Privéspace has close partnerships with Aspri Associates (S) Pte. Ltd. and a number of CPA firms to provide our clients with accounting, tax and auditing services. We work closely with a team of accountants who has an average of 15 to 20 years’ experience in providing accounting and book-keeping services to small and medium size companies.
- New business accounting system set up
- Monthly and quarterly bookkeeping services
- GST return preparation and filing services
- Payroll administration services
- Singapore tax preparation and submission
- Statutory audit services
- GST accounting/audit services
- Forensic accounting services
Clients who have Singapore Companies are advised to engage a professional firm of accountants for comprehensive bookkeeping and accounting work, to ensure statutory compliance under the Singapore Companies Act. Clients should be aware that in Singapore, as in any country for that matter, accounting service fees vary widely from firm to firm. More important than to select the accountant with the lowest fees, is to pick a professional firm that offers only the best quality of accounting (for the fee that is within your budget).
To save on your running costs, you should discuss with your accountants to provide accounting services on a flexible basis (weekly, monthly or yearly). With this arrangement, you will be able to have the dedicated support of an accounting team without having to bear high fixed staff costs.
If your business handles your own book-keeping, but requires more high level financial management services, you may consider “sharing’ services of a finance and administration manager with another company for S$30,000 per annum (or 1/3 of the cost of a full-time manager). Due to the labour crunch in Singapore, the minimum salary package for a full finance and administration manager is around S$90,000 per annum (inclusive of CPF, AWS, annual leave, medical leave and insurances).
If you like to keep all your virtual office business support services under one roof, do contact us today if you need accounting solutions for your specific accountancy and bookkeeping requirements.