Oh i see,
So mean if my business start in 2nd feb 07, and i close my account and submit my income on 31 dec 07. Thats alright ?
Please go and read the roles & responsibilities of a Company Director.
If you have started a company, I presume a Pte Ltd, you are now a Director of the company. There are many roles & responsibilities under the Company Acts. If you do not know the basic of Financial year, you would probably not be aware about the legall timeline for filing your returns and when to hold your AGM...etc.
As a Director of a company, you are responsible to ensure all these are done accordingly. You need a company secretary who are suppose to know such things, it can be your girlfriend or family members, if you don't anybody who is suitable to be your company secretary, you need to pay for the services.
If you want to save money, just go down to ROC and pick up all the FREE booklets. Read them, all info are there.
If you do not know and don't want to find out, then pay for the services. If you have not learn the very basic of managing a company, you should not be name the director of your company.
Tips: For small company, make sure the ending of your financial year is not the same as most big companies. You will realise you have to pay more for accoutning, audit and taxation services.
Declaring it during a off-peak period may save you some money in the long run if you know how to negotiate for discount.
Throwing in free for you. Accountant will charge you for the above tips.
Ok thanks for the tips, my business is only an sole priopertor.
Haha i hope to save, so thought of asking around here. Maybe i will make a trip to ACRA someday.
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