FTC’s Mission is  Getting You to Where You Want to be.  Our aim is to free as much of your time as possible so you can concentrate on your business.  For the first time you do not have to be distracted by the  hassle, the worry and the stress of having to understand and to keep up to date with rules and regulations.  You get better value for less costs because we have the economy of scale through our full-time staff who do nothing else except service your needs.  Our professionals keep track of the complicated rules and regulations on your behalf. 

You do not need to hire non-core staff who take up office space and require training and motivation. You also get confidentiality and continuity when you use our services.   Our services are mostly at fixed costs so you do not have to worry about wage and CPF increases. 

Here are examples of what we can do to save you time and money:

·       Do your monthly payroll, ensure you comply with the CPF requirements – you get confidentiality & privacy.

·      Do your monthly book-keeping, bank reconciliations, chase for outstanding payments, deal with your creditors – you get confidentiality & privacy.   You save on buying a separate accounting software. 

·        Do your  tax and GST returns, make sure you claim all the GST input tax refunds that you are entitled –  you get our trained professional staff to look after you instead of you training a unqualified staff.

·        Do checks with the Registrar of Companies & Businesses for you – you do not need to register online with the RCB; we have an account with the RCB and can get online faster.

·     Do ad-hoc corporate assignments on your behalf such as applying for work permits, employment passes, file a Proof of Debt with the liquidator to make a claim for payment, act as your business address, temporary support services at your office or on  special projects, secondment of our executive staff to help in special assignments or emergency needs.  

·      We can help with some of your IT needs.  We can design and develop your website, source for accounting and management software on your behalf – we help to increase your company’s productivity!

·       We can do a Cost Review to advise where you can save costs.  The Cost Review will comprise both a review of whether you are paying too much and where you can actually reduce costs.

Here is a menu of specific services :

1. Register a company online for you.  Provide you with a qualified lawyer as a company secretary.  Provide you with a full set of company incorporation documents including the company seal, the memorandum and articles of association, the minutes book for directors, the minutes book for shareholders’ meetings, the registers of members, directors, directors’ shareholdings, share transfers, a book of share certificates, etc.   We can provide you with a registered office address and an independent director, if necessary.

We can convert sole proprietorships and partnerships into limited companies.

As we have an account with ACRA we do the online registration faster and with professional expertise.   You are likely to have concerns about the rights of each shareholder, the liabilities of directors, the compliance requirements of the Companies Act, what the company can do, its objects and powers, and what amounts to put in as share capital; etc.  It is always better to have a professional discussion on these matters.

2. Tax Returns.  We review your financial statements and do a professional tax computation complete with supporting schedules.  We work to ensure you claim the tax deductions that you are entitled.  We work to ensure you claim the capital allowances you are entitled.  We do both personal and company tax submissions. 

We can act as your tax agents submitting your Form C or Form B and other tax forms.  We can correspond with the Comptroller of Income Tax on routine as well as specific issues on your behalf.

We provide you with up-to-date information on tax and budget changes.  We can advise you on tax reliefs, tax incentives, tax allowances and tax exemptions that may benefit your particular business.  We can do a review of your tax status to advise if you are benefitting from all the tax changes that come with the Singapore budget each year.

3. GST Returns.  We can advise when and whether you need to register for GST, we can register you for GST, and we can de-register your GST registration.  We can do a review to advise if you are claiming all the GST tax refunds that you are entitled.  We can advise if you are correctly complying with the GST rules and regulations.  You may get better cashflows from a monthly GST returns instead of quarterly.   We can apply for the GST Major Exporter Status for you - this will improve your cashflows.

We can do your quarterly GST returns together with supporting schedules.  We can deal with the Comptroller of GST on your behalf.

4. Review of Financial Statements.  We can review your financial statements to ensure these are properly prepared, you are applying the correct accounting standards, income is properly recognisd, expenses are properly matched and recognised, assets and liabilities are properly recorded, and the profit for the year is in accordance with approved accounting standards.    Your financial statements have to comply with new requirements under the Companies Act.  We believe a proper set of financial statements is important to the bankers, to the shareholders, to the authorities and to discharging the duties of a director.