Does My Small Business Need Accounting Services?

Yes. All companies in Singapore must comply with the Singapore Financial Reporting Standards (SFRS) once they are operational. By your Financial Year End (FYE) you must submit Unaudited Financial Statements (UFS), Annual Returns (AR), and your Corporate Tax Filing.

Even dormant companies must submit dormant annual returns with ACRA and notify IRAS by applying to waive the tax return filing requirement.