We believe that having access to timely and accurate financial information is important for our clients to maintain a competitive advantage in today’s dynamic business environment. We provide a full range of accounting services for the Companies which include:

• Preparation of full set financial accounts on a periodic / monthly basis
• Consolidation of group accounts
• Preparation of GST returns and GST reporting to IRAS
• Review and analysis of business performance
• Preparation of annual financial statements in accordance with Singapore Financial Reporting Standards
• Budgeting and financial forecasting
• Advisory on Financial Reporting Standards

Companies that is exempt from audit and filing requirement is still required to prepare a full set of financial statements including explanatory notes, Directors’ report and the Statement Directors, and must be prepared in compliance with the Financial Reporting Standards (“FRS”)
Under requirements by ACRA with effect from 1 July 2015, your Company may be exempted from audit if they meet any 2 of the following criteria for the past 2 consecutive financial years:

1. Total Group Revenue is less than S$10 Million;
2. Total Group Assets is less than S$10 Million;
3. Total Group number of employees is less than 50.

Companies that is exempt from audit and filing requirement is still required to prepare a full set of financial statements including explanatory notes, Directors’ report and the Statement Directors, and must be prepared in compliance with the Financial Reporting Standards (“FRS”)

Under requirements by ACRA, your Company may be exempted from audit if:

• Your company is a Private Exempt Company (“EPC”), which means no corporate shareholder in the company and the number of shareholders in the company is not more than 20.
• Your company’s annual revenue does not exceed $5 million for financing years starting on and after 1 June 2004
• No request for audit by shareholders who represent 5% or more of a company’s ordinary shares, or
• No request for audit by banks or other creditors/financial Companies

For the company financial year commencing from 15 May 2003, compilation report (un-audited financial statement) is required if the company is dormant.

Developing a strong business plan is critical to the success of any startup business. A business cannot succeed long term in today’s hyper-competitive environment without a robust strategic plan. But standing back from your business in order to create a plan is often a challenge to both time and energy.

Vodich works with entrepreneurs, business owners and C-suite executives to help build robust plans that include detailed strategy around all aspects of their organization:  finance, sales and marketing, operations, supply chain, procurement and engineering.

Many business owners possess fantastic vision and strategies to grow and move their business to the next level but they are often constrained by the lack of time and resources to source for capital funding from investors or financial institutions. To secure the capital required for growth is one of the most important aspect for any business but many business might not have the necessary expertise required for this exercise.

Our team members have significant experience in advising a diverse range of clients from fast growing start-ups and SMEs through to Mulit-national Companies in Singapore and globally. We have excellent working relationships with a wide range of investors and financiers. Our clients are able to access capital from the following sources:

• Venture capital
• Private equity
• Family Offices and High Net Worth Individuals
• Property Funding – equity and debt
• Mezzanine Finance
• Financial Institutions
• Debt Capital Markets – corporate bonds
• Equity Capital Markets – initial public offerings (IPOs).

From analysis of the business, evaluation of benefits and pitfalls of various funding options, development of capital market strategies, exploration of appropriate capital resources, preparing the necessary information memorandum for investors, advising on the capital structure, due diligence process to closing the fundraising exercise. Vodich will offer solutions tailor-fit to the business and manage the entire fund raising process for the Company.

Annual statutory requirements for companies are stringent and numerous. Reliable corporate secretary is essential for meeting all statutory filing compliance. For a flat annual fee, we will take care of the company’s annual compliance. Besides that, our corporate secretarial services also include advising our clients on the following:

• Advising on appropriate business structure
• Formation of Singapore companies with preparation of necessary incorporation documents
• Annual statutory and regulatory compliance in Singapore
• Upkeep and update of Company’s secretarial register and records
• Provision of nominee for Company Secretary
• Preparation of Directors’ resolutions in writing
• Preparation of Annual General Meeting in writing
• Submission of statutory filings with ACRA
• Conversion of sole-proprietor/ partnership to Pte Ltd
• Advise and assist with striking off of Companies with the preparation of the necessary documents to be submitted to the relevant government authorities

A private limited company requires at least one individual director who has to be an ordinary resident of Singapore ie being one of the following: – Singapore citizen OR – Singapore permanent resident OR – Singapore employment/dependant pass holder. Our representative may act as your company’s local director if you have difficulties appointing a director of your own.

• The service is offered for statutory compliance only.
• The Nominee Director will not be involved in any financial or operational matters or management of the company.
• You must appoint one or more individuals (normally the company shareholders) to be the directors that are responsible for running the
  company operations.
• You must satisfy our initial and on-going KYC requirements.
• Execute our Nominee Director Indemnity Agreement.
• We will also require a refundable security deposit for the provision of the Nominee Director Service. The service can be terminated any time
  at your convenience. You, however, must appoint a new Singapore resident director to meet the statutory requirement.

Tax compliance is of utmost importance to any business owners and their organization. Business owners want to focus their energy on running and growing their business. Any queries from or non-compliance with the tax authorities are not desirable. Vodich support our clients on their tax compliance matters by keeping them on top of existing tax laws, regulations trends and key issues.

Tax planning is essential for Company to better manage their business more efficiently and effectively. Having an effective corporate tax planning program means proactive management and understanding the various tax incentives available to the business. From assessing the effectiveness of business structures to helping you identify tax savings opportunities and insights into Singapore tax rules and regulations, Vodich’s team of professionals will work with clients to ensure that the various tax reliefs and exemptions that may be available in relation to capital gains tax, stamp duty and VAT/ GST are fully considered.

Our full range of tax services include:

Compliance

• Corporate Tax
• Partnership Tax
• Personal Income Tax
• Tax Investigation and Audit
• Representation on Objection and Tax Dispute cases with tax authorithies

GST

• GST Compliance
• GST Advice and Planning
• Application of GST registration, schemes and deregistration
• GST Investigation and Audit

Advisory

• Tax Advisory Services with respect to setting up operations in Singapore
• Accounting tax provision
• Optimizing use of tax incentives and exemptions
• International tax strategy formulation
• Tax on profits expatriation
• Tax Structuring for local and international investments
• Government tax incentives
• ESOP and other employee incentives

From our humble beginnings on 17 January 2006 where we embarked on our journey to serve our clients, we had helped more than 1,000 companies and had our fair share of ups and downs. Being entrepreneurs, we understand the daily challenges that Founders and CEOs face  as they work to build and grow their business. We bring our experience to our clients and are commited to help them maximize their chances of success.

We work to connect our clients with fellow entrepreneurs, customers, VCs and other players who are passionate about entrepreneurship and startups.  Our advisory services to Startups and Entrepreneurs include:

1. Advising on the appropriate corporate structure
2. Advising on business plans and strategy
3. Advising and formulating critical management information for analysis and business decision
4. Advising and review of business performance and KPIs
5. Raising Capital from investors
6. Tax compliance and planning
7. Professional legal support through our business associates
8. Go to Market Strategy through our business associates

Virtual Office is a flexible solution for companies which does not require a physical office or the management are not based in Singapore. This is particularly suitable for non-residents who want to establish a business in Singapore and need a business address to do so. Vodich offers the following services to our clients:

1. A registered address in Singapore
2. Mail forwarding service
3. Cloud Telephony

Registered Address

We offer a centrally located address as your registered office which enables you to use our business address for communicating with the government authorities and business partners.

Mail Forwarding Service

We handle your incoming mails according to your instructions. Typical arrangements are:

• Collection at our address
• Scanning and forwarding of scanned letters via email
• Forwarding of mails to designated address

Cloud Telephony

Having a local number brings across a professional image that the business has physical operations in Singapore. We offer cloud based telephony solutions for our globe-trotting and mobile clients, there is no need to install traditional premised-based phone system, and thus there is neither upfront capital expenditure for expensive servers nor the costly on-going maintenance. Our clients can just install the application on their laptop or mobile phones and they enjoy the ease of having their phone line anywhere.

Co-working Spaces and Serviced Office

For clients looking for co-working spaces and serviced offices, we are able to introduce them to our business partners based in Singapore and around the region at preferred rates.