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.
We would be able to provide professional advice to give you certainty on how your assets would be managed if you are not in the capacity to do so yourself. This asset management would establish how and when your assets would be distributed to your loved ones.
We take pride in tackling all our business situations with our vast technical knowledge and past practical experiences so that we can provide the best advice to our clients even in their most complex situations.
FAQs
Every business must maintain proper books of accounts and records. IRAS may request for proof of documents, receipts, payments, Ledger copies etc., anytime within 5 years for Audit purpose. Every business must keep records for 5 years.
• Sales / Debtors Receivable reports
• Purchases / Creditors Payable reports
• Expenses report
• Cash flow report
• Financial statements (Balance Sheets & Profit and Loss a/c)
You can initially outsource the company accounts to a 3rd party service provider.
Once the organisation is grown to a certain level, then you can appoint an in-house accountant. This is purely dependent on the decision of the business owner.
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