Case Studies

Rikvin Client Profiles

Because every business  is different, we take time to understand you and your company so that we can respond with precision and care to the needs of your business. Over the years, we have developed flexible ways of working with our clients as the short (fictionalized) profiles below illustrate:

Profile 1 - Call Private (Southeast Asia) Pte Ltd.

Call Private (Southeast Asia) Pte Ltd is a company focusing on mobile communications privacy. Their Finnish HQ requires weekly numbers, segregated by country.

The regional head Mr. Valentin Särkkä chose to engage Rikvin’s Accounting Agent service. Under the arrangement Rikvin collects documents every Monday morning from the company’s office in Republic Plaza. By Wednesday morning draft accounting reports for the preceeding week are ready including Income Statement by country. Once every quarter, financial statements for the quarter are generated along with the Goods & Services Tax (GST) schedule. On Mr Särkkä's approval Rikvin submits the GST return to the Inland Revenue Authority of Singapore (IRAS) on behalf of the company.

As per the request of the company the documents are safe kept by Rikvin and at the end of the year handed over to the auditor along with the annual financial statements. Rikvin then works closely with the audit firm to answer queries that come up.

Profile 2 - Just Beatz Pte. Ltd.

Just Beatz Pte. Ltd.  is a talent management firm started by a group of three enterprising individuals from Singapore. The business has experienced significant fluctuation in activity in the first few months of existence. Rikvin provides a monthly accounting service for the company that is priced based on how active the company was in the preceeding month. At the end of the year Rikvin’s friendly accountant Mr. James Konan who by now has developed a strong relationship with the partners spotted a potential tax saving by structuring Directors remuneration and suggested a consultation with Rikvin’s in-house tax experts to work out the numbers.

Once the numbers were finalized based on the most favorable scenario,  the Directors Report & Annual General Meeting (AGM) was prepared by Rikvin's professionals and sent for the signing of the partners. The signed documents were then submitted to the Accounting & Corporate Regulatory Authority (ACRA) and the official acknowledgement of submission sent to the partners.