Services · Tax
The computation is where accounting profit becomes chargeable income. Done carefully it is also where legitimate savings live: adjustments, allowances, reliefs and schedules that survive an IRAS look.
The classic failures are quiet ones: depreciation added back but capital allowances never claimed, private-use portions estimated with no basis, renovation costs expensed when they qualified for section 14N deductions over three years, and prior-year losses whose shareholding tests nobody checked. We rebuild the computation from the ledger with a schedule behind every number, so the return is not just filed but defensible.
In practice
An IRAS query about renovation claims arrived with a fourteen-day deadline. The schedules were already in the file; the reply went out in three days and the query closed without adjustment.
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The tax substitute for depreciation on qualifying plant and machinery, claimable over one to three years or the asset’s prescribed life. Timing elections change your tax cash flow, and we choose them deliberately.
Qualifying renovation and refurbishment expenditure is deductible over three years within a cap. Design fees and certain works are excluded, so the split matters and we document it.
Qualifying donations to IPCs attract an enhanced deduction, currently 250%. Only IPC-receipted gifts count, and we reconcile claims to receipts.
Private vehicle costs, personal portions of mixed expenses, fines and capital items. We flag recurring add-backs so you can restructure them where legitimate alternatives exist.
Yes. Some accountants outsource just the computation and filing to us, quoted as standalone work.
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Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
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