Comprehensive Singapore Payroll Services by WLP
WLP offers a comprehensive range of Singapore payroll services, designed to meet your unique business needs without hidden costs. If your in-house payroll process is draining resources, we’re here to help. We can answer all your payroll-related queries and provide customized solutions tailored to your business.
Outsourcing payroll services in Singapore means handing over non-core administrative tasks to a reliable provider, allowing you to focus on your business’s key areas. With expert payroll support, you can avoid worrying about compliance and employee well-being, freeing up valuable time to concentrate on core operations.
We utilize cutting-edge cloud-based payroll software for accurate payroll processing, with features like project costing and mobile apps for employees to access their payroll data. As a trusted payroll service provider, we ensure seamless compliance with the Singapore Employment Act.
Outsourced Payroll Services in Singapore
WLP has provided payroll consultation and support to Singapore-based SMEs for several years. Our payroll solutions include:
- Handling complex payroll accounts
- Processing payment instructions
- Salary calculation, tax deductions, and tax reporting
- Filing bank payments
- Preparing electronic and hard-copy payslips
- Generating statutory payroll reports
Timely Payroll Processing for Your Business
As an essential business hub in Asia Pacific, Singapore is strict in enforcing employment laws, including the requirement for employers to pay employees within 7 days of the salary period’s end. Failure to comply can result in penalties from the Inland Revenue Authority of Singapore (IRAS).
Payroll is one of your business’s key responsibilities and must be handled promptly. By outsourcing to a specialized payroll provider, you ensure accurate and timely payments, keeping your employees satisfied and maintaining a strong business reputation.
Dealing with the Auto-Inclusion Scheme (AIS)
Under the Auto-Inclusion Scheme (AIS) for Employment Income, employers must submit employees’ income to IRAS electronically. Many companies mistakenly believe that payroll computation and tasks like managing employee benefits, government contributions (e.g., CPF), tax filings, and creating confidential payslips are straightforward. However, keeping up with attendance records, handling payroll issues, and complying with tax and statutory requirements is time-consuming.
Moreover, ensuring secure management of payroll data, maintaining accurate records when employees join or leave the company, and addressing tax clearances or CPF refunds all require significant effort. Managing payroll internally can damage your company’s brand and employee relations if mistakes are made. This is why many small business owners, Pte Ltd companies, and SMEs in Singapore prefer outsourcing payroll services for a comprehensive range of solutions.
The High Cost of In-House Payroll Management
If you’re still handling payroll in-house, you already understand the resources and infrastructure required, along with the strain on your HR staff. It increases operational costs and wastes valuable time. Outsourcing payroll to a specialized service provider ensures compliance with the Employment Act while maintaining efficient operations.
WLP offers affordable and customized payroll services, using the latest technology to deliver tailored solutions to small, medium, and large businesses in Singapore.
Why Outsource Payroll Management in Singapore?
In today’s business landscape, payroll is far more than just processing employee payments. Handling payroll in-house requires specialized payroll professionals, advanced software, and significant time investment. By outsourcing payroll to an experienced provider, you free up your team to focus on core business objectives, improving customer relations, developing marketing strategies, or pursuing growth.
Benefits of Third-Party Payroll Outsourcing in Singapore:
- Comprehensive payroll services, including adjustments, overtime, and other variables
- Employees can access electronic payslips
- Complete statutory compliance and peace of mind
- Year-end payroll tax support (e.g., IR8A/S)
- Real-time payroll management and reporting
- Keeping up with legislative changes and statutory reporting requirements
- Data confidentiality and security
- No need to invest in expensive payroll systems or employee training
- Cost savings by avoiding the need for in-house payroll specialists
- More time and resources to focus on revenue-generating activities and boost productivity
How WLP Streamlines Your Payroll Process in Singapore
When you partner with WLP for payroll services, we assign an account manager to guide you through the process. They will collaborate with you to address payroll needs, offering expert advice and ensuring payroll is processed in accordance with your policies. As a leading payroll service provider in Singapore, WLP takes care of your payroll from start to finish, ensuring full compliance with local regulations.
Contact us discuss your payroll needs or to learn more about the full range of corporate services we offer.
