Being in charge of a flourishing business requires you to be transparent and compliant. Bookkeeping records a business' daily financial transactions in a systematic and verifiable method. These records help your company fulfill the compliance requirements stipulated by IRAS and ACRA.
Spice Route offers expertise in all global accounting related scenarios including setting up of accounting systems, consolidation of accounts, Internal audit, account due diligence and cleanup.
Our custom jurisdiction based financials metrics empower you with timely compliance of all accounting and reporting norms.
Set up the accounting system
Prepare the chart of accounts
Prepare monthly cash and bank reconciliation statements
Prepare management financial reports and GST returns
Compile statutory financial statements in accordance with Financial Reporting Standards
Prepare financial statements in XBRL format for ACRA filing
Spice Route Business’ helps you to conduct internal audit. Internal audit is a vital driver apt for management control, proactive risk management, best corporate governance and ongoing process improvement.
Every company in Singapore is required to file returns (Form C-S / Form C) with the Inland Revenue Authority of Singapore even if it is making losses. Companies that do not meet the Form C-S qualifying conditions will need to file Form C together with their financial statements, tax computations and supporting schedules.
Advise and documentation on GST registration for your business
Prepare and file GST claims
A COR is required by companies in order to certify its Singapore tax residency. Spice Route Business can assist with the application of COR for companies to avail tax benefits under the Double Taxation Agreement (DTA).
We undertake transfer pricing analysis to identify the optiml margins to be kept for transfers between related parties making it convenient for clients to create a secure and flexible TP policy aligned to your corporate objectives as per the jurisdictions you operate from.
Determine factors affecting personal tax calculation
Advise on deductions and payments modes