The number of businesses in Singapore is rising daily, and even more, businesspeople are considering making Singapore their preferred location for investments. With the ACRA (Accounting and Corporate Regulatory Authority), more than 400,000 entities have been registered. Unsurprisingly, demand for an accounting firm in Singapore is at an all-time high, given the rising number of firms and the necessity for accountants by every organization.
Any business, whether an SME or an enterprise, needs accounting. Even if you operate a startup or cannot afford to hire the best accountants, you still need them. You need not worry if that applies because you may engage in an accounting business in Singapore. An organization that provides its accountants to other companies is an accounting firm.
So, when looking for reliable accounting firms, consider these ten firms that are among the best service providers in Singapore.
A.1 Business Pte Ltd
First on this list is a1corp.com.sg, among the best firms known for their top-notch accounting services. The Income Tax Act requires businesses to maintain accurate accounting records, which include accounting schedules, general ledgers, sales, and purchase lists, trial balances, balance sheets, and profit and loss statements. They provide economical professional accounting services in Singapore and advise local and foreign business owners on how to form a corporation in Singapore.
Thanks to their accounting services, you may fully comprehend your business’s financial situation and activities. Focusing on other elements of your organization will allow you to manage better and take care of your accounting and bookkeeping concerns.
3E Accounting Pte Ltd
This is one of the leading accounting companies in Singapore, with a staff of seasoned specialists skilled in registering your business. They provide a comprehensive range of cost-effective services, including
- company incorporation,
- business license applications,
- nominee director services,
- bank account creation,
- accounting services,
- corporate secretarial services, etc.
Every client will receive outstanding service from 3E Accounting since they pledge to provide all of their customers with efficient, effective, and economical services.
Tan, Chan & Partners
One of Singapore’s top accounting companies, Tan, Chan & Partners, was established in 1982. Since then, it has had phenomenal development and employs more than thirty experts with profound knowledge in all facets of accounting. They deal with individuals and corporations to help people receive the most out of their money.
For all accounting-related issues, including fundamental accounting, tax advice, and financial counseling, among others, you may rely on them. Once you’ve hired them, they’ll put in the effort and skill required to guarantee that your demands are expertly satisfied. As long as the business is legitimate and within its scope of operation, its wide variety of knowledge makes it suitable for any enterprise.
Award-winning professional accounting companies under the umbrella of AG have offices in Malaysia and Singapore. They fulfill the needs left by smaller local firms and mid-tier accounting firms.
The fundamental principles of our professional consulting services are good client service, effectiveness, and cost-effective solutions. AG offers various corporate advising solutions and accounting services to customers in various sectors.
Singapore Incorporation Pte Ltd
This firm pledges to offer you professionally managed, legally sound, and reasonably priced corporate services in Singapore, following standards set by the sector. Singapore Incorporation appreciates both its customers and its clients’ companies. However, they have created practical and reasonably priced packages for incorporation, all forms of company registrations, and the rest of the customers’ enterprises’ accounting and financial needs.
They are a one-stop destination for providing result-oriented, dependable, efficient, and timely services to all new enterprises in Singapore, assisting them in getting off the ground and conducting legal and commercial operations there.
Baker Tilly TFW
The Singaporean division of Baker Tilly International is called Baker Tilly TFW. TeoFoongWongLCLoong, the accounting company, eventually joined the Baker Tilly International network. It is the outcome of a merger between Teo, Foong + Wong, and Sim Guan Seng & Co.
This premier mid-tier accounting firm, which employs about 250 accountants, provides corporate secretarial, assurance, transaction consulting, and tax compliance services to several Singaporean enterprises.
Foo Kon Tan
Foo Kon Tan is a locally owned accounting firm from Singapore that began business there in 1968. The organization provides various accounting services, including assurance, tax counseling & compliance, business software solutions, and quality control.
Additionally, they are a part of the HLB International network of accounting firms, which gives Foo Kon Tan access to highly regarded accounting firms that can assist their clients in meeting any requirements linked to their global operations.
The second-largest accounting company in Singapore, PwC Singapore, regularly collaborates with PwC China, Hong Kong, and Taiwan. It offers sector-specific services for private and public clients in consulting, taxation, assurance, and digital solutions for businesses of all sizes. They use technology to empower their workers to transform today’s concepts into tomorrow’s solutions.
EY (Ernst and Young)
The present Ernst and Young, established in England in 1849 with the formation of Harding and Pullein, was created in 1989 with the union of Ernst & Whinney and Arthur Young & Co. The business changed its name to EY in 2013.
The company is a part of the cohesive Asia-Pacific region. All sorts of public-private or multinational organizations can use its assurance, taxes, and transaction advising services. They bring together individuals with various backgrounds and skill sets to solve pressing issues affecting their customers, communities, and the world.
JM Management & Accounting Pte. Ltd.
JM Management is one of your best selections if you’re looking for cost-effective and excellent accounting services. It is a Singaporean accounting firm that works with small and medium-sized businesses. Their offerings are expert and adaptable. They collaborate with several sectors to offer long-term accounting solutions.
To adapt alongside their clients, they assist them in reorganizing and remodeling their company. The accountants at this business are highly skilled certified public accountants. These professionals may assist you if you require assistance with taxes, bookkeeping, auditing, or any other related services. Within your price range, they will accommodate your demands.
Accounting involves more than merely keeping records and running calculations to determine profit and loss. It displays a company’s current financial situation and aids in market analysis for the management. You can get your company ready for emerging trends with efficient bookkeeping. Additionally, every Singaporean registered company must maintain an accounting system that these companies can provide.