, startups, freelancers, and corporate groups—covering everything from payroll and tax filing to cloud-based management and forensic support. Whether you’re a small business or a rapidly growing company, we offer clear pricing, modern technology, and personalized help to fit your needs. Focus on growing your business while we take care of your accounting, reporting, and statutory filings.
Why Choose Accounting Services in Singapore
Professional accounting services in Singapore support tax efficiency, regulatory compliance, and financial transparency for companies operating under ACRA and Companies Act requirements.
Singapore Accounting Requirements
Mandatory accounting
Every company incorporated in Singapore must maintain proper accounting records that accurately reflect the company’s financial transactions, including income, expenses, assets, and liabilities. These records are required by law and must be retained in a manner that enables preparation of financial statements and compliance with regulatory requirements.
Annual financial statements
Companies are required to prepare annual financial statements in accordance with Singapore Financial Reporting Standards (SFRS). These statements must be filed with the Accounting and Corporate Regulatory Authority (ACRA) and used for submission of corporate tax computations to the Inland Revenue Authority of Singapore (IRAS) within the statutory deadlines.
Tax return
The standard financial year runs from January 1 to December 31, unless the company has elected a different financial year. Corporate income tax returns must be filed annually using IRAS-prescribed forms (such as Form C or C-S) by the relevant filing deadline, typically on or before November 30 of the year following the financial year-end, with electronic filing deadlines possibly extending this.
Goods and services tax (GST)
If a Singapore company’s annual taxable turnover exceeds SGD 1 million, GST registration is mandatory. Once registered, GST returns must be submitted periodically (usually quarterly) by the due dates set by IRAS. The current GST rate in Singapore is 9%.
Payroll and CPF accounting
Singapore companies with local employees must maintain accurate payroll records and comply with statutory requirements for Central Provident Fund (CPF) contributions. CPF contributions must be accurately computed and remitted on time in accordance with CPF Board rules.
5 steps to start accounting support
Simple process to get your accounting on track.
Comprehensive Solutions for Your Success
Financial Reporting
Preparation of full sets of accounts, including Profit & Loss and Balance Sheets according to SFRS.
Corporate Secretary
Maintaining statutory registers and ensuring all ACRA filing deadlines are met on time.
Payroll & HR
Full payroll processing, CPF contributions management, and preparation of IR8A forms for staff.
GST Management
Assistance with GST registration, quarterly filing, and ensuring compliance with IRAS regulations.
XBRL Filing
Conversion of financial statements into XBRL format as required for filing with ACRA.
Tax Advisory
Strategic tax planning to maximize available exemptions and government grants for SMEs.
Frequently Asked Questions
Still have questions?
What are the main accounting requirements for a Singapore company?
Companies must maintain accurate financial records that reflect income, expenses, assets, and liabilities, and prepare annual financial statements in accordance with Singapore Financial Reporting Standards (SFRS). Statutory returns must be filed with the Accounting and Corporate Regulatory Authority (ACRA).
Is it mandatory for a Singapore company to keep accounting records?
Yes, all Singapore companies must keep proper accounting and financial records as required by law to support statutory reporting and financial compliance with ACRA and IRAS.
When do companies have to file annual financial statements in Singapore?
Annual financial statements must be prepared and submitted according to the reporting framework of ACRA and IRAS, usually within the statutory deadlines set by regulatory authorities.
What tax returns must Singapore companies file?
Singapore companies must submit annual corporate income tax returns (such as Form C or Form C-S) with the Inland Revenue Authority of Singapore (IRAS) according to the prescribed filing schedule.
When is GST registration required in Singapore?
GST registration becomes mandatory for companies whose annual taxable turnover exceeds SGD 1 million. Once registered, GST returns must be submitted quarterly as required by IRAS.
What payroll and CPF accounting requirements exist in Singapore?
Companies must keep accurate payroll records and ensure that Central Provident Fund (CPF) contributions are calculated and remitted for eligible employees in compliance with Singapore’s employment and CPF regulations.
Does Singapore require financial audits?
Depending on size and eligibility, companies may need statutory audits under Singapore law. Larger companies or entities that do not qualify for audit exemption must comply with audit requirements.
What happens if accounting rules are not followed in Singapore?
Non-compliance with statutory accounting, tax return, GST, or CPF requirements may result in fines, penalties, or enforcement actions from regulatory authorities such as ACRA and IRAS.
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Our team ensures your business setup is smooth, efficient, and compliant with local laws. Contact us today to discuss your project.
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