Igniting Excellence
Empowering Growth
Achieving Success

Our Services

CorpWerk offers a comprehensive, integrated selection of accounting services that are designed to facilitate your success.

1. Audit and Assurance

Auditing is the meticulous process of examining an entity’s financial data, status, and records with precision and adherence to Singapore’s laws, rules, and accounting standards.

In Singapore, registered companies are mandated to undergo auditing when they meet the following criteria:

•Achieving an annual revenue exceeding SGD $10 million (at the financial year-end).
•Accumulating total assets valued at more than SGD $10 million (at the financial year-end).
• Employing more than 50 full-time employees.

Engaging professional accounting firms for rigorous external audits is a common practice among companies. This approach offers business owners an unbiased analysis conducted by auditors and helps in detecting potential financial frauds.

Moreover, businesses are encouraged to conduct both internal audits. These audits play a crucial role in improving internal processes, such as operations, internal control, and risk management, ensuring compliance with Singapore’s rules and regulations.

At CorpWerk, we specialize in delivering top-tier auditing and assurance services, underpinned by a dedicated team of highly knowledgeable and unwaveringly committed associates. Our team is prepared to tailor our expertise to your specific needs, ensuring precision and excellence in meeting your financial and compliance requirements.

Our services include but are not limited to:
• Internal Audit (SOX and non-SOX)
• Statutory Audit
• Financial Statements Audit
• Gross Turnover Audits
• Complilation of Unaudit Financial Statement
• Grant & Lucky Draw Audit
• Certification Audit
• Special Audit Services (i.e. cash count)
• Non-Profit Organisation Audit
• Other agreed upon procedures

2. Business Advisory

At CorpWerk, we proudly stand as one of Singapore’s foremost providers of Business Advisory services, committed to catalyzing your business’s success. We offer not just strategic direction and advice but also a diverse range of multidisciplinary solutions meticulously designed to elevate your business efficiencies. Our dedicated mission is to empower your company to not only discover growth opportunities but also to foster development and enhance your business value, setting you on a path to sustained success and prosperity

Our services include but are not limited to:
• Business Budgeting
• Risk Management
• Monitoring and Improve Operation Performance
• Business Licensing
• Business Valuation
• Secondment of consultant, officer, FM, FC, etc.
• Grants applications
• GST/BCA fillings
• Attestations

3. Company Incorporation

Registering a business in Singapore today may be convenient through online applications, but many individuals can still find themselves lost amidst the formalities, processes, and business jargon. They struggle to decide on the most suitable business structure for their needs—whether it’s a sole proprietorship, partnership, or private limited company. Additionally, numerous requirements must be fulfilled before an entrepreneur can successfully register a company.

At CorpWerk, our dedicated mission is to provide invaluable support to startups like yours. We’re here to help you not only understand the essential processes but also offer candid advice on what best suits your business. Whether you’re an individual entrepreneur or a corporate entity, we excel at establishing critical milestones that will serve as your guide, steering you toward the path to success. With our team of seasoned experts, we offer a wide range of assistance, from providing insightful guidance to working closely alongside you, all aimed at helping you realize and achieve your business objectives

Our services include:
For Singaporeans and PRs
• Company Name Search / Reservation
• Company Name Registration
• Disbursement to ACRA/ Government Fees
• Document Preparation (ACRA)
• Appointment of Named Secretary
• Business Profile
• Memorandum and Articles Association
• E-Certificate of Incorporation

For Foreigner (with additional service @ a special rates)
• 12 Months Company Secretarial Service
• 1st Board Meeting
• Bank Account Opening
• Advisory on Compliance Requirements
• Auto Email Filling Reminder
• Incorporation Advices
• Minute for Annual General Meeting
• Maintenance of Register of Registrable Controllers & Nominee Types of Company Structures in Singapore:
• Sole Proprietorship
• Partnership
• Company
• Limited Liability Partnership
• Limited Partnership

The most prevalent business structure chosen by business entities is the private limited company.

For further information, please do not hesitate to contact us.

4. Corporate Secretarial

The Singapore Companies Act mandates that all companies registered in Singapore appoint a Company Secretary to manage Statutory Compliance Matters within six months of incorporation.

CorpWerk is well-equipped to serve as your designated Corporate Secretary, ensuring full compliance with the requirements set forth by the Accounting and Corporate Regulatory Authority (ACRA). You can rest assured that your business is in capable hands, as our experienced and professional team is committed to handling your administrative responsibilities with diligence.

To learn more about how we can assist your business, please don’t hesitate to reach out to us via email at info@CorpWerk.com or by phone at +65 6702 1179. We are eager to discuss the array of services we can offer to support your business.

At CorpWerk, we provide a comprehensive range of secretarial compliance services, including but not limited to:-
• Statutory Registers Maintenance
• Corporate structure review
• Qualified Company Secretaries Advisory
• Appointment of an officer as Company Secretary
• Board Meetings Preparation, Documentation and Minutes Preparation
• AGM Preparation, Documentation and Minutes Preparation
• Filing of Annual Returns to ACRA
• Companies Act compliance consultation
• Changes in registered office and mailing address
• Registration of branch and representative office
• Government licenses Application
• Review commercial agreements and provide business negotiations
• Share Transfer Forms
• Nominee Director Services

5. HR & Payroll Services

CorpWerk can assist your company’s Human Resource department, particularly with implementing an efficient payroll system and other related services that will improve HR operations in your company.

Our services include but are not limited to:
• Monthly Payroll Processing
• E-Payslip Generation
• CPF Submission
• Bonus Calculation
• Incentives and Variables Calculation
• Preparation of IR8A
• Foreign staff applications

6. Liquidation/Strike-off services

Business owners face the choice between two distinct processes when deciding to cease their business operations: Strike Off and Liquidation. These processes not only differ in their procedures but also in their completion timeframes. At CorpWerk, we provide comprehensive liquidation and strike-off services, meticulously managing the orderly closure and dissolution of companies. Our expert team ensures strict adherence to all legal and financial requirements, guaranteeing a seamless and compliant conclusion to your business journey.

7. Outsource Accounting & Bookkeeping

Bookkeeping and accounting serve as the bedrock of your company’s success.

Entrepreneurs embarking on a business venture without prior accounting knowledge often find bookkeeping to be a tedious task, while dealing with accounting can be a source of stress. Even small and medium-sized enterprises may encounter challenges in recruiting and retaining the right talent for these roles.

A widely adopted solution among small business owners is to outsource their accounting work. By entrusting your bookkeeping and accounting needs to reliable professionals, you can rest assured that your company’s financial records will be maintained at a professional standard, backed by practical and efficient support.

Outsourcing your accounting offers several key advantages:

• Time-Saving: This allows you to concentrate on driving your business and staying ahead of the competition.
• Improved Decision-Making: Maintaining accurate accounting records empowers you to make informed decisions and closely monitor cash flow.
• Effective Budget Management: A dependable and cost-effective bookkeeper can help you manage your company’s budget more efficiently.
• Financial Compliance: You can be confident that your business adheres to financial reporting standards.
• Access to Expertise: A readily available team of experts is at your disposal to address your business’s specific needs.

CorpWerk is a well-established accounting firm based in Singapore, offering comprehensive bookkeeping and accounting services. We can assist you in preparing accounts on various schedules, be it monthly, bi-monthly, quarterly, half-yearly, or yearly, tailored to your company’s requirements.

For startup clients, we provide templates to jumpstart their accounting processes. Additionally, we offer corporate secretarial services. Please don’t hesitate to reach out to us if you’d like to explore collaboration.

Let us design a customized package to alleviate your accounting challenges and streamline your financial operations.

Our services include:
• Cloud Accounting
• Accounting Software
• Accounts Receivable and Accounts Payable
• Debtor & Creditor Aging Analysis
• Financial Statements (Profit & Loss, Balance Sheet)
• Cash Flow Statements
• General Ledger Maintenance
• Petty Cash
• Bank Reconciliation
• Fixed Asset Register
• Accounts Consolidation
• Financial Analysis

8. Tax Services

Singapore boasts a unique advantage for businesses incorporated within its borders, making it an attractive destination for foreign business investors, entrepreneurs, and entities. This allure is largely due to the nation’s competitive corporate tax rates, which have been set at a range of 0% to 17% since 2010.

Startups that meet specific criteria in Singapore enjoy substantial tax benefits. These advantages include a complete tax exemption on the first $100,000 of normal chargeable income, followed by an additional 50% exemption on the subsequent $200,000 of normal chargeable income, for the initial three consecutive years of assessment (YAs).

Furthermore, the Inland Revenue Authority of Singapore (IRAS) provides a range of additional tax incentives and exemptions, such as those for head office activities, shipping, and more. Additionally, there are SME cash grants available to further support businesses in their growth and development efforts.

At CorpWerk, we offer a comprehensive suite of tax return services designed to streamline your tax-related processes. We handle the compilation of your annual tax return documents for submission to IRAS (Inland Revenue Authority of Singapore) and provide guidance on the steps for filing audited or unaudited accounts. Additionally, our experienced team offers valuable tax advice and assistance.

Our services encompass:

• Annual Corporate Tax Filing and Computation
• Monthly/Quarterly Goods and Services Tax (GST)
• Preparation and Filing
• Individual Tax Filing
• Tax Incentives
• Tax Planning and Compliance

With CorpWerk, you gain a trusted partner to navigate Singapore’s tax landscape, ensuring your business remains tax-efficient and compliant.