How Outsourced Accounting Simplifies Business Operations
Outsourcing accounting services in Singapore is a strategic solution for businesses looking to improve efficiency, reduce operational costs, and ensure regulatory compliance. By partnering with a professional accounting firm, companies can streamline bookkeeping processes, maintain accurate financial records, and gain access to real-time financial insights using cloud accounting software such as Xero.
Save Time & Focus on Growth
Eliminate the need to manage an in-house finance team
Free up time for core business functions like revenue growth and customer acquisition
Focus on strategic planning and business expansion
Ideal for SMEs in Singapore with limited internal resources
Expert Support with Cloud Tools
Use cloud accounting software like Xero and QuickBooks
Automate transaction recording and bank reconciliation
Generate real-time financial reports
Maintain compliance with (IRAS) and Singapore accounting standards
Scalable & Cost-Efficient Solutions
Flexible accounting services that grow with your business
Suitable for startups and established companies
Support increasing transaction volume and complexity
Avoid costs of hiring and maintaining a full in-house accounting team
Our Accounting Services
SMEs, start-ups and expanding businesses in Singapore rely on our accounting services to provide them with end-to-end financial management, which includes bookkeeping, financial reporting, GST filing and corporate tax compliance. We make sure that your accounts are in compliance with Singapore Financial Reporting Standards (SFRS) and the requirements of the IRAS and ACRA.
Bookkeeping – Clean, Accurate Daily Records
The foundation of financial health is bookkeeping. We document all transactions, balance your bank accounts and maintain your general ledger in audit format. No more messy spreadsheets or missing receipts.
Reporting should not just look backwards, but you should be able to work out what to do next. We provide understandable, compliant financial reporting that assists you in identifying trends, managing expenses, and in growth planning.
Custom KPI dashboards – Gross margin, burn rate, working capital at a glance
Singapore Financial Reporting Standards (SFRS) compliance – Year-end statements ready for AGM or audit
Group consolidation – Combine multiple entities into one accurate report
Variance analysis – Actual vs budget, current month vs last year
Payroll – On-Time, Accurate, CPF-Compliant
Mistakes in payroll undermine confidence and commence fines. We compute the salaries, CPFs and itemised pay slips to ensure that your team receives the right pay at the end of the day – each and every month.
Monthly salary computation – Base pay, overtime, commissions, deductions
CPF calculation & submission – Auto-computed for local and SPR employees
IRAS Auto-Inclusion Scheme (AIS) – Annual income submissions done digitally
Itemised pay slips – Compliant with Ministry of Manpower (MOM) requirements
Leave & claim tracking – Integration with your HR records
Director’s fees & variable payments – Handled separately for compliance
Tax is not only about being on time, it is about paying the correct sum and not a dollar extra. We ensure that you are in compliance with IRAS, on top of finding all the grants, deductions and schemes that you are eligible to.
IRAS audit representation – We respond to queries on your behalf
Corporate income tax (Form C-S / Form C) – Full preparation and filing
Estimated Chargeable Income (ECI) – Timely submission within 3 months of year-end
GST registration & quarterly returns – Including IRAS GST audit support
Double tax treaty advisory – For foreign-owned companies and cross-border transactions
Our Accounting Tools & Software
Our cloud accounting software is used to provide efficient, compliant, and accurate accounting services in Singapore. The tools simplify the bookkeeping process, automate the financial reporting process and align with the IRAS requirements.
Automation & Efficiency
Our tools minimise manual entry of data with features like bank feeds, expense management, and invoice integration. It enhances accuracy and bookkeeping and reporting.
Real-Time Financial Insights
Get access to up-to-date financial information, such as cash flow and profit and loss statements, to make more informed decisions and plan the business.
Compliance & Accuracy
Formatted accounting systems ensure that your financial records are in tandem with Singapore Financial Reporting Standards (SFRS) and are in compliance with ACRA and IRAS requirements..
Secure & Scalable
Your banking information is safely stored in the cloud with limited access. As your business grows, these systems scale to handle higher transaction volumes and reporting needs.
Why Choose One Tax for Accounting Services in Singapore?
Hassle-Free Accounting Support
We provide reliable accounting services in Singapore, including daily bookkeeping, bank reconciliation, and preparation of financial statements. Our structured processes ensure your financial records are accurate, organised, and audit-ready at all times.
End-to-End Compliance & Reporting
From bookkeeping to financial reporting and corporate tax filing, we ensure full compliance with IRAS and ACRA requirements. Our team prepares profit and loss statements, balance sheets, and management reports to support business decision-making.
Maximize Singapore’s Tax Benefits
Singapore offers various tax incentives and exemptions for SMEs and startups. Our accounting professionals help identify eligible tax relief schemes, optimise your tax position, and ensure accurate GST and corporate tax submissions.
Expert-Led IRAS Compliance
We ensure your accounting records comply with Singapore Financial Reporting Standards (SFRS) and IRAS guidelines. This reduces the risk of penalties, audits, and reporting errors.
Personalized Financial Solutions
Every business has unique financial requirements. We tailor our accounting and bookkeeping services based on your industry, transaction volume, and business structure to deliver efficient and scalable solutions.
Ongoing Support for Growth
Beyond routine accounting, we provide ongoing financial insights, cash flow analysis, and reporting support to help your business scale sustainably in Singapore’s competitive market.
Easy Steps to Get Started with
One Tax Accounting Services
Our accounting process is designed to ensure accurate bookkeeping, timely financial reporting, and full compliance with Singapore regulations. From onboarding to ongoing support, we follow a structured workflow to maintain consistency and efficiency.
We assess your business structure, transaction volume, and compliance requirements to recommend suitable accounting services in Singapore, including bookkeeping, payroll, and tax reporting.
Service Selection
We propose a customised, scalable accounting solution covering bookkeeping, financial reporting, payroll services, and corporate tax requirements based on your business needs.
Document Collection
We guide you in submitting key financial documents such as invoices and bank statements via cloud accounting tools like Xero or QuickBooks, ensuring proper record-keeping and IRAS compliance.
Processing and Reporting
We handle transaction recording, bank reconciliation, and generate monthly financial reports, including profit and loss statements and cash flow reports, aligned with Singapore Financial Reporting Standards (SFRS).
Ongoing Support and Scaling
We provide continuous support with GST filing, corporate tax compliance, and financial reporting, while scaling our accounting services as your business grows..
We Handle the Paperwork,You Build the Business
From company incorporation to accounting, tax, and work pass applications, One Tax CM ensures everything runs smoothly. Focus on what matters, we’ll handle the rest.
"Exceptional accounting services, attentive support, and budget-friendly software solutions for lasting results."
I have been using their accounting and secretarial services since 2014 and not only they have been top-notch, their team is accommodating, patient and gives good advice on maintaining proper accounting records. One Tax has also provided my firm with cost-effective accounting software solutions which helps me solve my accounting woes for the long haul.
— Jing Wei s
"Expert accounting services, responsive team, and tailored solutions for SMEs."
We have never been let down or kept waiting for an answer. As an SME, we feel we are in good hands with One Tax CM, who thoroughly understand our complex business structure and requirements, keep us up to date with Singapore’s tax regulations and have helped us with forward planning.
— John & Cassie
"Reliable accounting services, supportive team, and efficient business solutions for entrepreneurs."
Lancaster provided a legitimate avenue for me to leave my 9 to 5 job and start my own business. The opening of bank account, EP application, accounting and taxation were well handled through this team. I am now my own boss and I have a team to thank for assisting me on that journey. Trustworthy, reliable, and responsive; I have since recommended him to many of my peers who wanted to pursue their own business as well.
— William Ng
"Professional accounting services, responsive support, and tailored business solutions for optimal results."
If anyone is looking for a corporate service provider to incorporate a company in Singapore, you must talk to the team at One Tax CM. I Spoke with Multiple organizations but none of that compared to the amazing support and responsiveness of Lancaster and his team. The truly understand is what required and have a great “can do” attitude to helping you setup your business optimally.
— Mick Spiers
"Efficient accounting services, proactive support, and customized solutions to meet business needs."
Having multiple engagements with One Tax CM, they impressed me by their speed and quality of service. Their handling of the company incorporation and corporate account opening were seamless. They are always so helpful to share their professional advice and I certainly have no qualms recommending them to my..
— Sandy Tan
EXCELLENT
Based on 43 reviews
Posted on Google
Hemant
Trustindex verifies that the original source of the review is Google.
We had a wonderful experience dealing with & working with the entire team at One Tax CM. A huge shout out to Lancaster, Emilia, Karyn and the team for extreme professionalism, great response times & always willing to solve our queries with patience.
Definitely recommend using their services to anyone looking to start their business!
Posted on Google
John Kos
Trustindex verifies that the original source of the review is Google.
Outstanding service, great staff with exceptional efficiency and professionalism throughout the entire process. Communication was prompt, attention to detail was excellent and everything was handled seamlessly and on time. Highly recommend for anyone looking for reliable and efficient business accounting support.
Posted on Google
Clement Chia
Trustindex verifies that the original source of the review is Google.
We had an excellent experience with One Tax CM Pte Ltd and their dedicated team. They are knowledgeable in company incorporation, corporate secretarial support, and other related business services. The team is attentive, responsive, and always committed to delivering quality assistance while ensuring all regulatory requirements are properly met. I would confidently recommend them to anyone in need of professional corporate services.
Posted on Google
Calvin Loa
Trustindex verifies that the original source of the review is Google.
I highly recommend Emilia and her team at One Tax CM to anyone looking for a corp sec team. Our company has been incorporated in Singapore for several years and gone through 2 other corporate sec companies and have been dissatisfied with their lack of response, high turnover rate of staff and thus creating redundant work and email responses on my end, and inexperience which causes recommendations that are not ideal for my company's situation.
One Tax CM solves all these problems. With a dedicated team, you have quick responses even after work hours and strong connections in Singapore that can recommend leaders in different industries that I need.
In the world of corporate secretaries, if you're looking for the cheapest services, you will also get the quality you pay for. While One Tax CM is not the cheapest, they are also far from the most expensive but you'll get the best value here.
Posted on Google
arjan ahluwalia
Trustindex verifies that the original source of the review is Google.
Working with One Tax has been great, I had a fantastic consultation with Lancaster on their services !
Highly recommend it !
Posted on Google
Zach Ang
Trustindex verifies that the original source of the review is Google.
I was previously using another corp sec, but always had to chase and chase and chase. Lancaster and his team are truly outstanding. Fuss free, and they take care of everything for you. If you’re a business owner, engage them for your next round. You won’t regret it, in fact, you’ll be happier that you did. Thank you very much, Lancaster & Team!
Posted on Google
MAE GLOBAL
Trustindex verifies that the original source of the review is Google.
Best services !!
Posted on Google
Xiang Sheng
Trustindex verifies that the original source of the review is Google.
Excellent service for company incorporation and corporate secretarial support. The team demonstrated strong professionalism, clear communication, and efficiency throughout the process. We appreciate their guidance and would highly recommend their services to anyone setting up a company in Singapore.
Posted on Google
Tommillusions
Trustindex verifies that the original source of the review is Google.
Spoke to Lancaster of OneTax CM and team. They are prompt and professional. Giving the most sound advice as well as most effective way for us to maintain our business ooerarions smooth, from incorporating and the accounts and tax side of business. Highly recommended.
Simplify Your Business With Our Professional Accounting Services In Singapore
Running a business in Singapore comes with regulatory responsibilities that can be time-consuming and complex. From daily bookkeeping to meeting IRAS and ACRA reporting deadlines, accounting tasks often divert attention from business growth. That’s where One Tax CM steps in. Our expert-led accounting services help businesses stay compliant, organised, and free to focus on what truly matters: scaling operations and serving customers.
Accounting services in Singapore is important for businesses because they help to maintain accurate accounting information, manage their cash flow, and ensure that statutory requirements from IRAS and ACRA are met. Professional accounting services also ensures timely financial statements and improves decision-making while reducing risks associated with fines or late submissions.
Accounting services play an important role in Singapore in assisting companies with keeping their financial transactions up to date, managing cash flow, and adhering to statutory requirements imposed by the IRAS and ACRA. Professional accounting services enables financial statements to be prepared promptly, enhances decision-making within a company, and minimizes the potential for mistakes and fines.
Outsourcing your accounting needs to One Tax CM offers numerous benefits for your business:
Cost Efficiency: Maintaining an in-house accounting team can be expensive, especially for small businesses. By outsourcing to One Tax CM, you get expert accounting services in Singapore at a fraction of the cost, allowing you to allocate more resources toward growing your business.
Access to Expert Advice: Our team is composed of experienced accountants and tax advisors who understand Singapore’s complex tax laws and regulations. By partnering with us, you gain access to expert advice that helps you optimize your financial strategy and ensures full compliance with the law.
Focus on Core Business Activities: Managing your finances can be time-consuming and stressful. By outsourcing your accounting to One Tax CM, you can focus on what you do best, growing your business, while we handle the numbers.
Don’t let compliance hold back your growth. Partner with One Tax CM and gain peace of mind knowing your bookkeeping, reporting, and tax filings are in good hands.
In-house accounting involves hiring and managing your own accounting team, which gives you direct oversight but comes with higher costs such as salaries, benefits, training, and software subscriptions.
Outsourced accounting allows businesses to engage a professional accounting firm to manage their bookkeeping, financial reporting, and compliance requirements. This provides access to experienced professionals at a fraction of the cost of maintaining an internal team, making it a popular choice for startups and SMEs.
Choosing the right accounting partner is crucial to ensuring accurate financial records and regulatory compliance. When evaluating an outsourced accounting provider, consider:
Experience and expertise in your industry and business size.
Compliance knowledge of Singapore accounting, tax, and regulatory requirements.
Technology capabilities, including cloud accounting platforms and secure data handling.
Responsiveness and support when you need advice or assistance.
Transparent pricing with clear scope of services and no hidden fees.
Scalability to support your business as it grows.
A reliable accounting partner should not only maintain your books but also provide timely insights that help you make informed business decisions.
