Accounting & Taxation

You can let us handle your entire accounting and taxation and choose from the variety of ad-hoc services. We accept the documents in whichever format you keep them, so you don’t have to worry about it.

Our Packages are based on the number of monthly or yearly transactions

Monthly Package

The monthly package is mostly for fully operational companies with a medium to high amount of transactions. The advantage of this package is that you receive updates on your finances monthly, so you can plan for the future.

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Accounting & Taxation

Extra S$25/mth if your account has multi currency and less than 76 transactions a month

All Includes
  • Bookkeeping
  • Compilation of Unaudited Report
  • Access to Accounting Software
  • Tax: Filing of Estimated Chargeable Income (ECI)
  • Form C/C-S
  • 1–10 transactions

    S$100per month
    S$135per month
  • 11–30 transactions

    S$200per month
    S$270per month
  • 31–75 transactions

    S$350per month
    S$455per month
  • 76–125 transactions

    S$500per month
    S$625per month
  • 126–200 transactions

    S$650per month
    S$815per month
  • 201–300 transactions

    S$850per month
    S$1,065per month
  • > 300 transactions

    Additional charges for 301 transactions and above, every 20 transactions

    S$60
    S$85

Yearly Package

Generally, the yearly package is tailored for businesses with fewer transactions, newly incorporated companies and startups. You can upgrade to the monthly package as you grow.

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Accounting & Taxation

Extra S$300/yr if your account has multi currency

All Includes
  • Bookkeeping
  • Compilation of Unaudited Report
  • Tax: Filing of Estimated Chargeable Income (ECI)
  • Form C/C-S
  • 1–50 transactions

    S$600per year
    S$900per year
  • 51–75 transactions

    S$850per year
    S$1,275per year
  • 76–100 transactions

    S$1,000per year
    S$1,500per year
  • 101–125 transactions

    S$1,150per year
    S$1,670per year
  • 126–150 transactions

    S$1,300per year
    S$1,885per year
  • 151–200 transactions

    S$1,600per year
    S$2,320per year
  • 201–250 transactions

    S$1,850per year
    S$2,590per year
  • 251–300 transactions

    S$2,100per year
    S$2,940per year
  • > 300 transactions

    Additional charges for 301 transactions and above, every 20 transactions

    S$60
    S$85

Additional services

Services you may require if your account meets certain criteria.

  • 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 Hightlight

    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$500

Ad-hoc services

One-off services upon your request.

  • 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
      S$800
    • Consolidated Unaudited Report only
      S$1,000
  • GST registration

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

    S$300per application
  • 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)

    Have to be authorised for IRAS e-services

    S$100
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Q&A

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.

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Osome Pte. Ltd. is registered as a filing Agent FA20170653

Employment Agency License — 18S9028

Our accountants are certified by ISCA