Accorp

Public Accounting Services Firm in Singapore

seo — Sun, 23 Dec 2018 02:51:12 +0000

public accounting firm Singapore

ACCORP is an accounting firm providing a comprehensive range of professional services including assurance, accounting, bookkeeping, financial reporting, corporate secretarial, financial advisory, tax and valuation services to meet the needs of our diverse client base. Our portfolio of clients includes small and medium size businesses as well as public listed companies.

Our practice is lead by two Partners and a Director, each specializing in their respective discipline, who were formally from top and mid-tier accounting firm.

accounting service in Singapore

Accounting firms in Singapore play a major role in the city-state’s overall economic growth and development. Singapore’s accounting industry is considered a focal point in its economic blueprint. The city-state’s reputation as a leading business and financial hub in Asia reinforces its status as a major accountancy hub in the region.

accounting services in Singapore

Singapore continues to see steady demand for accounting services, fueling growth in the industry and hiring pressure for accounting roles. The solid global standing and the strong international outlook for accounting firms in Singapore are helping boost the city-state’s competitiveness and positioning as a global focal point of business and finance.

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Public Auditing Services Firm in Singapore

seo — Sun, 23 Dec 2018 02:45:20 +0000

Welcome to ACCORP Audit Firm website!

We are a firm of chartered certified accountants devoted in providing consistently
the right service for each of our clients and their business, solving their problems
and giving them valuable advice to help them on their business.

public auditing services firm in Singapore

We are members of the Institute of Certified Public Accountants of Cyprus (ICPAC) and our partners are also members of the Association of Chartered Certified Accountants of UK (ACCA). We offer a variety of services through our experts who are ready to provide support to your accountancy requirements.

Our team and our network of connections through our associates, composed by professional accountants and commercial experts, are specialized in international business practices so if you are a Cyprus based entity with overseas interests or if you operate internationally you can benefit from our international tax knowledge and experience.

Understanding our clients different needs, respecting the confidentiality of our clients, maintaining the highest ethical standards and providing the most valuable and customized solutions to our clients are the main pillars for building trust with our clients and providing them high quality service for assisting them in meeting their goals and improving their business.

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Why do Business in Singapore

epal epal — Tue, 25 Sep 2018 23:04:10 +0000

World’s Biggest Financial Hub – Singapore lies in a strategic location. Singapore now hosts many successful businesses in the region as it is considered to be one of the BIGGEST financial hubs in the world and most industrialized country in Asia.
HUGE Tax Benefits -You will be very pleased to know that Singapore offers excellent tax benefits for medium as well as small-sized companies, provided that they were formed in the nation in the first place. As a business entrepreneur, you will receive huge tax benefits in Singapore as they have double taxation agreements with more than 60 countries worldwide. In order to receive tax benefits, a financial statement has to be submitted annually to the IRS.
World’s Friendliest and Easiest Place to Start a Business – Most people are interested to open their business in Singapore as it is extremely easy to do so. Not only it requires minimal effort on your part, but setting up a company can be done within couple of days. Unlike in many Western nations, it takes only 1 to 2 days to register and incorporate a business in Singapore, with assistance coming along the way by the government. Simply put it, Singapore is the friendliest and the easiest place to start and manage a business.
Lucrative Place for Foreign Investors – You might be surprised to see lots of Singapore startups without Singaporeans in them. In fact, lot of business entrepreneurs are Americans, Australians, Indian, Spanish people, setting and managing their companies in Singapore for their base operations.
Open Immigration Similarly – Singapore has efficient and open immigration policy making it extremely easy for foreigners to visit inside the country and look out for business opportunities.
Plenty of Market – If you’re planning to open up a business in Singapore, particularly in industries such as chemicals and chemical products, electronic parts and components, mineral fuels, transport equipment, manufacturing goods, among others, there’s plenty of room for exporting and importing business opportunities.
Strong Legal Framework – Another benefit business entrepreneur reaps from establishing a company in Singapore is that there’s a strong legal framework and strict protection of intellectual property of companies.
Pro-business Environment – Singapore is famous for providing pro-business environment, attracting foreign investments and entrepreneur from around the world. In Singapore, you can convert your creative vision, ideas, and dreams into business easily and earn significant profits too.
IT Hub – In terms of information technology (IT), Singapore is considered to be the top 3 countries in the world.
TAX EXEMPTION on Dividend declared from Singapore Company – You’re right! Dividend declared from income earned by Singapore Company is exemption from tax. In order words, you may transfer your excess earnings out from your Company in Singapore without having to pay further tax.

Can’t wait to setup a company in Singapore? Contact Us

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Why proper accounting systems important for your business?

epal epal — Tue, 25 Sep 2018 23:01:48 +0000

Bookkeeping accounting may look like a great time waster to most SME business owners but it is a silent factor that can either make or break your business. If you really want to grow from a SME business owner to a bigger business player, then you should start taking bookkeeping accounting very serious. We are here to take charge of your accounting department virtually while you can concentrate in gaining more business for your company’s growth and success! Here are few important reasons on having a proper accounting system for your business:

Easy references

Data about prices, suppliers, customers and inventory are important in trading businesses. Price of each purchased product must be known in order to determine the sales price. Mistake in setting up the sales price can give a negative effect to the business such as losing customers to competitors and incur a business loss. Proper records and filling system will be of great help in term of getting the required information promptly and the information is available when needed. Some business owners wasted hours of their valuable times looking for information from their improper and unsystematic filling system. Records of stock movements must be maintained and updated in order to ensure that there are no stock outs. In addition, proper stock records also enable user to obtain information accurately and promptly which items should be purchased and when to order.

Effective planning

Financial data and analysis are important for management to make effective decision-making. However, the data must be reliable, accurate and updated. Without a proper records system, entrepreneurs may ask for debts, which have been settled by debtors. Entrepreneurs may also continue to give credit to those black listed customers or non-trustworthy customers, or ‘rich but stingy’ debtors.

Right decision at the right time

Ability to make right decision at the right time is an important ingredient for a business to be successful. This requires the availability of accurate and complete information. Management may issue bounce cheque because the cash book is not updated. Normal “wrong but tolerable” practice by SMEs is to call their bank every time they want to issue a cheque. Owner may also have to follow suppliers’ recommendation blindly because of no proper stock records. Furthermore, they may continue to spend on unnecessary expenses because their data is not reliable or the data is simply not available.

To obtain suppliers’ trust and confidence

Credit facility is only given to trustworthy customers. It is important to get the supplier’s confidence in term of the business financial position and ability to pay debt on time. A proper record keeping and filling system will give confidence to suppliers to do business with. It shows that the business owner knows what is going on with his or her business and it is under control. Some business owners do not know the updated debtors balances. There are also cases where management contacted their debtors to know about the debts instead of them reminding their debtors.

To ease loan approval process

Many business owners apply loan from banks, government agencies and funds provided by the government. However, there are complaints that it is not an easy process and also a time consuming process. One of the main reasons for this is the business owner fail to show their financial reports as required. Many business owners do not give their accounts managements a priority even though they agreed that it is important for their businesses. There are entrepreneurs who managed to get their business loan but later fail because of no proper accounts management system. Before approving any loan, loaners normally want to see, among other things:

The financial statements for the past 3 years.
Present and forecasted future cash flows.
Active business bank accounts.

With a sound accounting system, business owners could easily supply all those required information immediately.

Early detection of problems and enhance business competitiveness.

Accurate and updated records of profit and loss, cash flows, sales, purchases and expenses enable business owners to know the actual position of their businesses. Many business owners think that they are doing fine but the fact is that they are not. They merely measure their businesses based on the daily sales. Some business owners think sales are profits. They are happy because they have money in their pockets, and as a result, spending lavishly. Business is not only about having sales but also expenditures and other obligations. Those aspects have to be considered and that is why proper recording of transactions are important. Proper records will alert business owners and help them to wisely plan for their business developments. Efforts are made to maintain and strengthen their business strength while weaknesses are identified at early stage and rectify. This will make business to stay competitive even during its turbulence and hard time.

Effective internal control

Sound accounting system also serves as an effective internal control. Here are few examples of how proper record keeping and accounting system help to prevent and detect irregularities in business.

Psychologically, good record keeping and filing system warns staffs that fraudulence activities will be easily detected. Businesses dealing with cash are exposed to risks related to insincere staffs.

Monthly bank reconciliation statement helps business to detect if there is any unauthorized issuance of cheque.

Proper maintenance of creditor ledgers could prevent double payments made to suppliers and avoid unnecessary dispute between both parties

Smoothing the auditing process (for company)

Auditing process normally is a nightmare to accounting staffs. During auditors visit, sometimes accounting staffs have to work long hours and under pressure, answering all sorts of auditors’ questions. Staffs taking emergency leave and sick leave are normal during this period of time. Difficulty during auditing process occurred because supporting documentations for the prepared financial statements are not available and auditors’ required information not readily prepared. Having a proper record keeping and filling system can help to smoothing the auditing process. Improper records and documentations can lead to additional costs being incurred by the management. The company may need to incur “accounting-fix” cost on top of the audit fee. Other costs that can be very “costly” to the management are the delay in the issuance of auditor’s report and the modified audit report instead of clean audit report.

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Audit Firm In Singapore

epal epal — Tue, 25 Sep 2018 22:56:34 +0000

Audit services firms

If your company requires an Audit for compliancy, you should consider working with an audit firm that can deliver ongoing audit service which can improve the accuracy of figures stated in the financial statements and also provide recommendation to improve the overall financial process and controls. A financial statement audit is something in today’s business environment that can require ongoing skepticism and scrutiny of the company’s financial records. If you need assistance in getting through an audit, it’s very important that you work with a company that can offer you greater reliability and insight for delivering clear evidence.

With the help of our audit firms in Singapore, we can provide audit services to your company and provide you with improvements that you can make for efficiency and compliancy. Through the process of undergoing audit services, we can make sure that our audit process can set you up correctly throughout the audit and navigating the various processes associated with it.

With the help of available information, we can work at performing an audit of your business that can improve your day to day operations. Our professionals can help you with the process of quality audit services in Singapore and the surrounding area. We will also examine the process to find the controls that you could put in place and improve the financial functions.

Our staff members can guide you through the process of a professional audit, provide advanced reporting and improve your day to day operations. With the audit, we are able to evaluate your current financial statements and verify the accuracy of statements of your company. Assessing your financial situation regularly can help you to have an accurate representation for strategic planning into the future.

Accorp Audit Firms

Auditing Services

Accorp’s audit firm professionals hold extensive experience and knowledge in performing audits of privately held businesses in a variety of industries, non-profit organizations and government agencies. This expertise is vital when auditing a company’s financial statements and corresponding disclosures.

With a focus on consistently exceeding client expectations and establishing longstanding, trusted relationships with those we serve, we apply our expertise to thoroughly understand our clients’ business objectives. Whether you require a financial statement audit or review, our professionals will respond with the most efficient and cost-effective recommendation; further validating the value we provide our clients in return for their confidence in choosing us as their auditor and business adviser.

The value we provide our clients goes beyond meeting the needs of financial reporting requirements. An added benefit when you engage with Accorp – we provide clients with bench-marking reports, shedding light into where their businesses is positioned in comparison to other businesses of comparable size within their industry. This insight and consultation creates a relationship beyond the audit with our team that leads to a long standing partnership, working to keep you apprised of the timely information you need in the evolution of your business.

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Setting Up A New Company In Singapore? Take Guidance From Accounting Firms In Singapore

Sarius Kok — Thu, 07 Sep 2017 09:39:57 +0000

Over the years, Singapore has emerged as a popular destination for doing business due to variety of reasons. Opening a private company in Singapore is much easier than forming a public limited company. So, if you are planning to Setup Company in Singapore, then here are some compelling reasons to hire incorporation services that can help you through your setup process:-

- Even though this Asian giant encourages foreign investments, but as a foreign investor you might not have much knowledge about the taxation and legal requirements for setting up a company in Singapore. The Singapore Business Incorporation Services would guide you with the step by step procedure of setting up your business for a smooth transition.

- In order to setup a new business in Singapore you need to follow all the all the legal procedures and fulfill all registration process formalities in a rightful manner. These companies can be of great help in such cases because they handle all the paperwork for you

Apart from setup services, some companies even offer Accounting Services to manage the financial aspects of your business. They have all the expertise and experience in maintaining your financial records for auditing purposes as well.

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Take The Advantage of High-End Bookkeeping Services in Singapore

Sarius — Thu, 13 Jul 2017 12:27:29 +0000

Singapore is the hub for global businesses. Because of the attractive tax rates, world-class infrastructure, and government policies Singapore has become a preferred destination for the worldwide organizations to commence their business. A lot of organizations come to establish their business in Singapore. However, each organization requires to a company as per the rules and regulations. To register company successfully as per the law, it is imperative to fulfill the registration process formalities and requisite in a rightful manner.

Company registration process is very intricate and time-consuming process. For the reason, it is best to avail services of a professional company that can make the entire process stress-free experience. There are many companies that offer Singapore Company Registration Services. Accorp is a trusted name in the industry that offers a comprehensive range of the services. We have years of experience and helped many organizations in company registration process. Additionally, we also offer our services in other domain like auditing, accounting, bookkeeping, and taxation to name a few.

We have a qualified team professional who offer comprehensive and personalized solutions to the clients as per their distinctive requirements this. If you are looking for Accounting Services in Singapore then, you can count on us. We offer impeccable and quality solutions a cost-effective price. To learn more about us, visit the web page.

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