Businesses in Singapore are growing fast, making good accounting services more crucial. We’ll look at the top 5 accounting companies in Singapore for 2024. Each company has its own strengths, services, prices, and support for customers. These firms help both new and big businesses with solutions that fit their needs.
These top accounting firms in Singapore offer great help with financial tasks like tax and bookkeeping. With their help, managing your business’s finances becomes easier. Let’s see what makes these companies leaders in their field.
Overview of Accounting Services in Singapore
The accounting services in Singapore are always changing, meeting the needs of different businesses. Whether big or small, companies can find help with their accounting and bookkeeping. These services include bookkeeping, tax help, financial checks, and help with corporate secrets.
Companies making over $1 million or having many employees often work with accounting firms in Singapore. These firms offer expert advice and help with tricky rules. This helps companies grow and make smart choices, helping them succeed in a tough market.
Services Offered
- Basic bookkeeping
- Corporate tax compliance and advisory
- Statutory and special purpose audits
- Management consulting and fraud investigations
- Sustainability reporting
- Valuation and transaction services
Firms like BoardRoom are dedicated to helping clients succeed with new solutions. For example, they work with Xero as a Platinum Partner, using tech for better operations. They’ve helped over 1,000 businesses with XBRL conversions, showing the value of custom services for different companies.
| Service Type | Service Description | Typical Fees |
|---|---|---|
| Bookkeeping | Regular transaction recording and financial statement preparation. | From SGD 35/month for startups |
| Tax Compliance | Assistance with corporate and Goods & Services Tax filings. | Varies by company size |
| Auditing | Statutory audits and special purpose reviews for compliance. | Starting at SGD 800 for one subsidiary |
| Sustainability Reporting | Enhancing investor confidence through transparent reporting. | Fees customized based on project scope |
In Singapore, companies must keep accurate accounting records by law. This rule helps with accountability and makes things run smoother. Outsourcing accounting can ease stress, let companies focus on what they do best, and boost revenue.
Counto
Counto Singapore is a top firm in the accounting services Singapore scene. They focus on startups and small businesses. They use AI technology to make financial management easier and follow Singapore’s strict rules.
Services Offered
This company offers many services to keep businesses in order and follow the rules. Here are some of their services:
- Bookkeeping and record-keeping
- Data analytics for informed decision-making
- Tax filing and submission
- Incorporation services tailored to specific needs
- Full payroll management including salary payments, CPF, OED, and AIS submissions from $180/year/employee via Counto Payroll
- Quarterly GST filing (if required)
- Annual tax filing with IRAS, supported by Counto’s AI tax software, which boasts IRAS ASR+ Tier 3 qualification, the highest possible accreditation in Singapore
Counto offers flexible plans with extra perks. These include quarterly meetings with a Chartered Accountant, support from a dedicated Customer Success Manager (CSM), and advice from senior partners.
Pricing
Counto is known for clear pricing for their services. Basic services start at SGD 300 for one-time use, and annual plans for more complex services can be up to SGD 1,288. They also offer budgeting and forecasting packages starting at SGD 1,000.
For bigger teams, they offer full payroll management for 10 employees. This ensures all payroll tasks are taken care of smoothly. Counto’s all-inclusive plans cover unlimited transactions, bookkeeping, tax prep, GST filing, and payments. This shows their deep support for businesses aiming to succeed in Singapore’s competitive market. Think about checking out quality accounting services Singapore at Counto.
Sleek
Sleek Singapore is a trusted partner for entrepreneurs and small-to-medium enterprises (SMEs) in Singapore. They offer top-notch accounting and bookkeeping services. They focus on clear pricing and custom solutions for modern businesses.
Key Services
Sleek provides a range of important services. These include:
- Tax reconciliation
- Bookkeeping
- Payroll management
- Preparation of unaudited financial statements, starting from SGD 600
- GST Registration for SGD 400
- XBRL Preparation priced at SGD 500
- Audit compliance & assistance from SGD 1,500
- Company Secretary support with an annual return filing fee of SGD 60
- Accounting & tax support at SGD 720 per financial year
- Withholding tax filing for SGD 100 per filing
Pricing Structure
The pricing at Sleek is affordable and flexible. Monthly accounting packages start at just SGD 75. This makes it easy for startups and SMEs to get the services they need without breaking the bank. They offer competitive prices for financial and compliance services.
For companies making over SGD 1 million, understanding GST registration is key. Sleek provides clear details on fees for GST Exemption applications. This helps clients make informed choices that fit their budget.
Margin Wheeler
Margin Wheeler is a top accounting consultancy in Singapore for small businesses. They focus on quality and personalized service. This makes them a great help for companies dealing with financial management.
They offer a wide range of services at competitive prices. This meets the different needs of businesses.
Featured Services
Margin Wheeler provides key services such as:
- Taxation and compliance management
- Auditing and assurance services
- Corporate secretarial services
- Preparation of management and consolidated accounts
- Advisory on financial procedures and controls
- GST accounting and filing
These services help clients meet their financial needs and grow their businesses. They offer a full approach to accounting.
Price Transparency
Margin Wheeler is known for clear pricing. This builds trust with their clients. Their services start at:
| Service Type | Starting Price |
|---|---|
| Monthly Accounting Service | S$100 per month |
| Quarterly Accounting Service | S$270 per quarter |
| Yearly Accounting Service | S$200 per year |
Extra costs apply for expenses and filing annual returns. Their clear pricing means clients can budget easily. Margin Wheeler aims to make their services affordable for small businesses.
3E Accounting
3E Accounting Singapore is a top choice for startups and SMEs in Singapore. They are known for their efficient and customer-focused services. They make sure clients get great value from services tailored just for them.
Services Provided
3E Accounting offers many services:
- Company setup for locals and foreigners
- Corporate secretarial services
- Accounting and bookkeeping
- Immigration services
- Trust services
They are known for their reliable and fast services. Companies can be set up in just an hour. Their team speaks many languages, helping them serve a wide range of clients.
Annual Pricing
3E Accounting has different pricing options for clients:
| Service Type | Price (SGD) |
|---|---|
| One-off services | Starting from 436 |
| Comprehensive support services | Up to 2,180 |
You can pay with PayNow, PayPal, or credit card. All payments must be made upfront. This makes their pricing clear and transparent. 3E Accounting has earned many awards and satisfied customers with their excellent service.
Accounting Companies in Singapore
The top accounting firms Singapore offer a wide range of services for different industries. Whether you’re a tech startup or a traditional business, you can find accounting services that fit your needs.
Big names like KPMG, PwC, EY, Deloitte, and RSM lead the industry. KPMG has about 3,160 professionals, while PwC is the biggest with around 3,700 employees. This competition pushes firms to improve and offer better services.
BDO Singapore is known for its efficiency. Nexia TS Public Accounting Corporation focuses on managing risks. Crowe Horwath First Trust and Moore Stephens build trust with clients and offer more than just financial advice.
- KPMG: Third largest accounting firm with about 3,160 employees.
- PwC: The largest firm with approximately 3,700 employees.
- EY: Second largest with roughly 3,500 professionals.
- Deloitte: Holds the fourth position with 2,900 staff members.
- RSM: Employs around 1,000 individuals, ranking fifth.
Cypress Singapore Public Accounting Corporation reaches beyond Singapore, showing the wide influence of accounting firms. Young firms like HLB Altrede are making a name for themselves, adding to the competition and opportunities for new firms.
Companies like Reanda Adept Pac and Helmi Talib & Co offer specialized services for various businesses. This diversity shows how accounting services in Singapore are adapting and evolving to meet client needs.
Timcole
Timcole Singapore is a trusted name in corporate advisory solutions for Small & Medium Enterprises (SMEs). It was started by Mr. Ng Su Kai in 2011. The company excels in services like company setup, accounting, tax, payroll, and corporate tasks. Timcole is known for quality services at competitive prices.
Core Offerings
Timcole offers a range of services for businesses. These include:
- Company incorporation
- Accounting and taxation services
- Payroll management
- Corporate services
- Business operations advisory
- IT solutions
The company helps businesses of all sizes with its expertise. It provides top-notch back-office support. With a clear, fixed fee structure, clients know what they’re paying upfront. This honesty has led to many clients staying with Timcole for years.
Price Range
Timcole provides affordable accounting and advisory services for various businesses. Prices start at SGD 188 per month and can go up to SGD 1,288 annually, depending on the services chosen. This makes Timcole a standout in Singapore’s competitive accounting market.
| Service | Description | Starting Price (SGD) |
|---|---|---|
| Company Incorporation | Establishing a new company in Singapore, including registration and legal compliance. | 188 |
| Accounting & Taxation | Comprehensive accounting services and tax compliance support. | 188 |
| Payroll Management | Streamlined payroll services ensuring timely and accurate salary processing. | 188 |
| Corporate Services | Support for administrative and legal corporate functions. | 188 |
Timcole’s structured approach helps SMEs in Singapore grow sustainably at an affordable price. This ensures they get the best support for their businesses.
Choosing the Right Accounting Firm
Finding the right accounting firm is key for businesses in Singapore, a top financial and business center in Asia. With many local and international firms to choose from, choosing an accounting firm Singapore that fits your needs is crucial. It can greatly affect your business’s financial health and follow the rules.
First, look at what your business needs. These firms offer audit, tax, and advice services. It’s important to find firms that offer custom solutions like personalized bookkeeping and financial analysis for your industry. They should know a lot about your industry, whether it’s finance, healthcare, or tech.
Think about these things when picking a firm:
- Do they specialize in your industry?
- Do they know the local tax laws?
- Is the firm big enough to offer good service but not too big to lose a personal touch?
- Are they certified by ACRA and ISCA?
- Do they use the latest tech like cloud accounting and AI?
Good communication is key to a strong partnership with an accounting firm. Firms that talk clearly and openly help avoid misunderstandings and work better together. Many businesses grow thanks to strong partnerships with the right accounting firms.
Choosing between big firms like the big four and smaller ones can change your accounting experience. Each has its own benefits. Think about what’s best for your business. By focusing on best accounting practices and finding a firm that fits your needs, you can set your business up for success.
| Considerations | Importance |
|---|---|
| Specialization | Aligns expertise with industry-specific needs. |
| Taxation Knowledge | Ensures compliance and minimizes risks. |
| Firm Size | Affects level of personalization and responsiveness. |
| Technology Utilization | Enhances efficiency and service quality. |
| Communication | Fosters a collaborative partnership. |
Conclusion
Finding the right accounting company in Singapore is crucial for your business’s financial health. The top accounting partners for 2024 offer a wide range of services for different business needs. They provide auditing, tax consulting, and business advisory services with unique strengths.
More businesses, especially small and medium-sized enterprises (SMEs), are turning to outsourcing accounting services. This choice helps them save costs and get expert support. By working with top accounting firms, businesses gain access to specialized knowledge. This ensures accurate financial reporting and reassures business owners.
Choosing a leading accounting company in Singapore means staying competitive in today’s market. When looking for a partner, think about their services, clear pricing, and reputation. The best accounting partners help with your financial needs now and support your future growth.
FAQ
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Source Links
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