Company Registration and Management Process

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Easy Way of Company Registration and Management
Process
Is the thought of company incorporation giving
you sleepless nights? Well, there is no cause
for you to hesitate about your company
registration Singapore. Even if you are new to
the Singapore marketplace, go ahead, as there
are many experienced providers of corporate
services to help you manage it. Company
Registration Singapore Singapore company
incorporation is a streamlined process. Still,
locals, as well as foreigners, prefer to appoint
a registered filing agent for the task. These
providers assist and advise you with them every
step of the company registration process,
documents required, official ACRA fees, Etc.
Some of the agents even assist you with post-
incorporation activities like opening a corporate
bank account with a local bank in Singapore. On
the other hand, if you are familiar with the
process, you can register your company
independently. As a foreign
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entrepreneur, you will need to hire a reliable
agent for the company incorporation. Choosing
the right corporate services provider to form
your company can also help you in future
business management. So, cast your net wide, and
choose wisely. Providers of company
incorporation services also offer one-stop
corporate services. These include bookkeeping
services, accounting services, corporate tax
services, corporate secretarial services, GST
filing. They render expert assistance to owners
to ensure statutory compliance and efficient
administration of their business. Bookkeeping
Services A business accounting starts with
bookkeeping. During the process, your in-house
bookkeeper or provider of bookkeeping services
shifts financial documents. They file your bills,
invoices and other financial related documents
and records them using the latest accounting
software. Digitising your business financial
data is helpful as it can be used by an
accountant. Singapore Accounting
Services Regular updating of books of accounts
is mandatory for Singapore companies. It also
makes you aware of their financial
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health. However, it takes time and requires
skilled human resources. Many companies prefer
to hiring accounting services firms for the
task. Experienced accountants can not only
streamline your business annual filing but can
also offer you valuable advice. You can use
these insights for improving your cash flow,
eliminate unnecessary expenses, effective budget
allocation and grow your business. Accountants
use data prepared by the bookkeepers for
preparing financial statements like Cash flow,
Balance Sheet, Trial Balance, and management
reports like accounts payable and receivable
reports. These are valuable documents as the
owners and managers can use them to make
data-driven decisions. Corporate Secretarial
Services Singapore companies must hire at least
one company secretary within six months from
their incorporation. Depending on your needs,
you can choose to hire a full-time secretary or a
provider of corporate secretarial
services. These firms generally assign a
dedicated secretary to you. As your chief
compliance officer, they communicate due dates
and compliance-related information to company
directors. They also communicate with other
stakeholders of your company.
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A company secretary conveys an annual general
meeting of the company and communicates the date
and venue to the shareholders. They circulate
vital information to the shareholders. They see
to the preparation of financial accounts of the
company and present them in AGM to be reviewed by
the shareholders. A company secretary liaison
and co-operates with the officials of regulating
agencies. They have the custody of company
registers and other company documents and
presents them to the officials when asked. They
also keep the ACRA informed about the changes in
the company and its officers. A secretary
communicates with the shareholders and handles
the transfer of shares. They also keep an eye on
the movement of company shares. They see to it
that the company is administered as per its
constitution. Corporate Tax Services At the
time of hiring an agent for your company
registration Singapore, make sure that they also
assist with the taxation. Choosing an accounting
services company that also offer corporate tax
services helps. As they have access to your
accounting records, they can easily calculate
your corporate income tax. It will simplify your
tax compliance. They can also help you with ECI
filing, Withholding tax, Vehicle tax, and etc.
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GST Filing Services If you expect your annual
revenue to exceed 1 million within the next 12
months, you will need to register your company
for GST. The experts working for your accounting
services provider can determine it for you. Then
after the GST registration, you can rely on
their GST filing services. They can go through
your transaction records and prepare a GST
report for you which you can then submit to IRAS
as per your GST schedule. SBS Consulting is a
one-stop provider of corporate services to
small, SMEs, and big businesses. Its services
include company registration Singapore,
bookkeeping, accounting, corporate taxation, GST
filing, XBRL filing, and etc. Contact us on 65
6536 0036 or email us at info_at_sbsgroup.com.sg to
know more about our services.