Singapore tax authority, Inland Revenue Authority of Singapore (IRAS) has been encouraging companies to pay focus on their tax compliance to avoid lefty penalties. However, preparing your income tax returns can be a daunting task.
The current Singapore tax laws can be relatively simple to prepare but it may be just too easy to overlook deductions and credits to which you are entitled. On the other side, you may claim deductions that are prohibited and end up contributing part of your income to our nation building funds. Our tax professionals are trained to ensure that your deadlines are met and income tax returns are submitted accurately and in compliance with the tax law.
At YTK, we provide personal attention to clients in all tax brackets, helping them to preserve wealth and save money on taxes. We explore various opportunities for reducing your tax liability to ensure you never pay more than you have to.
Have you recently receive letters from the IRAS audit team?
We are here to resolve your tax problems and put an end to the misery that our IRAS has put you through. The problem with issues concerning IRAS is that it will never go away. The penalties and interest will keep increasing as the days goes by. Our tax professional will be able to assist in filing your back taxes and work with the IRAS on your behalf to negotiate a fair resolution to complex tax problems.
It is a well-recognized principle of taxation that every man is entitled to order his affairs so that the least amount of tax is payable. Whether you are a business or an individual, our specialists will work with you to develop a highly-personalized plan with tax saving strategies that are tailored to your situation.
We understand how a heavy tax burden negatively impacts a business’s cash flow. Our goal is to reduce your tax liability, freeing capital to re-invest or take advantage of future opportunities.