Two main groups of people that a business needs

Running a business as a startup is tough and many people know that. It takes up a lot of time and a lot of energy and you are not sure if it will even work out. You will end up spending a big bulk of your life just trying to get things off the ground.

What really makes it so tough is the inexperience of most founders in managing a business and also how to scale the business to the next level.

There are many things that you can do to learn how to grow a business. Every business is unique, there is not one size fits all when it comes to running a business.

But at the same time, there are pitfalls that are common and there are routes that are great short cuts that you don’t see when you can actually take if you have someone pointing out to you.

There are two groups of people that you need as your left and right hand people when it comes to running a successful business.

  1. Your accountantsThis are the people who will keep you reminded on over spending and whether you are profiting, are you doing well and able to go far and do better. This is important because the accountant will be the watchful eyes and also the adviser who will be able to tell you what to take note of and where to save money on.

    Accountants are also important to remind you that you business is either not profiting or cash burning too much somewhere.

    This people can make or break or change the course of your business for a longer runway and towards success so do not forget to have them in place.

    Also don’t forget that they can help you tax planning and save taxes too.

  2. Your lawyersNavigating in the business world is tough without someone telling you what you are doing is legal or not. Having someone on hand as an adviser is always great when it comes to making decisions and coming up with contracts.

    There are many things that the lawyers can help you to watch out for and this is also something that lawyers are great at. They will be able to make sure you are on the safe side in legal sense and make sure you don’t step into problems

 

K Cloud Accounting is a leading bookkeeping services Singapore company. Contact us to get a quote now!

10 tips for Singapore Startup founders

10 tips for Singapore Startup founders – Starting up is a tough thing to do. No one wants to jump into the deep end and try something out with no idea whether it will work out. Startups take up a lot of time and it needs a lot of effort and determination to bring your vision to life.

Starting up has its many difficulties but also through the many challenges one could learn a lot more about business and also about life in general.

We will like to share 10 tips for Singapore Startup founders that might helpful for the budding entrepreneur who just needs this little tips to tip the game in his/her favor a little more:

  1. Be prepared to be paid close to nothing for a few months

    Most people going into business assuming that they will take off and make good money within the first few days or weeks. But in actual fact, no one sees the years of the founders not making any money at all and suddenly hitting the jackpot and achieving great success.

    This periods are tough, especially for those who have family to feed. You must be prepared with some savings that will allow you to last for awhile

    Most founders do not prepare for this and when the time gets tough, they give up, but they might just be one step away from the success that they wanted. This is also one of the reasons why most startup fail, because most of the time the startups don’t fail, the founders fail.

  2. Have enough capital or raise enough to last at least 1 year in trying to fulfill the vision

    Most of the time, founders only prepare 6 months worth of runway for themselves, after which they are on the deep end of the pool and hoping that they do not die. That is the mistake that most people make. The problem with businesses is, it takes time for people to find out about you and learn about your business. And when the time is up, you have already burnt through your cash and is prepared to shut down.Starting up capital can either come from your own savings, finding an angel or raising funds early.

    But without much of a proven idea or product, no one will want to fund you. Be prepared to use your own savings to bring things to the next level, because if you do not work hard and pay for your own projects, no one will.Remember that the 1 year timeline is not hypothetical, usually for most startups, this is usually the case.

  3. Harden your skin when the doubters try to put your down

    Are you someone who likes to be loved by everyone around you? I am sorry you are not fit for the entrepreneurial world. In this world, you get scoffed at and doubters are going to doubt you at every turn. That good friend of yours will start to ask you why do you even bother and go find a proper job.

    Your usually very supportive family members might be the first to remind you that you are not young anymore and that all this “fooling around” should stop.We have been there and done that and we know what are the potential haters words and we just want to prepare you for the tough parts.Harden up, dig in and make it work. No one gets to a successful level without letting the haters hate and letting the doubters doubt.

    And when you “suddenly” become successful, the doubters will wonder why they doubted in the first place.

  4. Pick up sales skills

    As an entrepreneur, the single most important skill is to be able to sell. Either sell your product or service or sell to investors.

    Every other skill can either be outsourced or capabilities built in-house through hiring, but an entrepreneur that can’t sell should not even bother starting up at all.

    The single most important thing that you need to do is to go out there and find more customer, close them and bring the dough in.Even if your product is not something that can be sold easily, you need to sell your idea to potential investors for you to raise funds so that you can throw them at the problems you might have. If you cant sell, you are highly dis advantaged

  5. Talk to fellow entrepreneurs

    Fellow entrepreneurs are probably the most forgiving people because they have been through what you are going through right now.There are many mistakes that can be made and also many paths that can be avoided.

    For someone that is starting out, seek out this fellow entrepreneurs, let them give you an idea and a guide to where you should go and what you should look out for.This fellow entrepreneurs needs not be doing similar things, neither do they need to be in the same industry.

    Problems such as management, fund raising or even finding an office space might be things that will be of much help if you get advice and ideas from fellow young entrepreneurs who will be kind enough to spend time with you to guide you and help you to find an idea on how to get pass some of this problems.

  6. Find a mentor in the same sector/industry

    Fellow entrepreneurs might see problems that you don’t, but someone that has been through many years of entrepreneurship might be able to see way more than any of you can.Finding a mentor with the right skill sets and also experience is important, this person can give you an idea of how they became successful and what it takes for you to be.The mentor that you choose is also important because he or she can shape you up to become quite a different person with diverse views and this might change the course of your life going forward.

  7. Learn fast, change fast, maneuver fast

    There is a saying, fail fast so that you can get up fast. When you start a business, there is no such thing as a straight road to victory, you will meet challenges and you will have to conquer them one after another.Are you going to be able to learn fast and get up fast and change your plans. This is important for this fast moving world where being slow might mean that you do not have any more space to survive in this challenging world and market.

    When you fail fast, you recover fast, the faster you are at reaching your goal, never stop pushing and never stop trying, the hardest part in a business is the start, once you push through the initial periods, you will make it.

  8. Decide on whether to raise funds or get financingRaising funds means you lose equity but it also means that you will have money to keep growing and grow faster. Getting financing means putting your own money on the line, putting yourself forward.

    The decision is up to you because there is a period of time where you might have problems and might want to know that the money is not yours.

    Decisions like this will make or change the company because the fund raising will mean losing some form of control that some founders may not like.

  9. Have an end goal in mindWhat is the end goal. What are you working towards achieving, the vision is what matters and when you want to work towards an end goal with your startup, you should try to achieve something out of it.

    The whole point of it is to have a vision that you want to work towards, so you wont feel tired or give up half way because there is a goal you are working towards.

    Make sure it is clear, make sure it is workable!

  10. Enjoy the whole processCongratulations, you made it to point 10. The whole point of starting up is simple. You have a vision that you wanted to fulfill and no one else is doing it. You decide to start up to fill that space or to reach that vision.

    So why make it such a stressful process when you can instead learn to enjoy it.

K Cloud Accounting is a full suite management services company offering affordable accounting services in Singapore.

 

10 tips for Singapore Startup founders

Case Study: ALPS Creation Pte Ltd

ALPS Creation Pte Ltd is the holding company for the Annabel Law Productions brand.

This company is specialized in wedding photography, specifically pre-wedding and actual day wedding shoots.

The other services provided are boudoir photography by female photographer, graduation photography and family photography.

ALP Creation came to us needing help with converting from a Limited Liability Partnership (LLP) into a Private Limited Company (Pte Ltd).

LLP was a good choice for a startup business but as businesses grow, there is a need to protect yourself from liability issues and at the same time incorporating for the future.

The main concerns was the growing business with the growth of the team, which also complicates the whole process of accounting for the finances

The other reason was also making sure payments were made and monitored.

The team is currently 7 man (woman actually) and without a proper system in place for chasing of payment, payments could be missed because the number of jobs can be really hard to keep track.

There are a few reasons why this company chose Xero Accounting Software as their leading accounting software choice and also why they decided to use K Cloud Accounting as their choice accounting firm. We will now share a few of this reasons and walk you through how K Cloud Accounting can assist you as an entrepreneur to grow your business and also provide you with insights on how to improve the day to day running of your business.

K Cloud Accounting advised her and her team to make use of Xero to send quotations and invoices through their email system.

Instead of having to generate quotations through an excel spreadsheet and into a pdf format before sending them out to customers, the customer can now receive an email direct from Xero with the quotation presented nicely.

This saves precious time and also reduces possible mistakes since package prices are usually set and the Xero system is able to record packages and issue quotes based off the package the customer chooses.

XERO is also able to remind customers to accept the quotation if customers do not respond within a few days. This keeps the whole quotation and invoicing process very streamlined.

Not forgetting the feature of Xero being online, you could issue quotes and invoices and monitor the business on the go!

We look forward to working with more young entrepreneurs that have problems that will require our help and consultations.

Leaving the tough and tedious parts to us, you as an young entrepreneur can also make time to expand your business and grow your business. We are always keen to assist by the side and helping you achieve your dreams.

4 reasons to have a professional corporate secretary for your Singapore Company

4 reasons why you should have a professional corporate secretary for your Singapore Company – Every company requires a few set of key office holders. You will require the director of the company that will be making executive decisions and also run the day to day work of the business. There is also the shareholders who usually are the one funding the business and also own the business as it is running. They will in turn appoint the directors that will be in charge of running the business.

Director’s work closely to deliver results for the betterment of the shareholders equity and therefore receive a salary or bonus.

There is also another set of company officials that are important to the running of the business and also the best to advise on the methods of running it. The corporate secretary is a key person in the running of your private limited company and making sure a few things are done right before you go ahead with either growing or selling your business. Let us share with you the 5 reasons why you should have a professional corporate secretary for your Singapore Company.

1. The corporate secretary ensures your corporate governance is done right

For most business owners that are first time starting up, you will have no idea what are some of the key concerns that you might have when it comes to corporate governance. Corporate governance might not be that much of a concern at birth of the company or when you are not funded by someone else. But once the business starts to mature and when other parties start to join the company, the differences in having a good corporate secretary versus not having one can be very clear.

Corporate governance also ensures timelines are met, there are many legal timelines to follow to make sure the meetings are in effect and an experienced corporate secretary will be a good person to have when you as an entrepreneur is not too familiar with such legal timelines.

2. Deadline reminders for busy business people

When you are busy running your business, you might miss timelines such as your AGM and tax submission dates. The good thing about having someone who is ready to remind you will outweigh many things. The corporate secretary of a company receives reminders as well and usually have a system to keep track of all the deadlines of their customers. With a good system in place, they will be able to alert you when the time is up to submit your annual return, do your AGM and make sure you do not miss any of them that might incur you late fees.

For most people who receive emails and forget them, this service will be great from the corporate secretarial services provider.

3. Advise you on legality of actions

Timelines and dates are very important in a legal document. If you need to give notice for a meeting to be effective, you need to give that notice.

The Corporate Secretary is well versed in this time lines and will be the best to advice how to make sure all processes are done legally.

Whether someone can or cannot appear at a meeting is also important, the corporate secretary will be able to give guidance when such disagreements appear.

4. Neutral person when there are arguments

Most businesses have multiple partners and directors. As a corporate secretary, you are suppose to be a neutral party in any discussions.

The corporate secretary will be able to give a fair opinion for the directors and shareholders to make decisions that will allow the best for the company and also for the shareholders.

The corporate secretary will also have to take the side of the company and not any of the members of the shareholder and directors.

 


K Cloud Accounting provides high quality corporate secretarial services in Singapore for Singapore startups and SMEs.

Contact us to find out how to work with us today!

4 reasons why you should have a professional corporate secretary for your Singapore Company

How to legally save/reduce your Singapore personal income taxes in 2019

How to legally save/reduce your Singapore personal income taxes in 2019 – Common question asked by many people in Singapore especially since the year has ended for the year of 2018 and we have about 3 months plus to start worrying about how much taxes you are needed to contribute to the building of our nation!

According to the IRAS website: https://www.iras.gov.sg/irashome/web/pages/taxCalendarListing.aspx , the due date for your personal income tax is 18 April 2019, for those who are not into e-filing, 15 April 2019 is the deadline for paper filing! So remember this date and do your filing as soon as possible, preferably now!

If you are filing through e-filing, here is the link: https://mytax.iras.gov.sg/ESVWeb/default.aspx

With the links provided and aside, lets start on the ways of How to legally save/reduce your Singapore personal income taxes in 2019, while we explain how Singapore’s tax works.

singapore personal income tax rate

Singapore personal income tax rate from IRAS website

Singapore follows a progressive income tax system where the lower income group pay little or no income tax whereas the rich will pay more of a percentage of their income as taxes. Taxes contribute to the public goods that everyone in Singapore uses. Singapore mainly derives her tax revenue from personal income tax, corporate tax and goods and services tax.

So based on this chart for those who make an income below $20,000 is exempted from paying any tax.

Whereas someone with an income above $320,000 pays 22% of the subsequent amounts in personal income taxes.

So lets take a scenario where you are a desk bound job holder working in the CBD making $3,500 per month.

Based on that figure: $3,500 x 12 = $42,000, your tax rate will be ($550 for the first $40,000) + (7% x the remaining $2,000) = $690

*did you know you do not need to pay your income taxes at one go and instead could pay through GIRO monthly? Use this link to do it: https://www.iras.gov.sg/irashome/Quick-Links/Payments/Applying-for-GIRO/*


So for someone who makes in excess of $40,000, the tax rate starts to climb sharply and there are legal ways to reduce taxes, this is very different from evading taxes! Do not confuse the two different terms. Also note that the best way to reduce taxes is actually to do your tax planning earlier on in the year. Your tax is calculated from the 1st of January of the year to the 31st of December of the the year being assessed. So even if you missed out on doing some of this moves in 2018, read this article and do something about reducing taxes in 2019!

So lets begin.

1. Contribute more into your personal or your parent’s CPF account

Everyone in Singapore who holds a full time job in Singapore contributes to their on personal Central Provident Fund savings. (CPF) So this is also one of the main means of savings for your retirement.

The ordinary wages limit for contribution is $6000 for CPF. And the annual voluntary contribution limit is $37,740.

You could contribute to your parent’s CPF accounts to increase that limit because remember, when you contribute to CPF, you get to get some relief from it.

 

2. Donating to a charitable cause

Not every charitable cause is tax deductible. For those that are clear cut deductible, make sure they are institutions of public character: https://www.charities.gov.sg/setting-up-a-charity/Pages/About-Charities-And-IPCs.aspx

Donations can be counted as relief for you to reduce your tax burdens for the year.

So make more donations to causes you care about today! Oh and don’t forget the official receipt as proof.

3. Claim NSmen relief if you’re married

If the husband is a key appointment holder, you can claim up to $5,000 of relief, and for the married person, wives can claim $750 relief on their income.

Of course the relief amounts are higher for Key Appointment holders and also when they are active. For those who are not familiar, here is the link to learn more about NSmen relief and also spouse relief for NSmen: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/NSman-Relief–Self–Wife-and-Parent-/

 

4. Working mother child relief

For anyone who has studied Singapore taxes and tax relief, the working mother child relief (WMCR) is definitely the single most effective and powerful tax relief anyone can get.

As the name implies, you need to be a mother and have a child. Either you own, or adopted. Sorry gentlemen, this doesn’t apply for you.

So according to the link on IRAS website for this relief: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/Working-Mother-s-Child-Relief–WMCR-/

The Working Mother’s Child Relief (WMCR) is given to:

  • Reward families with children who are Singapore Citizens
  • Encourage parents to take up Singapore citizenship for their children
  • Encourage married women to remain in the workforce after having children

Single or male taxpayers are not eligible for this relief.

Child Order WMCR Amount
1st 15% of mother’s earned income
2nd 20% of mother’s earned income
3rd and beyond 25% of mother’s earned income

So the amount of a mother’s income that can be deducted can be seen from the table above. For the first child you get to deduct 15% of the amount of earned income to be taxed, the second child you add another 20% and 25% for the 3rd child onward. Do note that there is a cap on the amount of relief you can claim on a child and also the amount you can claim personally, so there is a limit to this!

5. There is a relief cap for total tax relief

Currently the tax relief is capped at $80,000. So the ones that are affected will be those who are definitely making more than $80,000 a year and able to claim a relief of more than $80,000.

Here is the link for the relief information: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals–Reliefs–Expenses–Donations-/#title7

 


Here are 5 easy ways to help you legally reduce taxes if you’re making an income from either a salaried job or a directorship.

For self employed persons or business owners, there are ways where you could use the startup tax exemptions of Private limited companies to reduce taxes legally as well. There are also expenses that can be legally claimed if you decide to start up a business at home and contribute towards corporate taxes instead of personal taxes.

K Cloud Accounting Pte Ltd is a full suite services company that works with companies from all kinds of industry in Singapore. We work closely with Startups to provide the best advise for their growth and work along side them to grow their companies and capabilities.

If you are keen to get some assistance on tax advisory services or tax planning services, do set up a meeting for discussion.

How to legally save/reduce your Singapore personal income taxes in 2019

How Xero Accounting Software saves you time and money

There are many cloud based accounting software in the market right now. Accounting has over the years really changed a lot from the days when paper and pen was used and also when beads are suppose to mean something in calculation. We have slowly translated to using real books to keep track of numbers of transaction and also who it was transacted with and now we moved on to software on the computer that is based on the hard drive or server. We slowly evolved into online based platform where customers are able to check on accounting details as and when they want to.

Xero Accounting Software is slowly becoming one of the leading software in Singapore because of various reasons that we will like to discuss with our potential customers. We will also like to share how we as Xero Advisors could take advantage of this software to provide high quality accounting services for our customers who require high level of standards when it comes to accounting requirements.

1. Bank Reconciliation done digitally

Any accountant will know that the toughest part of doing bookkeeping is the actual work of doing bank reconciliation. The bank records need to tally with the cheque records and also your invoices and this process is very time consuming. With many bank statement pages, comes way more work to trying to tally every transaction.

Most of your time is spend doing something that can be easily done by technology and this is where Xero Accounting Software Singapore helps to cut down on the actual time needed for accounting and bookkeeping work using the bank reconciliation function it has with the banks in Singapore.

UOB and DBS are currently linked up and OCBC is going to join in soon. We look forward to more banks working with XERO to provide this service for Xero Clients.

2. Ease to invoicing and quotations

Startup founders and young businessman do not like to have to go back to office just to get invoicing done. Most business people are on the move all the time. How best it is to have the invoicing and quotation process done easily with an application.

Xero accounting software is able to assist with such needs through a smart phone application that can be used to issue invoices and quotations on the go.

The application is easy to use and has quite a number of flexibility in allowing you to customize the look and style of the invoice and also to be able to input email address for your customer to easily accept the quote through your emails.

3. Around the clock and around the world access

When you are someone who goes around the world a lot to do business, the easy thing to monitor your business is to have access to this data world wide. How best than to have the information in the cloud. Xero is a cloud based accounting software that you can access from anywhere around the world as long as you have internet access. Go through your web browser for the full accounting software or use the application to do most of the basic accounting work that you need to carry out.

There is also 2FA functions that allow you to have added security when it comes to making sure your accounting data do not get leaked because of a misplaced password.

 


 

K Cloud Accounting is glad to assist you if you require help and training for your Xero accounting software. We are accounting services providers who are keen to work closely with you to deliver high quality work for your company in Singapore.

Contact us to find out more about how we can work together to assist you in your management service requirements.

 

Hopes and Wishes for Singapore Budget 2019

2018 was quite a normal year for most businesses in Singapore. What wasn’t really normal was the trade war that has affected the businesses that are directly engaged in the crosshairs of both China and the USA and that would be those involved in trading. With such headwinds still building up with not much of a clear sign of clearing up, we expect things to remain equally challenging for those in the trading sector.

Oil and Gas hasn’t seen much of a big gain and has been fairly still on the low side and with the recent fall of oil prices, unlikely to make much of a recovery this year with the trade war still pretty much in full swing.

The world economy has shifted towards autonomous production and services. Gone are the days where industries that rely on high volume of manpower continue to rely on high volume of manpower.

Singapore will continuously face the challenges of the new world where production and services get lower in cost and price pressures will be to reduce prices overall. We will see some of the lower level jobs slowly move overseas even further and also some financial jobs that are more basic to start shifting to our neighbours.

Some of the businesses in Singapore are therefore seeking assistance and we are looking forward to a few things from the upcoming budget and hope to see good progress for the nation from it:

1. Continuing its support to digitize the economy

The economy which has its main focus in services especially financial services will need to keep growing to keep the economy of the country going strong. The government has over the years supported the digitizing of the economy and we hope to see more being done on this portions to help other service sector businesses to grow further down the digital stage. With the advent of E-Commerce, more and more retail businesses are suffering great competition and could really need some help with going online.

2. Supporting those who have to and need to shift overseas to cut cost

High cost in terms of manpower and land in Singapore is pushing most factories in Singapore out. There are barely any space left for Singapore manufacturing to chug ahead, for those that are low margins, the government could provide some support through its agencies to assist those who were to choose the option of moving out to help them set up overseas.

3. Sector based manpower deployments

Manpower is still very tight in Singapore and everyone knows that its tough even for the government to get it right. We should really look more closely into not just sectors but also into specific industries where Singaporeans are really not seeking jobs in and help to supplement with foreign labour, if not we are really stuck in the cycle of not being to deliver much because of the manpower limitation.

 

Looking forward to a good budget!

 

What are some of the advantage of hiring payroll services

What are some of the advantage of hiring payroll services – Hiring payroll services has become quite a common move by businesses in Singapore for the past 5 to 10 years. Gone are the days when you run most of the administration services in your own office. Many business owners have found that it might be more advantageous to outsource portions of the business to cut cost and also to improve the productivity on the dollar they pay for the services to be done up.

Advantages of hiring payroll services cannot be seen up front but there are a few of them that we will like to discuss with you:

Advantage 1: Saves cost by hiring payroll services

Do you have to get an administrative staff right now just to get your payroll work done and that will cost you easily a few thousand dollars for a fresh graduate. The funds can be better spent in marketing and other means of growing the business if you outsource it for probably a fraction of the cost.

The best thing about outsourcing your payroll services is that you reduce monthly overheads and this is one thing that makes or breaks business in their infancy.

Outsourcing the services out helps you to grow and grow better!

Advantage 2: Changes from the government are updated by hiring payroll services providers

Is your payroll staff aware of all the changes that the government announces every year? Some things can be big mistakes if you do not react to them and this is one thing that can go very wrong if you are on the wrong side of the law.

Payroll Services providers will ensure that they are on the ball in knowing what are the changes and therefore work to ensure that you have the most updated information for your submissions.

They are the professionals who stay abreast on the information and thus ensures that all your work is delivered to the highest quality possible.

Advantage 3: Hiring payroll services providers improves your time efficiency

As an entrepreneur, will you rather want to make more income or bother more about administrative work?

If i were you i will choose income and making more of it. Doing sales and branding the company to go a long way should be the main focus of the entrepreneur.

It makes your time more worth while and that means more time with planning and strategy.

 


K Cloud Accounting is one of the leading payroll services providers, if you are keen to find out more, contact us!

 

What are some of the advantage of hiring payroll services

K Cloud Accounting Launches $388 incorporation package

Happy New Year to customer old and new. 2018 was a challenging yet fulfilling year, with the start of K Cloud Accounting, a Subsidiary under Koh Management Pte Ltd, we have managed to gain a foothold in the startup accounting space.

In the year of 2019, K Cloud Accounting will like to take this opportunity to share with our customers that we will be launching a $388 incorporation package that is inclusive of $315 paid to ACRA for registration.

How do you enjoy such a package? You are to join us as a full suite accounting + corporate secretarial + tax package that starts from a very affordable $160 per month.

We are able to do your monthly bookkeeping, give advise on your corporate governance and at the same time worry about your tax submissions for you!

Why you should go ahead with monthly bookkeeping services you may ask?

1. You do not need to worry about losing your documents

The worst thing that can happen is when you lose your supporting documents at the end of the year and is unable to find them. You don’t have documents to attach and that is bad because you might end up not being able to claim expenses on items that might cost quite a bomb. Getting your suppliers to print them out for you again might prove troublesome and this is a bad situation for any business.

Getting them sorted out every month means that you will not need to worry that much and get things done without fearing of losing them

2. You get updated of your business progress every month

You need to know if you are making good progress every month, how best then to get your accounting done monthly. This also means that you will be able to give your investors progress reports that will keep them interested and happy with you every month. The seasoned entrepreneurs might also be able to give advise if they are familiar with accounting documents and help you save a cent or two.

Contact us to find out more about what you can get out of this package now! Incorporation services done fast and affordable! Outsource bookkeeping services today!

Thank you for the good year of 2018 and looking forward to 2019

Thank you to all customers and friends of K Cloud Accounting. 2018 was the actual founding year of this new startup accounting company and we are glad to say that we have went through quite an eventful year to achieve Silver Status within this short period of time.

Our customers trusted us and worked closely with us to get their accounting, corporate secretarial and tax work outsourced to us through our package price.

With the new year coming, we are looking forward to reach the gold status by the end of the year with a much faster growth in customer count and also with it support staff count.

We are targeting to grow our head count by at least 2-3 more to better serve our customers this year.

We will also be coming up with a series of referral packages to encourage our customers to introduce their friends and family to us.

In this coming year, we expect business conditions to be a little tougher than before with rising interest rates in the western world and also the trade war causing things to tighten on the trading front. There are still many opportunities in the technological startup scene as well as fintech scene where Singapore stands to have a strong advantage in.

We work closely with startups from all walks of life and we wish to continue this close partnership with all startups and SMEs alike in Singapore.

K Cloud Accounting will like to thank everyone from all walks of life for helping us in this road to assisting more companies in delivering high quality accounting services and corporate services for the startup world.

Wishing everyone a happy new year and a great 2019 ahead!