ACFOSS ASSURANCE

Audit and Attestation Service

All Companies that do not meet the audit exemption requirements are required to table an audited financial statement prepared in accordance with the requirements of the applicable Singapore Financial Reporting Standards during the Company's Annual General Meeting (AGM). Our audits are conducted in accordance with the Singapore Standards of Auditing and other applicable legislation and pronouncements. In determining our audit approach, we first have to understand the client's business operations and its pertinent issues. This is to enable us to design an effective audit approach which will address the client's needs and concerns in the most efficient manner which will be cost-efficient.

We provide compilation of financial statements service for Companies which meet the audit exemption requirements according to the requirements by the applicable Singapore Financial Reporting Standards. We also conduct audit for Management Corporation and Strata Title ("MCST"), Charities and Not-For-Profit organizations.

Special (including revenue/sales turnover certification) and financial due diligence audit are undertaken and tailored to meet the needs and requirements of the clients based on an agreed set of terms of reference.

IT Consultancy and Software Solutions

We provide IT services, systems and procedures to assist clients in the effective management of their business for growth and expansion. Given the business complexities and environment, the effective use of IT may lead to an increased business advantage over its competitors. This may be undertaken by our in-house developed solutions or with the integration of third party software. Some of our in-house developed products include:-

• Human Resource Management System
• Personnel and Payroll System
• Time Attendance Management System
• Leave Management System
• Membership Administration System
• Financial and Accounting Solutions

Outsource Services

We enable owners to focus on strategic and key management issues in growing their newly-incorporated business rather than attending to backroom activities that do not justify the cost of hiring a full-time staff during the early stages of their business. We provide the following services:

• Accounting Services (including Submission of GST returns)
• Payroll Services
• Employment Matters
• Migratory Advisory (Employment and Work Pass Applications)

The above range of outsourcing services are also available to existing businesses who are facing temporary staffing issues or have the intention to outsource any of their backroom activities.

Secretarial Service

All registered Companies governed by the Singapore Companies Act ("the Act") are required to comply with all the statutory requirements of the Act and the various applicable legislations and pronouncements. To assist business owners in meeting these requirements, we provide a range of corporate secretarial services, which includes but not limited to the following:

• Incorporation of companies
• Registration of branch and representative office
• Nominee services
• Registered office facilities
• Maintenance of registers
• Preparation of Routine Resolutions ( such as opening of bank accounts, resignation and appointment of directors and annual general meetings)
• Preparation of Special Resolutions (such as amendments to the Company’s Memorandum and Articles of Association and capital reduction)
• Filing and preparation of statutory returns and prescribed forms to regulatory bodies
• De-registration of companies (Striking Off)

Taxation

Corporate and Personal Taxation

Businesses and individuals need to organize their financial affairs in the most tax-efficient manner in compliance with existing/applicable tax regulations and legislations. Accordingly, knowledge of the latest income tax incentive schemes or exemptions may result in significant tax benefits which ultimately lead to tax savings. To assist both businesses and individuals in maximizing these tax benefits, our taxation services are as follows:

Corporate Tax Service (For Companies and Businesses)

• Filing of Company's/Partnership’s tax return (Form C / Form P) including preparation of tax computation
• Attending to clarification/queries sought by tax authorities
• Attending to appeal and objection
• Tax investigation and dispute resolution
• Obtaining advance rulings from tax authorities Personal Tax Service
• Filing of personal tax return (including income generated from sole-proprietorship business) and preparation of tax computation
• Handling queries and investigation by tax authorities
• Tax clearance for expatriates
• Attending to voluntary disclosure and compliance