Payroll Management
Freeing you from performing tasks that do not add value to your core business processes
Many businesses would agree that payroll is one of the top challenges in running a business. Payroll tasks can be tedious and time-consuming. An example of such tasks is ensuring proper tax amounts are taken out of employee paychecks.
TnB is among the leading payroll outsourcing companies in Singapore. At TnB, we have experts skilled in handling changes in statutory regulations, ensuring compliance and mitigating risks for your company. We can efficiently and accurately provide targeted payroll solutions for your specific business needs with the latest accounting technology available.
Flexibility through outsourcing payroll
You can decide which specific functions you want us to perform for you and which you would like to perform yourself (if any).
Maintain compliance through outsourcing payroll
In business, compliance with the authorities and compliance within a company are both crucial. By outsourcing your payroll to us, we can help you ensure that regulations such as those relating to employee tax are complied with and help you outline your employee compliance procedures.
Security through outsourcing payroll
On top of helping you comply with statutory regulations, TnB also ensures that your data is safe from risks such as fraud and payroll theft.
Cost-efficiency through outsourcing payroll
Let us help you with your payroll functions, and you will have more human resources, equipment and time on your hands. Furthermore, TnB specialises in providing payroll services, and we will be able to provide you with a broader array of resources to manage your payroll more efficiently.
You can combine our payroll services with tax planning and employee benefits planning services for a complete solution to staffing needs.
Monthly services (recurring):
- Payroll processing
- CPF filings, calculations and submissions
- Epayslips – 1 payslip in compliance with the Singapore regulatory framework
- Payroll journal entries
- Assist in the disbursement of payroll and expenses to employees bank accounts
- Employee Self Service (ESS) – for the retrieval of payslips and to manage leaves and claims
Annual/Ad-hoc services:
- Tax equalisation
- Assist in claims for statutory benefits
- Annual income tax return and tax clearance for foreigners
- Help in preparing for Singapore government surveys