New Guide on Taxation and Payroll Services in Singapore by SBS Consulting

SBS Consulting provides corporate secretarial services in Singapore to assist local and foreign entrepreneurs in company incorporation. It also offers accounting and bookkeeping services, in addition to other corporate services, like, taxation, payroll processing, GST and XBRL filing, and immigration visas and passes.

“The payroll services in Singapore assist employers in discharging their payroll related responsibilities. The Singapore employers must follow the regulations prescribed by the CPF and Employment Act of Singapore. They must pay their employees within 7 days from the end of the salary period,” said Mrs. Meena, the business head of SBS Consulting.

“SBS Consulting provides a variety of business services for its clients to shop under its one roof and many services schemes. SBS, a reputed company incorporation firm, also offers tax services in Singapore to all types of businesses and individual taxpayers,” Mrs. Meena added.

Payroll services in Singapore take special efforts in arriving at the accurate salary amount for each employee of their client. Singapore payroll processing is not an easy task. There are too many variables to make it a complicated affair.

Payroll variables like, unpaid leave, rate of pay for overtime, holidays, and employee’s tax clearance has bearing on the final amount of an employee’s salary. Employee benefits, deductions, incentives, and bonuses are also of importance. One could get penalized for payroll mistakes. The market trend is to appoint specialist Singapore payroll services.

“SBS Consulting’s payroll executives take into account the deductions for the CPF and levies related to Skills Development, the Foreign Workers and other deduction like CDAC, MBMF, CDAC, SINDA etc., while calculating the salaries,” informed a veteran payroll executive of SBS Consulting.

“Our payroll experts take great care while writing accurate paychecks and disbursing the salary amount to the employee’s bank account through online banking transaction or by depositing cash or a paycheck. We also generate electronic and carbon-based copies of salary slips for the client’s employees,” appended the veteran.

Singapore payroll services are of immense help to the Small and Medium Enterprises (SMEs). These firms do not have to buy computers, payroll software or train their professionals to process their payroll. Bigger organizations, national and international giants have realized that focusing on the core issues of their business is the key to the survival and prosperity. They outsource non-core functions, like, payroll management to the efficient payroll services in Singapore.

Singapore tax filing experts working for SBS are experienced and thorough professionals who keep themselves updated with the changes in the taxation related rules and regulations. These professionals help individual taxpayers with personal income tax, property tax, withholding tax, motor vehicle taxes, estate duties, stamp duties, etc.

The tax services in Singapore assist small business firms, companies and big corporations in (Goods and Services Tax) GST filing, (Estimated Chargeable Income) ECI filing, customs and excise duties. The quality of Singapore tax filing services rendered by SBS makes its client’s statutory compliance an academic issue.

GST registration in Singapore is compulsory for companies, if their turnover is more than S$1 million for the last 12 months, or, if it is expected to cross S$1 million over the period of the next 12 months.

“Singapore tax services help businesses in assessing the necessity of registering them for GST quarterly filing. We also help our clients in estimating whether they need permission for special GST filing,” said the taxation head of SBS Consulting.

About SBS Consulting:
SBS Consulting is based in Singapore. Since 2010, this trusted firm has been delivering efficient services for Singapore company incorporation to its local as well as foreign clients. SBS has established itself amidst the Singapore business community, as a leading provider of the business services. Irrespective of the size of its business clients, SBS provides its scalable and comprehensive services to the small, mid-level, and big organizations in Singapore.

Contact Info:
Name: Ms. Meena
Email: Send Email
Organization: SBS Consulting Pte Ltd
Address: 35-B Hongkong Street, Singapore - 059674
Phone: +65 6536 0036

Release ID: 67251