AccraFile Singapore: Secretarial, Payroll, Accounting & Corporate Tax Services
"Accrafile is a leading corporate firm that specialises in providing secretarial services to medium and small businesses in Singapore at attractive prices. We offer a complete company incorporation and registration package at a fee of $688. Otherwise, SMEs can engage our individual services, which include secretarial, corporate tax, nominee director, payroll, and accounting services. We also help with annual return filing and striking off applications. By outsourcing such processing functions required for company formation to our team and accountants, you can focus on core management duties and revenue-generating activities. If you’re looking for a one-stop provider of online corporate secretarial business solutions, reach out to us today."
Extra Info
Title: Accounting Services for Small Businesses & SMEs in Singapore
URL Source: https://acrafile.com/
Published Time: 2014-11-11T11:09:47+00:00
Markdown Content:
111 North Bridge Road, #08-11 Peninsula Plaza, Singapore 179098
+65 6837 2871
Mon - Fri: 8.30 - 6.30
Stop Hiring, Start Growing: Outsourced Accounting for Singapore SMEs.
Are you a small business owner in Singapore struggling to find full-time employees for accounting tasks?
In today’s Singapore tight labour market, it’s a real challenge.
Imagine freeing up your time and resources by outsourcing your daily accounting tasks to experts.
Accrafile, a Gold Partner of Xero online accounting software, has the perfect solution to produce your monthly financial statements.
This is how it works:
- Automated Invoicing & Payments:We integrate QR codes into your sales invoices for faster customer payments.
We also automate supplier payments and payroll directly into your bank accounts.
Real-Time Financial Insights:We provide clear, monthly financial statements – Profit & Loss statements and Balance Sheet,
for your review and approval, giving you a clear picture of your business’s health.
Reduced Administrative Burden:No more hiring headaches or managing employees for routine tasks.
Let us take care of your daily accounting, so you can focus on growing your business.
Ready to simplify your accounting and reclaim your time?
Comparing the costs of hiring a full-time employee versus outsourcing accounting in Singapore.
Running a small business in Singapore? Let’s break down the real costs of hiring a full-time employee versus outsourcing.
First, let’s look at hiring a fresh graduate Singaporean employee. The current market salary ranges from $2,500 to $3,500 per month.
But that’s just the beginning. Under Singapore law, you’ll also need to factor in:
- CPF Contributions: 17% of the employee’s salary. That’s an additional $425 to $595 per month.
- Skills Development Fund (SD): 2.5% of the salary. That’s $62.50 to $87.50 per month.
- Medical Benefits: This can vary, but let’s estimate $100 to $200 per month.
- Annual Bonus: Typically, one month’s salary, adding $208 to $291 per month, averaged out.
- Office Space and Equipment: A desk, computer, and utilities, easily another $200 to $300 per month.
Adding it all up, the total monthly cost of a full-time employee can range from $3,495 to $4,573. That’s a significant investment.
Now, let’s compare that to outsourcing your accounting. Professional accounting services in Singapore typically range from $1,500 to $2,500 per month.
Outsourced Accounting: $1,500 – $2,500/month
With outsourcing, you get:
- Expertise: Experienced accountants handling your financials.
- Compliance: Ensuring you meet all ACRA and IRAS requirements.
- Technology: Using the latest software for accuracy and efficiency.
- Flexibility: Scalable services to match your business needs.
- No Hidden Costs: No CPF, SDF, medical, or office space expenses.
As you can see, outsourcing can save you a substantial amount of money while providing expert accounting services.
Our Peace of Mind, 4X guarantee
We understand that when it comes to your statutory filings, deadlines are non-negotiable. Late submissions mean penalties, stress, and potential damage to your business reputation. That’s why we’re offering something truly unique: our 4X Guarantee.
Here’s how it works.
We are so confident in our ability to deliver your ACRA and IRAS annual returns on time, that we’re willing to put our money where our mouth is.
If we fail to complete your annual returns by the deadline, and you incur a late penalty fine from the Authorities, we will pay you FOUR TIMES the monthly fee you paid for our services.
For example: “Monthly Fee: $2,000. Penalty: $8,000 paid to client.
Our Services
Secretarial Services
Our Corporate Secretary services are managed by a team of qualified company secretaries with more than 50 years of practical experiences, helping companies comply with Singapore corporate governance.
Company Incorporation Services
Ensuring compliance with Singapore’s corporate regulations is vital for any business operating within the city-state. Engage us for your business incorporation today!
Nominee Director Services
With more than 25 years of operational skills, corporate governance and business experience, our in-house director and team can provide you with advisory to help your business operate effectively in Singapore.
Payroll Services
AccraFile Payroll Services is responsive, professional and affordable for all Singapore companies. Our excellent trusted client relationship is the reason why we are in this business for 25 years.
Our operating hours if from Monday to Friday from 8.30am to 6.30pm.
All enquiries sent via email will be replied within the next 24 hours.