Ian & Son

Being a professional accounting firm, we help you understand the importance of bookkeeping, and hence see the value it adds. In particular, we aim to provide first-class bookkeeping services to help your business grow. You have the assurance with us that we prepare your accounts in accordance to the SFRS. With a core focus on bookkeeping and accounting for SMEs, we employ cloud-based software like QuickBooks and Xero. Because of that, you can access and manage your business so much easier, from anywhere in the world.

To set up a business in Singapore, apart from the business planning and pre-incorporation work, one must carefully consider the type of business structure that would be the most ideal to carry out its operation. The main types of business structures in Singapore to consider for incorporation are sole proprietorship, partnership, company, limited liability partnership and limited partnership. A comparison table listed by ACRA helps to differentiate the various types of business structures.

At a certain stage of most business incorporated in Singapore, hiring of employees is a natural stage for the growth of the company. With that, the management of payroll comes into the picture of running the business. Effective management of payroll plays an important role in both meeting regulatory requirements and maintaining healthy employee relationship with the company. The main difficulty that companies face is usually lacking the financial, legal and operational framework capabilities from an established human resources department.

At I&S, one of the core business that we focus on is providing professional corporate secretarial services, and we focus on being reliable and cost efficient. Usually, the engagement of our corporate secretarial services is done hand in hand with our incorporation services where our team can advise and execute on all corporate matters and documentation.

The second mandatory tax for companies who are GST registered is the quarterly submission of the Good and Services tax. There are two kinds of companies who applies to be GST registered, these are either mandatory registration or voluntary registration. A tax consultant who is qualified to prepare such tax services will be able to provide you the tax advisory services that you will need to know. The main condition for mandatory GST registration is an annual turnover exceeding $1 million, your tax consultant should be able to provide are mainly the obligations on whether you are required to be GST registered, timing for registration and rectifying late registration. Also for voluntary registration, the tax consultant should be able to lay out key points based on your business structure to make a decision.

The second mandatory tax for companies who are GST registered is the quarterly submission of the Good and Services tax. There are two kinds of companies who applies to be GST registered, these are either mandatory registration or voluntary registration. A tax consultant who is qualified to prepare such tax services will be able to provide you the tax advisory services that you will need to know. The main condition for mandatory GST registration is an annual turnover exceeding $1 million, your tax consultant should be able to provide are mainly the obligations on whether you are required to be GST registered, timing for registration and rectifying late registration. Also for voluntary registration, the tax consultant should be able to lay out key points based on your business structure to make a decision.

The second mandatory tax for companies who are GST registered is the quarterly submission of the Good and Services tax. There are two kinds of companies who applies to be GST registered, these are either mandatory registration or voluntary registration. A tax consultant who is qualified to prepare such tax services will be able to provide you the tax advisory services that you will need to know. The main condition for mandatory GST registration is an annual turnover exceeding $1 million, your tax consultant should be able to provide are mainly the obligations on whether you are required to be GST registered, timing for registration and rectifying late registration. Also for voluntary registration, the tax consultant should be able to lay out key points based on your business structure to make a decision.

The first mandatory tax that all companies is subjected to and is mandated to file is the Corporate Income Tax. The current Corporate Income Tax rate is 17%, which have been effective from the Year of Assessment 2010. The previous Corporate Income Tax rate are 18% from 2008 to 2009 and 20% from 2005 to 2007. There are also tax rebates for all companies for the taxable income taxed. For more details, you may like to seek advice from a tax accountant who is specialized in such tax services or you may also go check it out directly with IRAS.

The first mandatory tax that all companies is subjected to and is mandated to file is the Corporate Income Tax. The current Corporate Income Tax rate is 17%, which have been effective from the Year of Assessment 2010. The previous Corporate Income Tax rate are 18% from 2008 to 2009 and 20% from 2005 to 2007. There are also tax rebates for all companies for the taxable income taxed. For more details, you may like to seek advice from a tax accountant who is specialized in such tax services or you may also go check it out directly with IRAS.