Audit & Assurance
Reliability and fairness of financial information are crucial in gaining the trust of customers, lenders and investors.
At Kong, Lim & Partners, our core audit and assurance practice is committed to quality and personalised service. Our audit teams are equipped with sound technical and management skills to allow us to achieve audit efficiency. Whilst assisting our clients to identify their risks and manage them effectively, we also support our clients in growing their businesses.
Our Audit & Assurance Services include:
Statutory and Regulatory Audit
Fulfilling each and every of our clients' requirements, we carry out our statutory audits with utmost efficiency and emphasize on the timely preparation of financial statements for our clients.
Internal Audit
Highlighting the importance of corporate governance, we will help our clients in the planning of internal audit roadmap and executing the plan, identifying risk areas in our clients' organisations. We constantly assist our clients in adjusting and improving business operations to meet the challenges of the fast changing economy.
Special Audit
We provide special audit services such as:
At Kong, Lim & Partners, our core audit and assurance practice is committed to quality and personalised service. Our audit teams are equipped with sound technical and management skills to allow us to achieve audit efficiency. Whilst assisting our clients to identify their risks and manage them effectively, we also support our clients in growing their businesses.
Our Audit & Assurance Services include:
Statutory and Regulatory Audit
Fulfilling each and every of our clients' requirements, we carry out our statutory audits with utmost efficiency and emphasize on the timely preparation of financial statements for our clients.
Internal Audit
Highlighting the importance of corporate governance, we will help our clients in the planning of internal audit roadmap and executing the plan, identifying risk areas in our clients' organisations. We constantly assist our clients in adjusting and improving business operations to meet the challenges of the fast changing economy.
Special Audit
We provide special audit services such as:
- Due Diligence
- Special Investigations into Irregular and Fraudulent Activities
- Audit of special purpose financial statements
- Lucky draw audit
- Major Exporter Scheme (MES) audit
- Review / Compilation of financial statements
Tax & Legal
In today's dynamic and challenging global economic climate, effective tax planning and advice is critical to every business, and hence the importance to align tax strategies with business needs. This is particularly so for companies who operate substantially globally and find themselves perplexed by various tax rules and regulations in unfamiliar territories.
We are committed to maximizing your long-term tax savings and benefits. We will be your business partners in planning and developing your tax strategies to effectively reduce your tax exposure within the tax framework.
Our Tax and Legal Services include:
We are committed to maximizing your long-term tax savings and benefits. We will be your business partners in planning and developing your tax strategies to effectively reduce your tax exposure within the tax framework.
Our Tax and Legal Services include:
Accounting & Outsourcing
New start-ups or companies wishing to concentrate on their core business can outsource their financial and accounting functions to our business outsourcing. Our services are popular with SMEs because we bring greater depth to what is commonly known as general accounting. We will identify your management information needs and we go beyond the basic by customizing the management report format according to your specifications.
Our professional accountants are well equipped to deal the mundane and routine but necessary duties for you, thus allowing you to spend your time on more pressing and strategic issues to help your business stays competitive. Leave the general accounting to us, you just concentrate on growing your business.
Our accounting & outsourcing services are divided into 3 core categories:
Our professional accountants are well equipped to deal the mundane and routine but necessary duties for you, thus allowing you to spend your time on more pressing and strategic issues to help your business stays competitive. Leave the general accounting to us, you just concentrate on growing your business.
Our accounting & outsourcing services are divided into 3 core categories:
Corporate Secretarial
For a company incorporated in Singapore, it is a statutory requirement that Directors ensure their company’s secretarial records are properly maintained. In order to comply with this legal requirement, there are various company documents a company must prepare in accordance with the Companies Act, and lodged with the Accounting and Corporate Regulatory Authority (ACRA).
Catalyst Corporate Services Pte Ltd offers a comprehensive range of Corporate Secretarial Services, the scope of which include the following:
For a nominee annual fee, paid yearly in advance, our specialized company secretarial compliance service provides you with the security and peace of mind of having the company’s statutory books and annual returns systematically maintained. Clients who take advantage of this service are assured that all necessary returns and statutory requirements are completed on time, signed and lodged with ACRA.
Registered Office & Location of Statutory Records & Index of Member
Every company registered in Singapore must have its registered office in Singapore and this is the address where official documents and government correspondence are served. The location of Statutory Records and Index of Members is the place where the company’s statutory records are maintained. It need not be the same address as the company’s registered office, as often, the Statutory Records and Index of Members will be situated at the address of the Corporate Secretarial Agent.
Employment Pass Application Service
We assist in the application of the various professional employment passes for expatriate staff and dependent passes for their family members as well as work permits for foreign workers.
Permanent Residence Application Service
We also assist clients in their application for permanent residence in Singapore.
Corporate Advisory Services
We have the expertise, knowledge and experience to provide the following corporate advisory services, be it acquisition, divestment or remedial actions required by your business:
We also assist foreign clients in the registration of Representative Office in Singapore. The setting up of representative office in Singapore is not covered under the Companies Act or the Business Registration Act. A representative office is only required to be registered with the International Enterprise Singapore (“IES”) or the Monetary Authority of Singapore (“MAS”).
Representative Office in Singapore must comply with the terms and conditions stipulated by the IES or MAS. Representative Office is not allowed to carry on any business activities. It is strictly for promotion and liaison purposes carried out on behalf of its parent company.
Catalyst Corporate Services Pte Ltd offers a comprehensive range of Corporate Secretarial Services, the scope of which include the following:
- Formation of Private Limited & Public Limited Companies
- Formation of Company Limited By Guarantee
- Conversion of Sole Proprietorships/Partnerships to Private Limited Companies
- Conversion of Private Limited Company to Public Limited Company
- Assistance in Engaging Nominee & Independent Directors
- Registration of Businesses – Sole Proprietorship & Partnership
- Registration of Limited Liability Partnership
- Registration of Foreign Companies & Branch Office
- Registration of Representative Office
- Provision of a local resident Company Secretary for your Company
- Filing of Annual Returns & related Statutory Documents
- Change in Share Capital Structure, Transfer and Allotment of Shares
- Transfer of Shares
- Change of Directors, Managers, Auditors and Company Secretary
- Change of Registered Office Address
- Provision of Registered Office Facilities
- Change of Financial Year End
- Change of Company Name
- Change of Bank Signatories
- Opening of Bank Accounts
- Amendments/Alteration to Memorandum and Articles of Association
- Facilitation of meetings for Company Shareholders and Directors
- Closing of Sole Proprietorship & Partnership Firms
- Application of Business Licenses
- Application of Employment Passes & Other Related Work Passes
- Application of Singapore Permanent Resident
- Winding Up of Companies
For a nominee annual fee, paid yearly in advance, our specialized company secretarial compliance service provides you with the security and peace of mind of having the company’s statutory books and annual returns systematically maintained. Clients who take advantage of this service are assured that all necessary returns and statutory requirements are completed on time, signed and lodged with ACRA.
Registered Office & Location of Statutory Records & Index of Member
Every company registered in Singapore must have its registered office in Singapore and this is the address where official documents and government correspondence are served. The location of Statutory Records and Index of Members is the place where the company’s statutory records are maintained. It need not be the same address as the company’s registered office, as often, the Statutory Records and Index of Members will be situated at the address of the Corporate Secretarial Agent.
Employment Pass Application Service
We assist in the application of the various professional employment passes for expatriate staff and dependent passes for their family members as well as work permits for foreign workers.
Permanent Residence Application Service
We also assist clients in their application for permanent residence in Singapore.
Corporate Advisory Services
We have the expertise, knowledge and experience to provide the following corporate advisory services, be it acquisition, divestment or remedial actions required by your business:
- business valuation and acquisition;
- corporate finance and loan application;
- company restructuring and reorganization; and
- members voluntary liquidation & Creditors’ winding up services
We also assist foreign clients in the registration of Representative Office in Singapore. The setting up of representative office in Singapore is not covered under the Companies Act or the Business Registration Act. A representative office is only required to be registered with the International Enterprise Singapore (“IES”) or the Monetary Authority of Singapore (“MAS”).
Representative Office in Singapore must comply with the terms and conditions stipulated by the IES or MAS. Representative Office is not allowed to carry on any business activities. It is strictly for promotion and liaison purposes carried out on behalf of its parent company.
Management Consulting
Most companies start off with a dream of one day becoming successful. Some have dreams of listing on the exchange and others want to grow to be a multinational corporation. Whatever your aspirations, in this economic climate, not many achieve their dreams, either experiencing stagnant growths, under performance or business failure altogether. Seeking early advice is a first step in maintaining the sustainability of your business.
Yves Strategic Management is the consulting arm of Kong, Lim & Partners. Together, with our affiliates, we possess the experience, capability and network to assist our clients in achieving business excellence.
Our Management Consultancy Services include:
Financial and Operations Review
We conduct financial and operations review on your business with the sole aim to identify opportunities for improved performance, efficiency and effectiveness. This may be an entire business review or specifically targeted to tackle a single area of the business, such as working capital needs, profit improvement or operational efficiency.
Business Planning
The purposes of business planning are varied, but we help you materialize your strategies, expansion and future plans, translating these into financial figures, to enable effective appraisal. We also help businesses in the start-up process to address key issues to commence operations smoothly.
Joint Ventures
We provide guidance on negotiation on your joint venture transactions. With our global network, you can be assured of your strategic expansion needs.
Mergers & Acquisitions
Merging, buying or selling a business is not an easy process and we understand the emotional investment, financial risks and unexpected issues involved. By managing the M&A process for you, we save you time, which would otherwise impede the running of your normal business operations. Our commitment to you is to close a transaction optimizing your personal and financial goals and ensure a smooth transition.
Private Equity
With our local and global network, we help put you in touch with suitable private equity investors for your funding and expansion needs.
IPO Advisory
For companies with the intention to list on the Singapore Exchange, we can assist you in planning and preparing for this exciting milestone. Our scope of work includes preparation of your prospectus and board memorandum, advising on key issues and coordinating work with other professional advisors, such as the merchant bankers, solicitors and public relations firms.
Restructuring
We conduct corporate restructuring for companies who may want to consolidate their operations in accordance with their business strategies and future plans. We also advise on internal restructuring to improve efficiency and control.
Valuation
We conduct valuation on your business for the purposes of mergers & acquisitions, joint ventures and fund raising.
Yves Strategic Management is the consulting arm of Kong, Lim & Partners. Together, with our affiliates, we possess the experience, capability and network to assist our clients in achieving business excellence.
Our Management Consultancy Services include:
Financial and Operations Review
We conduct financial and operations review on your business with the sole aim to identify opportunities for improved performance, efficiency and effectiveness. This may be an entire business review or specifically targeted to tackle a single area of the business, such as working capital needs, profit improvement or operational efficiency.
Business Planning
The purposes of business planning are varied, but we help you materialize your strategies, expansion and future plans, translating these into financial figures, to enable effective appraisal. We also help businesses in the start-up process to address key issues to commence operations smoothly.
Joint Ventures
We provide guidance on negotiation on your joint venture transactions. With our global network, you can be assured of your strategic expansion needs.
Mergers & Acquisitions
Merging, buying or selling a business is not an easy process and we understand the emotional investment, financial risks and unexpected issues involved. By managing the M&A process for you, we save you time, which would otherwise impede the running of your normal business operations. Our commitment to you is to close a transaction optimizing your personal and financial goals and ensure a smooth transition.
Private Equity
With our local and global network, we help put you in touch with suitable private equity investors for your funding and expansion needs.
IPO Advisory
For companies with the intention to list on the Singapore Exchange, we can assist you in planning and preparing for this exciting milestone. Our scope of work includes preparation of your prospectus and board memorandum, advising on key issues and coordinating work with other professional advisors, such as the merchant bankers, solicitors and public relations firms.
Restructuring
We conduct corporate restructuring for companies who may want to consolidate their operations in accordance with their business strategies and future plans. We also advise on internal restructuring to improve efficiency and control.
Valuation
We conduct valuation on your business for the purposes of mergers & acquisitions, joint ventures and fund raising.
Business Recovery
Group reorganisations, informal arrangements and formal insolvencies are becoming increasingly common, especially so in this economic climate.
At Kong, Lim & Partners, we are committed to support stakeholders in troubled companies, to either turn businesses around or to provide corporate exit routes with the best possible value recovered.
Our Business Recovery Services include:
Members’ Voluntary Winding Up
A company may be perfectly solvent, but when it has served its useful life, shareholders may decide to realise their investments and venture separate ways. Under such circumstances, you can turn to us for advice in the systematic winding down of the solvent company by way of a members’ voluntary winding up.
Creditors’ Voluntary Winding Up
Sometimes a company may be in deep financial difficulties, and the directors may be breaching their fiduciary duties if the company continues to trade while insolvent. We can step in to ease the pressure of the directors from the relentless creditors, by offering them the solution of a creditors’ voluntary winding up. At the same time, we will protect the interest of the creditors and shareholders by the efficient realisation and fair distribution of assets at best value.
Compulsory Winding Up
Unlike voluntary winding up, which are approved or initiated by shareholders, a compulsory winding up occurs when a court orders that the company be wound up. The action may be commenced by a petitioning creditor usually on the ground of the company’s inability to pay its debt as and when they fall due. We, as qualified accountants and lawyers can assist creditors to recover the best value possible. We have the necessary experience to lessen your trauma in dealing with the intricate minefields of court procedures and legislation involved in the involuntary winding up.
Judicial Management
A potentially profitable and sound company may be insolvent, but so long as there is a chance to resuscitate the company, we can come to your rescue as judicial managers to nurse your company back into a going concern or to at least effect a more advantageous realisation of assets than in a winding up position. The advantage of a judicial management order is that creditors cannot, without the court’s consent, enforce their rights, during the period of the order. This will allow the company time to be rehabilitated or to continue to trade to complete its projects.
Schemes of Arrangement and Restructuring
One of our key aims in corporate recovery is to facilitate the recovery of salvageable companies. We are able to advise under-performing companies and companies with cash flow problems on turnaround restructuring solutions, liquidity investigation and workout, and schemes of arrangements to satisfy all parties.
Receivers and Managers
We understand the requirements of banks and other secured creditors in protecting their security and they could appoint us as receivers or receivers and managers. We may similarly be appointed by the court upon the application of the debenture holder or trustee for the debenture holders.
At Kong, Lim & Partners, we are committed to support stakeholders in troubled companies, to either turn businesses around or to provide corporate exit routes with the best possible value recovered.
Our Business Recovery Services include:
Members’ Voluntary Winding Up
A company may be perfectly solvent, but when it has served its useful life, shareholders may decide to realise their investments and venture separate ways. Under such circumstances, you can turn to us for advice in the systematic winding down of the solvent company by way of a members’ voluntary winding up.
Creditors’ Voluntary Winding Up
Sometimes a company may be in deep financial difficulties, and the directors may be breaching their fiduciary duties if the company continues to trade while insolvent. We can step in to ease the pressure of the directors from the relentless creditors, by offering them the solution of a creditors’ voluntary winding up. At the same time, we will protect the interest of the creditors and shareholders by the efficient realisation and fair distribution of assets at best value.
Compulsory Winding Up
Unlike voluntary winding up, which are approved or initiated by shareholders, a compulsory winding up occurs when a court orders that the company be wound up. The action may be commenced by a petitioning creditor usually on the ground of the company’s inability to pay its debt as and when they fall due. We, as qualified accountants and lawyers can assist creditors to recover the best value possible. We have the necessary experience to lessen your trauma in dealing with the intricate minefields of court procedures and legislation involved in the involuntary winding up.
Judicial Management
A potentially profitable and sound company may be insolvent, but so long as there is a chance to resuscitate the company, we can come to your rescue as judicial managers to nurse your company back into a going concern or to at least effect a more advantageous realisation of assets than in a winding up position. The advantage of a judicial management order is that creditors cannot, without the court’s consent, enforce their rights, during the period of the order. This will allow the company time to be rehabilitated or to continue to trade to complete its projects.
Schemes of Arrangement and Restructuring
One of our key aims in corporate recovery is to facilitate the recovery of salvageable companies. We are able to advise under-performing companies and companies with cash flow problems on turnaround restructuring solutions, liquidity investigation and workout, and schemes of arrangements to satisfy all parties.
Receivers and Managers
We understand the requirements of banks and other secured creditors in protecting their security and they could appoint us as receivers or receivers and managers. We may similarly be appointed by the court upon the application of the debenture holder or trustee for the debenture holders.
General Accounting
Our services are targeted at SME and new start-ups that may not have the technical expertise and knowledge. We provide analysis of the company’s performance as well as inform client of any compliant issues. For new start-up companies, we will assist to set up accounting systems, procedures and policies according to company’s environment.
Our approach is to review and understand the document process flow and system. We will plan and schedule working towards meeting deadline by adopting a systematic and cost effective process from data entry to completion of account.
Details of our basic accounting services are:
Our approach is to review and understand the document process flow and system. We will plan and schedule working towards meeting deadline by adopting a systematic and cost effective process from data entry to completion of account.
Details of our basic accounting services are:
- Assist to set up proper accounting systems, procedures and policies
- Prepare payment vouchers, provision of cheque signatory, banking of cheques
- Prepare financial reports & schedules:
- Monthly financial statement inclusive of:
- Balance Sheet
- Profit & Loss Statement
- Trial Balance
- Bank Reconciliation
- Fixed Assets schedule
- Debtor Ageing List
- Creditor Ageing List
- Goods and Services Tax reporting & returns submission
- Monthly financial statement inclusive of:
Ad Hoc Accounting
At Catalyst Business Consultants Pte Ltd, we have the resources to response to short notice to attend to any ad-hoc assignment.
Some of the works we carry out include:
Some of the works we carry out include:
- Clear backlog accounts or “messy” accounts
- Reconstruct accounts from incomplete records
- Take over accounting function on temporary basis, when a company is understaffed or in the process of restructuring.
Payroll Outsourcing
At Catalyst Business Consultants Pte Ltd, we offer our client professional advice, absolute confidentiality and timely delivery for your payroll and HR administration needs. This will minimize the hassle for your payroll & HR administration needs.
Our services include the following:
Our services include the following:
- Assist to set up employee database records
- Compute monthly salary and CPF
- Submission of CPF Form
- Prepare make-up pay claim by NSMan
- Prepare form IR21 for EP holders when they cease employment
- Printing of payslips
- Prepare form IR8A for your employees
