Osome
Accounting & Taxation

Accounting & Taxation

Experience what it’s like to have all the cash flow information before your eyes every month. We work to provide healthy and transparent records throughout the year — so nothing unexpected pops up when the reports are due.

All our packages ensure full compliance: each comprises accounting and taxation services. Choose the package based on your company’s size. If you are not sure which one to pick, contact our experts via a secure chat.

I have a GST-registered company

20 transactions per month
40 receipts per month

Bookkeeping
Compilation of Unaudited Report
Quarterly review by accountant

Preparation & Filing of Estimated Chargeable Income (ECI)
Form C-S
Multicurrency Xero +S$25/m

40 transactions per month
80 receipts per month

Bookkeeping
Compilation of Unaudited Report
Monthly review by accountant

Preparation & Filing of Estimated Chargeable Income (ECI)
Form C-S
Multicurrency Xero +S$25/m

80 transactions per month
125 receipts per month

Bookkeeping
Compilation of Unaudited Report
Monthly review by accountant

Preparation & Filing of Estimated Chargeable Income (ECI)
Form C/C-S
Multicurrency Xero +S$25/m

160 transactions per month
250 receipts per month

Bookkeeping
Compilation of Unaudited Report
Monthly review by accountant

Preparation & Filing of Estimated Chargeable Income (ECI)
Form C/C-S
Multicurrency Xero

Tell us about your company, and our experts will help you pick out a package to best meets your needs

We’re flexible: we can extend an existing package or construct a new, tailored-made one. To save you the wait, our chatbot will collect the basic information and the human experts will then make recommendations on its basis.

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Transaction

Transaction

Transaction means ‘every time you withdraw money from or deposit money into your corporate bank account’. Let’s say a florist pays his supplier for flowers, pays salary to his cashier and then receives payment for wedding decorations. That makes 3 transactions

Receipts

Receipts

Receipts are business-related spendings: your employee took a cab to go to the business meeting and paid for the partners’ lunch. You reimburse these things to the employee. The cab ride bill and the restaurant bill make 2 receipts

Payroll

Payroll

Payroll – the documents a company needs in order to account for salaries and social security payments. These records must be in place for every employee

Alternative Packages

Our accountants work with all kinds of companies, so we are able to offer in-depth assistance to businesses with particular needs.

Yearly Accounting & Taxation

Optimal for those who don’t rely on accounting in evaluating business efficiency and just seek compliance.

You can always switch to the monthly package if your needs change.
- Up to 60 transactions
  Up to 180 receipts
  
  S$
  
  600
  
  per year

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We will be happy to answer your questions in a secure chat

Sleeping beauty (1 year)
Have us minimize the dormant company maintenance costs. Learn More
- Essential Corporate Secretary package
- Accounting services
- All associated government fees
S$

600

All fees included

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We will be happy to answer your questions in a secure chat

Super Lean Package

Includes Essential Secretary, Accounting for 50 transactions, unaudited reports, XBRL Highlight, ECI, Form C-S, and all government fees. Great for startups and companies with few transactions.

S$

1,000

All fees included

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We will be happy to answer your questions in a secure chat

Additional services

We know how to deal with practically all the things a company can encounter and we’re always there to help you out.

Audit Liaising

When you need us to liaise with the auditor on your behalf (only applicable to audited companies)

S$

500
Full XBRL

When your company has a corporate shareholder or more than 20 individual ones

S$

500
XBRL Highlight

When your company is in negative equity

S$

200
Consolidated Unaudited Report

When you are the parent company and need to combine the financial statements of your subsidiaries

S$

1,000

Choose your service

We will be happy to answer your questions in a secure chat

Ad-hoc services

Services to help you quickly handle one-off things. Try us out with these first and switch to a package solution afterwards!

Unaudited Report

A company must table the unaudited report to the AGM within 6 months of its financial year end. Additional S$20 for every adjustment of accounting errors
- Unaudited Report only
  
  S$
  
  500
- Unaudited Report + Tax
  $300 for dormant companies
  
  S$
  
  800
- Consolidated Unaudited Report only for 1 subsidiary. Additional +$300/each
  
  S$
  
  1,000
GST registration

If your revenue is more than S$1M a year

S$

300

per application
1 time fee
Corporate tax compliance
- ECI filing
- Preparation of tax computation
- Filing of tax return (Form C/C-S)
S$

500
Tax clearance for striking off

Only letter required stating that company has been dormant since incorporation

S$

100
Application for Certificate of Residence (COR)

To receive the service, the company has to be authorised for IRAS e-services

S$

100

Choose your service

We will be happy to answer your questions in a secure chat

Payroll & Personal Tax Assistance

We help companies calculate salaries and social security payments and assist individuals in filing their personal tax. Offload all these tasks to Osome and never worry about them again.

Payroll Outsource Service

Payroll calculation for your employees: basic salary, overtime, bonus, etc.

S$

25

per employee
per month
CPF Account setup

Necessary to pay salary

S$

100

one time
Form IR8A

Employee earnings submission

S$

100

per employee
Form IR8A + Appendix 8A

Employee earnings submission for the staff with benefits

S$

150

per person
Form IR21

Needed in case your foreign employee leaves the company

S$

100

per person
Form IR21 + Appendix 1

Needed in case your foreign employee who had benefits-in-kind leaves the company

S$

250

per person
Personal Income Tax filing

Offload the onerous filing to us

S$

150

per person

Choose your service

We will be happy to answer your questions in a secure chat

FAQ

In what form should I submit my data?

Send us your records in whichever format you have them. Drop your files in our app, store them in a cloud or e-mail to our experts — they’ll take care of the rest.

What is one transaction?

A transaction is any deposit into or withdrawal from the bank. This is assuming all payments and receipts are done through the company’s bank. An example can be payment to suppliers, salary payments, expenses reimbursement or customer transfer. Bank fees and charges will not be considered a transaction.

What are my tax filing requirements?

All companies are required to submit two corporate income tax returns annually — Estimated Chargeable Income (ECI) within three months from financial year end and Corporate Income Tax Return (Form C/C-S) by 30th November or 15th December if via e-filing. Unless qualifying conditions are met for ECI waiver or company has been granted Waiver of Income Tax Return Submission by IRAS.

What accounting software do you use?

Xero, which supports single and multiple currencies.

What is XBRL?

XBRL is the open international standard for digital business reporting, used around the world and it replaces older, paper-based reports with more useful, effective and accurate digital versions.

How is income assessed to tax?

Tax is assessed on income earned in the preceding financial year. For example, a tax return for the Year of Assessment (YA) 2019 would be to declare the income earned during the financial year 2018. This tax return is to be submitted by 30th Nov 2019 / e-filed by 15th Dec 2019.