Professional Income Tax Filing Services in Singapore
For Singapore-based self-employed or salaried individuals who draw an annual income above S$22,000, filing personal income tax is a mandatory affair. When you are an individual so busy trying to juggle a demanding job with your personal responsibilities, it is easy to overlook the minutiae. In addition, tax filing is one area where you cannot afford to make mistakes. Incorrect tax filings come with penalties and hefty fines that you would want to avoid. Hiring a personal income tax filing services can easily take this burden off your shoulders. But that’s not all. There are also some other benefits of working with these firms.
Accomplish more than just tax filing
Individual tax filing services in Singapore like Bestar provide personal income tax planning services which boost your tax deductions and help you save more of your hard-earned money!
Never miss a detail
If you are someone filing their tax for the first time or you are not familiar with the rules, it is easy to overlook a detail or take the wrong step. Trusted personal tax filing services operate with the aim to make sure that never happens to their clients. They provide detailed guidance to help you properly complete and file your tax returns.
When you hire reputable companies offering personal tax filing services like Bestar, you can have your peace of mind knowing that you’re complying with the IRAS regulations to file your tax.
Manage your small business better
With the evolution of Singapore as one of the hottest global business destinations, the country has thrown open its doors to foreign entrepreneurs and investors. Plus, thanks to its dynamic business environment and a bustling start-up scene, alternative work arrangements such as contract-based employment, freelancing and self-employment are on the rise. If you are a part of the self-employed brigade, an income tax filing service can remove the headaches and hassles involved with tax filing as well as income tax compliance.
These firms are well-equipped to help you navigate regulatory complexities and avoid common pitfalls while providing the best solutions for your business in Singapore.
Separate business and personal expenses
This is another benefit for self-employed taxpayers. Often, such people tend to mix the personal expenses and business expenses, which can cause them to pay more taxes.
In reality, business expenses can be claimed as deductible expenses. Therefore, one must deduct the cost of running business and allowable business expenses from the profit to calculate their taxable income. However, keeping a detailed record of the business income and expenses and keeping it separate from their personal expenses can be tricky. Personal tax filing services can take care of this on your behalf.
If you wish to experience these benefits with your income tax filing, talk to us today.