Yes definitely, our accounting services in Singapore for startups is served by our Startup, Small and medium-sized Enterprises (SSME) accounting division. Our service package for startups and newly setup companies are cost competitive.

Startups have straightforward needs and often includes expense tracking, payroll processing and grant related transactions. However, managing bookkeeping can be time-consuming and complex for business owners who are not trained in accounting or finance.  Many startup owners choose to outsource their bookkeeping and accounting to us so that they can focus on their core business.

For the fast growing startups, we offer additional service and advice to support their business such as stocktaking, cross border transactions especially for manufacturing and trading companies, strengthening of fundamentals in preparation for future fund raising and even our CFO-as-a-Service. 

We understand their needs at every stage of their growth as some of our partners used to be startup owners themselves. Our vision is to grow with the startups and be their trusted partner along their growth trajectory. We value building and nurturing relationships with the entrepreneurs and are excited to see them successful. 

Yes, family office accounting services is served by our investment accounting division in Singapore. In fact, we provide accounting services in Singapore for both family offices and fund management companies. We have much experience in handling accounts for both our family office clients and fund management companies.

The accounting functions within a family office are critical for managing the family's financial affairs efficiently and ensuring compliance with various regulations including that of Inland Revenue Authority of Singapore (IRAS) and Monetary Authority of Singapore (MAS).

Family office clients like Cambridge Adviser’s high level of confidentiality, attention to detail, and expertise in managing complex financial structures. Our panel of chartered accountants and tax practitioners are familiar with investment accounting and complex transactions and ensure compliance with both IRAS and MAS requirements while complying with the conditions of the MAS tax incentives 13O/13U for family offices. Our tax practitioners will then ensure timely and accurate classifying and reporting of the FATCA and CRS.

Known as the "Singapore Financial Reporting Standard for Small Entities” or SFRS for SE, this is a separate set of accounting standards issued by  The Accounting Standards Council (“ASC”) for use by smaller entities in Singapore. 

A Singapore-based entity  qualifies to adopt the SFRS for SE if it is not publicly accountable and meets the criteria of being a "small entity" based on the satisfaction of at least two out of three quantitative benchmarks:

i) Total annual revenue not exceeding S$10 million;

ii) Total gross assets not exceeding S$10 million; and

iii) Total number of employees not exceeding 50.

An entity is deemed "publicly accountable" under the following conditions:

i) Its debt or equity instruments are traded in a public market or it is in the process of issuing such instruments for public trading; or

ii) It is a deposit-taking entity, holds assets in a fiduciary capacity for a broad group of outsiders as a primary business (common for banks, insurance companies, securities brokers/dealers, mutual funds, and investment banks); or

iii) It is a public company as defined in the Singapore Companies Act (Cap. 50); or

iv) It is a charity as defined under the Charities Act (Cap. 37).

An entity is qualified to adopt the SFRS for SE if it meets the stipulated criteria consistently over the preceding two consecutive years. However, a newly established company is eligible to apply the SFRS for SE during its initial two years of incorporation, given that it is not considered publicly accountable.

Do not worry about having to find the right tier of accounting firms in Singapore. With our respective divisions, we assure you that our pricing and accounting services can fit your needs and budget, regardless of the size of your operations.