Enterprise Capabilities

Comprehensive Corporate Services for Singapore SMEs

From incorporation and statutory corporate secretarial maintenance to monthly Xero cloud bookkeeping, IRAS corporate tax computations, and MOM payroll administration.

Speak with a Specialist View Fixed-Fee Pricing

Service Vertical 01

Bookkeeping & Management Accounts

Under Section 199 of the Singapore Companies Act, every incorporated business is legally required to keep proper financial records that sufficiently explain the transactions and financial standing of the company. DNA Accounting provides full-cycle, accrual-based bookkeeping compliant with the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities).

Core Deliverables Included:

Periodic Management Accounts: Monthly, quarterly, or annual Profit & Loss statements, Balance Sheets, and General Ledgers.

Bank Statement Reconciliations: Systematic verification of all external bank inflows/outflows against general ledger postings.

Fixed Assets Register: Tracking asset acquisitions, serial descriptions, historical purchase costs, and calculated depreciation schedules.

AR & AP Aging Schedules: Detailed aged trade debtor and vendor creditor tracking for working capital governance.

Compilation of Unaudited Financial Statements: Comprehensive year-end compilation report prepared specifically for ACRA annual lodgement.

Singapore Audit Exemption Criteria:

A small private company is exempt from statutory audit if it meets at least 2 of 3 criteria for the past 2 consecutive financial years: (1) Total annual revenue ≤ S$10 million, (2) Total assets ≤ S$10 million, (3) Total employees ≤ 50. Qualifying companies only require compilation of unaudited financial statements.

Professional bookkeeping and management accounts analysis at DNA Accounting

Service Vertical 02

Corporate Secretarial & Governance

Under Section 171 of the Singapore Companies Act, every company must appoint a qualified, locally resident Company Secretary within 6 months of incorporation. Furthermore, the sole director of a company cannot simultaneously serve as the corporate secretary.

Our Secretarial Scope of Governance:

Named Company Secretary: Named statutory appointment fulfilling ACRA legal compliance for just S$550/year.

Register of Registrable Controllers (RORC): Setting up and lodging the central beneficial ownership register with ACRA (one-off S$80).

Annual General Meeting (AGM) Documentation: Drafting AGM notices, formal minutes, or Section 175A AGM dispensation resolutions.

ACRA Annual Return (AR) Lodgement: Filing statutory returns in BizFile+ within 7 months post-FYE to prevent late penalties.

Corporate Action Resolutions: Drafting board resolutions for directorship changes, address amendments, bank mandates, and share transfers.

Singapore corporate secretarial documents and statutory governance records

Service Vertical 03

Corporate Taxation & GST Filing

Singapore taxes corporate income on a territorial basis at a competitive flat headline rate of 17% under a single-tier system (dividends distributed to shareholders are tax-free). However, failure to comply with IRAS deadlines triggers severe sanctions, summonses, and penalties up to S$10,000.

Two-Step Annual Tax Filing Workflow:

Step 1: Estimated Chargeable Income (ECI): Filed via myTax Portal within 3 months of your financial year-end. Qualifying small companies with revenue ≤ S$5M and zero ECI enjoy administrative concessions.

Step 2: Annual Corporate Tax Return (Form C-S / Form C): Due by 15 December of each Year of Assessment. Includes tax computation, capital allowance claims, and non-deductible expense adjustments.

Quarterly GST Return (Form 5): Mandatory for companies with annual taxable turnover > S$1 million. Input/output tax reconciliation and lodgement within 1 month of quarter close.

Start-Up Tax Exemption (SUTE) Scheme:

Qualifying new private companies enjoy 75% tax exemption on the first S$100,000 of chargeable income and 50% exemption on the next S$100,000 for their first 3 consecutive Years of Assessment (maximum tax-exempt profit of S$125,000). Our accredited tax practitioners optimize your filings to maximize these incentives.

Corporate tax filing and IRAS compliance consultation in Singapore

Service Vertical 04

Outsourced Payroll & MOM Compliance

Navigating human resources compliance in Singapore requires strict adherence to Ministry of Manpower (MOM) Employment Act mandates and Central Provident Fund (CPF) regulations. Failure to provide itemised payslips carries financial penalties up to S$1,000 per employee.

Comprehensive Payroll Deliverables:

Monthly Payroll Calculations: Gross salary, overtime pay, unpaid leave deductions, and net disbursements.

CPF & SDL Submissions: Accurate employer (up to 17%) and employee (up to 20%) CPF computations under the 2026 S$8,000 monthly wage ceiling, plus Skills Development Levy (SDL: 0.25%, min S$2, max S$11.25).

MOM Itemised Payslips: Compliant digital itemised payslips issued within 3 working days of payment.

Auto-Inclusion Scheme (AIS) IR8A: Annual electronic employee remuneration filing with IRAS by 1 March.

Tax Clearance (Form IR21): Mandatory tax clearance for departing non-citizen employees.

CPF contributions and MOM payroll compliance checklist for Singapore SMEs

Lifecycle Services

Singapore Company Formation & Dissolution

Guiding founders from initial business registration to orderly corporate restructuring or administrative striking off.

Company Incorporation Package

S$600 (Includes S$315 ACRA Fee)

End-to-end setup of a Singapore Private Limited Company (Pte. Ltd.) via ACRA BizFile+ with all statutory registers established.

Company name application & ACRA registration fees included (S$315 value)

Model Company Constitution & First Board Minutes

Free corporate bank account opening advisory & Corppass setup

Incorporate in Singapore

Company Striking Off (Section 344)

Fast-Track Dissolution

A cost-effective administrative dissolution route for dormant or solvent private companies that have ceased trading operations.

Obtaining written tax clearance certificates from IRAS

Verification of zero assets, liabilities, and closed bank accounts

Lodging formal striking-off applications with ACRA BizFile+

Inquire on Striking Off