Welcome to the outsourcing of accounting services page for Bill Accounting! We are a division of Zencraft Consultancy Pvt Ltd, and we specialize in providing outsourced accounting, taxation, and compliance services to clients in the USA, UK, Canada, UAE, Singapore, and Australia.
As a Singapore-based business, it is important to understand the unique features of the Singapore accounting system and the standards that must be followed. The Singapore accounting system is based on Generally Accepted Accounting Principles (GAAP), which are principles that outline acceptable methods of recording and reporting financial information. Singapore has a progressive income tax system, with tax rates ranging from 0% to 22%, depending on the amount of income earned. In addition to income tax, Singapore also has a corporate tax system, with rates ranging from 0% to 17%.
The Singapore Goods and Services Tax (GST) is a value-added tax that is applied to the sale of goods and services in Singapore. GST is currently set at a rate of 7%. There are several advantages to outsourcing your accounting, taxation, and compliance work to Bill Accounting. One of the main advantages is cost savings. By partnering with us, you can significantly reduce your overhead costs while still receiving high-quality financial reporting and analysis.
In addition to cost savings, outsourcing your accounting work to Bill Accounting can also help you benefit from our team's expertise and experience. Our professionals are highly trained and have a deep understanding of the latest accounting practices and regulations in Singapore. By entrusting your accounting needs to us, you can be confident that your financial reporting is accurate and compliant with Singaporean laws and standards. Outsourcing your accounting work to Bill Accounting can also help you save time and resources, enabling you to concentrate on other business-related topics. Our team is dedicated to delivering efficient, reliable services to help your business succeed.