Why Do I Need To Prepare Financial Statements?
All Private Limited Companies in Singapore are legally obligated to prepare their Financial Statements yearly(either Audited or Unaudited). Financial statements provide detailed and crucial information about a company's financial position, performance, cash flows, and any pertinent changes that help users make economic decisions.
How can we help
Margin Wheeler can assist you with the following services:
- Full Accounting Services
- Drafting of unaudited financial statements for exempt companies & audited financial statements through our associated audit partners.
*Fees may increase depending on the complexity of the accounts.
which COMPANIES ARE EXEMPT FROM preparing AUDITed financial statements?
Private Companies which fulfill the following criteria are exempt:
- Have no corporate shareholders and no more than 50 individual shareholders.
- Report turnover/assets of less than S$10 million for the accounting year.
Have you incorporated your company yet?
Let us help you get started with your very own Private Limited Company!
Engage Our Service
Your Financial Statements needs to be prepared in accordance to Singapore Accounting Standards.
We're proficient at that, and our prices start from just S$500/year!
Lead Time For Service
Case-by-Case Basis - Depending on the complexity of your accounts. Let's talk!
Compliance with Local Laws
Why do you need a Corporate Secretary?
Section 171 of the Singapore Companies Act, Chapter 50 requires ALL Singapore Companies to appoint a Singapore Company Secretary to handle on-going statutory compliance matters.