The payroll outsourcing process involves hiring another company that specialises in payroll processing to complete the task on your behalf. Many companies prefer employing payroll services in Singapore.

Services offered by third-party companies include: computing the payroll, processing retirement, resignation, or termination, acquisition of new talent or staff, preparing and filing CPF contributions, filing annual income, submitting IR8A and IR21 forms for income taxes, preparing pay-slips, and developing custom and standard reports.

Typically, such processes may take many days to complete as they require high levels of accuracy and precision. Therefore, some companies opt to use software specially developed for these processes. The software are able to manage the company’s payroll system in Singapore efficiently, but can be a costly investment.

Moreover, some have their reservations about the technology and would instead do it manually. Whether costs or time is your challenge, the government expects you to adhere to the set guidelines without fail.

• Preparation of monthly payroll
• Leave administration
• Preparation of IR8A
• Monthly CPF submission
• Income tax submission and clearance for staff who leave
• Employment pass and work pass administration