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Our fees are generally 20% lower than the market average.  If the client is to produce a lower quotation, we will match the difference.

- First-Year-Free* 

- Lowest Rates

Guaranteed Thereafter

Our Fees Come

With A Guarantee

Our Ethos: First Sincerity, then Business

 

- Smaths Corporate Services guarantees the best prices, or the difference back.

 

- Depending on the volume of transactions, small companies typically spend a few hundred dollars per month on outsourcing their accounting needs.  This adds up to a few thousand dollars per annum.

 

- This expense covers basic yearly book-keeping services as well as Compliance requirements such as Annual Returns and Tax Computation. If inventory management services and monthly accounts are required, the fees will be higher. 

 

Smaths Corporate Services is the

only accounting firm in Singapore

that provides a guarantee.

 

 

 

 

 

- In general, our rates are 20% lower than the prevailing market rate.  This is due to strategic tie-ups with our Official Partners that enable the firm to operate with minimal overheads.  The cost-savings are passed to our clients.

 

- If you are offered a better quotation elsewhere for the same services, we will gladly match the quotation, no questions asked.

 

 

FAQ on Fees:

1. I was quoted a low fee of $500 for all required Accounting services for my company's first year in business, but your website suggests that the average fees are in the thousands? 

 

>> Unlikely. Please check with the firm that indeed all services, especially "book-keeping" (aka monthly accounting services), are included in the said quotation. 

 

 

2. I was quoted an annual fee of $1,600 all-in for my start-up's accounting needs.  The accountant has promised to maintain this fee in perpetuity.  

 

>> To make such a promise is to assume that your business stagnants as a start-up in perpetuity. i.e. it does not grow in terms of volume of transaction, revenue amount and sophistication. This is not a realistic assumption.

 

 

3.  I feel that i have been over-quoted as our volume of transaction is low in our first few years.  Why does it still cost a few thousand dollars?  

 

>> It is time-consuming work. The salient item is "book-keeping". The accountant goes through every document (the invoices, the cheque book stubs, the expenses, the bank statements etc) and manually keys them into the system.  As the Corporate Secretary, the accountant is liable and can be punished by law if submissions are late. 

 

 

4. We are boot-strapping and cannot afford the accounting fees. What should we do?

 

>> Our first-year-free assistance package is available to new start-ups.  Contact us to enquire more now.

* Cap of 1st $1,000.  Other T&C apply.  

^ All directors/shareholders must be < 26 yo; Company must not be in business for > 3 years.

 

 

 

Our Services
Description of Services
Our Fees
Corppass Admin Appointment & Management
Up to 5 request/year
$200/year
XBRL Filing (Unaudited Accounts)
$200
XBRL Filing (Audited Accounts)
$50
Company Incorporation
inclusive of $315 ACRA fees
$415
Corporate Secretary
per year; excludes disbursements
$330
Registered Address
per year; no charges for self pick-up
Not Available
Bank Account Creation
includes the preparation of necessary documents
FOC
Nominee Services - director
per year
$2,000 onwards
Nominee Services - shareholder
per year
$600 onwards
Change of Company Name/Address
unlimited
FOC
Change of Constitution
per change
$50
Change of Company Address
per change
$50
Annual General Meeting/ Annual Return
does not include ACRA fees
FOC
11. Company Strike Off
onwards
$330
12. Annual Book-keeping (low volume)
(per month; up to 15 transactions per month)
$100/ mth
13. Annual Book-keeping (mid volume)
(per month; up to 30 transactions per month)
$170/ mth
14. Annual Book-keeping (high volume)
(per month; up to 60 transactions per month)
$300/ mth
15. Semi-annual Book-keeping (low volume)
(per month; up to 15 transactions per month)
$130/ mth
16. Semi-annual Book-keeping (mid volume)
(per month; up to 30 transactions per month)
$250/mth
17. Semi-annual Book-keeping (high volume)
(per month; up to 60 transactions per month)
$450/ mth
18. Quarterly Book-keeping (low volume)
(per month; up to 15 transactions per month)
$250/ mth
19. Quarterly Book-keeping (mid volume)
(per month; up to 30 transactions per month)
$430/ mth
20. Quarterly Book-keeping (high volume)
(per month; up to 60 transactions per month)
$720/ mth
21. Monthly Book-keeping (low volume)
(per month; up to 15 transactions per month)
$500/ mth
22. Monthly Book-keeping (mid volume)
(per month; up to 30 transactions per month)
$900/ mth
23. Monthly Book-keeping (high volume)
(per month; up to 60 transactions per month)
$1500/ mth
24. Financial Reporting
per year; Balance Sheet, Comprehensive Income, Equity, Cashflow & Notes
$200
25. Corporate Tax Computation & submission of ECI & Form C/CS
per financial year
$200
26. GST Registration/deregistration
one-off
$160
27. GST Reporting
per submission; 1 submission per quarter required
$150
28. Employment Pass Application
$500 will be refunded for rejected applications
$650
29. Payroll &amp; Basic HR Services
Payroll, claims and CPF services / mth
$500 (fixed) + $100/ employee
30. Know-Your-Customer(KYC) check
$150 per pax (onwards)