Keeping up with evolving employee requirements can be challenging, especially if you’re unfamiliar with the local labour laws.
Happy employees are when they get paid on time, every time.
Our Payroll Services assure you that.
Partnering with Beaufort
A reputable Singapore Payroll Services provider ensures your business stays compliant with Singapore Employment Laws and Payroll Practices and, using the latest cloud-based payroll software, your employees are paid correctly and punctually.
Type of Plan
One time Set-Up Fee
• Setting up of Company profile in our cloud-based Payroll Software
• Setting up of CPF Employer’s account
• Applying for GIRO arrangement for payments of CPF contribution and Skill Development Levy to CPF Board
• Applying for IRAS Auto-Inclusion Scheme (AIS) for submission of Annual Employee Income Information to IRAS Portal
Monthly Fee per employee
Manager’s secure access to Employees’ Profiles and Payroll Reports in our cloud-based payroll portal
Individual Employees’ access to their private records i.e. employee profile and payslips and wage records via Mobile App
Personalised service by Designated Payroll Administrator
Maintain Payroll File for Direct Employees / Outsourced Contract Staff
Monthly reminder for addition or termination of staff
Monthly Payroll report
Monthly MOM-Compliant itemised e-Payslips
Submit Return of statutory Central Provident Fund (CPF) contribution, Skills Development Levy (SDL), and other community-based contributions such as CDAC, MBMF, SINDA or ECF contributions
Submit Return of Annual Employee Income Information to Inland Revenue Authority of Singapore (IRAS)
Submit for statutory claims such as national service, government-paid maternity and childcare leave, etc
Apply for appropriate government training grants available for employees
File Tax Clearance (Form IR21) to IRAS for terminating foreign employees
Employees’ expense claims via Mobile App
Employees’ leave applications via Mobile App
Monthly salary disbursements to employees via bank giro transfer
Monthly payments of statutory contribution to CPF Board and other Statutory Boards
Personal tax filing for your employees
Excluded services in the Plans, when required, are subject to applicable fees
Why outsource to Beaufort?
Whether you are a multinational corporation establishing presence in Singapore or a fast-growing SME, Beaufort’s team of experienced payroll professionals has the expertise and local knowledge to deliver efficient, accurate, compliant payroll services.
In addition, our Team is readily available to help you to navigate Singapore’s ever-changing payroll compliance regulations and provide solutions to any potential payroll issues you may have.
Reliable payroll services for your Singapore business
Other benefits includes
Continued compliance with Singapore Employment Laws and Payroll Practices thus reducing legal exposure
Requires minimum set-up time and effort.
No high implementation fee
No need to purchase payroll software, no upgrades and annual software license fees – You only pay affordable monthly payroll processing fee
Save on capital expenditure and implementation of technology infrastructure
Our Payroll Service can accommodate monthly changes in employee size, up to 200 headcounts
Frequently Asked Questions
What is the difference between HR and Payroll?
Payroll is the function associated with actioning your employees’ remuneration packages in your agreed pay cycle. Whereas the wider HR function is responsible for variety of other areas like talent attraction and retention, employee benefits, employee training and development and much more.
Most businesses consider payroll to be a sub-function of their HR department. But since many companies do not have HR departments, Payroll is often a standalone function in these companies’ operations.
How to outsourced payroll services work?
Outsourced payroll services mean that you hire a third-party company to take care of your payroll functions. This is particularly useful for:
- foreign companies who are unfamiliar with the local employment legislations and practices
- Local SMEs with a growing workforce but do not have HR and Payroll capabilities
By outsourcing to a reputable Singapore Payroll Services provider ensures your employees are paid correctly and on-time. You will also have peace of mind that your business stays compliant with local regulations around mandatory contributions.
What are the pros and cons of outsourcing payroll?
While this will vary for each business, some of commonly voiced pros and cons of outsourcing payroll include:
- Outsourcing can be less costly than hiring fulltime staff
- Employees’ salary packages are kept confidential
- Employees are paid on time and your business will be fully compliant with local statutory requirements
- Employees’ personal taxes are filed in compliance with tax laws and regulations
- You could possibly be paying for services that your business doesn’t need
- You are putting highly sensitive payroll data in the hands of an external provider
Is it more expensive to outsource payroll compared to doing it in-house?
Typically speaking, handling payroll in-house is more expensive than outsourcing payroll.
This is because employing an in-house expert can be costly. Aside from mitigating operational cost, outsourcing your payroll function can also reduce your capital expenditure on technology infrastructure (software, hardware, back-ups and maintenance).
Our team of experts is ready to assist you
8 Eu Tong Sen Street
#14-94 The Central
T: (65) 6227 7269
WA: (65) 8822 XERO (9376)