Singapore Payroll Services
For your Singapore payroll needs and queries, get in touch with SBS Consulting. We, at SBS, offer comprehensive Singapore payroll services that are unique. Is an in-house Singapore payroll department eating away into your time and money? Perhaps you need help of Singapore payroll services provider firm. Outsourcing the non-core tasks to a payroll services in Singapore will help you concentrate better on your core competencies. Payroll services Singapore use latest software for accurate payroll processing.
SBS Consulting Offers Dedicated Singapore Payroll Services
For the past several years, SBS Consulting is dedicatedly and successfully imparts invaluable cons6ultation and support in payroll services Singapore to the clients. Our range of services includes; processing payment instructions, generating salaries and statutory reports, filing bank payments, and generating electronic payslips for your employees to view online.
Reputed Singapore Payroll Services = Timely Payment of Salary
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 offense under the Employment Act. Therefore, preparing and dispensing salaries in time becomes all the more important for companies.
Some companies have a misconception that payroll process is far easier to handle. Nevertheless, when the actual time of calculating precise employee salary and filing statutory contributions arrives, they understand the intricacy of the process. Additionally, the resources and infrastructure to run an in-house payroll process increases your operational costs and wastes valuable working hours. Thus, the best way to comply with the Employment Act and still enjoy the benefits of paying your employees on time is by outsourcing your payroll Singapore services to an accredited Singapore Payroll Service providing firm.
SBS Consulting with their proven expertise and high-end solutions are satisfactorily providing acclaimed payroll services in Singapore to many SMEs and companies of all sizes.
Why Outsource Your Singapore Payroll Process
Gone are the days, when payroll meant paying employees. In modern business environment, payroll process has become very complicated and crucial administrative task. You, not only need well-trained staff, but also optimized resources and costly work hours to conduct payroll services in-house. Rather, if you outsource your company’s Payroll Singapore process you could use the same staff elsewhere, reducing overall time spent on payroll process and saving on costs incurred on them.
Benefits of Hiring Third Party Payroll Services Singapore
- End-to-end payroll services including adjustments, overtime, and other variables
- Employees can access electronic as well as carbon-based hard copies of payslips
- Peace of mind due to all-inclusive Singapore payroll service dealing with statutory compliance
- Access to year-end tax support, including IR8A/S as a part of our Singapore payroll service
- Access to real time payroll management and real time report generation
- Assurance to stay updated with legislative changes and statutory reporting requirements
- Assurance of confidentiality
- Not necessary to invest in costly software’s and on training employees to use it
- Save on futile expenses of recruiting a dedicated in-house payroll services and HR department
- Indulge in other revenue generating activities and increase productivity of your business in a cost efficient manner.
How SBS consulting Will Help You Process your Singapore Payroll
After you engage SBS Consulting as your prominent Singapore payroll service provider, we will assign an account manager for your company. The said professional will work in close unison with you and your administrative staff to address your needs and help you understand the latest policies and practices of payroll Singapore.
Features of our Top Notch Singapore Payroll Service
We will process your Singapore payroll by accurately calculating salaries of your staff on a monthly or weekly basis. The entire process includes salary credits, production of pay-slips and credits into CPF / MPF accounts of your employees.
- Disbursement of correct salary to the employee via online transfer, cash or cheque
- Ensure compliance to the laws pertaining to CPF, SDL and other statutory donations
- Ensure timely submission of CPF and other legal payroll Singapore related documents
Tracking Salary Increments
We will update the Singapore payroll information related to salary increments of your employees. We will also adjust the differences occurred due to salary increase.
- Timely updation of tedious and time-consuming salary variation data is an important part of our Singapore payroll service
- Ability to edit the payroll data quickly as per the changes in the salary of the employees
- Exhaustive Singapore payroll data back-up ensures peace of mind
Allowances and Deductions Management
Maintenance and management of allowances, deductions, arrears, savings, and loans for your employees, is the top priority of our payroll services Singapore.
- Calculation of correct salary, after including all the allowances and deductions
- Computing the salary for new joiners and resigned employees based upon the number of working days registered by them
- Singapore payroll service takes away the laborious task of data gathering and computing
Employee Information Tracking and Maintenance
We will assist in tracking and maintaining data and movements of your employees.
- As a part of our Singapore payroll services, we cipher the exact amount of salary to be disbursed,when the employee has moved to other location, locally or internationally
We will help in calculating monthly overtime, shift hours and commissions payable to your employees.
- Payroll services in Singapore helps to gather precise variables and calculation of accurate salary
- Adjustments made to the tax deductions based on the investments done by the employee
- Provision for including maternity, sabbatical, annual and balance leave calculations
We prepare customized reports for general ledger maintenance. Besides, we also assist in preparing monthly payroll reports and Central Provident Fund (CPF) reports, as a part of our payroll services in Singapore. We also perform special bonus runs and prepare tax forms, wherever applicable, for IRAS submission.
- Our Singapore payroll services ensure that the reports are generated and submitted on time
- Changes made to the report in case of changes in the employee’s dossier
Our HR service structure is the friendliest in the industry. We actually tailor them to meet your success.
- Help in starting your company with right employment terms and policies
- Day-to-day support for your HR and Payroll needs
- Assurance that your HR and payroll policies and practices comply with the imposed statutory regulations
- Additional services like HR transformation and HR crisis management
SBS consulting is widely acclaimed for offering top notch payroll services in Singapore. The firm will take care of all payroll needs from start to finish and beyond. Talk to us to discuss your requirements. We will provide you expert Singapore payroll services in compliance with the rules and regulations of the Singapore government.