excel

At Excel Group, we recognise the fact that most small and medium enterprises (“SMEs”) do not have access to qualified accountants for their accounting and taxation needs due to the high costs of engaging such a person on a full-time basis.

We are aware of the acute shortage of experienced and knowledgeable bookkeeping and payroll personnel in the market.

We also understand businesses’ needs for stability and continuity in their operations. A turnover in their in-house bookkeeping and accounting staff inevitably will cause down-time that is likely to be very costly to their operations. Customers may not be billed; debts not collected; bills not paid; management accounts not updated; financial accounts and tax returns not filed with the authorities; fines incurred, cash-flow adversely affected, etc. The list goes on. This is where our clients find us useful and meeting their needs.

Our executives are qualified and well experienced in rendering bookkeeping, taxation and payroll services. This is our winning edge.

We are here to look after your needs. Our mission is to provide the best possible service solutions, carefully tailored to our individual client’s needs. We emphasize on personalised attention and this is reflected in our client relationship.

announcements

March 6, 2017

Notification to file Income Tax Return – You must file an Income Tax Return if you receive a letter, form or an SMS from IRAS informing you to do so. It does not matter how much you earned in the previous year or whether your employer is participating in the Auto-Inclusion Scheme (AIS) for Employment Income.

February 22, 2017

Some highlights of Budget 2017

– The Government will enhance the Corporate Income Tax (CIT) Rebate by raising the cap from $20,000 to $25,000 for YA2017 (in your case, FY Jan to Dec 2016). The rebate will remain at 50% of tax payable.
– The CIT rebate will be extended for another year to YA2018 (FYJan to Dec 2017), at a reduced rate of 20% of tax payable, capped at $10,000.
– Personal Income Tax Rebate of 20 % of tax payable, capped at $500, for tax residents for income earned in 2016

February 1, 2017

All employers are required by law [S68(2) of the Income Tax Act] to prepare Form IR8A and Appendix 8A, Appendix 8B or Form IR8S (where applicable) for all your employees who are employed in Singapore by 1 Mar each year.

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Services

Section 171 of the Singapore Companies Act stipulates that every company must appoint at least one secretary within six months of the date of its incorporation. The appointed secretary must be a natural person residing locally in Singapore and must not be the sole director & shareholder of the company.

Our corporate secretarial services includes:

  • Incorporation and formation of companies
  • Registration of business names
  • Acting as named company secretary as required by law
  • Provision of registered office address
  • Maintain and update the Company’s statutory records
  • File all necessary notices and forms with Accounting & Corporate Regulatory Authority (ACRA)
  • Preparing all necessary Board resolutions & Shareholders’ meeting minutes as and when necessary
  • Notification on deadlines for holding Annual General Meeting and submission of Annual Return to ACRA
  • Preparation of Annual Return & XBRL statements, if applicable
  • Striking-off of company
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All Singapore incorporated companies are required to keep proper accounting and other records to sufficiently explain the transactions and financial position of the company.

We provide a full range of accounting services tailored to our clients’ needs and at the same time complying fully with the Singapore accounting standards.

Our accounting & book-keeping services includes:

  • Data entry of your bookkeeping records into licensed accounting softwares
  • Provision of full set of accounting ledger records
  • Preparation of Trial Balance, Profit and Loss Statement and Balance Sheet
  • Reconciliation of bank statements and maintenance of cash book
  • Reconciliation and aging of Accounts Receivables and Accounts Payables
  • Group consolidation and preparation of consolidated accounts
  • Preparation of audit schedules and statements
  • Liaise with auditors and attend to audit queries
  • Preparation of management accounts
  • Preparation of accounting reports & financial statements in accordance with the Financial Reporting Standards of Singapore
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As payroll is one of the most essential functions of every organisation, we can provide a cost-efficient and cost-effective alternative for your organisation to comply with the statutory requirement relating to part-time or full-time employees’ payroll, benefits, CPF, employee taxation and related issues.

Our payroll administration includes:

  • Maintain payroll file for each employee
  • Prepare payroll report, issue pay slips and administration of annual leave
  • Compute salary and statutory deductions including CPF, CDAC, MBMF, SINDA or ECF contributions
  • Process pay increment, bonuses, overtime, leave pay, expenses or any ad hoc claims
  • Salary disbursement to employees via Bank GIRO transfer
  • Provide detailed monthly or annual payroll report for management review
  • Prepare and submit ad hoc statutory returns, such as national servicemen claims, maternity and childcare claims, and other forms, such as Form IR21
  • Online Submission to CPF Board by stipulated deadline
  • Prepare and submit year-end return of remuneration (Form IR8A, IR8S) and relevant appendices
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We believe in the importance of taxation management. Good and legitimate tax management control can reduce tax exposure. Proper tax compliance will help the company avoid hefty and unnecessary tax penalties. It will also enhance the transparency and image of the entity.

Our corporate income tax services includes:

  • Singapore corporate income tax return preparation, review and filing
  • Verifying assessments issued by IRAS
  • Attending to queries raised by IRAS
  • Tax advisory and planning

Our goods and services tax (gst) includes:

  • Assisting in GST registration/de-registration
  • Preparation and filing of GST returns in accordance with GST Act
  • Attend to queries raised by IRAS
  • Assist and applying for specific GST schemes, eg MES
  • Conduct Assisted Self-Help Kit (ASK) review

Our partnership and individual tax includes:

  • Singapore individual and partnership tax return preparation, review and filing
  • Verifying assessments issued by IRAS
  • Attending to queries raised by IRAS
  • Tax advisory and planning

Other services include:

  • Application for PIC cash payout
  • Application for Certificate of Residence
  • Application to IRAS for ruling
  • Preparation and filing other tax related forms, e.g. Group Relief, Loss Carryback, etc.
  • Withholding tax submission
  • Tax matters in respect of other entities, like, trust, club, trade associations, charity/IPCs
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About

Excel Group has been serving its clients since 1994. It is run by a group of Chartered Accountants who share a common goal of helping businesses comply fully with all accounting, tax and related statutory requirement so that our clients can focus their energy and attention fully on driving and developing their business to greater heights.

Directors / managers contacts:

Our core competencies:

  • Corporate Secretarial services
  • Bookkeeping services
  • Payroll services
  • Incorporation of company
  • Registration of businesses
  • Income Tax compliance
  • GST compliance
  • Corporate tax advisory
  • Personal tax advisory

Our commitment:

  • Providing timely and efficient services
  • Effective, responsive and accessible in all our dealings
  • Strive for quality services and keeping high standards in our endeavours
  • Maintain the highest ethical standards and integrity in all our professional engagements

Our services:

  • Setting up businesses
  • Corporate Secretarial services in accordance with ACRA and any statutory requirements
  • Entire scope of bookkeeping services providing flexibility for our clients to select the services best suited to their needs
  • Confidential & timely payroll services to clients including providing payslips, Forms IR8A, CPF submission and individual income tax submission
  • Preparation and filing of ECI and Form C, submission of tax returns, attending to withholding tax issues, GST issues and queries from IRAS
  • Value-added services such as accounts review services, tax planning and advisory
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Contact Us

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Excel Group

  • Excel Management & Consultancy Pte Ltd
  • EMC Business Partner Pte Ltd
  • Excel Business Partner Pte Ltd
  • Excelsus Business Partner Pte Ltd

20 peck seah street #05-00 singapore 079312

tel: (65) 6225 2822

fax: (65) 6227 9030

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