As per the Singapore Employment Act., companies need to pay exact salary to their employees in a timely manner within 7 days after the end of salary period. Upon failure to comply with this rule, companies will either be penalized or will be held responsible for an offence under the Employment Act. Therefore, preparing and dispensing salaries in time becomes all the more important for companies.
However, we understand the process of preparing payment of salary can be tedious and complicated, as it may involve components like benefits, allowances, reimbursements, deductions, commission, over-time, CPF contributions of employees etc.
Our services in Singapore include:
- Full end to end payroll including adjustments, overtime, expenses etc
- Computation of monthly salary and commission
- Range of payslips including both electronic and carbon based
- Full statutory compliance including reporting and audit management
- Monthly reports and government returns including CPF, SDF, FWL
- Claims processing including maternity, childcare, national service
- Year-end tax support including IR8A/S, Appendice
- Credit salary to respect staff acct and E-submission of CPF Contribution
Our team is well versed with Employer’s Rules and Responsibilities/ Labour laws. To avoid making mistakes with payment on CPF contributions and tax filing requirements, you may want to consider outsourcing your Payroll function to us.