Payroll Services
Every business, no matter how big or small must have a payroll. Again, if yours is a small or medium sized business, it may not yet make economical sense for your install and operate your own payroll system, as this not only means more capital investment, but also the need to hire and train staff to operate the system.
Our payroll system is computerised, and payroll reports can be generated very quickly each month. In addition, we make sure that each employee is given a sealed individual payslip.
The range of our payroll services includes:
- The opening of the Central Provident Fund account
- The opening and operation of the bank account designated for payroll purposes
- Preparing monthly payroll summaries according to clients’ specifications, either by cost centres, allowances or any other reporting requirements
- Calculating overtime pay, allowances, bonuses, commissions and deductions
- Preparing payment instructions to bankers
- Preparing CPF contribution for submission to the CPF Boards
- Preparing computerised individual payslips
- Preparing annual returns (Form IR8A) for income tax purposes