Rikvin Provides Singapore Company Director's Report Preparation and Filing Services 

A Company that have a complete benefits that help foreign and local entrepreneurs setting their own business in Singapore.

by William Ullman Friday, January 07, 2011
Among Rikvin’s business goals is to ensure all companies registered in Singapore have prepared and submitted timely their Financial Statements with ACRA and IRAS. Doing so would bestow attractive benefits such as being able to pay the taxes in several installment terms.

One of its business consultants expounds that all companies shall determine their own financial year end. “A Financial Year End [FYE] serves as the basis for which the due date for tendering the accounting requirements and preparation of Financial Statement is ascertained.”

In each financial year end and before the company’s Annual General Meeting is held, the company must prepare and submit its Financial Statements with ACRA. Comprising the Financial Statements is the Director’s Report which consists of unaudited documents including balance sheets and income statements, notes of explanation and disclosure of imperative accounting policies employed by the company, disclosure of company’s operations, and interests of shareholders and directors.

“The financial position of a company is played in major part by its directors, the people behind the business policies and initiatives. Wise decisions coupled by efficacious marketing strategies are likely to result in accruing revenues more than incurring losses.”

A Director’s Report should be prepared adopting the Financial Reporting Standards and General Accounting Practice. In a sense, it represents the true and fair status of the company, whether it is earning or losing during its own Financial Year.

“Thus, a Director’s Report should reflect faithful and accurate presentation of the effects of business transactions, events, initiatives, and conditions based on reporting standards.”

In addition to the consequences of its business operations, the Directors should also include additional information like dividend recommendation, reserved earnings, principal risks and possible risk management strategies.

More than a typical summary of activities and their effects, the Director’s Report is a powerful tool to interact with certain interest groups that may reap beneficial results. A few of these interest groups are investors, creditors, business analysts, and government bodies.

Rikvin has a dynamic team of accountants to provide due assistance to a company in preparing and filing its Director’s Report.

“Rikvin helps prepare Financial Statements based on the International Accounting Standards, presents information such as accounting policies to have more reliable and understandable information, and provides additional disclosures to earn clear understanding of the transactions and their financial performance.”

Preparing the Director’s Report, let alone the entire Financial Statement is a daunting task. Many companies prefer to employ the services of a professional company to save resources such as time, manpower, and finances. Besides initiating the company incorporation and application of necessary labor visas, Rikvin offers Singapore accounting services such as bookkeeping, Annual Return filing, and payroll management.

About the Publisher:
Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration, Singapore company setup and providing professional services relating to finances and administrative. Rikvin specializes in processing working visas and providing services such as nominee director, nominee shareholder, nominee agents, accounting, payroll, and secretarial.

Since 1995, Rikvin serves hundreds of companies managing and rendering Singapore payroll service using sophisticated payroll software system to handle even the most complicated payroll account. In its payroll services, Rikvin assures its clients of confidence in dealing with every transaction. Its accountants maintain competence. Above all, Rikvin’s principles adhere to the laws and share the same vision such as the inevitability of innovation. Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.

For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com
Website: http://www.rikvin.com/

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

General | Categories: financial, business
0    submitted by William Ullman
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