Essential Statutory Package For The Leisure Entrepreneurs

The business environment in Singapore is inspiring every strata of population to start their own business. Hassle free rules and regulations of the Singapore government and the huge amount of profits that can be earned have made many Singapore citizens as well as expatriates open businesses. Many of the leisure entrepreneurs come with the least knowledge about the regulations of IRAS and ACRA. Some of them have a hard time managing the accounts required to be furnished in front of governing authorities annually. Understanding the needs of such leisure entrepreneurs many companies have dedicated themselves in helping these groups of businessmen. There are ideal professional corporate services, Singapore taxation services and Company Secretarial Services packages available with these companies. These packages include a large list of services.

But in the recent times it has been seen that companies are trying to convince new entrepreneurs to take up comprehensive packages that include many services which are not applicable for the leisure entrepreneurs. As a result the entrepreneurs have to pay extra. In business where every penny means profit or loss this can be a serious cause of concern! So there is need for statutory package which will only cover the most essential services. ContactOne has recently come up with one such package that is cater made for the leisure entrepreneurs. The package contains an integrated suite of services based on the size of business. You can make extra savings selecting the packages based on your needs.

Many leisure entrepreneurs try to perform essential tasks such as bookkeeping and filling of tax all by themselves. It results in waste of time and money. You are new to the arena and it is hard to grasp the laws and regulations of ACRA and IRAS. There are many documents and sheets that have to be sent to the governing bodies. Such tasks can only be done by seasoned professionals present at ContactOne. The professional corporate services offered by the company include all it takes from starting a company to bookkeeping needs. While the Singapore taxation services offered by ContactOne offers solutions to complex set of calculations in terms of the payable taxes and filling these.

The statutory package of ContactOne includes two main services required annually: bookkeeping (in the form of annual accounting, preparation of financial statements report and tax computation) and filling the calculated amounts to the IRAS and ACRA authorities. ContactOne also provides the entrepreneurs with the luxury to choose the package based on transactions volume per year and the tax treatments required. The transaction volume refers to the number of transactions any company has in a fiscal year. It includes total of sales and purchases and any other source of cash inflow or outflow. Based on the transactions you can choose professional corporate services packages for Very Small/Dormant, Small, Mid Size and Mid Large Size.

With the proper selection of Singapore taxation services available at ContactOne you can pay the taxman and yet have great savings. So let your infant business grow into a recognized business enterprise year after year with the Singapore corporate services of ContactOne.

By: CliveReynolds

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