Accounting

For many SME business owners, the task of successfully running their businesses requires their full attention to the core profit-generating responsibilities, leaving them less time to attend to the critically important accounting and book-keeping duties. Even those that purchased accounting software to make it easier soon find that they lack the skills or the time to fully utilise the high-tech software. Others consider hiring full-time, in-house accounting assistance, but they soon find that they lack the funds to hire and train such a person. CSK Corporate Consultants Pte. Ltd. recognised this problem and addressed it by offering ongoing accounting support to minimise your headaches and maximise your financial and administrative efficiency. The quality of our accounting and financial statement services stems, in part, from our highly personalised approach to every single client. We take the time to understand distinct aspects of your company and then tailor our activities to take into account those special factors. Annual Accounts Annual business accounts are, of course, still very important as they may be required by the Inland Revenue Authority and often requested by banks and other lenders. It goes without saying that we are well capable of producing annual accounts for virtually any type of business – sole trader, partnership, private limited company and so on. Value from Accounts We believe that businesses of all sizes should receive maximum value from the production of accounts. Accounts can be used to identify the profitability (or otherwise) of different product lines, keep track of costs and generally provide good indications of where a business can make changes for the better. At CSK Corporate Consultants Pte. Ltd, we will deliver the highest quality reports you need to further your success.

Company Formation

Many people are attracted to the idea of working for themselves. They may have a wealth of experience in a particular industry or service area or perhaps they possess a talent that could be turned to profitable use. Such knowledge and talent is of course essential. But on its own, it simply is not enough to guarantee success in business. Such decisions should never be taken lightly. However with the right advice at the outset the potential benefits are enormous. We can help you BUT we need to be in at the beginning. We can help in deciding how the business should be set up (e.g. sole trader, Partnership or perhaps a Private Limited company). Once you are set up it is essential to ensure that your internal accounting systems are reliable; not only to satisfy various government departments but also to ensure that you are able to monitor and measure progress against the original business plan. Only this way can problems be identified at an early stage, allowing appropriate action to be taken before it is too late. If all of this sounds a little frightening, don’t forget that we are able to help and support you through those early years – We will NOT interfere. We simply guide and advise in areas where appropriate. It is your business after all.

Company Secretarial

We understand that when you’re busy running your company it can make sense to remove as many of the routine administrative matters, freeing you up to concentrate on more pressing matters. It is important to ensure that your company complies with the various statutory obligations. We can help make sure that the followings are not overlooked:

• Filing of accounts at ACRA
• Preparation and filing of Annual Return
• Preparation of XBRL / Financial Statement Highlights
• Preparation of AGM and EGM minutes
• Maintenance of Statutory Records
• Registered Office facility
• Preparation and filing of dormant accounts

• Bonus Issue of Shares
• Change of Company name
• Change in Directorship
• Changes of Company’s Constitution (formerly known as M&AA)
• Changes of Business Activities
• Increases in Paid-Up Capital
• Share transfer

Corporate Advisory

Successful businesses are continually growing, changing, diversifying or acquiring other businesses. In order to keep your company vigorous and competitive, CSK Corporate Consultants Pte. Ltd. offers a portfolio of advisory and consulting services that help take you to the furthest reaches of your business development goals. We have a keener understanding of your business because we are a business, dealing with the same issues that are common to business owners like you. We know the problems that keep a business owner up at night and work with you to find solutions to those problems. We use our own experience and insight to help you make decisions that will move your organisation forward. No matter where you want to go with your business activities, we will accompany you, providing expert guidance and advice from our team of experienced professionals. We can help make sure that the followings are not overlooked:

• Business planning & consulting
• Transition and succession planning
• Corporate restructuring
• Analysing purchases and sales of businesses
• General business advisory services for SMEs

Corporate Tax

Whilst the success of your business will inevitably depend upon on your knowledge, skill and hard work, there is no doubt that a sound tax strategy can make a valuable contribution too. There is a wealth of legitimate tax planning opportunities which can help to reduce the tax burden helping you to retain important working capital in the business or to maximise your reward for all the effort you’ve put in. Tax rules are complicated and it is easy to fall foul of them. That’s why it is important to keep such things under constant review, revising your approach to keep ahead of changes in tax legislation. At CSK Corporate Consultants pte. Ltd, we go beyond tax preparation services in providing year-round tax analysis and planning that positions your company and you to benefit most from current tax laws and regulations. We know that good tax planning does not occur in a vacuum; we consider both your business and personal goals. Although these two factors may conflict, we combine the two to construct a tax strategy that will benefit you both this year and for many years to come. Corporate Tax services include:

• Compliance
• Estate planning
• Planning / Consulting
• Preparing of Tax Computation
• Submission of corporate tax return – Form C or Form C-S
• Tax minimisation strategy
• Productivity and Innovation Credit claims
• E-submission of Employment Income via Auto-Inclusion Scheme (AIS)
• E-submission of Commission Income

Goods and Services Tax

GST has been with us for over 20 years now and remains an interesting subject, to say the least. If you are in business, it is likely that you will be affected by GST in some way. For example, there are an increasing number of GST schemes that may or may not be beneficial to you. We can help you with this. GST returns themselves can be confusing! We can provide a regular GST service, ensuring that your returns are accurately prepared well before filing deadlines. There is an enormous amount of legislation in place to impose penalties on GST defaulters, so compliance is generally a pretty good idea in our view. Therefore, if you are in any doubt of any aspect of your GST position, we would urge you to seek proper professional help. We would naturally be delighted to provide it for you. GST services include:

• Applying for GST registration
• Applying for GST exemption
• Cancellation of GST registration
• Completion of GST Control Accounts
• Submission of Quarterly Form GST F5 Return

ASK Certification

The IRAS has introduced the Assisted Self-Help Kit (ASK), which is a review package for GST registered businesses to identify errors in their GST reporting. Businesses applying for GST schemes such as the Major Exporter Scheme, the Import GST Deferment Scheme, the Approved Contract Manufacturer and Trader Scheme are required to undertake a review using the ASK, which must be certified by an Accredited Tax Advisor (GST) or Accredited Tax Practitioner (GST) with the Singapore Institute of Accredited Tax Professionals. The IRAS is currently using the ASK as part of a compliance check on the overall GST compliance of the GST-registered business. What this means is that YOU will be the one performing the review while the IRAS collects the taxes and penalties for errors arising from the self-review. We are able to assist you in undertaking the review and provide a certification. If you are considering the appointment of ASK reviewers, please contact us.

Liquidation

Management does not plan to fail, but sometimes fails to plan. Our service ensures that our clients do their planning thoroughly and are always ready to respond to changes in the marketplace. However, when corporate or individual insolvency is the only course, our aim is to provide all parties with a strategy which protects the interests of those concerned. Our services include:

• Reviewing financial records and commercial operations to ascertain problems inherent in the business structure and its day-to-day operations. We then recommend, institute and monitor solutions to these problems.
• Business reorganisation and reconstruction.
• Advice on minimising the risk of claims against corporate and individual’s assets
• Appointment as Liquidators
• Creditors and Members Voluntary Winding-Up
• Corporate and Partnership dissolution

Personal Tax

At CSK Corporate Consultants Pte. Ltd, we have a professionally trained team able to provide a quick and efficient solution to your tax return headaches. We will ensure that the information you provide is correctly reflected in your completed tax return. We will ensure that all relevant claims to relief are made. We will calculate your tax liability. We will tell you what tax is due (if any) and when payments should be made. No matter how straightforward or complex your financial affairs may be, we can deal with it. Personal Tax services include:

• Income from Property calculations
• Submission of personal tax returns
• Benefits-in-Kind
• Foreign Income

Statutory Audit

An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements and of whether the accounting policies are appropriate to the company’s circumstances, consistently applied and adequately disclosed. Our independent Chartered Accountants plan and perform an audit so as to obtain all the information and explanations necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluate the overall adequacy of the presentation of information in the financial statements. We pride ourselves on our efficient and professional approach. Knowing the way the business operates will also help us to carry out our tasks with the minimum of disruption to you, your staff and of course your customers. If you are considering the appointment of auditors, please contact us.

*Statutory audit is performed by an independent CWS & Associates, Chartered Accountants and Public Accountants (UEN No. T00PF0872J).