Joy Assurance PAC, Public Accountants and Chartered Accountants of Singapore, provides Statutory Audit services to a wide range of industries, small-and-medium-sized enterprises and established firms. Joy Assurance PAC has supported a wide range of clients, from family businesses to subsidiaries of international firms.

These include, but are not limited to the following:

• General Ledger
• Bank Reconciliation
• Accounts Payable Ledger
• Financial Analysis
• Accounts Receivable Ledger
• Fixed Assets Ledger
• Cash Flow / Budgeting
• Financial Statements & Reports Monthly, Quarterly, Year-End Review
• Management Reporting

JMS provides quality Corporate Secretarial services that meet your company's regulatory compliance requirements with the Accounting and Corporate Regulatory Authority (ACRA). These include:​

• Company Incorporation
• Safekeeping of Company Common Seal
• Maintaining the Minutes and Register Books
• Drafting of Directors’ Resolutions and Minutes
• Compliance with relevant legal requirements, particularly under the Companies Act and Income Tax Act
• Preparation of Annual General Meeting (AGM) minutes
• Filing of Annual Return to ACRA
• Capital Reduction

Over and above these, we also provide corporate secretarial advisory to drive your business forward.

We assist you with the drafting and compilation of financial statements in accordance with Singapore Financial Reporting Standards, to be used by investors, banks and other stakeholders.

Financial Statements need to be customised professionally to suit each business with its unique operations. The customisation includes the passing of relevant accounting adjustments, and relevant accounting disclosures in accordance with Singapore Financial Reporting Standards, to be signed off by the Directors. There is no one-size-fits-all approach to the drafting of financial statements.

At JMS, we ensure that your Singapore tax compliance matters are taken care of in a smooth and hassle-free manner.

We go a step further and provide you with insightful perspectives on Singapore tax-related matters to aid you in making better-informed decisions in the course of your business.

Be it an everyday business transaction, a potential acquisition, sale of investment or queries raised by the Inland Revenue Authority of Singapore (IRAS), we are here to assist you in addressing any Singapore tax issues which may arise therefrom.

Following from the above, we provide a comprehensive range of Singapore taxation services which include, but are not limited to:

• Singapore Corporate Income Tax compliance services
  1. Computing and filing of Estimated Chargeable Income with the IRAS;
  2. Preparation and filing of the annual income tax computation and income tax return with the IRAS;
• Other service
  1. Preparation and filing of Singapore withholding tax returns; and
  2. Review of tax provision and deferred tax for purposes of preparing audited financial statements.

XBRL stands for eXtensible Business Reporting Language, a language used to present financial statements that enables them to be retrieved from online records and transferred directly to stakeholders such as regulators, auditors and investors.

Financio Implementation
We can help you transfer your existing company balances to Financio and conduct customised training sessions tailored to your individual business needs.

Xero Implementation
We can help you transfer your existing company balances to Xero. We can assist in conducting individual or customized training sessions for you or your staff on how to use the Xero accounting platform.

We provide the following advisory services:

Valuation
We have valuation professionals from a diversity of backgrounds ranging from banking to REITs to Accounting, with deep financial modeling skills that will help unlock maximum value for you. Some of our recent transactions include:

• Corporate Valuation of an established medical services provider
• Corporate Valuation of an engineering services company in respect of shareholder buyout

Internal Audit
Internal audit provides a reasonable level of independent assurance that an organization’s risk management, governance and internal control processes are operating effectively.

At JMS, we offer a comprehensive range of internal audit solutions that include:

• Development and implementation risk-based internal audit methods
• Advice on the establishment of robust internal control systems
• Management reports on key control points and recommendations for improvement

Corporate Policy Consulting
Corporate policies refer to a documented broad set of guidelines, formulated by the firm’s board of directors, that lays down your company’s response to known situations and circumstances.

JMS is pleased to offer Corporate Policy Consulting Services to meet your diverse business needs. Our team of experts with years of experience in various industries is ready to help tailor Corporate Policy solutions to meet your every need.

Financial Due Diligence
Financial due diligence aims to provide potential investors with a reasonable degree of comfort over the company’s performance and historical financials.

Business Advisory Services​
Business advisory services are targeted at companies seeking strategic business advice.

We assist in the preparation of investment materials (eg. teasers, financial projections, investment memorandums) to facilitate strategic business expansion and/or fundraising.

Our advisory is built upon many years of experience working with different businesses. This enables us to provide bespoke guidance and expertise for your specific situation.

With cloud accounting technology, important management information can be gleaned for interpretation by Chartered Accountants to assist with management decision making.

We can arrange for quarterly financial advisory health checks or consultations to help you make sense of the accounting data for decision making.

We can arrange for bespoke, customised training for company directors and their staff, in the areas of accounting, cash flow analysis, Singapore tax, accounting for non-accountants etc.

The following are some of the various workshops we have conducted in the past:

• Public seminar with SMCCI : ‘Analysing Financials: Making Impactful Business Decisions’ to over 40 attendees
• Multiple Accounting 101 workshops with ABSS for business owners
• Private Financio/Xero software setup and training for business owners
• Financial Reporting Standards and Financial Accounting as an adjunct lecturer at a local polytechnic
• Private accounting classes to working professionals who wish to make the switch to careers that require accounting knowledge
• Author of ‘Ace Your Exams’