SBS Consulting came up with a helpful guide to payroll services in Singapore. The firm also offers GST filing, corporate & personal tax services.
Singapore (PRWEB) October 02, 2014
As a dependable Singapore payroll service, SBS concentrates on the distribution of timely electronic payments to the employees. Payroll services in Singapore (http://www.sbsgroup.com.sg/singapore-payroll-services/) take into account all the factors that contribute to the accurate calculation of a salary. It assists Singapore businesses in complying with the Employment Act. The act asks them to pay their employees within seven days from the end of salary period.
“Time sheets, employee benefits, incentives, bonuses, deductions, leaves, increments are a few of the factors that are considered by the SBS payroll executives to calculate precise salaries. They also write paychecks and deposit cash or paycheck into the employee’s bank account. They generate electronic as well as carbon-based payslips for the benefit of employees. We use state-of-the-art payroll software to process our client’s payroll data,” said a veteran payroll executive in SBS Consulting.
Mid-level companies also find payroll processing a big head-ache. Those with smaller or rudimentary HR departments are affected by this time-consuming task. Singapore payroll services save them the expenditure of hardware, latest payroll software, and training of the staff members. It helps them in reassigning the employees that are freed from the yoke of payroll processing to some other productive activities.
“Under its comprehensive Singapore payroll services, SBS Consulting also calculates and deposits CPF, SDL, CDAC, SINDA, and FWL contributions with appropriate government authorities,” said the SBS business head.
“SBS Consulting, as a dynamic business services provider firm also offers tax services in Singapore (http://www.sbsgroup.com.sg/singapore-tax-services/) for all tax payers. They need to comply with the statutory requirements issued by IRAS (The Inland Revenue Authority of Singapore). We ease up their burden of complying with the Singapore tax filing requirements,” said a tax consultant in SBS Consulting.
Firms offering Singapore tax filing services (http://www.sbsgroup.com.sg/singapore-taxation/) assist clients in tax compliance. They help them with corporate income tax, withholding tax, (Goods and Services Tax) GST filing in Singapore, etc. They offer their assistance to businesses in determining whether they need to opt for GST registration in Singapore and GST quarterly filing.
GST registration and GST filing (http://www.sbsgroup.com.sg/singapore-taxation/singapore-goods-and-services-tax-gst-information/) are compulsory of businesses that have achieved turnover of S$1 million, over the last 12 months or are expecting to cross the magic figure over the period of the next 12 months. SBS Consulting also assists some of its clients in assessing, whether it is beneficial to opt for the voluntary GST registration. Those dealing with Zero-rated supplies can claim GST exemptions on their input tax.
Today, the competition is so fierce that small, mid-level, and large corporations are finding it difficult to invest themselves in their own non-core business activities. The general market trend is to outsource as many of them to third-party service providers that offer similar services as that of SBS Consulting.
“As a trusted corporate services provider in Singapore, SBS dons different hats for offering different services. Our mission is to deliver scalable, cost-effective, and multiple business services at a place to the Singapore businesses,” said the CEO of SBS Consulting.
About SBS Consulting:
SBS Consulting Pte Ltd., is a Singapore based, company incorporation firm that started its business activities in 2010. Through its scalable and comprehensive solutions, the firm has carved a niche for itself in the Singapore business community. In Small and Medium Enterprises and big organizations, SBS has created a loyal customer base for its quality services.
SBS Consulting Pte Ltd
35-B Hongkong Street,
Singapore - 059674
Tel: +65 6536 0036