Prison and fines—probably the two best reasons or motivations everyone needs for taking the time to choose, and segregate carefully, a good accountant.
Where many of the turns our lives hang on difficult we make, one of those choices is the finances of our company. You don’t have to squint far to find what could happen, but that it doesn’t have to come to this.
To help you make that nuts-and-bolts choice, we offer you this guide for choosing a good accountant in Singapore who will help you unzip your merchantry goals.
First, figure out what your merchantry needs.
Before you even uncork to start looking for a bookkeeping service in Singapore, make a list of what your merchantry needs, or what you’ll be needing accounting services for. Only then will you be able to discover a qualified accountant to suit the demands of your company.
One thing to consider would be whether you want someone in-house or to outsource your accounting duties. While some company owners see outsourcing can cost less than paying your employees to a full-time accountant.
Now that you know what you need, here’s what you should squint for.
Make sure your prospective written firm will be best to do everything you made of your business’ accounting requirement. Because of your requirements, you’ll want your accountant to be best to handle those requirements.
A good accountant should be well-versed in taxation law as well as tax relief to ease your business. Do take note that it’s the merchantry owner, not the accountant or accounting firm, that pays the penalties for tax filing and payment errors.
The increasingly knowledge your accountant has, the largest the translating you can receive as regards your finances. Check whether the accountant you’re considering is a Chartered Accountant of Singapore. A Certified Public Accountant (CPA), or is accredited by the Association of Chartered Certified Accountants or ACCA.
How long has your prospective written services provider been in merchantry and who is on its vendor list?