One of the most important tasks for all businesses is the preparation of payroll and payment of salary. The process can be complicated further and more time-consuming with additional components such as benefits, allowances, deductions, government remittance, etc. It is of no surprise that consequently many SMEs choose to outsource their payroll function to accounting firms to.
AsiaBiz has been providing our clients Payroll Management Service since 1995. Our payroll specialists are well-trained and equipped with the most advanced payroll software system to process even the most complex payroll account.
Our service ensures that the government remittances such as CPF are paid on time, tax filing requirements are adhered to, and the payroll information is kept confidential off site.
How it Works
When you engage AsiaBiz’s Payroll Service, you will be assigned an accounts manager who will work with you personally on your payroll needs.
Based on the information and required documents you submit to us, your personal accounts manager will review and organize the information submitted to create and maintain your payroll ledger. The accounts manager will also, per your instruction, make payments and submit all necessary payroll taxes.
Our Payroll Service includes but not limited to the following accounting functions:
- Salary Calculation based on weekly, bi- weekly or monthly.
- Salary payment to employees by cheque issuance or through bank transfer such as GIRO.
- Central Provident Funds (CPF) registration and timely monthly payment.
- Issuing of IR8A for personal tax including statutory annual returns filing.
Interested in outsourcing your payroll management?
Leave your tax and accounting matters to us. AsiaBiz has years of experience helping clients handle their needs with its various Singapore tax and accounting services.