FAQs

Mandatory levies, contributions, and statutory requirements should be strictly complied with. In Singapore, other than the Central Provident Fund (CPF) contributions, employers are also required to make the monthly contributions for the following:

• Skills Development Levy for training grants for when you send your employees for work-related trainings
• Ethnic funds aimed at helping the less privileged in the respective ethnic communities such as CDAC, MBMF, ECF, and SINDA
• Levies for foreign workers with Work Permits
• CPF contributions

It is every company’s obligation to be able to produce employee records and relevant employment forms whenever the need for such arises. This could be when there is a dispute regarding payments made or when inquiries arise from the IRAS or other tax regulatory bodies. In Singapore, employment forms including Form IR8A and Appendix 8A, IR21, Form IR8S or Appendix 8B have to be regularly collected and submitted to the proper authorities before the 1st of March every year.

100%. Our goal is to make the transition seamless for you. We’ll directly communicate with your current accounting service provider, assume responsibility for your financial documents, and conduct a thorough audit to ensure compliance. We’ll address any outstanding matters with HMRC, organize historical data, and meticulously prepare and file the required reports. Moreover, we provide ongoing guidance on relevant tax exemptions, enabling you to optimize your tax strategy.

If your accounts are messy, during onboarding, our team will address it by doing an initial accounting review, using Sleek’s in-house accounting software, SleekBooks, in order to help you identify any issues and to propose the best corrective measures. This process is known as a ‘Reconstruction of Accounts’ and is a necessary basis to ensure that when our clients join Sleek your business and money accounts are in a position which is in accordance with the Accounting Standards of Singapore. After that, our accountant will welcome you onboard with our hassle-free digital solutions and accounting services.

Leave us your email through the form above or phone us to speak to an accountant or sales for a free consultation on the price of our package or fee for our accounting services today.

Sleek’s accounting plans are priced according to the average monthly expenses of a company and based on a financial year period  (not calendar year). A company’s FYE can be found publicly from ACRA’s website or on the First Directors Board Resolution. They can also search their UEN or Company Name on the Open Gov website.

We monitor a client’s monthly expenses over a financial year period and will adjust the final plan price based on the actual expenses resulting in a potential credit or debit based on the initial plan taken. FAQs on our Accounting Expenses can be found here.