- About Us We are a group of professional accountants who are specialized in the following areas: Accounting Tax Advisory Corporate Secretarial Business Advisory Company Liquidation Professional Titles Many of us possess professional titles such as CPA and AICSA. We have many years of experience in rendering our professional advice to local and foreign businesses. Bilingual Most of our consultants are bilingual, thus we have no problem communicating to foreign clients. In fact, we have clients from India, China and European countries requesting our incorporation and accounting services. Arrangement with auditors, bankers and financial advisory firms Over the years, we have built close working relationship with some audit firms and we are able to make audit arrangement for clients who need statutory audits. Next, we have also arranged with some Banks [ local and foreign ] as well as Financial Advisory Firms to arrange/render business loans and financial advisory services to our clients. My contact Our services are not limited to the above. Do contact Raymond Tan at (65) 9698 4175 for a discussion and I will see how we can assist you! Partnership We are currently seeking partnership with any interested audit & business advisory firms to establish a mutually beneficial relationship with each other. - Services We provide the following services: ACCOUNTING ( bookkeeping, budgeting, business valuation, etc ) TAX ADVISORY ( tax planning & consultation, filing tax returns etc ) CORPORATE SECRETARIAL ( incorporation of companies & LLPs, filing annual returns in XBRL format, application of EntrePass for foreign business entrepreneurs etc ) BUSINESS ADVISORY ( feasibility studies, business reengineering etc ) COMPANY LIQUIDATION OTHER ARRANGEMENTS: AUDIT ARRANGEMENT INITIAL PUBLIC OFFER (IPO) ARRANGEMENT BANK LOAN ARRANGEMENT FINANCIAL PLANNING ARRANGEMENT - Accounting In need of competent accountants to manage your set of accounts? We manage full set of accounts for our clients from various industries. Currently, we provide monthly, quarterly and yearly accounting services. Our fees are based upon the volume of transactions such as sales invoices, cheque books etc. - Tax Advisory Need Tax advisors? We also provide tax planning to advise our clients possible ways to minimize their tax burden. In addition, we file tax returns for different entities namely sole proprietorship, partnership as well as private limited companies. - Corporate Secretarial Are you looking for a qualified company secretary? We help clients prepare annual reports in XBRL format for efiling with ACRA. We also provide incorporation of companies as well as acting as company secretary for private limited companies. - Other Arrangements: - Audit arrangement - Initial Public Offer (IPO) arrangement We are able to help you do the pre IPO accounts, arrange a lead manager and auditors to prepare your Company for a local listing application. - Business loan arrangement We have successfully arranged our clients to take up bank/business loans to expand their businesses, use as working capital etc. Do contact us if you need a Business Loan! - Financial Planning arrangement Business entities usually provide certain insurance coverage for their workers and staff such as i) workmen compensation, ii) keyman insurance, and iii) other business related insurance We are able to arrange a Licensed Financial advisory firm to assist you in these issues. - PROS AND CONS OF DIFFERENT BUSINESS STRUCTURES & RECENT CHANGES TO COMPANIES ACT (BREIFLY) Limited Exempt Private Company Pros: 1. Generally the liabilities of the shareholders are limited to the amount of paid up capital. [Assuming no uncalled share capital!] 2. Better image since limited companies are governed by an elaborate Companies Act unlike other business structures. 3. Newly formed companies can enjoy tax exemption granted by local tax authority up to $100K of taxable income from YA 2005 onwards. [Subject to certain conditions being met] Cons: 1. Higher maintenance costs as compared to other business structures like LLPs and Sole proprietorship. 2. Generally it takes more time and money to close a company. 3. May need to be audited if Turnover is greater than $5 million. 4. Need to prepare Annual Report that is in compliance to Financial Reporting standards. 5. Directors may still be personally liable in certain exceptional cases. Limited Liability Partnership (LLPs) Pros: 1. One general partner with unlimited liability and passive partners with limited liability. 2. Need only to file solvency statement per calendar year. 3. Minimum compliance costs unlike a private limited companies. [No need to have Company Secretary and Annual report prepared in accordance with FRS] 4. Generally, it can be closed or wound up more easily than a Company. 5. A preferred business structure by professional firms! Cons: General partner(s) has/have unlimited liability. Some recent changes in the Companies Act (briefly) 1. Audit exemption for Exempt Private Companies with turnover of less than $5m. [Financial year/period starting 1 June, 2004] 2. Allow for one director and one shareholder Company. 3. No need to appoint a professional to act as company secretary. 4. Abolish the need for “catch all” object clauses as in the past! Company can now engage in all legal business activities except those which require special licensing e.g. Money Changers, remittance, travel agents etc. 5. Abolish the concept of Par Value for shares. 6. Allow to give financial assistance and capital reduction with exceptions. [Subject to certain conditions] Please consult me or your lawyers or accountants, if you have any queries/doubts relating to any of the above issues. I only provide a very brief write up of the recent changes for your general information only. - Useful Links and Resources These external links to other websites are not under the control of and are not maintained by TTH Management Consultants Pte Ltd [Co. Reg. No. 200513009C]. TTH Management Consultants Pte Ltd is not responsible for the content of those sites and provides these links for your convenience only but does not necessarily endorse the material on those sites. Accounting & Corporate Regulatory Authority (ACRA) (Previously known as RCB) http://www.acra.gov.sg Inland Revenue Authority of Singapore (IRAS) http://www.iras.gov.sg Bizfile- ACRA’s one-stop business services portal https://www.psi.gov.sg/NASApp/tmf/TMFServlet?app=RCB-BIZFILE-LOGIN-1B Singapore Statutes Online http://statutes.agc.gov.sg Ministry of Manpower (MOM) - Advice on manpower needs http://www.mom.gov.sg/publish/momportal/en/home.html EnterpriseOne - Government laws, regulations, assistance, licences and permits for your business http://www.business.gov.sg Singapore Law http://www.singaporelaw.sg/content/Home2.html - Doing business in Singapore http://www.singaporelaw.sg/content/SetUpBusiness.html International Enterprise (IE) Singapore - Advice on international trade, official Free Trade Agreements http://www.iesingapore.gov.sg/wps/portal/EN Insolvency & Public Trustees’ Office http://app.minlaw.gov.sg/ipto/ SPRING Singapore (Previously known as PSB) http://www.spring.gov.sg Institute of Certified Public Accountants of Singapore (ICPAS) http://www.accountants.org.sg Ernst & Young http://www.ey.com Channel News Asia http://www.channelnewsasia.com Firewalls http://www.free-firewall.org Lavasoft Ad-aware [Trojan Horse Removal!] http://www.lavasoft.de - Contacts - We are located at 135 Middle Road #04-10, Bylands Building, Singapore 188975. (5 mins. walk from Bugis MRT Station) Tel: 6338 9455 Fax: 6339 5358 Website: www.tthmgmt.com.sg Email: rt@tthmgmt.com.sg For Enquiries If you have any queries, please contact Raymond Tan at 9698 4175 or sent your queries to rt@tthmgmt.com.sg <<中文介绍>> 本公司由一群专业人士组成, 我们的服务范围包括: - 会计及相关的作业 - 税务 - 公司成立及相关咨询 - 企业咨询 其他专业服务安排: - 审计 - 银行贷款 - 财经策划与咨询 联系人: 陈重希 CPA, AIPAS 电话: (65) 6338 9455 传真: (65) 6339 5358 电邮: rt@tthmgmt.com.sg 地址:135 Middle Road #04-10, Bylands Building, Singapore 188975 我们的会计及相关的作业代劳服务。 我们的服务涵盖以下方面: - 财务危机管理 - 代理记账及编制报表 - 会计程序设计管理 我们的税务服务。 包括: - 税务呈报: 公司税务,合伙制税务,个人所得税 - 税务策划 - 消费税税收呈报,建议和策划 我们的公司成立及相关咨询 服务包括: - 注册本地公司/代表处 - 名义董事/名义股东服务 - 公司税/个人所得税呈报与咨询 - 公司法规定之呈报 - 专业准证和永久居民申请 - 会计与呈报服务 我们的企业咨询服务包括: - 业务改进 - 融资 - 企业拯救 - 上市咨询 - 运营资本及项目集资 养生与修身格言: 今臣之刀十九年矣,所解数千牛矣,而刀刃若新发于硎。彼节者有间, 而刀刃者无厚,以无厚入有间,恢恢乎其于游刃必有 余地矣。是以十九年而刀刃若新发于硎。<<庄子。庖丁解牛> 恬淡虚无,真气从之,精神内守,病安从来。<<黄帝内经。上古天真论>> 持而盈之,不如其已;揣而锐之,不可长保。金玉满堂,莫之能守;富贵而骄,自遗其咎。功成身退,天之道。<<老子。 第九章>> 我有三宝,持而保之:一曰慈,二曰俭,三曰不敢为天下先。慈,故能勇;俭,故能广;不敢为天下先,故能成器长。<< 老子。第六十七章>> The information contained in this TTH Management Consultants document is for your reference only. Whilst every effort has been made to ensure accuracy in the data presented in this document in order to provide a high quality service, TTH Management does not give any guarantees, undertakings or warranties concerning the accuracy, completeness or currency of the information provided. Copyright ©2002-2008 TTH Management Consultants Pte Ltd [Co. Reg. No. 200513009C]. All rights reserved.