How does VJM Global assist Indian businesses with accounting in Singapore?
Indian businesses in Singapore typically need bookkeeping, bank reconciliation, management reporting, statutory accounts, corporate tax filing, GST monitoring, payroll compliance and ACRA-related reporting support. If the entity must prepare XBRL financial statements or hold an Annual General Meeting, accounting records must be complete and properly classified. VJM Global helps maintain accurate books and align reporting with Singapore requirements.
Can VJM Global handle Singapore bookkeeping for an Indian-owned company?
Yes. VJM Global supports Indian-owned Singapore entities with transaction recording, ledger maintenance, accounts payable and receivable, bank reconciliation, month-end close and management reporting. Work can be delivered on common accounting platforms such as Xero, QuickBooks, Zoho, NetSuite, SAP, Sage or Tally, with reports prepared around Singapore accounting and statutory expectations.
How does VJM Global help Indian businesses track Singapore tax filings?
VJM Global helps Indian businesses track Estimated Chargeable Income and corporate tax filings in Singapore, ensuring compliance with IRAS regulations. We also guide GST registration and address cross-border tax issues.
How does VJM Global assist with Singapore GST registration for Indian companies?
Singapore GST registration is generally required when taxable turnover exceeds S$1 million, subject to IRAS rules. GST in Singapore is separate from Indian GST and uses Singapore-specific registration, invoicing, filing and payment requirements. VJM Global helps assess whether registration is required, supports GST return preparation and monitors ongoing compliance once the business crosses or expects to cross the threshold.
Can VJM Global help with Singapore payroll and CPF compliance?
Yes. VJM Global provides payroll processing for Singapore employees, including onboarding records, salary calculations, deductions, payslips, CPF contributions where applicable, Skills Development Levy, IR8A employee income reporting and IR21 tax clearance for departing foreign employees. Payroll support can also be coordinated with accounting reports so salary costs, accruals and employer contributions are reflected accurately.
How often should VJM Global update Singapore accounts for Indian businesses?
VJM Global recommends that accounts be updated monthly for Indian businesses to keep bank balances, receivables, payables, payroll costs, and tax provisions current. This monthly closing helps directors monitor cash flow, prepare management reports, and avoid year-end cleanup before ACRA and IRAS deadlines.
What documents does VJM Global need to start providing accounting services?
To begin accounting services, VJM Global typically requires company registration documents, bank statements, previous financial statements, invoices, and any existing accounting records. This information helps us set up your accounting system and ensure compliance with Singapore regulations.
How is pricing structured for VJM Global's Singapore accounting services?
Accounting and bookkeeping are typically priced as a monthly retainer based on transaction volume, entity count, reporting complexity and the platforms used. Tax, audit support, payroll and advisory work may be quoted separately by scope. VJM Global emphasizes transparent pricing, so Indian businesses can plan finance-function costs without building a full in-house accounting team in Singapore.