PAYROLL SERVICE

ACCOUNTING SERVICES SINGAPORE
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.
As an employer, you are responsible for filing employees’ earnings, paying levies for local/foreign employees and making CPF contributions. Your responsibilities include:

• CPF Contributions – Employers are required to make CPF contributions for any employees who are Singapore Citizens or Permanent Residents who earn more than S$50 a month.
• Employee Tax Forms – All employers need to prepare tax forms for their employees by 1 March every year.
• Tax Issues for Foreign Employees – Tax clearance and tax deductions relating to foreign employees.
• Skills Development Levy (SDL) – All employers must pay SDL for employees who earn a monthly gross salary of S$4,500 or less.
• Foreign Worker Levy (FWL) – Employers of Work Permit holder(s) or S Pass holder(s) are required to pay FWL.

Service

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.

Our Payroll Service includes the following:
• computation of monthly salary and commission
• maintenance of payroll file for each employee
• provision of pay advice
• processing of increment & bonuses
• provision of payroll reports for monthly & annual review
• preparation of annual IR8A
• credit salary to respect staff acct and E-submission of CPF Contribution

Process/Documents Needed

• One of the directors or the manager will be required to be present personally at the time of preparation and submission.
• Advise us on the total number of staffs and detailed Payroll Schedule.