Outsourced Accounting Services in Singapore
ACRA or the Accounting and Corporate Regulatory Authority, the strict regulator of public accounts and corporates in Singapore, is bestowed with the authority to oversee if any company is failing to comply with the law and regulations of the country and to penalise defaulters. This stringent need for statutory compliance in Singapore has made it necessary for businesses – big or small – to ensure that their books of accounts are maintained by professionals. Because the task of maintaining flawless accounts and other key aspects of corporate compliance on your own can be daunting. Outsourcing of accounting services is the most sensible way out of this. Here are some reasons for you to go for credible outsourced accounting services in Singapore:
Help You Adhere to Statutory Laws
It is not possible for an amateur bookkeeper to be abreast with the changing laws and regulations of business accounting. Bestar, a professionally run outsourced accounting services Singapore, can provide you the services of certified accountants who are experts in the field. Our qualified team of accounting experts have in-depth knowledge of the ever-changing business legalities of Singaporean authorities, and help you in filing accurate year-end financial statements/reports by adhering to set stipulations.
Provide You with Professional Solutions
It is not easy for the one-man-army accountant on your pay-rolls to always maintain accurate financial records. When you outsource the services of a professional accounting company you get access to their latest accounting software which will help your company to accommodate the most recent changes in the tax rules and accounting regulations in Singapore and in maintaining accuracy in account work.
Save You Money
By going the “do-it-yourself” (DIY) way, it is not possible for you to navigate the confounding world of taxation and lessen the tax liabilities of your business. Outsource accounting operations from a full-service accounting firm like Bestar and they will help you pay as much as you need to. Their tax advisory services will help you with long term tax saving strategies and will also maximise your tax relief. This will save money for your business in the long run.
Doing It Yourself Will Cost More
When you outsource to a third-party accounting firm in Singapore, you save the infrastructure cost of hiring an in-house employee – you will not have to pay the monthly salary, bonus, benefits, insurance and cost of your regular employee. Instead, outsourcing accounting services is a better idea where you pay a fixed fee either project wise or monthly/yearly basis.
You can avoid the unnecessary worries of DIY accounting and appoint Bestar, a boutique accounting services provider with a comprehensive range of accounting and tax advisory solutions and concentrate only on growing your business.