OVERVIEW

 

Timely payment of salary under the Employment Act

 

Under the Employment Act, companies must pay their employees correct salaries within 7 working days after the end of the salary period. Failure to pay salaries in accordance with provisions of the Act is an offence.

 

Hence, one of the most important tasks for a business is the timely preparation of payroll and  payment of salary. However, this process can be  further complicated with additional components such as benefits, allowances, deductions, government remittances, etc. It is of no surprise that consequently many SMEs choose to outsource their payroll function to accounting firms.

 

We have been providing our clients with a Payroll Management Service since 2004. Our payroll specialists are well-trained and equipped  to process even the most complex payroll account with our advanced payroll software system.  Our service ensures that government remittances such as CPF are paid on time, tax filing requirements are adhered to, and the payroll information is kept confidential offsite.

 

How the Payroll Management Service works

 

When you engage our Payroll Management Service, you will be assigned to an accounts manager who will work with you on your payroll needs. Based on the information and required documents you submit to us, your  accounts manager will review and organize the information to create and maintain your payroll ledger. He will also, per your advice, make salary payments and submit all necessary payroll taxes.

 

Our payroll management services include the following:

 

• Salary calculation on weekly, bi-weekly or monthly basis.

• Salary payment to employees by cheque issuance or through bank transfer such as GIRO.

• Central Provident Fund (CPF) registration and timely monthly payment.

• Issuing of IR8A Form for personal tax including statutory annual filing returns.

• Computing gross to net salary and CPF

• Providing payroll reports and payroll journals

• Issuing confidential pay slips (hard copy or electronic)

• Preparing year-end lR8A forms and appendices (hard copy or electronic)

• Preparing IR21, GML, NS MUP, CPF refund, government statistical forms, etc

• Managing and administering employees’leave On line/Off line

 

 

Human Resource Services

 

• Hiring, New Employee and Exiting Employee Administration

• Drafting of Employment letters

• Employee insurance

• General HR consultancy services

• Salary bench marking

   

 

Let us know how we can help you.

 

• As part of the Beaufort Singapore Payroll Service, your dedicated account managers will take care of all your payroll needs, from set-up to support.

• Leverage our expertise today for the best results!

• Call us at +65 62277 269 or Contact Beaufort Now for a free consultation.

• We at Beaufort believe that every client is unique and deserves support specific to his/her needs. Call us at +65 62277 269 or Skype us or drop us an email CustomerFirst@Beaufort-capital.com to let us know how we can be of service to you.

 

Interested in outsourcing your payroll management to Beaufort? Contact Us Today for a free consultation.