Accounting & Taxation
At HeySara, we know how hard it is for SME in starting up a new business.
Therefore, we strive to offer affordable accounting and taxation packages to SME businesses. We do this by leveraging on the use of intelligent cloud solutions and outsourcing services, and as a result, we simplify our efforts so that we can pass the bulk of our cost savings back to you!
And as your business grows, we can adjust and adapt our service offerings to meet your increasingly complex needs as well.
Simple, affordable and time-saving. Learn more about HeySara Smart accounting services now!
Monthly Bookkeeping
$188 per month
- Perform book-keeping and verify client’s data and documents
- Use of Cloud Accounting Software for data entry
- Clients invoice/expenses/receipts to be electronically captured and transmitted to us using our Mobile Expense App
- Perform Bank Reconciliation
- Preparation monthly Management Report
- Perform book-keeping and verify client’s data and documents.
- Use of Cloud Accounting Software for data entry
- Clients invoice/expenses/receipts to be electronically captured and transmitted to us using our Mobile Expense App.
- Perform Bank Reconciliation
- Preparation monthly Management Report
| No of Transactions | Receipts per month |
| Less than 20 | $188 per month |
| 21 – 50 | $288 per month |
| Above 50 | Ask for custom quote |
| Add-ons | |
| Manual collation and data capturing of all receipts/transactions | + $50 per month |
| Transportation to collect manual receipts/ documents | + $50 (2 ways) |
| Subscription Fee for Accounting Software | |
| Financio Software | Included |
| Xero Software | + $30 – $50 monthly |
Quarterly Bookkeeping
$388 per quarterly
- Perform book-keeping and verify client’s data and documents
- Use of Cloud Accounting Software for data entry
- Clients invoice/expenses/receipts to be electronically captured and transmitted to us using our Mobile Expense App
- Perform Bank Reconciliation
- Preparation 3 Months Management Report
| No of Transactions | Receipts per quarter |
| Less than 50 | $388 per quarter |
| 51 – 100 | $488 per quarter |
| Above 100 | Ask for custom quote |
| Add-ons | |
| GST Computations and GST Filing | + $200 per quarter |
| Manual collation & data capturing of all receipts/transactions | + $50 per month |
| Transportation to collect manual receipts/ documents | + $50 (2 ways) |
| Subscription Fee for Accounting Software | |
| Financio Software | Included |
| Xero Software | + $30 – $50 monthly |
Annual Compliance Package (Live company)
$1,288 per annual
- Annual Book-keeping
- Prepare Unaudited Financials Statement Compilation
- Perform Tax Computation and Tax Filing
1. Annual Book-keeping
- Perform book-keeping and verify client’s data and documents.
- Assuming no of transactions / receipts per annum is less than 50 per annum
- Perform Bank Reconciliation and prepare Annual Management Report
| No of Transactions | Receipts per annum |
| Less than 100 | – |
| 100 – 200 | + $180 |
| Above 200 | Ask for custom quote |
| Add-ons | |
| With multi-currency Transactions | + $200 and above |
| Group Accounts (for Companies with subsidiary companies) | + $300 and above |
2. Prepare Unaudited Financials Statement Compilation
- For small Exempt Private Limited Company operating in general trades and businesses that only requires compliance to the Company’s Act.
| Add-ons | |
| Prepare Financial Highlights in XBRL | + $150 |
| Prepare Full FS in XBRL Format | + $300 |
| Prepare Full FS in XBRL Format (with Group Accounts) | + $450 |
| FS Compilation with Group Accounts | + $300 |
| Companies operating under certain restricted businesses that has additional compliance requirements (e.g. Finance, Construction, etc) | Ask for quote |
3. Perform Tax Computation and Tax Filing
- Perform Tax Computation
- Prepare Form C/S and perform Tax Filing with IRAS.
| Add-ons | |
| Form C Submission | + $150 |
Tax
All companies are required to submit their tax returns to IRAS on an annual basis.
With our tax professionals, you can rest assured that we will do the necessary tax planning, so that we can optimise the amount of taxes that you will have to, without breaking the law.
Filing of Form C/S with Tax Computation
From $300
Filing of Form C with Tax Computation
From $500
Tax Filing for Sole Proprietorship / Partnership
From $100
GST Tax Filing
From $200 per quarter
FAQ
Accounting refers to the recording of transactions in books of accounts. This process will help you ascertain the correct profit or loss and position of assets and liabilities as on a date and for a period.
Taxation refers to the process of determining your liability to collect and pay taxes. It also involves filing of tax returns with the Inland Revenue Authority of Singapore (IRAS).
All Singapore companies are required to file tax compliance in accordance to their business structures. Failure to do so may lead to government fines and penalties. If you are uncertain of your tax obligations, feel free to contact us for a free consultation.
All Singapore companies are require to submit 2 corporate income tax returns annually – Estimated Chargeable Income (ECI) within 3 months from financial year end and Corporate Income Tax Return (Form C/C-S) by late November or early December via e-filing. Exceptions are made to companies who are qualify for ECI waiver or granted Waiver of Income Tax Return Submission by IRAS.
If you are uncertain of your tax obligations, feel free to contact us for a free consultation.
We use Xero, an online accounting software which supports single and multiple currencies.
Yes you can! And the best part, you don’t need to do a thing!
We will make the transfer easy and hassle-free. We will personally contact your current provider, take over all the documents and register and process the necessary paperwork. Even if your former accountant do not respond, the procedure can still proceed smoothly. Either way, just sit back and rest, knowing your accounting work is in good hands.
Other Services You May Need
Annual Financial Compilation
All companies are required to prepare their Financial Statement as part of their Annual Filing with ACRA. We offer customizable compilation packages to fit your unique needs better.
XBRL Conversion
It is mandatory for all companies to file balance sheets using XBRL taxonomy. Our team of professionals are here to help make your data conversion simple and hassle-free.
Business administrative work can be so time-consuming! Let us handle this burden for you. With our latest AI-platform, make any corporate request remotely on our own HeySara app!
Let us handle your monthly payroll with CPF, annual leave, medical leave and everything sorted so that you can spend more time on the things that matter.
