Property Owners and Developers

• Proper accounting treatment that complies with the Singapore Financial Reporting Standards (SFRS). 
• Compliance with statutory requirements through audit services designed to provide reasonable assurance that the financial statements are not materially misstated and are presented fairly in accordance with applicable accounting standards as well as relevant statutory requirements.
• Preparation for businesses' next stage of growth. We have the right expertise in IPO grooming, transition and exit management.
• Valuation assessments relating to financial reporting (i.e. valuation of financial instruments, assets and liabilities).
• Litigation support (i.e. dispute resolution, financial modeling and expert testimonies) where needed.
• Management of back end cost by outsourcing of accounting functions which can be routine and/or voluminous. Our team provides drafting of Financial Statements and XBRL Conversion for yearend reporting.
• Contract Accountant or Contract Staff Services when businesses need any short term resources urgently or on project basis.

Sage 300 implentation for property owners and developers

• Financial modules like AR/AP/GL/Cashbook/Fixed Assets.
• Project Job Costing for recognising revenue/costs for project-based transactions.
• Purchase Order for tracking purchases for projectbased transactions.
• Inventory Management for managing stock movement. (different locations & just-in-time ordering)
• Control over AP processing, automate preparation of payment vouchers and cheques at project level.
• Bulk AR & AP processing via Internet Banking. (use of BankLink)
• Tracking of Inventory or Fixed assets using barcode.

• Data mining & organisation and data analytics to help businesss make better decisions. 
• GST analytics to help streamline work processes, minimise eye-balling and enhance controls at GST reporting level.
• Evaluation of project cost data, analysis of project budgets and review of costing estimates.
• Detection of variations between project milestones, cost to complete and project activity margins.
   Analysis of manpower cost using business analytics & billings from subcontractors.
• Profit maximisation and performance improvement in marketing strategy, customer behaviour and sales trend.

• Implementation of practical GST compliance processes  that do not hamper daily operations.
• Certification of annual balance sheet and accounts of the licensed housing developer as required under the Housing Developers (Control and Licensing Act) - Housing Developers (Project Account) Rules.
• Management of GST risks using the GST Assisted Compliance Assurance Programme. (ACAP)
• Singapore corporate tax compliance filing requirements.
• Singapore withholding tax filing requirements.
• Handle adhoc tax queries from the tax authority, including tax ruling requirements.
• Review and preparation of contemporaneous documentation and/or global group transfer pricing policy.
• Advisory on GST pain points to avoid.
• Deal with GST implications arising from setting up SPVs and relevant structures to invest in and hold interest in properties (both local and overseas).
• Fulfilment of tax compliance obligations, identification of company tax risks and tax planning opportunities.
• Advisory on practical input tax apportionment formula to apply prior to obtaining temporary occupation permit ("TOP") and after TOP.
• Support mergers and acquisitions, including tax effective holding structure and due diligence work.
• Compliance monitoring and regulatory framework reviews.
• Evaluation of data protection practices.
• Assessment of level of health and safety awareness and compliance.
• Compliance benchmarking and gap analysis.
• Implementation of sustainability reporting frameworks, define sustainability metrics and report on sustainability initiatives.
• Cyber security risk assessment and IT security e.g. unauthorised access to confidential project tenders/contracts.
• General IT infrastructure needs.
• Reduction of payroll paperwork and timely delivery of payslips.
• Accurate and timely payroll.

• Review of project budgeting process to flag out controls deficiencies and recommend practical solutions and best practices
• Tax planning and advisory work.
• Assessment of procurement and main contractor evaluation practices.
• Establishment of tendering objectives and set out bid evaluation frameworks.
• Assessment of counterparty performance monitoring and target setting initiatives to drive better cost management and project scheduling and milestone monitoring activities.
• Improvement of cash flow management and enhancement of cash flow forecasting.
• Optimisation of returns from capital commitments.
• Analysis of ‘go/ no go’ investment and acquisition options.
• Facilitation of loan restructuring and analyzing impact of additional financing.
• Identification of investment opportunities through acquisition due diligence, strategic restructuring and transactions management.
• Valuation services in areas such as transaction valuation, business planning, IP valuation, machinery and equipment valuation.

• Corporate governance structuring and improvement plans.
• Evaluation of board effectiveness.
• Benchmarking of remuneration and salaries.
• Strategic business alignment and target setting.
• ERM implementation such as risk governance oversight, ERM programs (based on ISO: 31000 Standards), risk assessments, risk dashboard development and defining risk indicators.
• Internal audit outsourcing requirements (i.e. controls and process optimization, agreed upon procedures, co-sourcing requirements, pre-IPO reviews, Sarbanes Oxley attestation, policy development, site inspections and audits, anti fraud program development, whistle blowing frameworks).

• Evaluation of risk and margin appetites and tolerances for different project types.
• Assessment of counterparty risk and risk in the financing and ownership structure for different project SPVs.
• Analysis of development project or investment property acquisition viability including assumptions such as break-even points, occupancy ratios, yield, pricing structure, project returns and profit targets.
• Implementation of profit improvement projects.
• Improvement of working capital management and benchmark working capital practices.
• Support M&A initiatives at various stages of the acquisition and deal process. (i.e. strategic acquisitions, sale and divestments, mergers and joint ventures, Management Buy-Outs, Fund raising)