Accounting, tax & payroll
An experienced accounting support team offering complete accounting services for companies, partnerships and sole traders — on Xero, so you always see your numbers in real time.
We run your books on Xero cloud accounting software — bank feeds, digital records and dashboards you can check any time, from anywhere. No more waiting for month-end to know where you stand.
Because your accountant and your company secretary sit in the same team, filings line up: financial statements, AGM approvals and annual returns move together — no chasing two providers.
Most small companies are exempt. A private company qualifies as a small company if it meets at least two of three tests: revenue up to S$10m, assets up to S$10m, or 50 or fewer employees. ICS prepares unaudited financial statements and will tell you if an audit applies.
The headline rate is 17%, reduced by partial and start-up tax exemptions that lower the effective rate for new companies. ICS prepares and files your corporate tax return (Form C-S/C) with IRAS.
GST registration is compulsory once taxable turnover exceeds S$1 million over a 12-month period; voluntary registration is possible below that. The current GST rate is 9%.
Xero cloud accounting, so you see your numbers in real time. We handle bookkeeping, year-end accounts, management reports and payroll on one platform.
Yes — monthly payroll, payslips, CPF contributions and IR8A/IR21 filings, coordinated with your corporate secretary and accounts.
Hand over the bookkeeping. We'll keep your records clean, your filings on time, and your numbers at your fingertips.