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XBRL filing and XBRL format report

 

 You might be aware that the Accounting & Corporate Regulatory Authority (ACRA) implemented a new filing requirement for Singapore incorporated companies to file your financial statements in XBRL format with effect from 1 November 2007.

XBRL stands for eXtensible Business Reporting Language.  It is the director’s responsibility to ensure the accuracy and correct representation of information.  It is a time-consuming task and often, you would need be to equipped with sufficient level of accounting background and knowledge on Singapore Financial Reporting Standards before you could carry out this task effectively

As the director, you can either

  • DIY yourself by accessing on to the Bizfile website, learn the procedures and prepare the XBRL report yourself; or
  • free yourself of this hassle by dumping this no-revenue generating task to a professional accounting firm like 1 Accounting to assist you in the preparation.

 

Before you engage us for the XBRL filing, we will carry out the assessment whether you really need for the XBRL filing as there is exemption for certain companies that meet the exemption criteria.  Why not check with us on the exemption to save you cost and eliminate your worries on accounting compliance?

Why Choose Us?

  • Our Complimentary For Accounting Services

    We DO NOT charge you the out of pocket expenses (except transport & courier fee) for the first year.What‘s more, our services provide complimentary basic tax planning and variance analysis. We provide you a 60min consultancy session, visiting you, face to face to explain the year end financials, discuss general business and tax planning issues and any internal control improvement that we think it is necessary for you to know and help you to improve. It is complimentary, worth $200.
  • Differentiated Tax Services

    If you are having a taxing time doing your taxes and PIC Cash Payout claim, leave it to the professionals. We do carry out tax planning before we claim the PIC for you so that you could benefit most out of the tax incentives
  • Business Processes Improvement

    We aim to improve your business processes through proper set up of accounting records, filing system, order to cash procedures and other internal controls.
  • Backed Up By Solid Experience

    We have years of experience in handling full set of accounts ensuring compliance and timely reporting, ensuring that you are well taken care of.

Professional Accounting Services

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Non-Routine Accounting Services

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Messy account? Backlog? Incomplete account? Consolidation need? Meet urgent deadlines? We provide reliable yet affordable professional non-routine accounting service to meet your accounting needs

Taxation Related Services

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Our Tax Solutions for SMEs, MNCs, Entrepeneurs, Business Startups : Goods and Services Tax (GST) services: advisory, GST reporting, registration, quarterly computation & submission.