SME Resource Hub

Accounting & Tax Portal for Small Companies

Your central dashboard for ACRA compliance checklists, IRAS tax deadlines, 2026 Budget updates, and statutory governance.

Accounting Dashboard

Module 1: Statutory Bookkeeping Requirements

Singapore’s Companies Act mandates strict separation of accounts and pristine record-keeping. Treat these three rules as non-negotiable for your daily operations:

1. Entity Separation
Never use personal accounts for business expenses. Commingling funds pierces the corporate veil.
2. Cloud Integration
Integrate Xero or QuickBooks directly with your corporate bank (DBS, OCBC, Aspire) for real-time reconciliation.
3. The 5-Year Rule
By law, all accounting records and receipts must be retained for a minimum of 5 years from your FYE.

Read the Full Bookkeeping Guide →

Module 2: ACRA Compliance & Penalties

Annual Filing Checklist

  • Hold AGM: Must be conducted within 6 months of your Financial Year End (FYE).
  • File Annual Return (AR): Submit via BizFile+ within 7 months of your FYE.
  • Financial Statements: Unaudited Financial Statements (UFS) must be prepared and presented at the AGM.

⚠️ 2026 Penalty Update:

Effective May 2026, the maximum fine for directors breaching their fiduciary duties (such as failing to maintain accounts) quadrupled from S$5,000 to S$20,000.

The “Small Company” Audit Exemption

You do not need a costly external audit if you meet at least 2 of the following 3 criteria in the past two financial years:

  • Total annual revenue < S$10 million
  • Total gross assets < S$10 million
  • Fewer than 50 employees

View the Annual Compliance Checklist

Module 3: IRAS Tax Deadlines

Singapore taxes income on a preceding-year basis. Mark these critical deadlines to avoid severe penalties:

Within 3 Months of FYE:
File your Estimated Chargeable Income (ECI).
November 30 (Annually):
File your final Corporate Income Tax Return. If revenue is under S$200k, use the simplified Form C-S (Lite).

Global Founder’s Corporate Tax Guide →

Module 4: Tax Exemptions & Budget

Start-Up Tax Exemption (SUTE):

75% exemption on the first S$100k of chargeable income, plus 50% on the next S$100k (For your first 3 YA’s).

2026 Singapore Budget Updates:

  • 40% CIT Rebate: Capped at S$30,000 for YA 2026.
  • Cash Grant: Automatic minimum S$1,500 grant if you employed at least one local employee in 2025.

Module 5: Goods and Services Tax (GST)

Singapore’s prevailing GST rate is 9%. Failing to register on time triggers severe backdated penalties.

  • Mandatory Registration: You are legally required to register if your taxable turnover exceeds S$1 million at the end of any calendar year, or is expected to exceed it in the next 12 months.
  • F5 Returns: Once registered, you must meticulously track input/output tax and file quarterly returns.

Master the GST Registration Process →

Module 6: Payroll & Business Grants

  • CPF Contributions: Mandatory monthly pension payments for SC and PR employees, due by the 14th of the following month.
  • IR8A (Auto-Inclusion Scheme): Employers with 5+ employees must submit income data to IRAS by March 1st.
  • Enterprise Innovation Scheme (EIS): A highly lucrative grant offering a 400% tax deduction (up to S$50k) on qualifying AI and automation investments.

Scale Faster by Outsourcing Your Finance Department

Stop risking IRAS and ACRA penalties with DIY accounting. Hub Corporate Services acts as your dedicated back-office, optimizing your tax exemptions and keeping your entity 100% compliant.