Published on 07 November, 2024 In 2018, three professionals with extensive audit firm experience came together to form SHORTS Business Services with an ambitious plan: they sought to establish a boutique accounting firm in Singapore that goes beyond conventional corporate models. Capitalizing on their extensive industry expertise, the two founders established SHORTS as an inclusive one-stop solution for both SMEs and individuals seeking top-quality corporate services. SHORTS was formed out of their desire to make professional services accessible and seamless so that businesses could stay compliant and efficient amid increasingly stringent regulations. Our Philosophy: “Happy Customers, Happy SHORTS” At SHORTS, we believe happiness and success go hand in hand, which is why our motto is “Happy Customers, Happy SHORTS.” This philosophy serves as the cornerstone of everything we do. It’s more than just a motto–it defines how we approach projects, meetings and relationships. We take great pleasure in offering top-quality services, but more than that, we truly enjoy helping our clients. From simplifying accounting practices, handling tax matters or assuring compliance obligations – whatever their need – to giving peace of mind knowing we have them covered, this philosophy informs all interactions between ourselves and clients, striving for each interaction to be positive and productive. SHORTS stands apart by going beyond simply crunching numbers – we strive to form lasting relationships and help businesses flourish smoothly. Our dedication and pride in what we do sets us apart. Comprehensive Accounting Services for SMEs and Individuals At SHORTS Business Services, we provide accounting and bookkeeping services designed to meet the unique requirements of both small and midsize enterprises (SMEs) as well as individuals. Managing financial records can be time-consuming and taxing when running a business. Let us help by offering expert assistance that ensures your finances remain organized, compliant, and up-to-date. Accounting and Bookkeeping Expertise Our team consists of experienced accounting and financial management professionals with diverse expertise. No matter if it is an SME needing complex financial assistance or individuals seeking personal accounting support – we have what it takes to meet all your specific accounting needs. Our accounting and bookkeeping specialists handle everything from creating financial statements and overseeing ledgers, tracking expenses and paying payroll to processing tax returns and much more. When outsourcing these tasks to us, you gain access to industry expertise, which ensures your records are managed precisely and carefully. As each business is unique, we create accounting solutions specifically tailored to accelerate the growth of your business. From bookkeeping support and tax season accounting services to long-term solutions, we’re here for you every step of the way! Ensuring Compliance and Accuracy Compliance is of utmost importance for every business, and at SHORTS, we understand its significance. Our team is well-informed of new regulatory requirements and accounting standards to help your firm remain compliant with local laws; taking this proactive approach not only prevents penalties but gives peace of mind that all financial records remain in order. We ensure accuracy in every step by meticulously maintaining financial records and helping our clients reduce any mistakes that could cause discrepancies or audits. From tax filings to meeting regulatory deadlines, our services ensure everything gets completed the first time, allowing you to focus on expanding your business with peace of mind. Advantages of Outsourcing to SHORTS Outsourcing accounting and bookkeeping services to SHORTS brings many advantages that will transform how you manage your finances. As your trusted business partner, we help you take away some of the burden associated with complex financial tasks so you can focus on running your core operations more easily. Our services not only improve accuracy and efficiency but also ensure compliance and mitigate risks – here is how outsourcing to SHORTS could benefit your business: Expertise Working with SHORTS gives your company access to our team’s extensive expertise. With decades of accounting and financial management experience across businesses of various sizes, our team knows all the latest accounting practices, standards, and regulatory requirements that must be abided by in order to keep financial records accurate and up-to-date. Cost-Effectiveness Management of an accounting team can be costly, especially for small to medium-sized enterprises (SMEs). Recruitment costs, training expenses, salaries and employee benefits quickly add up – outsourcing your accounting functions can significantly cut these overhead costs – with flexible services made specifically for your business requirements, allowing only pay for what services they need versus the burden of overseeing an internal team. By outsourcing to us we can significantly cut these overhead expenses without adding burden or additional stress of internal staff management to your shoulders. Outsourcing also gives your business the flexibility to scale its accounting services as its needs increase, without needing to hire additional staff if your financial requirements increase. SHORTS professional accounting experts will handle this transition seamlessly without disrupting operations or the flow of funds. Compliance and Risk Management Compliance is of utmost importance in Singapore’s financial regulations. SHORTS is here to ensure your company abides with them all, mitigating risks of noncompliance and any penalties attached to noncompliance. Our regulatory experts provide updates as new laws emerge so we can make sure your financial records comply. Additionally, we implement strong internal controls to safeguard your financial data against errors, fraud or unauthorized access. Our proactive compliance and risk management ensures we maintain the integrity of your information while guarding against unnecessary risks to your business. Leveraging Advanced Technology for Efficient Accounting SHORTS Business Services recognizes that the accounting landscape is rapidly evolving with technological innovations. That is why we leverage cutting-edge tools and software to deliver efficient, accurate, and secure accounting services to our clients. By integrating advanced tech into our processes, we help businesses streamline financial management while offering real-time insights into their financial well-being. State-of-the-Art Accounting Tools As part of our efforts to provide our clients with efficient services, we use cutting-edge accounting tools and software designed to simplify bookkeeping, tax preparation and financial reporting. These time-saving tools automate time-consuming tasks like data entry, transaction tracking,