Payroll and HR Services

Employees are the most valuable asset of any company. Without the hard work and diligence of its staff, most companies will not be able to deliver on its promise of service quality and customer satisfaction.
When you outsource hr payroll services to a professional services firm like us, you will be ensured of the timely execution of your staff HR and payroll matters such as preparation of payslips, calculation and submission of CPF contributions for staff, payroll administration, staff leave administration and preparation of Form IR8A for staff.
As a leading payroll services provider in Singapore, we provide timely and efficient payroll solutions for our clients.

Outsourced HR and Payroll Services

As a payroll services provider, we assist companies to take the headache out of the administration and regulatory compliance for their payroll needs. It helps free up personnel and other resources that can be redirected elsewhere to grow the business.

Keeping track of the various aspect of the HR functions of the company goes beyond the hiring and training of staff members. Compliance matters such as statutory filings and employer obligations, particularly for payroll, under the Employment Act can take up precious resources that could otherwise be deployed more productively.

When you outsource your HR and payroll services to us, we will provide you with services administered by experienced professionals who are tuned to the most updated information on the various statutory requirements pertaining to staff payroll.

Failure to comply with statutory filings and passing payment deadlines can result in heavy penalties for companies.

Our internal processes and systems for HR and Payroll services comply with the requirements for data security under the Personal Data Protection Act 2012 (PDPA). This allows you to streamline your processes and simplify your administration while reducing the cost of maintenance for your own software and securing confidential data.

Our HR and Payroll services have 2 main functions:

Payroll admin and reporting

  • Maintaining employee records (New, Resignation and Termination)
  • Preparing of payslips based on statutory requirements and company policies.
  • Compilation of summary schedules and management reports.
  • Calculation of monthly statutory contributions (e.g. CPF contributions) for Ordinary and Additional Wages.
  • Computation of bonuses, overtime hours, commission, expense claims and deductions.
  • Salary crediting into employees’ bank accounts.
  • Leave administration (e.g. tracking, calculation of balance/pro-rated leave)

Statutory Requirements

  • Distribution of itemised pay slips to employees (MOM requirement).
  • Online Submission and payment to Central Provident Fund Board (CPF) by stipulated deadline for (CPF, CDAC, SINDA, MBMF, ECF, SDL and FWL).
  • Prepare IR8A and submit year-end tax forms and relevance appendixes to Inland Revenue Authority of Singapore (“IRAS”).
  • Preparation of tax reports and filing of income tax returns with IRAS
  • Filing of S45 (foreign partners withholding tax clearance) with IRAS
  • Filing of IR21 (foreign worker tax clearance) with IRAS
  • Prepare electronic submission for NS Men Make-Up Pay, Maternity claims, Child Care claims, etc.

Contact us today to find out how we can assist you with our HR and payroll services.

FAQ

1. What are the benefits of outsourcing your HR and payroll services?

  1. Reduced cost vis-a-vis hiring an in-house HR team.
  2. Save time and money on administrative processes so you can focus on your core business activities.
  3. Enables you to manage employee leave and medical matters more efficiently.
  4. Using cloud-based systems with 24/7 access you can access employee information from any location.
  5. Reduce the risk of non-compliance.

2. What is SDL in Singapore payroll?

The Skills Development Levy (SDL) contribution is used to support workforce upgrading programmes, as well as provides training grants to employers. It is payable by employers for all employees up to the first $4,500 of gross monthly remuneration at the rate of 0.25% or $2, whichever is higher.

3. How is Skills Development Levy (SDL) computed?

Skills Development Levy (SDL) contribution is calculated up to the first $4,500 of gross monthly remuneration at the rate of 0.25% or $2, whichever is higher.

4. When is the due date for CPF contributions?

The due date for CPF contributions is on the last day of the calendar month. Enforcement action may be taken against employers who fail to pay by the 14th of the following month (or the next working day if the 14th falls on a Saturday, Sunday or Public Holiday). This includes imposing late payment interest charged at 1.5% per month commencing from the first day after the due date.

5. When do employers have to seek tax clearance for their foreign employee?

Employers are required to file the Form IR21 at least one month before the employee’s employment cessation date, and report his employment income up to his last day of employment. Where there are adjustments to be made to the income after filing an Original Form IR21, you can file an Amended or Additional Form IR21.

6. What is the employer’s responsibility for Personal Income Tax?

Companies must give completed Forms IR8A to employees, showing remuneration and benefits-in-kind for the previous calendar year, by 1 March.