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WARNING… Choosing the right accountant for your business can mean the difference between success and failure!
Surprisingly, many business owners in Singapore are not carefully considering their business needs when selecting accounting personnel. That is because many people who not have a strong accounting background perceive all accountants as being equal. They choose a junior accountant to manage their finances.
But the reality is that all accountants are not created equal!
It is important that your accounting function and the financial report are complied with all statutory requirements, defined under the Companies Act, the Singapore Financial Reporting Standards, ACRA, GST and Tax Authority.
This helps you to get rid of the messy accounts, pile of obsolete stocks, bad debts and poor documentation. With proper internal controls, it safeguards your interest and assets. Eventually you have no worries on the possibility that you might face the investigation from statutory boards on GST or Income Tax. In long term, you save time, money and effort by engaging an experienced accountant to advise on the financial health, business risk and overall well being of the company.
The least you can do is engaged a CA to review your accounts to ensure your accounts and finances are in order.
Ms Lee Weiying is a professional and serious accountant. Be it about our accounts for Asia Tong International Group or personal tax issues, she has been able to provide very useful help and advice. Especially when it comes the Group finances, she has always been able to respond in the fastest time and the advice given is practical and effective.
The 1Accounting & Consulting Services team has always worked very hard and knowledgeably with us during the preparation of accounts and taxes. Due to the international nature of our business, this involved at times complex questions and knowledge of the implications for personal and U.S. tax and accounting requirements.
We particularly wish to single out their Executive Director Lee Weiying for her invaluable contributions to keep us up to speed on matters ranging from management account presentation, group consolidations (in different currencies), financial audit, income taxes, GST and accounting practices.
We are extremely happy with their services. Their knowledge in accounting & taxation is very good and they finish Filing of Returns on time with all necessary follow up. We have already recommended their services to our business partners.
They have a professional setup, thorough in depth knowledge of the accounting & taxation system and most importantly we believe that they keep our information confidential. Our experience with 1 Accounting has been great.
The support they give us not just make our singapore business grow, but also make a crucial part of our survival, because we are a wholly overseas stake-hold corporation. 1 Accounting & Consulting Service helps us to set our firm and business firmly in Singapore, and help us save a lot of trouble and cost, so we highly recommend and trust them.
I have personally experienced seeking financial advice during the weekends and also late at night, and have yet to experience any unpleasant encounter. This has enabled us to focus on our core business as a Private Education Institute.