EPCs are exempted from some of the provisions of the Companies Act for instance... 

* An EPC with an annual revenue of less than $5 million is exempted from the audit requirements under the Act. 

* No requirement to file its financial report with the ACRA. 

* Exempted from the prohibitions against loans to its directors or to companies related to its directors.

While it’s easy to focus on the cost factor of hiring an outsourced accounting and advisory firm, we encourage you to look at the potential upsides of working with a professional firm like Corporate Finedge. Working with accounting and advisory experts with years of experience in the financial and business field will give you an in-depth look into your industry, and reimagine what’s possible for your company, not to mention the amount of stress we reduce for you every month in your accounting function. Also, with specialised and tailored advice from our experts, you might even find certain competitive advantages that you can tap on, then you’d otherwise not get if you do things in-house.

While there are definitely costs involved, working with an outsourced accounting services provider like Corporate Finedge can actually be much more cost effective than hiring an in-house accountant. Moreover, working with a seasoned firm like Corporate Finedge means that you do not have to send your staff for constant skills upgrading, or study the ever-changing financial and accounting standards, to keep your accounts up to date.