You might be aware that the Accounting & Corporate Regulatory Authority (ACRA) implemented a new filing requirement for Singapore incorporated companies to file your financial statements in XBRL format with effect from 1 November 2007.
XBRL stands for eXtensible Business Reporting Language. It is the director’s responsibility to ensure the accuracy and correct representation of information. It is a time-consuming task and often, you would need be to equipped with sufficient level of accounting background and knowledge on Singapore Financial Reporting Standards before you could carry out this task effectively
As the director, you can either
Before you engage us for the XBRL filing, we will carry out the assessment whether you really need for the XBRL filing as there is exemption for certain companies that meet the exemption criteria. Why not check with us on the exemption to save you cost and eliminate your worries on accounting compliance?
Are you looking to get help with any XBRL filing in Singapore that you need to go through? Then let us help. The 1Accounting team are skilled experts in the challenges of dealing with XBRL filing, making sure you can file on-time, accurately, and without any delay. We’re a fully professional services provider that can take out the stress in handling one of the most challenging parts of financial reporting.
When you are asked to put in ACRA-compliant XBRL finance reports, it’s only natural to feel worried. If you aren’t sure about how to go about doing this, you could easily make mistakes and cost yourself time, money, and health. If you are looking to avoid any mistakes or problems with your XBRL filing in Singapore, then you need only pick up the phone and give us a call today.
Our team can then arrange a date that suits you so that we can talk with you about your XBRL filing needs.
If you are running a company that has to report XBRL, such as insolvent EPCs or public/private companies outside of MAS regulations, then you will need to have a clear ideal of how to go about handling this confusing process.
We can help you to do so and make sure that your upload is going to go through freely and that there are no errors made. We can help you to see the mistakes made, and understand why they are mistakes so that you can avoid the same issue in future for your own reference.
Whether you think you are XBRL compliant or you are not sure if you need to file XBRL filing reports, contact us today. We can evaluate your business and its structure, ensuring that you aren’t having to get involved with XBRL filing when there is no need. If you do have to commit to XBRL filing, we’ll make sure it’s as simple and as easy as is possible.
Ms Lee Weiying is a professional and serious accountant. Be it about our accounts for Asia Tong International Group or personal tax issues, she has been able to provide very useful help and advice. Especially when it comes the Group finances, she has always been able to respond in the fastest time and the advice given is practical and effective.
The 1Accounting & Consulting Services team has always worked very hard and knowledgeably with us during the preparation of accounts and taxes. Due to the international nature of our business, this involved at times complex questions and knowledge of the implications for personal and U.S. tax and accounting requirements.
We particularly wish to single out their Executive Director Lee Weiying for her invaluable contributions to keep us up to speed on matters ranging from management account presentation, group consolidations (in different currencies), financial audit, income taxes, GST and accounting practices.
We are extremely happy with their services. Their knowledge in accounting & taxation is very good and they finish Filing of Returns on time with all necessary follow up. We have already recommended their services to our business partners.
They have a professional setup, thorough in depth knowledge of the accounting & taxation system and most importantly we believe that they keep our information confidential. Our experience with 1 Accounting has been great.
The support they give us not just make our singapore business grow, but also make a crucial part of our survival, because we are a wholly overseas stake-hold corporation. 1 Accounting & Consulting Service helps us to set our firm and business firmly in Singapore, and help us save a lot of trouble and cost, so we highly recommend and trust them.
I have personally experienced seeking financial advice during the weekends and also late at night, and have yet to experience any unpleasant encounter. This has enabled us to focus on our core business as a Private Education Institute.
