Payroll Services in Singapore

Has your company been looking for seamlessly integrated payroll services? Your search ends with us. We offer full-service, comprehensive and integrated payroll services that includes:

  • Handling payslips and report of monthly payroll.
  • Submission of Central Provident Fund (CPF)
  • Processing for Skills Development Levy (SDL)
  • Tax Clearance for SPR and Foreign Employees (IR21)
  • Preparation of Annual IR8A

According to the Employment Act, an employee is entitled to their salary within 7 days of the end of the pay period. Therefore, any failure on the behalf of their employer to comply with the provisions of the Employment Act is considered against the law and subject to fines or other punishment. So, it should come as no secret that the timely preparation of payroll services and salary payments is considered one of a company’s most important responsibilities and tasks.

Key Things to Consider When Managing Payroll in Singapore

IMC and Talenox are now Partners

However, the process can be further complicated by other factors or components such as allowances, benefits, deductions, payments to the government and so on. So, it’s no surprise to know that many SME’s (Small and Medium-sized Enterprises) have chosen to outsource payroll and salary functions to accounting and bookkeeping firms. As a result, IMC has partnered with Talenox to offer them extensive, cloud-based payroll management services and software applications. Whether it is about preparing the Form IR8A, Preparation of Salary Slips, calculating the deductions such as SHG, CPF contributions, let us handle it for you.

Integration Capabilities

Talenox is known for its web-based, readily accessible payroll systems that host an extensive range of functions such as automatic e-mailing of paychecks, one-click bank payments, and spreadsheet imports. They can be integrated with:

  • AIS (accounting information system) files.
  • CPF (Cognos project file) format or data files used to create, edit, or open the data stored in them.
  • Xero accounting software for small and medium-sized businesses or SME’s.

At IMC, we have provided our extensive payroll management services to hundreds of clients across a broad range of business and industry sectors. Since partnering with Talenox, we can now offer companies the type of advanced management software that will enable them to process the most detailed, intricate payroll accounts.

Key Features and Leave Applications

Our payroll systems simplify the accounting process for small and medium-sized businesses. This hassle-free software eliminates those deadline nightmares and huge stacks of paperwork that have plagued your payroll department for months. These payroll systems feature, but are not limited to, the following functions:

  • Automatic salary calculations for 7, 14, or 30-day pay periods
  • Easier payroll editing.
  • Employee portal for viewing pay slips.
  • Payroll summaries, statutory funds, and Year-to-Date reports.

At IMC, we now provide the most extensive payroll service solutions for small and medium-sized companies. When you outsource your accounting and payroll functions to our company, a payroll expert will work with you and be readily available as needed. Successful payroll management involves not only the accurate processing but also good maintenance and timely disbursements. Other than ensuring compliance, this also lifts staff morale and keeps employees motivated.

As your business grows and your employee profile becomes more complex, payroll processing could require more time and effort on your part. If you are a small to mid-size Singapore-based company with a staff strength of up to 25 employees, you may find outsourcing to a payroll service provider more cost-effective and less stressful than trying to manage this function in-house.

For more information, contact IMC today.

Just drop your email id and contact number. We will get in touch with you.