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Accounting & Financial Business Literacy for Small Businesses

You didn’t start a business to become an accountant.

But here you are—chasing receipts, second-guessing your books, wondering if you’re even doing this right. Meanwhile, professional accounting services are quoting prices that feel like another problem instead of a solution.

And thus Recounta was established. To free brilliant founders in Singapore from messy financials and tax compliance laws.

Whether you’re bootstrapping out of an Institute of Higher Learning (IHL) incubator or a startup owner raising your first seed investment round, we’re here to help you build the financial foundation all small business deserves with transparent bookkeeping and accounting.

Sounds Exciting? We Can Help

Testimonials

“Finally turning a profit”

We were struggling for 6 months until Recounta came in and fixed our prices and pitch deck.

“Pitch-Ready in 7 Days”

Recounta is a lifesaver. We were able to present our financials to investors and secure follow-up meetings through a clear cash flow projection and P&L. Our team literally had zero financials and scattered receipts before that.

“Grant-Ready in 14 Days”

We were able to submit our EnterpriseSG grant on time thanks to their ACRA/IRAS compliance map and grant-ready pack. They knew exactly what was missing and pointed us in the right direction.

Jonas Yang

Business Lead
SingTravels

Jenny Jennifer

CEO
HatGPT

Jean Jill

Journalist
Jackfruit Jams

Clientele

Companies who have benefitted from our bookkeeping and accounting services.

Services

Be Investor-Ready From Day 1

Complimentary Financial Consultations

Running a lean business shouldn’t mean compromising on quality accounting. Get a clear picture of your financial health plus a practical bookkeeping, tax compliance, and accounting systems roadmap for FREE to get started.

Hands-On Accounting Support

No generic packages or one-size-fits-all templates. From foundational accounting to tailored financial strategies, explore solutions that stop cashflow leakages and boost revenue generators.

Book Consultation

Financial Guides

TAXES

INVESTOR PITCH

CASHFLOW

October 3, 2025

Consequences of Late ACRA Annual Return and IRAS Tax Filing

FAQs

What accounting services do Singapore SMEs usually need?

To answer this question, we must first understand what accounting comprises of. Most SME owners make the mistake of thinking that accounting is just about submitting tax forms once a year, but it’s slightly more complicated than that. Best accounting practices usually include monthly preparation for financial statements, IRAS corporate tax returns, ACRA annual returns, and GST filings so that things don’t become overwhelming right before the deadline.

When do I need to file my corporate tax return?

Estimated Chargeable Income (ECI) is due three months after your financial year ends, and Corporate Income Tax Return on 30 November every year. This applies even if your company has made a loss or was inactive. If you don’t remember anything else, always keep these two deadlines in mind.

Do new companies qualify for IRAS tax exemption?

Yes, IRAS offers a tax exemption scheme for qualifying companies during their first three years of assessment, which can significantly reduce the amount of tax payable on the first portion of profits. It’s one of the most useful incentives for startups, but it only works if your accounts are properly prepared and your filings are done correctly.

Can I do my own bookkeeping instead of hiring an accountant?

Of course — and many founders understandably try to handle it themselves in the early days. The problem is that bookkeeping mistakes tend to show up at the worst possible moment, such as when authorities question a filing, when a late notice lands in your inbox, or when investors ask to see your books. By then, you may end up losing far more in fines or missed funding than it would have cost to get things done properly from the start.

Get In Touch

Recount Your Story

Reach out for a FREE 60-minute clinic to map out your financial needs.

Schedule a session