Rikvin Offers Singapore Corporate Annual Tax Return Service 

by William Vimmings Sunday, December 19, 2010
Businessmen, as they endeavor a business are bound with corporate and legal obligations. Registered companies, for example, must submit an Annual Report to ACRA, the national regulating body of business enterprises and profession of public accountants in Singapore and to IRAS, the tax authorities of the city-state.

Established to provide corporate solutions to investors, Rikvin has a team of competent accountants to help companies meet the accounting and tax requirements.

Among others, Rikvin’s account managers lend a hand in preparing documents such as corporate tax computation, tax forms for corporate submission, Director’s Report, and Form C for submission.

“Many of our clients approach us for assistance in filing of audited and un-audited accounts and tax planning,” says a representative of Rikvin, adding that under certain qualifiers, the statements may be filed using PDF or XBRL formats.

The annual return that must be compiled with ACRA and IRAS comprises of crucial information relating to the company and its financial account reports and which shall be forwarded within a month before the Annual General Meeting is held.

Accompanying the annual report and which is also presented during the Annual General Meeting is the Director’s Report, a comprehensive and detailed document containing the unaudited financial statements like the balance sheet and income statements.

“It must also consist of supporting notes and disclosure of significant accounting policies applied by the company, as well as disclosure of the company’s operations and interests of shareholders and directors,” Rikvin cites on what to expect in drafting the report.

To understand Form C, Rikvin describes it as a “declaration form of income to be filled up by a company, by the resident director or principal officer in particular.” Whether a business organization is making profits or losses, it must file the Form C to report their income. Nevertheless, for newly incorporated enterprises, they may not need to file the form in the first year from the date of its incorporation.

About the Publisher:

Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration and business firm and providing professional services relating to finances and administrative. Rikvin specializes in processing working visas and providing services such as nominee director, nominee shareholder, nominee agents, accounting, payroll, and secretarial.

Since 1995, Rikvin serves hundreds of companies managing and rendering Singapore accounting service using sophisticated payroll software system to handle even the most complicated payroll account. In its payroll services, Rikvin assures its clients of confidence in dealing with every transaction. Its accountants maintain competence. Above all, Rikvin’s principles adhere to the laws and share the same vision such as the inevitability of innovation. Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

0    submitted by William Vimmings
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