Other than accounting services in Singapore, Bestar Services also offers other professional services including bookkeeping, tax planning, corporate secretarial services, and outsourced payroll services. Bestar has developed a reputation for professional excellence through the high quality of services they perform for their clients and they seek to bring greater value propositions to their clients, and create synergistic benefits for all professional outsourcing needs.
Their client base of Bestar's accounting services in Singapore reflects the range of their expertise, and they include:
Individuals
Medical and Dental Practices
Retailers
Estates
Manufacturers
Restaurants
Wholesalers
Commercial Organizations
Construction Companies
List of Client Services:
1) Accounting Services in Singapore
The computerized accounting services can be provided on a monthly / quarterly / annual basis in the following areas:
Bookkeeping
Set up the chart of accounts.
Record all payments and funds received.
Prepare monthly bank reconciliation statements.
Record all sales and trade debtors.
Record all purchases and trade creditors.
Record prepayments and accruals.
Record all assets purchased and related depreciation.
Record all Goods and Services Tax on the taxable purchases/supplies (if applicable).
Extract monthly trial balances and general ledger.
Management Reports
Compile profit and loss account and balance sheet.
Generate aged analysis of debtors and creditors.
Prepare and submit quarterly GST returns (if applicable).
Statutory Accounting
Preparation of financial statements under XBRL format (an ACRA requirement);
Preparation of consolidated financial statements which includes the consolidated cash flow statement, consolidated statement of changes in equity and notes to the financial statements in compliance with the FRSs;
Review and computation of tax and deferred tax provisions for inclusion into the financial statements;
Re-measure accounts to functional currency;
Complete consolidation and head office reporting packages;
Secondment of staff to assist in accounting work to relieve clients when faced with unexpected staff turnover or staff leave problems.
2) Corporate Secretarial Services in Singapore
Scope of Services include:
Maintaining statutory records for incorporated companies.
Filing of accounts/relevant forms with ACRA.
Preparing board resolutions and shareholders' resolutions.
Attending and recording minutes of board and shareholders' meetings.
Advising/updating clients on compliance with the Companies Act.
Incorporation of private companies.
Registration of Foreign Companies.
Registration (and renewal) of Representative Offices.
Applications for Employment passes, Dependant passes and Permanent Residence in Singapore.
Striking-off of private limited companies.
Members' Voluntary Liquidation.
Capital reduction.
Registered office address and facilities.
Acting as company secretaries for companies.
Arranging for nominee directors.
3) Accounts Payable Services in Singapore
We can assist you in processing the payment of your employee expense claims and vendor invoices such as:-
Payment of invoices and employee expense claims.
Issue of payment vouchers and prepare cheques.
Mail signed cheques to payees, or remit funds by telegraphic transfer.
4) Outsourced Payroll Services in Singapore
Compute net salary and CPF;
Provide payroll reports & finance journals;
Handle payment of net salary and CPF via our client trust account, including deposit of net pay into employees' bank accounts and issuance of confidential pay slips (hardcopy or electronic);
Prepare year-end IR8A and IR8S (hardcopy or electronic);
Prepare IR21 and other payroll related forms - NS MUP, GML, CPF Joint Application, CPF Refunds;
Manage E-leave.
5) Tax Planning Services in Singapore
Our in-depth understanding of the intricacies involved in complying with tax regulations locally will ensure tax compliance on all counts ultimately giving you peace of mind.
To meet your taxation needs, we can advise and assist you in:
Compliance
Corporate tax
Partnership tax
Personal income tax
Tax Consulting
Effective tax structuring/re-structuring and planning for local and cross-border transactions
Tax efficient employment packages
Accounting tax provision
Others
Tax incentives application
General tax consultancy
Filing Estimated Chargeable Income (ECI)
Preparing tax computation
In general, Bestar Services provides a complete full range of services in professional accounting services in Singapore for both individuals and businesses, including bookkeeping, corporate secretarial and tax planning services.