VALON provide a suite of payroll services which allow you to stay focus with your business activities. Outsourcing payroll services can be a cost savings measure to your company. We will ensure the security and confidentiality of information.
Our payroll specialists are able to process payroll from small to large numbers of employees efficiently and we will be responsible for monthly payroll processing, CPF and IR8A submissions.
- Registration of payroll agent with the Board
- Input personal data of employee to the payroll system and update the Employee Record as required.
- Processing the monthly salary including new hires and resignations.
- Processing overtime claims, commissions, allowances, reimbursement of expense claims, salary adjustment and any other deductions.
- Preparation and Liaison with the Central Provident Fund Board (CPF) for the Employer’s Registration.
- Performing the monthly salary reconciliation, computation of salary for the incomplete month and computation of last salary for resignee including balance annual leave or deductions (if any).
- Generating payroll reports (Payroll Summary and Bank List) for your approval and advising you of the total remittance required for each month’s payroll.
- Crediting of net salary payment directly into employee’s bank account.
- Preparing payslips for your employees.
- Computation of monthly CPF contributions and arranging payment to the CPF Board on your behalf via electronic CPF online.
- Preparing year-end bonus and other incentive payments.
- Process claims from MINDEF for employee on reservist training.
- Year-end preparation of Form of IR8A/S (Return of Employee’s Remuneration) for submission to the Inland Revenue Authority of Singapore (IRAS).
- HR administration records such as Annual Leave, Medical Leave and Employee Insurance. Administration. Apart from such records, we can assist in promotion/performance evaluation exercise.
- Liaise with the relevant Government Authority with regards to Maternity Leave and National Service (NS) Claim Application.
- Preparation of all the necessary documentation and submission.
- Assistance in drafting employment contracts and Employment Handbook to comply with Employment Act and the CPF Board
VALON can be your resource and business partner in Asia. Should you wish to receive more detailed information on VALON, please do not hesitate to contact us at enquiry@valoncorp.com.