PAYROLL SERVICES
Human Resource Advisory Service
Behind success of any organization, there is a great effort done by the employees of the company. However, it is necessary to entertain the staff of the organization and do the needful to motivate, support, and unite them to work together as a team. To take all the employees of company in the mainstream, there should be some exercises needed to be done, which can connect every employee emotionally, psychological, and skillfully to work for the organization and take it at the zenith of success. For this objective, there is need of some human resource advisory services, which are designed specifically for organizations to entertain their employees and work on their requirements to empower them to work dedicatedly for the company.
We at, Singapore Incorporation Service, provide you with the best human resource advisory services that mainly conclude the best payroll service, which is one of the most important part of HR advisory service that is needed by all level enterprises in the industry.
Payroll Services
We enable our patrons to get professional and business-oriented payroll service that is an integral part of human resource advisory services and is essential for all level businesses in Singapore. The payroll services offered by us are based upon standard Employment Act in Singapore, which directs all level companies to pay salaries or payments to their employees as per their designations or packages estimated by the industry. Also, there is a norm for employers that they have to pay salaries to their staffs within 7 working days after end of the salary period.
The company which fails to pay the salaries to their employees on time will be liable for an offense, as per the “Employment Act” in Singapore. Being an employer, you are supposed to issue Form IR8A and Appendix 8A, Appendix 8B or Form IR8S (where applicable) by 1st March each year for all your employees in the company.
The employer in Singapore having 11 or more employees throughout the year or who have received the Notice to file details of Employment Income of Employees, he or she must have to submit details of staff and their income slabs to the IRAS authority in Singapore through electronic mail.
The whole process of payroll calculation is complex and may involve varied components such as deductions, allowances, benefits, government remittance, and so on. However, the most of the SMEs or employers do prefer to outsource payroll services of their employees to the third party professionals or accounting service agencies in the market.
Not all businesses can be same in services and their functions can be different too. Moreover, they might have varied requirements as per your business need. Thus, we cater the best-in-class and standard human resource services, which are designed for specific HR needs of companies such as payment, statuary submission, and generating payroll statements.
No matter what type of business you have, we are committed to deliver you with prompt and professional payroll services for all level businesses in Singapore. We ensure for providing time-bound and statuary HR and Administration services for clients’ businesses as per industry norms in Singapore.
To manage all human resource and payroll requirements of our patrons, we have set a team of dedicated HR professionals, accounting experts and legal advisors too. They hold massive experience and expertise in handling all simple to complex needs of HR and Administration of business as per the legal norms. Also, they will give relevant suggestions and consultation for payroll services and outsourcing benefits of them to the needy customers.
We ensure for providing you with services to make payment of employees in the form of CPF on time. Moreover, we enable our patrons to do accurate tax calculation and file for the same on time. Also, we ensure for keeping all payroll information of clients confidential too. Thus, you can rely on the best payroll and HR solutions provided by us.
How Our Payroll Services Work For You
We at, Singapore Incorporation Services will provide you with a professional and fully trained payroll officer to fulfill your organization’s all payroll needs as per norms in Singapore.
The payroll officer appointed by us will review all submitted details and documents of your company and staff from depth. Afterward, he will do right analysis of all information and will maintain right payroll report or ledger for each employee. Moreover, the officer will calculate payment slab and taxable amount of all employees as per standard norm in Singapore too. Thus, the payroll officer will take care of all aspects of payroll services that will make easy for employers in Singapore to calculate payments, and manage taxes of all employees in the company according to legal norms.
Our Payroll Services Involves the Following Accounting Activities:
- Issuance of Form IR8A for personal tax filings including statutory annual returns.
- Salary calculation based on weekly, bi- weekly or monthly pay periods
- Salary payment to employees through bank transfers such as GIRO
- Central Provident Funds (CPF) registration and timely monthly payment
- HR Grants Consulting Services
- HR Performance Management Services
- Assist to set up employee database and records
- Company’s Employee Handbook
- Drafting Employment Contracts
- Recruitment Service
- Preparing year-end lR8A forms and appendices (hard copy or electronic)
- Preparing IR21, GML, NS MUP, CPF refund, government statistical forms, etc
- Managing and administering employees’leave On line/Off line
- Statutory submission i.e. CPF contributions, CDAC, MBMF, SINDA, and ECF contributions, National Service Claims
- Hiring, New Employee and Exiting Employee Administration
- Drafting of Employment letters
- Employee insurance
- General HR consultancy services
- Salary bench marking