Run Your Business Smoothly With Support from Consultants

by 3ecpa Sg Accounting services

Wherever you are running your business you need the help of some consultants in matters that you are not very familiar with. There are so many statutory conditions which need to be adhered to if you want to run your company within the legal framework. It is not easy for any business owner to know all these. Moreover, it is ideal that the business owner concentrates on the main business which makes the company grow. The statutory matters can be handled by people who are more competent in them.

Corporate consultants in Singapore help many small and medium businesses to function without any problems as they take care of non-core jobs. These consultants have experts in many fields like accounting, finance, law, etc. This helps them to support the companies in a very good manner. By handing over the work to such consultants the companies remain compliant at very affordable rates.

Compute and Pay Your Taxes Correctly

Tax is not something everyone can handle. There are so many types of taxes and related exemptions, breaks, and rebates that only an expert can do all these things. It is better that you entrust your tax matters to consultants in the field. Some taxes experts can help you calculate your taxes and pay them on time. Singapore has a single point tax rate which is one of the lowest in the world. The Singapore corporate tax rate is 17% and is chargeable on the earnings of the preceding year. The companies are expected to submit an estimated chargeable income statement on which the IRAS will calculate your tax.

The tax services provided by the corporate consultants will help you preparing your estimated chargeable income and also help to compile your tax. These experts know what expenses can be reduced in your chargeable income before finalizing it. They will help you save as much in tax as you can within what the law permits. Tax experts also help you in preparing your tax returns and filing the same.

Working Legally In Singapore

Foreigners who want to work and live in Singapore legally must get a work permit from the ministry of manpower. There are different types of passes which are issued by the ministry for various people working in the country. For those who don't qualify for the employment pass but have the expertise to start a business and run it Singapore, the entrepreneur pass is ideal. This pass can be secured by those who have special skills and knowledge to start a business in Singapore.

They must have achieved greatness in some fields, have a great investment idea or a track record of running a business. These people can get the pass if they are willing to spend S$100,000 in the first year of business. They must also promise to hire three local people in the first twelve months of the existence of the company.

Bringing the Family to Singapore

Everyone with an employment pass can apply for a dependent pass in Singapore for their spouses and children. The dependent pass permits people to bring their spouse to live with them. They can also bring the children or family members who are not married and are below 21 years of age. These children can make use of the excellent educational or awareness facilities available in Singapore. The person who works here requires not to make frequent trips home to be with his or her family. This pass helps them have a good family life in Singapore. Therefore visit our website 3ecpa.com.sg and get best services related to taxes & employment passes