Can Outsourced Services Help You Run Your Business Smoothly?

There are various obligations that a company must fulfill to be able to function in a country and remain within the legal framework. Filing of returns for tax and paying the tax are very important responsibilities for every company. They must not be careless about this because that can get the company penalized severely. However, it is not easy for small and medium companies to complete all their tax obligations themselves because it will need the support of experts. Various companies are offering outsourced services that will help these businesses to prepare the returns and submit them on time. Registering The Company For GST GST is a tax that is levied on the commercial transactions of a company. The goods and service tax includes domestic sales of products and services. It also includes the import of goods for manufacturing or reselling. There is a stipulate turnover above which companies must compulsorily register for GST and start filing the returns. Any company with an annual taxable turnover of S$1 million and above must register for the tax. Even companies who expect to reach the amount in the current financial year must register for GST. GST registration is a cumbersome process for those who don’t know and it is better left to agencies who will help you complete the process. Companies can also voluntarily register for GST even if they have not reached the stipulated turnover limit. But the discretion to register or reject lies with the GST comptroller. For some companies, it is beneficial to register because they can use the input credit. But once the GST registration in Singapore is done, then you cannot deregister the company and you must complete all the formalities associated with GST. The service providers will not only help you in registering for GST but also for filing the returns on time. It will save you time and help to keep your company compliant with the law. Use The Most Convenient Accounting Software Accounting is not easy for companies with limited staff strength. The medium and small companies cannot afford to keep many employees to take care of accounting. In such cases, it is best for them to use accounting software that will help reduce the work of the employees and make it easy to maintain accounts properly. You can contact any QuickBooks accountant who can help you with setting up the software in your system and get you started with it. QuickBooks is ready for GST and is approved by the IRAS. Being a cloud accounting software, you don’t have to invest anything in hardware or software. The software can be set up very easily and operated by your employees easily. The main advantage of the software is that it can be viewed on your mobile devices too. This means that you can stay on top of your accounting wherever you are. Your QuickBooks accountant in Singapore will train your employees to operate the software. QuickBooks is a secure software and so you need not worry about data leakage. With this software, you only pay for what you use. You can print customized invoices and quotes. You get the software updates automatically. You can also generate all the required statements and reports. Ebos SG Cloud Accounts is the top most company in Singapore for accounting service, They serve the satisfied service to the business client.