Payroll Services in Singapore

Payroll Services Offered By InTime

Our Payroll Services Include:-

Maintain payroll file for each employee
Computation of salary, overtime, commission, bonus, CPF & other deductions
Salary disbursement to employees via bank transfer
Preparation and distribution of itemised payslips
First time CPF online account and GIRO set-up
Monthly CPF e-Submission
Perform special bonus runs
Leave administration
Prepare Form IR8A and relevance appendices for all employees and submit to IRAS electronically via Auto-Inclusive Scheme (AIS)
Prepare Form IR21 (tax clearance for leaving foreign employees) and submit to IRAS electronically

Outsourced Payroll Services in Singapore

Singapore Employment Act stipulates that all employees be paid their due salaries within seven days of the end of previous salary period. Similarly, overtime work salary needs to be compensated within 14 days of the end of previous salary period. Any violations may attract penalties under the act.

It is therefore vital to entrust your salary computation and disbursement services to an entrusted payroll processing company.

As one of the payroll service providers in Singapore, Intime provides efficient payroll service and on-time salary disbursement in accordance with your company’s payroll policies and the Ministry of Manpower requirements.

From effectively managing the payroll of all of your employees to protecting confidentiality of your data stored with us, our professional team will be able to support and provide the value added service.

If you would like to outsource accounting services or corporate secretarial services in Singapore, we’re the corporate service provider you’re looking for.

FAQs On Payroll Services

Suppose organizations, especially small and medium ones, have a workforce shortage and are finding it challenging to manage their payroll in-house. In that case, there are several agencies that can take it over from them and ensure that the company has enough resources to focus on its core competencies.
In most cases, it takes a working day to process the monthly payroll. The monthly process may require a longer period, depending on the complexity, changes in number of headcount, and if the Company requires several levels of approval. Intime Accounting also assists with the submission of Central Provident Fund (CPF) contributions before the monthly deadlines via CPF EZPay. .
Payrolls for SMEs typically take around 1-2 weeks to set up. However, the time frame depends on the complexity and the number of people employed by the organization.

The IR21 form is proof of tax clearance by an employee. It comes into play for all non-Singaporean citizens (all work pass holders including Personalised Employment Pass (PEP) holders and Singapore Permanent Residents) who ceased employment with an organization in Singapore and plan to leave the country permanently or for any period exceeding three months. The employer of such employees is responsible for obtaining tax clearance for them.

For this, the employer has to file an IR21 form at least one month in advance and withhold all monies due to the employee until they receive a Directive to Pay Tax, which informs the employer of the amount of monies to be remitted to IRAS or a Notification to Release Monies which informs the employer to release the employee’s withheld monies to him.

Employer may be liable to a fine of up to $1,000 if they do not file or are late in filing the Form IR21 without valid reasons.

In Singapore, every company is required to keep the latest two years of employee and salary records (e.g. NRIC copy, employment contract and payslips) and produce them whenever the law demands. For ex-employees, the last two years of record must be kept for another one year from the date the employee left. The employer must prepare Form IR8A, Appendix 8A, IR8S or Appendix 8B and submit the employee’s remuneration to IRAS periodically before 1st March every year.

As per the Employment Act in Singapore, every employer is liable to pay monthly salaries within seven days of the end of the salary period, subject to certain exceptions. In case of overtime, the same must be compensated within 14 days of the end of the salary period.

If an employer doesn’t pay the salary, it is an offense in the eyes of the law. The employee has the right to file an employment-related claim at the TADM (Tripartite Alliance for Dispute Management) or can consult the union.

Any employer not following the suggested terminology issued by MOM (Ministry of Manpower) is not committing an offense. It is only a recommended practice to ensure there is no confusion. Take note that you cannot fiddle with the salary components defined by MOM.

Here is how you can benefit by outsourcing your payroll to Intime Accounting –

  • It will help save time and resources
  • We provide 360-degree payroll support
  • We provide confidentiality of the data stored with us
  • We ensure CPF or tax submissions are done on time and accurately to avoid incurring penalties or fines. We ensure compliance with regulatory requirements

Here is why outsourcing payroll can be a fruitful decision for you –

  • Hassle and clutter-free payroll processing
  • Confidentiality assurance
  • Reduced costs 
  • Mitigate payroll mistakesTime saved on re-training staff in case of high turnover rate
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