Accounting services provider can help Singapore SME to streamline the process work better and more cost effective than if business owners do it themselves. This is why many businesses are turning to hire accounting services providers to manage their taxation, accounting and bookkeeping matters instead of doing it themselves or having their own in-house accounting departments. However, although many believe outsourcing accounting and taxation matters is a better option for their business, they are still indecisive which accounting firm to engage. Many are concerned with price, quality of service and what does the package covers.
Besides the Big 4 accounting firms – KPMG, PwC SINGAPORE, EY (ERNST & YOUNG), DELOITTE & TOUCHE, that you may already be familiar with, many new startups or small business companies are also engaging professional services from accounting firms. In general, most of the accounting services providers outside Big 4 also provide many of the services that companies need or most commonly outsourced – bookkeeping services, compiling financial statement, corporate income tax Singapore, GST and ECI filing, personal income tax.
Top 5 Largest Accounting Services Providers In Singapore (Outside Big 4):
- RSM Chio Lim LLP
- BDO LLP
- FOO KON TAN LLP
- BAKER TILLY TFW LLP
- NEXIA TS PTE LTD
New SME can have more benefits not only in terms of accounting fees but they can also get one stop services from company incorporation, secretarial services to tax preparation services which can save new startups from uncertainty when comes to tax filing at reasonable fees and competitive rate. The accountants are trained professionals with updated knowledge of the accounting standards so business owners can rest assured of being compliance with regulations of ACRA, GAAP and SFRS or accounting errors. With less errors in accounting, business owners will be in better position in understanding the companies growth. Business can be saved from unexpected huge losses due to negligence or the analysis can help companies to know where they can control budget to cut down on unnecessary spending at the supply chain. Do check out our Singapore Accounting Partners Selection for more tips on how to choose your suitable accounting partner.
At SingaporeAccounting.com Pte. Ltd., we provide FREE accounting consultation services for your business. Contact our friendly consultants today to learn how you can gain more benefits and cost savings for your accounting services Singapore.