The cost of performing statutory reporting requirements, in the long term, will be lower if you have a financial software package installed, setup properly, and kept up to date on a timely basis. ( in comparison to using bank statements, excel spreadsheets and a shoe box of dockets).
I can provide a more accurate quote once I understand the business complexities, current state of affairs, and your required service levels.
An additional optional advisory element including face to face meeting(s) on a periodic basis is recommended.
The following prices are the starting point for costs, based on a small non-complex business. For statutory requirements these rates are based on having a reliable financial software package in place.
Software Setup and training $800 +
Software Fixing/Catch-up (Quote after Review)
Statutory Accounts $600+
IRAS Tax return $300+
IRAS Estimated Chargeable Income $150+
GST Return (if Registered) per Quarter $200+
XBRL Conversion (if Required) $500+
Monthly/Quarterly Review of Accounts $100+/$250+
Monthly/Quarterly Review of Accounts including Reconciliation Review/Correction $200+/$500+
IR 21 Submission $250+
Part time CFO/Financial Controller Services $800+ per day
Nominee Director $1000+ Annual (quote depends on risk assessment)
GST Registration $400+
Services Provided By Related Parties if Required
Company Setup $700+
Annual Company Secretary Fee $500+
Annual Registered Office Fee $200+
Bookkeeping (per quote based on time required per month)