What is The Process of Changing Company Name and Registered Address?

1. What is The Process of Changing Company Name and Registered Address? Since every business or company established in any part of the world requires a range of services on starting, it can highly benefit from associating with good accounting service Singapore. Singapore has gained name as being one of the easiest cities to do a business all around the globe. It is reputed as an accounting hub in Asia. Before investing in or acquiring any new business, it is essential to contact a good firm who has a diversified experience in dealing with the due diligence Singapore. Due diligence Singapore is an essential process to complete even if acquiring a business from some relative or friend. It gives the acquirer a detailed insight into the information which is presented on the financial statements of the company which is to be acquired. Corresponding Address Vs Registered Office Address As the Singapore law, the IRAS are required to send all Income Tax Forms and notices to the registered address of the company. They cannot send any form or notice to any correspondence address as it is not the company's registered address as per ACRA's records. However, if the company wants the forms or notice to be sent to the correspondence address besides current registered address, one has to update it first as the Company's registered address with ACRA. How to update IRAS for urgent matters? If you are looking for a quick tax refund or correspondence from the IRAS shortly (Inland Revenue Authority of Singapore.) , it can be executed on immediate basis by dropping an email for the same to IRAS and informing them about the update particulars specifically. For speedy and flawless execution of the process, associating with business advisory company in Singapore is important. They have qualified officials who can effectively handle tasks adequately and offer valuable advisory for the task to allow speedy delivery of service. Further make changes in Financial Year End

2. To make an update on the changes of its financial year end, it is to be informed to the ACRA and IRAS. To do so, it must be first informed to ACRA by filing a notification for change of Financial Year with ACRA. It is important to inform the IRAS on the change in financial year end as only after this will the organization send the ECI a notification letter for assessment purposes. The financial year end changes filed with ACRA do not get transmitted to IRAS. But, reports are that the two organization are working together to transmit the information in the coming future. This is mainly undertaken to have a common point for obtaining company details. Changes in the Principle Activity Any amount of change in the company's new business activity must be informed to the IRAS as such changes are used for tax assessment purposes. This change too is recorded with ACRA and is not transmitted to IRAS. The best step however, for any business in Singapore is to get associated with any accounting service in Singapore service provider.