From Accounting to
Tax Filing: We Ensure a
Stress-Free Financial
Experience

We understand the complexities of managing your finances. Let our experts guide you through the process, ensuring that your financial journey is seamless and stress-free. From comprehensive accounting services to filing tax obligations, we’ve got you covered. Experience the ease of sorting your finances all-in-one with ThinkSME.

Start the
business of
your dreams

Financial Clarity Beyond Compare

Expert Support
on Demand

Receive prompt responses within
one working day from your
dedicated accounting team,
ensuring seamless collaboration
and support as needed.

Compliance Assurance
and Deadline Freedom

Let us deal with tax payments
and regulatory compliance, and
be free from deadlines and
intricate IRAS processes so you
can do what you do best.

Tailored Financial Strategy Sessions

Revamp your financial strategy
with personalised guidance,
extending beyond conventional
solutions to provide insights and
strategies for optimising your
financial standing.

Streamlined
Financial Control

Immerse yourself in hands-on
financial management through
streamlined processes for
invoicing, expense monitoring,
and personalised cash flow
insights for your specific needs.

​Comprehensive and Limitless Bookkeeping

Benefit from an all-inclusive
bookkeeping package, efficiently
managing financial records, taxes,
transaction matching, and billing.
No matter how much you have,
we get it done.

Simplifying Financial Reporting

Navigating the intricate landscape of accounting standards is crucial for businesses in Singapore, where the Companies Act mandates strict adherence to comprehensive financial reporting. Under these regulations, companies must maintain meticulous accounting records with critical insights into their financial position and transactions.

​Complying with Singapore’s intricate accounting standards is a complex and time-consuming task for businesses, requiring meticulous attention to detail and a deep understanding of evolving regulations. Managing this process can be overwhelming, especially for small entities seeking efficiency and cost-effectiveness.

In Partnership With

Our Range of Services

Strategic Solutions For
Your Financial Future

Bookkeeping and Accounting

Accurate and up-to-date financial records are the backbone of any successful business. Our dedicated team of experienced accountants ensures that your books are meticulously maintained, providing you with a clear and real-time view of your financial health. From transaction recording to financial statement preparation, we handle it all, tailored to meet the unique needs of your business.

Navigating the complex landscape of taxation requires strategic planning and compliance expertise. ThinkSME works proactively to optimise your tax position, ensuring that you take advantage of all available deductions and credits. Our team stays abreast of the latest tax laws and regulations, ensuring your business remains compliant while minimising tax liabilities.

Tax Planning and Compliance

Payroll Services

Managing payroll can be a time-consuming task with numerous compliance considerations. Let ThinkSME streamline your payroll processes, from accurate salary calculations to tax withholdings and compliance reporting. This allows you to focus on your core business functions while we handle the intricacies of payroll administration.

Our experts go beyond traditional accounting services to provide valuable financial insights. Through accounting & and bookkeeping, we assist clients in analysing their key financial data and advise on how to improve their business. Whether you are planning for expansion, seeking financing, or looking to enhance operational efficiency, our financial consulting services are designed to guide you towards informed decision-making and sustainable growth.

Financial
Planning
Advise

Simplifying Compliance, Enhancing Growth, and Securing Financial Excellence

Timely Filings & Returns

Rely on us to accurately calculate and file your
tax returns promptly, preventing any penalties or
late fees from affecting your financial standing.

Continuous Updates

Our professionals stay consistently informed
about regional and local tax regulation changes,
ensuring that your financial strategy aligns with
the latest tax requirements.

Strategic Tax Advisory

Benefit from our strategic tax advice, covering
areas such as optimising your tax spending,
minimising the risk of double taxation, exploring
tax incentive systems, planning for the year
ahead and more.

FAQ

FAQ

Accounting & Taxation

Singapore adheres to its own set of standards called Singapore Financial Reporting Standards (SFRS), akin to International Financial Reporting Standards (IFRS). SFRS follows accrual-based accounting, recognizing transactions when they occur. Outsourced accounting services in Singapore must comply with SFRS requirements.

Registration for GST is mandatory for businesses when their taxable turnover surpasses $1 million per year. Businesses with taxable turnover below $1 million may voluntarily register for GST.

Outsourcing to a professional accounting firm offers benefits such as cost savings (as much as 40% compared to hiring a full-time employee), relief from concerns about CPF, AWS, bonuses, and medical insurance, and eliminates the hassle of hiring and replacing accounting staff. Additionally, outsourcing avoids the expenses of purchasing and maintaining accounting software.

A Singapore registered company is required to keep accounting records and relevant documents explaining business transactions and financial position for a minimum of five years after the completion of the transactions or operations they pertain to.

Every foreign company must have a minimum of 2 local agents representing it in Singapore. These agents must be Singapore Citizens, Singapore Permanent Residents, or hold an Employment Pass. If you need assistance with resident agents in Singapore, reach out to ThinkSME.

Yes, it is possible to use a single firm for corporate secretarial and accounting needs. However, due to auditor independence rules, auditing work needs to be carried out by other auditing firms. ThinkSME can offer recommendations for suitable auditing firms.

According to the Companies Act, all incorporated companies in Singapore must file annual returns with the Accounting and Corporate Regulatory Authority (ACRA). The filing process has been enhanced for convenience since December 2019. Visit BizFile+, navigate to “eServices,” choose “Local Company,” and under “Annual Filing,” select “Annual Return by Local Company.” Pay S$60 and submit the Annual Return within 30 days after the Annual General Meeting. In subsequent years, the process is simplified with pre-filled forms.

Finances Simplified, Taxes Optimised.

​Contact us today to discuss how our Accounting Services and Taxation expertise can benefit your business. Whether you’re a startup, established SME, or growing enterprise, ThinkSME is here to support your financial success journey. Your success is our business!

1. Expert Accountants

​Our team consists of professionals with diverse backgrounds in
accounting and taxation. We bring a wealth of knowledge to the
table to address your specific business needs.

2. Client-Centric Approach

At ThinkSME, we believe in building lasting relationships. We take the
time to understand your business thoroughly, enabling us to offer
tailored solutions that align with your goals.

3. Technology Integration

​Embracing cutting-edge accounting technologies, we ensure
efficiency, accuracy, and transparency in all our processes. This
enables us to deliver timely and reliable financial information.

4. Compliance Assurance

Staying compliant with ever-changing regulations is a top priority.
ThinkSME keeps your business up-to-date with the latest legal
requirements, mitigating risks and ensuring peace of mind.

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supported business loan is right for you?

We are here to
help you succeed
Our team of experienced consultants is on hand to discuss your goals for growth, and how we can help you achieve them.

Email us

hello@thinksme.sg

Call us

(+65) 6012 9642

Visit us

Singapore – Headquarter
28 Genting Lane, 
Platinum 28, #04-08
Singapore 349585

Malaysia 

Suite 25.03A, Level 25, City Square Office Tower,

80000 Johor Bahru, Malaysia

Philippines

9/F Fillinvest One Building Northgate Cyberzone,

Muntinlupa City 1781, Philippines

India

559/A Aman Nagar, Mirjapur Road, Hirsar 125001, Haryana, India

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