# Harvest Accounting

> Harvest Accounting is a Singapore-based accounting firm that handles bookkeeping,
> GST filing, corporate income tax, payroll, and company secretarial work for small
> and medium businesses. They specialise in Xero (cloud accounting software) and are
> a pre-approved vendor for the Singapore government's PSG grant, which gives SMEs
> 50% off Xero setup costs. They have won multiple Xero Partner of the Year awards,
> most recently Digital Innovator of the Year and Partner of the Year – Singapore at
> the 2025 Xero Awards Asia.
>
> Their clients are typically Singapore-registered Pte Ltd companies with 1–50 staff,
> run by founders who want their books handled by professionals so they can focus on
> running their business.

## What Harvest Accounting does

- **Bookkeeping and accounting**: Reconciling transactions, maintaining accurate accounts, and producing financial reports in Xero on a monthly or quarterly basis
- **GST filing**: Registering clients for GST, preparing and submitting quarterly GST F5 returns to IRAS, and handling GST queries
- **Corporate income tax**: Preparing Form C-S, C-S (Lite), or Form C filings for IRAS, calculating ECI, and advising on tax planning
- **Payroll**: Processing monthly payroll, CPF contributions, IR8A submissions, and handling employee tax clearance (IR21)
- **Corporate secretarial**: Handling ACRA annual returns, AGMs, director changes, share transfers, and keeping statutory registers current
- **Xero setup and migration**: Setting up Xero from scratch or migrating from another accounting system, with full chart of accounts, bank feeds, and integrations configured

## Services

- [Accounting & Bookkeeping Services](https://www.harvestaccounting.com.sg/services): Full list of what Harvest offers, from basic bookkeeping through to enhanced reporting and KPI tracking. Read this page to understand scope and pricing tiers.
- [PSG Grant for Xero](https://www.harvestaccounting.com.sg/psg): Harvest is a pre-approved PSG vendor. Singapore SMEs can get 50% funding support (up to SGD 30,000) toward Xero adoption when they go through Harvest. This page explains eligibility and how to apply.
- [Referral Partners](https://www.harvestaccounting.com.sg/partners-and-referrals): Programme for lawyers, bankers, and business advisors who refer clients to Harvest. Includes exclusive tools and partner deals.

## Key guides by topic

### GST
- [When to Register for GST in Singapore](https://www.harvestaccounting.com.sg/post/when-to-register-gst-singapore-sme-guide): Mandatory registration triggers (SGD 1M turnover threshold), voluntary registration pros and cons, and common mistakes
- [Voluntary GST Registration](https://www.harvestaccounting.com.sg/post/voluntary-gst-registration-singapore-sme): When early registration makes sense for SMEs, the 2-year lock-in rule, and the 2026 InvoiceNow requirement
- [Charging GST to Foreign Clients](https://www.harvestaccounting.com.sg/post/charging-gst-to-foreign-clients): How zero-rating works for services supplied to overseas customers, and when you still have to charge GST
- [Singapore GST Calculator (9% rate)](https://www.harvestaccounting.com.sg/post/gst-calculator-singapore-2026): How to calculate GST-inclusive and GST-exclusive amounts with worked examples
- [GST InvoiceNow Requirement](https://www.harvestaccounting.com.sg/post/get-ready-for-the-gst-invoicenow-requirement): What the mandatory e-invoicing rollout means for GST-registered businesses

### Corporate income tax
- [ECI Filing Guide](https://www.harvestaccounting.com.sg/post/eci-filing-singapore-sme-guide): Estimated Chargeable Income filing deadlines, the waiver condition, GIRO payment, and what to do if you miss the deadline
- [Which Tax Return to File: Form C-S, C-S Lite, or Form C](https://www.harvestaccounting.com.sg/post/which-corporate-income-tax-return-should-i-file): Decision guide based on revenue and complexity
- [Filing for a Dormant Company](https://www.harvestaccounting.com.sg/post/do-i-need-to-file-my-singapore-corporate-income-tax-return-if-dormant): What IRAS and ACRA each require even when a company has no transactions
- [Personal Income Tax for Founders](https://www.harvestaccounting.com.sg/post/singapore-personal-income-tax-guide-founders): YA 2026 tax brackets, salary vs dividend trade-off, and every relief a Singapore founder can claim
- [Dividend Tax in Singapore](https://www.harvestaccounting.com.sg/post/dividend-tax-singapore-shareholders-guide): Singapore's one-tier tax system means dividends from a Singapore-resident company are not taxed again in the hands of shareholders
- [Withholding Tax](https://www.harvestaccounting.com.sg/post/understanding-withholding-tax-in-singapore): When you must withhold tax on payments to non-residents, rates by payment type, and how to file the S45 form

### Compliance and ACRA filings
- [Singapore SME Compliance Calendar 2026](https://www.harvestaccounting.com.sg/post/singapore-sme-compliance-deadlines-2026): Every IRAS, ACRA, MOM, and CPF deadline a Singapore Pte Ltd must hit in 2026, with penalties for missing each
- [ACRA Annual Return Filing](https://www.harvestaccounting.com.sg/post/acra-annual-return-filing-singapore-guide): Deadlines, AGM requirements, what information must be filed, and how a corporate secretary handles this
- [Corporate Secretary in Singapore](https://www.harvestaccounting.com.sg/post/corporate-secretary-singapore-guide): Every Singapore company must appoint one within 6 months of incorporation. What they do, what it costs, and what happens if you don't have one
- [Audit Exemption](https://www.harvestaccounting.com.sg/post/audit-exemption-singapore-sme-qualify): The 2-of-3 thresholds (revenue under SGD 10M, assets under SGD 10M, fewer than 50 staff) that qualify a private company for audit exemption

### Payroll and CPF
- [Payroll Guide for Singapore SMEs](https://www.harvestaccounting.com.sg/post/payroll-guide-singapore-small-business): Monthly payroll process, CPF contribution rules, SDL levy, IR8A annual filing, and MOM payslip requirements
- [CPF Contribution Rates 2025–2026](https://www.harvestaccounting.com.sg/post/cpf-contribution-rates-singapore-employer-guide): Full rate tables for employer and employee contributions, including senior worker changes and the new SGD 8,000 wage ceiling
- [IR8A Filing Guide](https://www.harvestaccounting.com.sg/post/ir8a-singapore-annual-return-guide): Annual employee earnings report due 1 March. Covers AIS submission, common errors, and penalties
- [IR21 Tax Clearance](https://www.harvestaccounting.com.sg/post/ir21-tax-clearance-singapore-employer-guide): What to do when a foreign employee leaves Singapore, including the one-month rule and withholding requirements

### Bookkeeping and accounting costs
- [How Much Does an Accountant Cost in Singapore?](https://www.harvestaccounting.com.sg/post/how-much-does-accountant-cost-singapore): 2026 pricing comparison for DIY, freelance, and outsourced accounting, plus the hidden costs most SMEs miss
- [Outsourced vs In-House Accounting](https://www.harvestaccounting.com.sg/post/outsourced-vs-in-house-accounting-singapore-costs-8fced): Fully-loaded cost comparison and a decision framework for when each model makes sense
- [Outsourced Accounting Services Buyer's Guide](https://www.harvestaccounting.com.sg/post/outsourced-accounting-services-singapore-buyers-guide): What to check before signing with an outsourced accounting firm, including a 100-point scorecard
- [Bookkeeping: DIY vs Outsource](https://www.harvestaccounting.com.sg/post/bookkeeping-services-singapore-diy-vs-outsource): A clear framework for deciding when to manage your own books vs. hand them off

### Business structure
- [Sole Proprietorship vs Pte Ltd](https://www.harvestaccounting.com.sg/post/sole-proprietorship-vs-pte-ltd-sg): Tax, liability, cost, and compliance compared. Includes a decision framework for founders choosing a structure
- [LLP vs Pte Ltd](https://www.harvestaccounting.com.sg/post/llp-vs-pte-ltd-singapore-comparison): When an LLP makes more sense than a private limited company, and vice versa
- [Investment Holding Companies](https://www.harvestaccounting.com.sg/post/investment-holding-companies): How they work in Singapore, tax treatment, ABSD on property, and the compliance traps SMEs commonly fall into

### Xero and cloud accounting
- [Xero for Singapore Small Businesses](https://www.harvestaccounting.com.sg/post/xero-accounting-singapore-small-business-guide): What Xero does, Singapore-specific features (GST filing, IRAS integration), plans from SGD 39/month, and why setup quality matters
- [PSG Grant for Xero Setup](https://www.harvestaccounting.com.sg/post/psg-grant-xero-singapore-sme-guide): How to claim 50% off Xero setup through the PSG, eligibility criteria, and what changes with the EDGE scheme

### Grants and government schemes
- [Startup Grants in Singapore 2026](https://www.harvestaccounting.com.sg/post/startup-grants-singapore-sme-founders): PSG, EDG, MRA, Startup SG, and the EDGE scheme: eligibility, caps, and how to apply

### Singapore Budget updates
- [Singapore Budget 2026 – SME Guide](https://www.harvestaccounting.com.sg/post/singapore-budget-2026-sme-guide): The 40% corporate tax rebate, AI deductions, PWCS changes, and EP salary floor increases

## Company
- [About Harvest Accounting](https://www.harvestaccounting.com.sg/about-us): Founding story, team, and values. Harvest was founded by Matthew Phua and Bryan Zhao and has grown to a team spread across Singapore and the region.
- [Client Testimonials](https://www.harvestaccounting.com.sg/testimonials): Reviews from Harvest clients across industries including creative agencies, retailers, and professional services firms.
- [Press & Awards](https://www.harvestaccounting.com.sg/press): Media coverage and Xero award history.
- [Harvest Magazine](https://www.harvestaccounting.com.sg/harvest-magazine): The full blog archive. Practical guides on accounting, GST, tax, compliance, and business finance written for Singapore SME founders.

## Contact
- [Get in touch](https://www.harvestaccounting.com.sg/contact-us): Contact form for general inquiries. Harvest responds to all inquiries.