Book keeping/ Accounting and Yearly Tax Filing Pricing For Newly opened sole proprietor run Mini Mart

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Question: We are a newly opened sole proprietor run Mini Mart. We keep our daily sales,
purchase and expense in excel format. We need help with book keeping/accounting and
yearly tax filing. Whats the pricing for our service for above needs please?

 

Answer:

Please see attachment for highlighted in red for standard price lists  for
accounting services and tax services. Handphone: 98621860, Contact: Wilson Yeoh

1)                      Accounting services
                        Low             Medium          High
                        volume          volume          Volume
                        transaction     transaction     transaction

Monthly accounting services     S$150 to S$250  S$251 to S$600  S$601 to S$900


Yearly accounting services      S$150 to S$400  S$401 to S$700  S$701 to S$1,200

                        The above level of transaction per month/quarter/year is
determined
                        by the following:-

                1)      Number of sales invoices.

                        Low             Medium          High
                        0 to 20         21 to 30                >30

                2)      Turnover amount

                        Low             Medium          High
                        $0 to $50K      $51 to $500K    >$500K

                3)      Bank statements (no of pages)

                        Low             Medium          High
                        1 page          2 to 3 pages    > 3 pages

                4)      Number of cheque payments

                        Low             Medium          High
                        0 to 10         11 to 30                >30

                        Routine disburement costs are in the range of S$80 to S$200.
                        Such disburement costs cover normal routine cost such as
                        transportation, printing and stationery, photocopy charges,
etc.

                        We are not GST registered. You save on GST charges for
clients' companies
                        who are not GST registered.


2)                      GST compilation & e-filing of GST F5 per quarter
                        Low             Medium          High
                        volume          volume          volume
                        transaction     transaction     transaction

                        S$150 to S$300  S$301 to S$500  S$501 to S$900

3)                      GST accounting & e-filing of GST F5 per quarter
                        Low             Medium          High
                        volume          volume          volume
                        transaction     transaction     transaction
                        S$100 to S$400  S$401 to S$800  S$801 to S$1,400


4)                      Taxation Services

                        We offer personal and corporate tax compilance services. We
help your company to
                        secure maximum tax benefits by keeping abreast of latest tax
developments and
                        tax incentives that may benefits your company greatly.

                        Corporate/Personal Tax return is S$350 for filing up of the
following form:-

                        a) Form B/B1 (for individual)

                        b) Form C (for company)

                        c) Form P (for Partnership)

                        d) Form P1 (for Club and Association)

                        e) Form T (for Trust)

                        Other items and information which require to be tabulated in
deriving the Tax Computation
                        and the Filing of the Forms (with additional charges) are as
follows:-

                        a) Additional plant & equipment for computation of capital
allowance is S$100.

                        b) Determing the deductibility of specific expense is S$100.

                        1) Apply for waiver for dormant company.

                        2) Filing of ECI is S$50.

                        3) Attending to IRAS queries from S$50 onwards.

                        Routine disburement costs are in the range of S$50 to S$120.
                        Such disburement costs cover normal routine cost such as
                        transportation, printing and stationery, photocopy charges,
etc.

                        We are not GST registered. You save on GST charges for
clients' companies
                        who are not GST registered.

Many thanks,
Warmest regards,
Wilson Yeoh (9862 1860)
www.auditexpress-sg.com
Public Accountant in Singapore
Public Accountant in Singapore
Wilson Yeoh is a registered company Auditor with the Accounting & Corporate Regulatory Authority of Singapore (ACRA). He has more than 20 years of auditing experience over a wide range of industries. These industries include construction, engineering, shipping, associations, churches, clubs, retail, entertainment, information technology, trading & fund management. Reach him at https://sg.linkedin.com/in/boon-hon-yeoh-b46ab4106.

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