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  Every Singapore company has to pay its employees within 7 days of the end of their pay cycle. Payroll is their liability. Ignoring the provisions of the Employment Act means asking for hefty punishments. It is why both large and small companies hire outsource payrollservices in Singapore . Who Provides Payroll Services in Singapore In a traditional company, its HR or accounts department handles payroll processing. However, modern companies are outsourcing the task to payroll services providers. Most of the time, the providers also do the company's accounting, taxation and auditing. What do You Get Under Payroll Services? When you outsource payroll services in Singapore, you can expect the following services from your provider: Maintain employee data Prepare and send the Itemised payslips to employees Calculate salary, overtime, incentive/commission, bonus, statutory deductions like CPF and levies Manage employees' savings, ...

  In Singapore, you, as an owner, are responsible for your business' payroll processing. It is a lot of work. You can do it in-house or hire one of the payroll outsourcing providers in Singapore. Singapore Payroll is an Obligation Failing to pay your employees within seven days of the end of the pay cycle can adversely change the mood in your workplace. And even when you do it on time, you must ensure that each of them is compensated accurately in compliance with the Employment Act. A professional payroll outsourcing provider in Singapore can assist you in streamlining the task. It will free you to focus on the core goals of your business, like improving revenue and profits. Why should you appoint a payroll outsourcing provider in Singapore ? Payroll outsourcing providers in Singapore take care of payroll-related tasks. They handle salary calculations, direct deposits, payroll taxes, employee benefits, and wage garnishments and track paid leaves and holida...

  If you are in the market to hire a payroll services firm for the first time, it will help to have balanced information about this niche. A few unbiased facts about the outsourced payroll/ in-house payroll can help in decision-making. However, unbiased info is hard to come by because the payroll outsourcing Singapore companies present their view. They have their goals to meet. And those supporting in-house payroll processing talks about the virtues of total control over this financial activity. Here is a small brief on the topic. Is Payroll Outsourcing Singapore Good for Me? Whether to hire a payroll services firm or stay with the in-house payroll department is a tricky decision. With in-house payroll, you have total control over the activity. You are in a position to update your records as and when required. Moreover, there is no dependency on any third party. You can also proactively supervise data security and maintain it for the duration as per the st...

  You are correct in thinking that payroll processing is too complicated and time-consuming, and it tends to take your focus away from achieving the business' core goals. You are not alone in doing so. However, many other owners have found a solution and are enjoying the benefits of using a payroll service in Singapore. If you are still processing your payroll in-house, you will agree that you spend too much of your time and energy keeping track of various tax laws that apply to employees. You must work even harder if your employees come from different locations and countries. Payroll Processing for a Small Company Isn't it a waste of your precious and limited resources? And the cost you pay to manage your payroll on your own is simply exorbitant in terms of effectiveness. Your efforts in this direction generate 'Zero' revenue. Maybe it is time for you to hire a payroll service for your business in Singapore. Let us know more about the advantages of ...