Payroll Management
AGILITY AND PROFITABILITY
Outsourcing your organization’s payroll processing functions improves your business agility and increase profitability.
In today’s highly demanding business environment, companies are turning to payroll outsourcing to streamline their transactional human resources functions. This empowers their HR business partners to focus on more strategic and pressing human capital matters.
We understand the complexities of the payroll functions and the importance in ensuring regulatory compliance. We will ensure compliance at every level and your employees’ benefits are administered accurately.
Payroll System, CPF Registration, BizCorp Administrator Set-Up
We manage payroll systems, handle CPF registration and contributions, and set up BizCorp administrative roles to ensure accurate payments, compliance, and effective business process management.
Monthly Payroll Processing
We carry out monthly payroll processing, calculating gross pay, deducting taxes, benefits, and other withholdings, and ensuring employees are paid accurately and on time. We ensure compliance with all legal and organizational standards.
Administering of CPF, CDAC, MBMF, SINDA, ECF Contributions
We administer CPF, CDAC, MBMF, SINDA, and ECF contributions by calculating, deducting, and remitting the correct amounts from employees' wages to the respective organizations on time.
Generating Monthly Payroll Reports
We generate detailed monthly payroll reports that include information on salaries paid, taxes withheld, benefits provided, and other payroll-related activities. These reports are essential for financial tracking, auditing, and compliance purposes.
Monthly Adjustments/Ad-Hoc Payments
We manage monthly adjustments and ad-hoc payments, including bonuses, overtime pay, corrections to previous payroll errors, and other special payments, ensuring they are processed accurately and promptly.
Annual Preparation of IR8A
We prepare and file the IR8A forms annually for your employees, detailing their income for the year and ensuring compliance with the Inland Revenue Authority of Singapore (IRAS) requirements.
Tax Clearance for Foreign Employees
We handle tax clearance for foreign employees leaving Singapore, ensuring all taxes are paid and submitting the necessary tax clearance form (IR21) to IRAS to settle any outstanding tax liabilities before the employee departs.
Annual Leave Administration
We administer annual leave, managing employees' leave entitlements, requests, and approvals. We track accrued leave, record leave taken, and ensure adherence to leave policies, maintaining workforce productivity and compliance with employment laws.
Administering of Expense Claims
We process expense claims, verifying submitted claims, ensuring they comply with company policies, and reimbursing employees accurately and promptly. Our effective administration of expense claims helps control costs and maintain financial integrity.
Have a Business Challenge? Talk With Us
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