Your Trusted Accountancy Service Provider in Singapore

Services

How Can Our Accounting Firm Help You?

BG Consultancy is focused on extending a helping hand to entrepreneurs and companies seeking a presence in Singapore. We provide a wide range of services ranging from Accounting, Business Incorporation to Corporate Secretarial Services. We specialise in providing well-tailored, cost effective, creative solutions adapted to meeting your specific business model. Thus, you can be assured of exceptional results and solutions that you and your business can rely on.

Business Incorporation

Business Advisory and Consultancy Services
Incorporation of Companies
Joint Venture Arrangements
Knowledge Sharing
License Application Services
Nominee Directorship
Offshore Company Registration
Patent, Productivity
Trademark Registration and Training for business owners

Secretarial Services

Company Secretarial Services
Due Diligence and Dispute Resolution
General Insurance
Human Resource Consultancy
Restructuring of Companies
XBRL Filing

Accounting Services

Accounting, Advisory
Estate Planning Advisory
Free Trade Agreement (FTA) Advisory
GST Services, Quarterly GST Reporting
Income Tax, Withholding Taxes
Mortgage Planning
Un-audited Reports Compilation
Valuation of Companies, Value Consulting
Yearly Reporting

Accounting, Advisory

Good accounting practices is vital to ensure that the company is performing at its optimal standards, while helping to improve the productiveness of your business and employees. With our accounting services, the business documents are well developed and organised. We would also be able to provide you with detailed reports and analysis to accurately advise you on your monthly profit and loss accounts, cash flow, and balance sheets. You can also rely on us for professional advice on taxation matters, Government Service Tax(GST) and Free Trade Agreements (FTA).

Company Secretarial Services

In Singapore, under section 171 of the Companies Act, every company must appoint a company secretary within 6 months of incorporation, additionally, conformation and compliance to the legal requirements in Singapore may be a complex and mundane task. We would be be able to provide a Company Secretary to Maintain and update Statutory Registers and Records, prepare Annual General Meetings documents and File statutory returns and other necessary documents for submission to Accounting and Corporate Regulatory Authority (ACRA).

Business Advisory and Consultancy Services

BG Consultancy will help you establish your company in the most cost effective and efficient manner, taking care to provide advice on the administration and paperwork you need to perform, and the ability to obtain loans and borrowings.

Estate Planning Advisory

Estate planning is essential and plays an important role in allowing tax benefits for beneficiaries. It means to protect the assets that you and your company has worked hard to achieve, and it ensures a safe and smooth transfer of assets to your loved ones. This is also recommended to minimise the amount of taxes being paid for the probate court’s involvement.

Due Diligence and Dispute Resolution

Challenges arises and are commonly present within a workplace environment and business dealings. The role of dispute resolution is to resolve a dispute or a conflict by meeting at least some of each side’s needs and addressing their interests.

We would be able to facilitate disputes through a series of methods such as negotiation, mediation, arbitration, collaborative law, and litigation. With the aim in mind to foster positive rapport, considering interests and values separately, appealing to overarching values, and indirect confrontation between the parties

Free Trade Agreement (FTA) Advisory

Free Trade Agreements can be advantageous to businesses as it help remove taxation barriers, tariffs or hindrances to create a freer flow of goods, services, investment and resources. An established Free Trade Agreement would present great potential and business opportunities as it makes it easier for businesses to trade and invest.

We would be able to analyse the opportunities presented by these Free Trade Agreements and accurately provide advice to capitalise on the best possible paths of actions to take.

General Insurance

General insurance is typically defined as any insurance that is not determined to be life insurance. These are usually insurance policies that mitigate losses to automobiles, property or company assets, due to and accident or unforeseen consequences.

We would be able to advice and provide relevant solutions to protecting your business and company assets.

GST Services, Quarterly GST Reporting

If a company in Singapore is generating a taxable turnover of $1 million for the past 12 months, it is required to be registered with IRAS to be GST taxable. We would be able to assist you in the application, submission of GST reports and responding to IRAS regarding issues and queries. We would also be able to provide advice on GST implications involving business start-up, restructuring, new business arrangements and cross border transactions.

Human Resource Consultancy

Human Resource is a vital asset to any company organisation and it has a direct impact on the company’s overall performance, thus, it is important for it to be managed well.

Having past experiences, we would be able to provide assessments or audits and make recommendations or proposals, coordinate the creation and implementation of an action or corrective plan to improve the business operations and productivity.

Income Tax & Withholding Taxes

Tax laws in Singapore can change every few years, and usually a tax advisor is required to fully take advantage on tax reliefs and ways to minimise taxation. This allows certain tax amounts to be possibly reinvested back into the company for future growth. We would also be able to advise on issues such as withholding taxes and tax liabilities.

Joint Venture Arrangements

Joint ventures are generally collaborative efforts between parties to come together to work on a particular project. These projects normally involve high investments in terms of money, time and effort, backed by comprehensive strategic plans to execute. We are able to provide advice on joint venture incorporation and how to maximise the effectiveness of these strategic plans.

License Application Services

The secondary role of Accounting and Corporate Regulatory Authority (ACRA) apart from registering companies, is that it ensures companies comply with the regulatory requirements. Some business activities may require additional licences and approvals from the relevant Government authorities, prior to starting their operations.

Based on your scope of operations and business activities, we would be able to accurately advice and facilitate you to apply for the necessary licences and approvals with the relevant Government authorities and agencies.

Nominee Directorship

A nominee director is given the role of a non executive director on the firm’s board of directors, in place of another person, investor or financial institution. he is required to conduct Annual General Meetings and to file Annual Return to Accounting Compliance Regulatory Authority of Singapore, (ACRA) and submit its corporate taxation returns to Inland Revenue Authority of Singapore (IRAS).

You may wish to engage our services to appoint a Nominee Director or regarding general advice on corporate structure and ownership, especially if your business is 100% owned by foreign owners.

Mortgage Planning

Understanding the tax implications of various mortgage strategies may be advantageous for both you and the business in managing real estate assets. We are able to accurately analyse your existing loans and provide you with strategies and actions plans to capitalise on your mortgages to generate more financial gains.

Offshore Company Registration

Incorporating an offshore company has the advantages such as tax benefits, simpler reporting requirements, ease of company set up and ongoing administration. By incorporating a Singapore offshore company, it is a tax efficient corporate entity that is simple and easy to operate in a politically and economically stable environment.

Productivity

Many companies overlook the importance of revising and analysing the company processes and the way that things are carried out. These analysis would provide valuable insights to find ways to improve on productivity and effectiveness of the company’s assets and employees. We would also be able to advise you on new creative implementations that are crafted specifically for your business.

Patents

Protecting the intellectual property rights is mainly to prevent others from exploiting your invention, you can employ it to raise funds for your business, license it to third parties for commercial returns or sell the patented invention. Since these are activities that generate money for your business, you would wish to protect it as closely as possible. We would be able to bring you through the proper steps and procedures to getting your patents or trademarks registered.

Restructuring of Companies

Companies that are undergoing restructuring is facing tough times and challenges, where major important decisions would have to be made in order to make it more profitable. The decision-makers would be relying on a critical analysis of the business to make informed decisions. We would be able to analyse deeper into the company’s operations, profitability and revenue streams to provide solutions and strategies for the situation.

Trademark Registration and Training for Business Owners

A Trademark is usually a combination of a letter, word, name, signature, numeral, device, brand, heading, label, shape, color, aspect of packaging. This is used to differentiate and brand themselves differently from competitors. Having helped many companies from diverse industries, We would be able to assist you from throughout the entire process of submitting a Trademark Registration Application.

Un-audited Reports Compilation

In the Singapore Companies Act Chapter 50, it is a requirement for all companies to present audited reports, unless your company falls under the category of private companies that meet several criteria, which are then granted exemption. Reporting on the financial performance is a necessity, regardless of the size of the company and these reports should be presented at annual general meetings to allow mangers to plan and make informed decisions.

XBRL Filing

The Accounting and Corporate Regulatory Authority(ACRA) has revised the financial report filing requirements, which all companies will need to file their financial statements in XBRL with effect from 3 March 2014.

To be accurate in XBRL filling, it may be a time consuming and complex task. If outsourced, directors and managers would have more time to focus on the core activities that drive the business. You can be assured that BG Consultancy will exercise due diligence in delivering timely and compliant XBRL reports, ensuring correctness and completeness of information.

Valuation of Companies, Value Consulting

Companies usually face two challenges when undertaking strategic initiatives: to increase value and to mitigate risks. In order to find solutions to these challenges, a deeper understanding of the value, risks and opportunities is required. We would be able to provide advice and decision analysis tools needed to improve strategic decision making.

Yearly Reporting

Annual reports are intended to give shareholders and other interested people information about the company’s activities and financial performance. From these annual reports, key decision makers are able to focus in on areas of improvement for the company’s operations and also formulate strategic directions building on the company’s success.