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FAQ

Most frequent questions and answers

One Accounting Services Singapore is a company that provides a range of accounting and financial services. Our company has a team of dedicated accountants and financial professionals who can help businesses of all sizes and industries with their financial needs.

Here are some potential reasons why you might consider us:

  1. Expertise: We have a high level of expertise and knowledge to help you with your financial needs.
  2. Personalized Service: The company aims to provide personalized service and tailor their solutions to the unique needs of each client.
  3. Comprehensive Services: We provide a range of services, including company incorporation, bookkeeping, tax planning, and payroll processing, which can help businesses with their financial needs at various stages of their growth.
  4. Technology-Driven Solutions: We leverage technology to provide efficient and effective solutions to our clients, such as cloud-based accounting software and digital tools for streamlining processes.

 

Yes, we offer flexible and affordable service rates that can be tailored to your specific needs and budget, allowing you to save money and get the most value for your investment.

At One Accounting Services Singapore, we offer accounting, bookkeeping, and corporate secretarial services. We understand that every business has unique financial needs and requirements. We believe in providing high-quality accounting, bookkeeping, and corporate secretarial services that are accessible to businesses of all sizes, whether you’re a startup, a small business, or a larger enterprise.

We work closely with our clients to understand their business operations and financial goals, and then develop customized solutions that fit their specific needs. Our services are priced competitively, and we offer transparent pricing with no hidden fees or charges.

Contact us to learn more about our flexible service rates and how we can help your business remain compliant while staying within your budget.

Choosing a business name, and creating and submitting incorporation documents, are just a few of the procedures involved in incorporating a company. The duration of each of these processes can also change.

In simple cases, the company registration process can be relatively straightforward.  For example, online registration can be completed in just a few steps, such as choosing a business name, filling out basic information, and paying a fee.

Companies that need particular licenses or permits, may find the procedure to be more difficult. In these circumstances, the registration procedure may entail drafting and submitting several pieces of paperwork, acquiring various permits and licenses, and fulfilling various regulatory requirements.

To get a better idea of the incorporation timeline for your specific situation, it’s best to get in touch with us who can guide you through the process and provide a more accurate estimate of the time required to incorporate your company.

These are some necessary general requirements needed:

  1. Business name: You will need to choose a unique business name that is not already in use by another company.
  2. Business structure: You will need to determine the structure of your company, such as a sole proprietorship, partnership, limited liability company (LLC), or a private limited company.
  3. Documents of incorporation: You will need to prepare and file the appropriate documents that establish your company as a legal entity. This may include the First Board Meeting Resolutions for incorporation, Consent to act as a director, and application for share.

It’s important to note that the specific requirements for registration may vary depending on the type of company, and additional requirements may apply. It’s best to consult us to ensure that you meet all the requirements for registration in Singapore.

At our accounting and bookkeeping firm, we take confidentiality very seriously. We understand that our client’s financial information is sensitive and must be handled with the utmost care. To ensure confidentiality, we have strict policies and procedures in place to safeguard your data.

These include but are not limited to having:

  1. Non-Disclosure Agreements: A reputable accounting or bookkeeping service provider should be willing to sign a non-disclosure agreement (NDA) to protect the confidentiality of your information.
  2. Limited Access: Access to confidential information should be limited to only those employees or contractors who need it to perform their duties.
  3. Data Security: Confidential data should be stored and transmitted securely, such as using encrypted data transmission, secure servers, or other industry-standard security measures.
  4. Regular Auditing: Regular auditing can help ensure that data security and confidentiality policies are being followed.
  5. Trusted Employees and Contractors: Service providers should carefully vet their employees and contractors to ensure they are trustworthy

    6. Contact us today to take advantage of our expert accounting and bookkeeping services and achieve financial success for your business.

There are several reasons why you should consider our accounting and bookkeeping services for your business.

  1. Save Time and Focus on Your Business: Handling accounting and bookkeeping tasks can be time-consuming. Outsourcing these tasks to us can help you streamline your financial processes, allowing you to focus on other critical aspects of your business.
  2. Cost Savings: Outsourcing your accounting and bookkeeping can be cost-effective because our services can help you reduce costs and improve your bottom line.
  3. Ensure Accuracy and Compliance: Accounting and bookkeeping are critical to the financial health of your business. By working with us, you can ensure that your financial records are accurate, up-to-date, and compliant with relevant regulations and tax laws. We utilize the latest technology to provide accurate and reliable financial information in a timely manner, giving you the insights, you need to make informed decisions.
  4. Peace of Mind: You can have peace of mind while working with us, knowing that your finances are in good hands. You will have accurate and reliable financial information to guide your business decisions.
 

Contact us today to take advantage of our expert accounting and bookkeeping services and achieve financial success for your business.

Our accounting and bookkeeping services are designed to meet the unique needs of each client. We offer a range of services that can be customized to suit your specific requirements. For instance,

    1. Recording and Classifying Transactions: This includes recording transactions in accounting software, classifying transactions into the appropriate accounts, and reconciling bank and credit card statements.
    2. Accounts Payable Management: This includes managing vendor invoices, processing payments, and keeping track of accounts payable balances.
    3. Accounts Receivable Management: This includes creating and sending customer invoices, following up on overdue accounts, and tracking accounts receivable balances.
    4. General Ledger Maintenance: This includes maintaining a record of all transactions in a general ledger, preparing adjusting entries, and reconciling accounts at the end of each period.
    5. Financial Reporting: This includes preparing financial statements such as income statements, balance sheets, and cash flow statements, and providing customized reports as needed.
    6. Tax Preparation and Planning: This includes preparing and filing tax returns, and providing tax planning advice to help minimize tax liabilities.

Contact us today to learn more about our comprehensive accounting and bookkeeping services and how we can help you achieve your financial goals.

To provide comprehensive accounting and bookkeeping services, we require access to certain documents and data from your company. Below are some examples of access we need:
    1. Your bank statements, sales and purchase invoices, receipts etc.
    2. Your accounting software, such as QuickBooks or Xero, and any other relevant software or systems that you use to manage your finances.
    3. Your tax returns, payroll records, and other confidential documents related to your financial operations.
We understand that your financial information is sensitive and confidential, and we take all necessary steps to ensure the privacy and security of your data.

  1. Company incorporation and registration: We can help you navigate the process of incorporating a new company or converting an existing sole proprietorship or partnership into a private limited company.

  2. Maintaining statutory records: Companies are required to maintain accurate records of their members and officers, such as share registers, board and shareholder meeting minutes, etc. We can help ensure that these records are kept up-to-date and compliant with regulatory requirements.

  3. Ensuring compliance with laws and regulations: We are responsible for ensuring that your company complies with relevant laws and regulations, such as the Companies Act, Employment Act, and Data Protection Act, among others.

  4. Managing corporate governance: Corporate secretaries play a critical role in managing corporate governance by advising the board of directors and ensuring that the company’s policies and practices align with its strategic goals and values.

  5. Handling communication with regulatory bodies: We can act as the primary point of contact for regulatory bodies, such as the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. This ensures that the company’s communication with regulatory bodies is professional and compliant with the relevant laws and regulations.

Hiring us as a corporate secretary can bring several benefits to your business.

Here are 3 reasons why you may want to consider hiring OAS as a corporate secretary:

    1. Expertise: Our team has extensive knowledge of corporate laws and regulations in Singapore, and we stay up-to-date with any changes that may affect our clients. This expertise enables us to provide customized solutions that meet the unique needs of your business.
    2. Efficiency: We leverage the latest technology and software to ensure that your corporate secretarial tasks are completed efficiently and accurately. This helps you avoid costly errors and penalties that can result from non-compliance with regulatory requirements.
    3. Compliance: Our secretaries can ensure that your business remains compliant with all relevant laws and regulations. This includes maintaining accurate records, filing annual returns, and communicating with regulatory bodies, among other tasks.

 

Overall, One Accounting Services Singapore can provide you with the expertise, efficiency, and compliance that your business needs to succeed.

As a service provider, One Accounting Services Singapore has systems and processes in place to ensure that payroll is processed accurately and on time for our clients. These may include the use of reliable payroll software, accurate record-keeping, and regular communication with our clients about payroll processing timelines.

We have trained and experienced staff who understand payroll regulations and laws and are able to ensure that their clients’ payroll is compliant with these regulations.


It is crucial to keep in mind that the employer is in charge of making sure that payroll is processed on schedule. In order to ensure that payroll is done accurately and on time, companies must make sure they give One Accounting Services Singapore accurate and timely information.

It typically takes 3 weeks upon submission, but may take an additional 3-6 weeks for rejected or additional document requests.

Yes, you can.

The minimum salary is SGD 3,600 per month, but it will be increased to SGD 3,900 in May 2024.

One Accounting Services Singapore caters to a wide range of industries, including but not limited to finance, manufacturing, retail, hospitality, technology, and professional services. Their team of experts has the knowledge and experience to understand the unique requirements and challenges of different sectors, ensuring tailored solutions that drive success.

Startups and small businesses often face financial constraints and limited resources. One Accounting Solutions offers cost-effective accounting and advisory solutions specifically designed to meet the needs of these businesses. From setting up proper accounting systems to providing guidance on financial planning and tax compliance, they support startups and small businesses in laying a strong foundation for growth.

Yes, One Accounting Solutions has extensive experience in dealing with international tax matters. They possess the knowledge and expertise to navigate the complexities of cross-border transactions, transfer pricing, and global tax planning. Whether it’s expanding your business overseas or managing international tax obligations, their team is well-equipped to provide comprehensive guidance and solutions.

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