FEES from $395
A ‘small company’ is exempt from auditing their financial statements. A company qualifies as a small company if:
- It is a private company in the financial year in question; and
- It meets at least 2 of 3 following criteria for immediate past two financial years:
- Total annual revenue ≤ $10m;
- Total assets ≤ $10m;
- No. of employees ≤ 50.
‘Small companies’ still need to compile unaudited financial statements for their annual filings, tax submission and to keep a check on their company’s finances. These statements will also help you apply for banking facilities, loans, and grants from the government and to comply with the regulatory standards.
Silkroad Accounting will assist you with the compilation of unaudited financial statements. We make sure that your company’s financial reports comply with current requirements and best practices. You can entrust us with excellent work and accurate reporting of your financial statements.
