A company has all the power to do whatever they want and choose how they conduct operations. However, some things might be too much work or require help from external agencies, such as an audit services company in Singapore that handles finances and other taxation concerns.
People have questions about this thing, and we will answer them in this article to help them understand the fundamentals and anything else they wish to learn.
QUESTION #1: WHY HIRE EXTERNAL AGENCIES?
In the world of business & finance, some departments in an organisation have limited skills & expertise. For instance, the human resource staff only deals with payroll, employee relations, and many more related things. Moreover, increasing their work or establishing a separate team for audit concerns might be costly, so the company is better off trusting an agency or professional to handle these concerns.
QUESTION #2: DO THEY OFFER OTHER SERVICES?
It depends on the company because some focus on one niche, while others offer different services, such as EP renewal for foreign professionals working in Singapore or government duties that help the company comply with regulatory papers. You should examine what they offer and assess whether they align with your needs as a corporate client. (Tip: It is your call if you wish to hire two different companies or find an all-in-one firm for your financial and legal demands.)
QUESTION #3: WHAT ARE THE RED FLAGS?
Many things indicate that a company is not worthy of your trust. The first one is the lack of results and a portfolio that shows their experience with different clients. In some cases, companies are new and starting, but you can see the difference between a work in progress and someone who does not deliver. Second, they seem a bit pushy with their services. For instance, they suggest something more expensive that you do not need, which indicates their desire to milk your money.
QUESTION #4: ARE THEY WORTH IT?
Yes, because if you think about it, you need to handle finance and tax concerns with a professional or an agency that knows these things. Not to mention but some might even help you with a couple of Singapore company registration and arrangements for your foreign employees, and that saves you time when you are unfamiliar with these things.
Paul Hype Page & co offers Singapore employment pass renewal and other corporate services for companies who wish to get the job done. Visit their website, explore their services, and contact them for further inquiries that may need some of their answers.