Quality Service Beyond Expectations

Our Services

About Us

We are a medium-sized firm of Chartered Accountants (CA) in practice for nearly 50 years. We are dedicated to looking after the needs of multinational corporations and high growth small and medium-sized businesses and individual taxpayers. We offer a full range of auditing, accountancy, taxation, corporate secretarial and business advisory services and give a service which is professional, personalised, friendly and value-for-money.

International Affiliations

Heng Lee Seng LLP and our tax practice HLS Tax Advisory Services Pte Ltd are the Singapore affiliates of the following international accounting and tax organizations:

MSI Global Alliance logo
TCPI logo

Through our global affiliations, we can provide our clients with resources that are typically available only from a large international organization, but with the personal service and attractive cost structure of a local firm.

We have been working with HLS for accounting and tax matters for more than a decade and they have not only provided outstanding services and support but also a great deal of local business knowledge which was crucial to our success.

Thomas Nauer, CEO – Solis of Switzerland Ag

News

GST Updates

Missing Trader Fraud (“MTF”) MTF is a fraud scheme used by crime syndicates to defraud tax authorities of GST. Effective from 1.1.2021, a GST registered trader will not be allowed to claim GST input tax on supplies made to him which he knew or should have known are...

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Budget 2021 Corporate Tax Highlights

Extension of Job Support Scheme (JSS) Firms in Tier 1 (Aviation, Aerospace, etc.) and 2 (Food Services, Retail, Marine and Offshore, etc) sectors will have the support of JSS covering wages paid up to September 2021.   As JSS grants are tax exempt, businesses would do...

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FRS 109 Tax Treatment – Impairment on Trade Receivables

Under FRS 109, impairment allowance on trade receivables would be measured as follows: Only impairment losses recognised in the profit and loss account (“P&L”) in respect of credit-impaired financial instruments on revenue account (such as trade receivables) are...

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Audit Exemption

With recent amendments to the Singapore Companies Act – The Companies (Amendment) Act 2014, a significant number of companies that previously required an audit will no longer need to do so.

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