Corporate Solutions
Corporate secretarial
Any organisation operating in Singapore and this region faces regulatory and reporting requirements, which vary from country to country. Meeting these obligations can impose a heavy administrative burden and be compounded if operating across regional borders. At Baker Tilly, we are committed to providing professional corporate secretarial services to ensure effective compliance through our associate, Park Crescent Services Pte Ltd. Clients are assured that our core values of integrity and passion driving professionalism extend throughout our network.
How Baker Tilly Can Help
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Incorporation of Companies and Other Business Entities
Whether the legal entity to be set up is a local limited company, a branch of a foreign company, a limited liability partnership, a limited partnership, a sole proprietorship, a representative office, a society, or a charity, Baker Tilly will provide advice and attend to its registration.
We act on behalf of our clients to apply for the company name, prepare and execute the incorporation documents, and lodge the relevant documents with the Accounting and Corporate Regulatory Authority, the Registry of Societies, or International Enterprise Singapore. We also provide a company kit comprising a minute book, statutory registers, and a common seal.
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Corporate Secretarial Maintenance Services
We advise locally incorporated companies on best practices in corporate secretarial matters and corporate governance. We also maintain statutory registers and records, prepare minutes and resolutions, and file statutory returns in compliance with the Companies Act. Our staff convene, facilitate, and attend directors’ and shareholders’ meetings, and record and prepare the minutes.
We can also assist with alterations to the memorandum and articles of association, changes in directors, secretaries, or auditors, changes in corporate name, allotments of new shares, transfers of shares, rights and bonus issues, share option schemes, reductions of capital, and other related matters.
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Employment Pass Services
We collate all necessary documents, complete the relevant forms, and submit them to the Ministry of Manpower (MOM) on behalf of our clients for new applications, renewals, and cancellations of employment passes.
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Who Needs Corporate Secretarial Services?
- Companies incorporated in Singapore, whether local entities or foreign branch offices
- Not-for-profit organisations operating in Singapore
Outsourcing
All business entities and even not-for-profit organisations are required by law to maintain accounts to safeguard the interests of stakeholders and ensure proper discharge of duties by officeholders. Increasingly, organisations of every size are discovering that outsourcing their accounting function is financially viable and improves efficiency. It frees them from the high cost of maintaining an accounting department while ensuring timely information for decision-making and reporting. With accounting outsourced, these organisations do not need to be concerned with staff turnover, career planning, training or absenteeism. They get accounting support and can focus on their operations. TFW Management Services Pte Ltd, an associate of Baker Tilly, specialises in providing a complete range of accounting, payroll and related services to fit any business need.
How Baker Tilly Can Help
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Accounting Services
Using sophisticated technology tools, Baker Tilly’s accounting services include the preparation and review of financial statements, as well as the consolidation of accounts. We help set up accounts for start-up companies, clear accounting backlogs, and even reconstruct accounts from incomplete records.
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Payroll Services
We process payrolls—including CPF contributions—on a monthly basis and prepare annual employee remuneration records for submission to the tax authorities. We also assist clients in setting up their monthly payroll processes.
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Goods and Services Tax (GST) Services
In addition to preparing and submitting GST returns on behalf of our clients, we assist with GST registration.
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Disbursement Services
Our disbursement services include the preparation of payment vouchers and the initiation of payments, based on approved vouchers, via online banking portals for bank signatories to authorise payments electronically.
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XBRL Conversion Services
We assist clients in preparing their financial statements (“FS”) in the prescribed Full XBRL format, Simplified XBRL format, or XBRL financial statement highlights to meet the filing requirements of ACRA.
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Who Needs Accounting Outsourcing Services?
Essentially, any organisation—including start-up companies, businesses of all sizes, and not-for-profit organisations—that handles financial transactions and has reporting requirements can benefit from accounting outsourcing services.
