Audit Services to take note of when you are running your own business

Audit Services to take note of when you are running your own business

There are many things that you should pay attention to when you are running your own business and instead of doing it yourself you should consider outsourcing.

As a business owner myself, outsourcing can save you a lot of time and effort and also you will end up having the best service that you can wish for.

You will need someone who is well trained to do something such as accounting, taxation or payroll.

If you want to do it yourself you can try but you might not be the best person to do it because it can be quite hard and quite tough to do it yourself.

Some of the following corporate services are what a business will typically need and you will be glad to work on it.

Accounting Services / Bookkeeping Services

Accounting makes sure you have your numbers done up right and you are paying the correct amount of taxes to the government.

You will also be able to track if you are making a decent profit or making a loss and if done on a monthly basis will help you to track your business growth.

Payroll Services

Many business owners like to run their own payroll services but it can take up quite a bit of time and for those who are not familiar with the new laws, you might take up more time than usual and it should be used for more sales and marketing roles.

Taxation Services

If you are someone who is familiar with the tax code, maybe you should be running a tax consultancy services firm.

The tax code can be something that needs a special set of skills.

If you want to make sure you have saves the max of taxes that you can, you should hire someone who does this on a daily basis.

Corporate Secretarial Services

Corporate Secretary plays the role of the governance in charge.

If you want to make sure you are abiding to the rules and deadlines, make sure to hire a corporate secretary to help you with running your business.

Audit Services

For businesses with more than $10 million SGD in revenue or assets, you will need to be audited.

Take note to have this done to not go against the Singapore rules.

Finding a good vendor to help you with all this work is not easy. Speak to Koh Management now!

T.K is an avid writer on business topics, he writes for Koh Management