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Audit & Assurance
Our dedicated audit teams are able to provide professional accounting and auditing services that meet your local and international statutory and regulatory requirements. We are here to create optimum solutions designed to meet your specific needs, wherever in the world your business happens to take you.
As with all of our clients, our partner-led team will be committed to providing you with sound commercial advice for any strategic ideas you might have, or any problems you may be experiencing. We will make it our business to understand yours, advising you and making recommendations regarding the development of your business.
Services we offer:
- Statutory Financial Audit
- Financial Due Diligence
- Internal Control & System Review
- Operational & Performance Audit
Digitalization of Accounting Process & Bookkeeping
Our services includes maintaining daily accounting records or updating accounts periodically i.e. monthly, quarterly, half yearly, annually or updating backlog accounts. These include the followings:
Collecting, digitalizing and recording of all business transactions data.
Transactions include sales, purchases, receipts and payment.
Records books include sales book, purchase books, general ledger, cash book, journals, register book, etc.
Documents include sale invoices, purchase invoices, payment vouchers, cheques, etc.
Upon completion we will produce the following reports for you.
Trial balance
Balance Sheet
Debtors Aging report
Bank Reconciliations
Creditors Aging Report
Fixed Asset Schedule
Any other related schedules
Trading and Profit & Loss Account
Preparation & Filing of XBRL
What is XBRL?
XBRL (eXtensible Business Reporting Language) provides a language in which reporting terms can be authoritatively defined. Those terms can then be used to uniquely represent the contents of financial statements or other kinds of compliance, performance and business reports. XBRL lets reporting information move between organisations rapidly, accurately and digitally.
More information on XBRL can be found at www.xbrl.org.
Most companies previously file their Financial Statements in PDF format. By adopting XBRL standards, ACRA believes it can facilitate the conduct of business in Singapore, by providing more value-added financial information and enhancing the regulatory environment with improved transparency and timely dissemination of relevant financial information.
XBRL enables source data to be tagged electronically, making the data machine-readable. Thus, the user’s system can automatically extract the information without the need for copy-pasting or keying-in. XBRL enables tagging of numbers, quantitative data and textual information. The benefits of XBRL go beyond compliance since any data collation process can be streamlined using electronic tags.
- Statutory Financial Audit
- Financial Due Diligence
- Internal Control & System Review
- Operational & Performance Audit
Tax Services
We provide tax planning to tax compliance to assist our clients in maximising tax benefits available, maximise working capital and minimising any tax liabilites, whilst our client can give their focus on managing their business.
Below are the range of services provided relating to tax:
- Preparation and filing of tax returns for companies, individual, sole proprietor and partnerships
- Corporate tax planning
- Individual tax planning
- Preparation of deferred tax computation (Form C, Form C-S)
- Advice on other related tax matters
- Preparation and registration for GST
- Submission of GST quarterly report
Payroll Services
We understand that having a functional payroll system is essential to our client’s business. Here at Equilibro, we are committed in providing effective consultations and assistance in payroll services.
We will process your Singapore payroll by accurately calculating salaries of your staff on a monthly or weekly basis. The entire process includes salary credits, production of pay-slips and credits into CPF / MPF accounts of your employees.
- Disbursement of correct salary to the employee via online transfer, cash or cheque
- Ensure compliance to the laws pertaining to CPF, SDL and other statutory donations
- Ensure timely submission of CPF and other legal payroll Singapore related documents
We will update the Singapore payroll information related to salary increments of your employees. We will also adjust the differences occurred due to salary increase.
- Timely updation of tedious and time-consuming salary variation data is an important part of our Singapore payroll service
- Ability to edit the payroll data quickly as per the changes in the salary of the employees
- Exhaustive Singapore payroll data back-up ensures peace of mind
Maintenance and management of allowances, deductions, arrears, savings, and loans for your employees, is the top priority of our payroll services Singapore.
- Calculation of correct salary, after including all the allowances and deductions
- Computing the salary for new joiners and resigned employees based upon the number of working days registered by them
- Singapore payroll service takes away the laborious task of data gathering and computing
We will assist in tracking and maintaining data and movements of your employees.
- As a part of our Singapore payroll services, we cipher the exact amount of salary to be disbursed,when the employee has moved to other location, locally or internationally
We will help in calculating monthly overtime, shift hours and commissions payable to your employees.
- Payroll services in Singapore helps to gather precise variables and calculation of accurate salary
- Adjustments made to the tax deductions based on the investments done by the employee
- Provision for including maternity, sabbatical, annual and balance leave calculations
e prepare customized reports for general ledger maintenance. Besides, we also assist in preparing monthly payroll reports and Central Provident Fund (CPF) reports, as a part of our payroll services in Singapore. We also perform special bonus runs and prepare tax forms, wherever applicable, for IRAS submission.
- Our Singapore payroll services ensure that the reports are generated and submitted on time
- Changes made to the report in case of changes in the employee’s dossier
Our HR service structure is the friendliest in the industry. We actually tailor them to meet your success.
- Help in starting your company with right employment terms and policies
- Day-to-day support for your HR and Payroll needs
- Assurance that your HR and payroll policies and practices comply with the imposed statutory regulations
- Additional services like HR transformation and HR crisis management
