"STOP LOOKING FOR SOLUTIONS TO PROBLEMS
AND START LOOKING FOR THE RIGHT PATH"
— Andy Stanley
Established in 2008, A N A Management Services has since developed into a full-fledged Professional Firm in Singapore, serving widely diverse client base within a broad range of industries in the market including, but not limited to: advertising and events, construction, electrical and engineering services, food and beverages, freight forwarders, furniture and furnishing, IT solution providers, trading, restaurants, retail, shipping and chartering.
ANTHONY KO, Chartered Accountant Singapore
Anthony Ko, Head of Accounting and Corporate Secretarial Services, manages daily operations, ensuring the highest standards of quality and customer satisfaction through the various services provided to our clients.
Anthony, a member of Association of the Chartered Certified Accountants (ACCA) and Institute of Singapore Chartered Accountants (ISCA), is a Chartered Accountant who has demonstrated in depth knowledge of statutory compliance policies in Singapore. During his past employment with a local CPA firm, he undertook assignments covering a diverse range of audit clients, which includes MNCs in Japan, from shipping companies, to IT solutions, manufacturing, trading, construction and service companies.
DANNY CHOY, Chartered Accountant Singapore, Accredited Tax Advisor (Income Tax & GST)
Danny Choy, Principal of Taxation Services, providing tax compliance, planning, advisory, and investigation matters. He attends businesses and individuals alike by staying current on new tax law and often work closely with clients to ensure tax liability is minimized.
Formerly from Inland Revenue Authority of Singapore (IRAS) and one of the big four accounting firms in Singapore, Danny is an Accredited Tax Advisor (Income Tax & GST) with Singapore Institute of Accredited Tax Professionals (SIATP), a member of Association of the Chartered Certified Accountants (ACCA) and Institute of Singapore Chartered Accountants (ISCA), who specializes in handling complex tax advisory and investigation issues in a diverse range of industries.
- Company Incorporation
- Preparation of XBRL
- Filing of Annual Return, Annual General Meeting and others
- Maintenance of statutory records
- Registered Address with mail alert service
- Nominee Director
- Nominee Company Secretary
Every company in Singapore must appoint a qualified company secretary who is residing locally in Singapore within 6 months upon incorporation. The company secretary must have the requisite knowledge and is responsible for ensuring all regulatory compliance stipulated by Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS).
DUTIES OF THE CORPORATE SECRETARY
- Maintain Statutory Registers and Records
- Prepare Board Resolutions and Minutes of Directors’ and Shareholdings’ Meetings
- Arrange and Prepare for the Annual General Meeting (AGM)
- Prepare and File Statutory Returns
- Prepare Minutes/Resolutions and Lodge Relevant Returns with ACRA, where necessary
COMPANY INCORPORATION SERVICE PACKAGE
- Company Name search and reservation
- Preparation of incorporation documents
- Company Registration with ACRA (ALL government fees and tax inclusive)
- Shares Certificates, Statutory & Minutes Files
- First Directors’ Meeting
- Standard Memorandum & Articles of Association
- Resolution for opening of one corporate Bank Account
- Company Bizfile upon incorporation
- Company Secretary (1 Year)
Optional Add-ons for New Registrations:
FREE Company Rubber Stamp (1 Set)
Registered Address with mail alert service (1st year $120) U.P $200 per annum
Nominee Director (1st year $1,200) U.P $2,500 per annum
- Name of company
- Business activities
- Paid up share capital
- Particulars of Directors and shareholders
- Full name as in passport
- Local corresponding address
- Personal contact (including mobile, home and office number, fax and email address)
- Number of shares issued to each shareholders
(A copy of their identity cards will be required for record and verification.)
- Accounting / Bookkeeping (Preparation of Management Report with Income Statement, Balance Sheet and supporting schedules)
- Payroll Administration (Payslip Preparation, Computation and submission of CPF/IR8A for employees)
- Filing of tax to IRAS including ECI
Proper records and accounts should be kept so that the income earned and business expenses claimed can be readily determined. The accounting records supported with invoices, receipts, vouchers and other supporting documents must be kept for 5 years.
- Update transactions into the accounting system
- Preparation of Management Report
- Preparation of General ledgers
- Preparation of Trial Balance
- Preparation of Profit and Loss Accounts
- Preparation of Balance Sheet
- Preparation of bank reconciliation statement
- Preparation of schedules for audit purposes
- Preparation of Payslip,
- Computation and submission of CPF/IR8A for employees
- Filing of tax to IRAS including Estimated Chargeable Income (ECI)
- IRAS Tax Investigation and Audit
- Tax Compliance Review/ Health Check
- Tax Planning Consultation
- GST Registration & Filing
- Preparation of Corporate/Personal Income Tax Computation and Submission of Tax Filing
- Productivity and Innovation Credit (PIC) Claim
A tax advisor can minimize your tax liability while ensuring compliance with the tax regulations. Inaccurate tax filing and tax evasion intentionally or negligently is not acceptable in Singapore, where heavy penalty will be imposed if convicted.
TAX AND PENALTY ARISING FROM AUDIT AND INVESTIGATION
Prevention is always better than cure
- Review your tax returns and declarations periodically, seek professional advice when necessary.
- Engage a tax professional to conduct a tax compliance review/health check on your tax filing regularly.
What should you do when you are being investigated?
- Do not obstruct the tax investigators from performing their duties should your premises face a raid.
- Seek professional advice before the time limit to make a voluntary disclosure to IRAS.
- You are required to provide any information and documents that IRAS requests. Do ensure that the relevant facts provided are correct and complete.
- Be absolutely sure of your answers to the tax investigators, the facts that are to be disclosed should preferably be supported by documentary evidence.
- Appoint a professional adviser to represent you during the investigation.
- Cause/Corporate Event Planning, Development, and Implementation
- Cause/Corporate Marketing Management, Planning, Development, and Implementation
- Design, Advertising and Media Planning
- Website Development
- Email & Social Media Marketing
Branding is the identity that shapes someone’s perception of the company. While Marketing is what enables you to spread the word about the services and products that you have to offer.
A well-planned and executed branding and marketing strategy will help you realise your business’s goals and build a strong reputation for your products or services, keeping your company image in the mind of your potential customers, which may translate to sales increase, brand loyalty, and even attract talents to join your company.
All Singapore companies must appoint an auditor within 3 months from the date of incorporation, unless the company is exempted from audit requirements.
Audit plays a crucial role in raising the quality and reliability of companies’ financial disclosures. Thus Appointing the right auditor who can act as an effective gatekeeper is therefore fundamental to protecting the value of a company.
DUTIES AND RESPONSIBILITIES OF AN AUDITOR
- Exercise professional judgement and skepticism when assessing the risks of the company, planning appropriate procedures and gathering the right evidence.
- Obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion and to consider the risk of material misstatement in the financial statements arising from fraud or error.
- Express an opinion on the financial statements based on conclusions drawn from the audit evidence obtained during the audit.
- Report to the company on the financial statements required to be laid before the company during its AGM, as well as on the company’s accounting and other records relating to the financial statements.
In its report, the auditor will state in his or her opinion the following:
- if the financial statements are prepared in compliance with the Singapore Financial Reporting Standards and the provisions of the Companies Act
- if the financial statements give a true and fair view of the company’s state of affairs, results, changes in equity and cash flows of the company; and
- if the accounting and other records are kept in accordance with the provisions of the Companies Act.