Description
Fozl is a Singapore-based service provider on the EDB Connections Concierge. The company provides such services as accounting, company incorporation, corporate secretary, tax service, and many others.
Fozl provides secretary services that include appointing a qualified statutory secretary, keeping corporate records & documents, following up on company annual reviews, appointing or removing directors, and appointment or change of auditors. They will assist in the change of company name or registered office, company capital increase, transfer of shares, reduction of the company’s registered capital, and dual authentication of corporate documents.
Fozl provides annual return services such as preparation of annual return documents, preparation of documents for the Annual General Meeting, follow-up on the progress of annual return, reconciliation of company annual return documents, and representation of the company’s annual return to ACRA and archiving of annual return documents.
Accounting services provided by Fozl include creating accounts in accounting software and entering accounting transactions. Fozl will prepare a balance sheet, profit & loss account, cash flow statement, statement of changes in equity, breakdown of accounts, and the company’s financial reports.
Fozl provides financial statement preparation services and will help with directors’ reports & statements, auditors’ statements, statements of financial position, profit & loss account, statement of shareholdings, cash flow statements, and notes to the financial statements.
Fozl external audit services include statutory and international standard audits, review of the accounting system and internal controls, and financial due diligence. Internal audit services provided by Fozl include developing & implementing a risk-based audit model and risk assessment, evaluation, and testing. Moreover, they provide special audits such as auditing of sole proprietorships and partnerships. They will review the internal operations, control systems, inventory systems, and so on.
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Services
Accounting
FOZL can tailor our accounting services to meet the needs of our clients. Accounting services include: Providing accounting services using professional accounting software, depending on the complexity and requirements of the accounts. Creating accounts in accounting software and entering accounting transactions. Preparing the following: Balance sheet Profit and loss account Cash flow statement Statement of changes in equity Breakdown of accounts The company’s financial reports
Accounting Software
The Singaporean government encourages enterprises to adopt digital technology to increase productivity. In accordance with Singapore’s accounting standards and tax calculation and reporting requirements, the Inland Revenue Authority of Singapore provides the public with a list of registered accounting software to facilitate the market in selecting accounting software that is suitable and meets tax compliance requirements.
Advisory
Our consultants have extensive experience in planning and implementation. We can assist clients in preparing and applying for the relevant government programme and licenses. The general process is summarised as below
Auditing
Acording to the Singapore Companies Act, all companies incorporated in Singapore are required to appoint an auditor or an audit firm practising in Singapore to provide audit services to them within three months of incorporation. An audit is essential for building the credibility and reputation of a company and for making important business decisions. During an audit, an experienced accountant can understand the characteristics of a client’s industry, its mode of operation, management structure, potential problems and risk management, identify potential management and operational issues and provide professional solutions to the client.
Company Registration
Company Registration services allow company owners to officially register their businesses.
Secretary
Corporate secretary services are provided by third-party companies and are aimed at helping businesses with their every day operational needs.
Tax
Taxation services is an extensive range of services that includes tax preparation, tax advisory, tax calculation and others.
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