Bookkeeping services
Bookkeeping provides the information from which accounts are prepared. As well as bookkeeping is the recording process of the financial transactions on a day-to-day basis along with the information regarding business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Each transaction, whether it is of purchase or sale, must be recorded; therefore accuracy is vital to complete the process successfully. Now if you are running a small scale business then hiring a person for this purpose will cost you much more than outsourcing from a professional accountancy firm.
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Handle taxation and audit
There are several tax regulations in Singapore, including types of taxes, corporate tax, personal tax, double tax treaties as per today’s scenario. While a business grows the different kind of taxes and payable fees become much more complex, as there are more variables and applicable regulations, such as federal, state and local level; for that, an efficient tax accountant is required for tax filing purpose as per the guideline of IRAS. Also, the tax accountants keep up with legislative changes and help an organization remain in compliance.