Outsourced Payroll Services
In Singapore
Our service fees remain at flat rates even if there are additional payroll elements to be included in the processing. Cloud solution is adopted to achieve cost effectiveness. We are very glad to provide guidance on the mobile app.
Outsource With A Peace Of Mind
Prepare In Compliance with Singapore Employment Act
Employees are the most important resources of any company, so keeping them happy and engaged should be the ultimate goal of every employer. They can do so by ensuring that employees are paid on time, expense claims or leave records are properly maintained, and their needs are prioritized.
Now, with all the many aspects of your business, you might feel overwhelmed with all the payroll requirements. That is why it is best to outsource your payroll process or human resources function in Singapore. At Mighty Glory Corporate Solutions, we take pride in being the leading provider for outsourced payroll services in Singapore.
Payroll Processing
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Salary calculation on a monthly or fortnightly basis
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Create employee profile for new hire(s)
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Compute the last pay for resignee(s)
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Compute gross wages (with overtime, bonuses and other payroll changes) to derive net salaries and CPF contribution
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Submit CPF contributions
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Provide payroll reports for accounting purpose
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Access to Online Payslip Portal
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Access to Leave Management Portal
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Access to Online Claim Management Portal
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Prepare CPF refunds and government statistical forms
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Apply to declare annual employment income under Auto Inclusion Scheme (AIS)
Per Employee, Per Report *
* Exclude expenses payable to third parties and printing costs. Related services, other than those mentioned on the left, are subjected to additional service fees.
^ A base fee of SGD 100 is chargeable for the first 3 employees. The above rate is applicable from the fourth headcount.
Add-on:
Initial Set-Up Fee (One-Off) From SGD 150 to SGD 500 Per Company Register for CPF Submission Account (One-Off) SGD 60 Per Registration Register to Pay Monthly CPF via GIRO (One-Off) SGD 100 Per Registration Process Expense Claims (if desktop payroll or accounting software is opted) SGD 8 Per Employee, Per Report Arrange Salary Payments via Internet Banking or Cheque From SGD 200 to SGD 500 Per Month Apply for Claims under Government-Paid Leave Schemes (e.g. GPML, GPCL, NS Pay) SGD 60 Per Application Prepare Employment Contracts (or Letters of Offer) SGD 120 Per Contract Apply to Declare Employment Income Under Auto Inclusion Scheme (*WAIVED if we are the payroll agent) SGD 60 Per Company Prepare and Submit Form IR21 (Without Benefit-in-Kinds) SGD 60 Per Employee Prepare and Submit Form IR8A (Without Appendices) under AIS Scheme SGD 19 Per Employee Prepare and Submit Form IR8A (With Appendices) under AIS Scheme From SGD 80 to SGD 150 Per Employee Apply for Work Pass (if we are the payroll agent) SGD 90 Per Employee
| Initial Set-Up Fee (One-Off) | From SGD 150 to SGD 500 Per Company |
| Register for CPF Submission Account (One-Off) | SGD 60 Per Registration |
| Register to Pay Monthly CPF via GIRO (One-Off) | SGD 100 Per Registration |
| Process Expense Claims (if desktop payroll or accounting software is opted) | SGD 8 Per Employee, Per Report |
| Arrange Salary Payments via Internet Banking or Cheque | From SGD 200 to SGD 500 Per Month |
| Apply for Claims under Government-Paid Leave Schemes (e.g. GPML, GPCL, NS Pay) | SGD 60 Per Application |
| Prepare Employment Contracts (or Letters of Offer) | SGD 120 Per Contract |
| Apply to Declare Employment Income Under Auto Inclusion Scheme (*WAIVED if we are the payroll agent) | SGD 60 Per Company |
| Prepare and Submit Form IR21 (Without Benefit-in-Kinds) | SGD 60 Per Employee |
| Prepare and Submit Form IR8A (Without Appendices) under AIS Scheme | SGD 19 Per Employee |
| Prepare and Submit Form IR8A (With Appendices) under AIS Scheme | From SGD 80 to SGD 150 Per Employee |
| Apply for Work Pass (if we are the payroll agent) | SGD 90 Per Employee |
One-Off Assignment Packages
(Payroll Is Not Prepared By Us)
ELEMENTAL
(Without Appendices)- Consolidate Employment income for the Entire Calendar Year (i.e. All Pay Elements, CPF, CDAC, MBMF, SINDA)
- Prepare Form IR8A (Hardcopy or e-Submission)
- Collect and Consolidate Details of the Staff Benefit-in-kinds
- Prepare Appendix A or B (Hardcopy or e-Submission)
EXCEPTIONAL
(With Appendix A or B) **- Consolidate Employment income for the Entire Calendar Year (i.e. All Pay Elements, CPF, CDAC, MBMF, SINDA)
- Prepare Form IR8A (Hardcopy or e-Submission)
- Collect and Consolidate Details of the Staff Benefit-in-kinds
- Prepare Appendix A or B (Hardcopy or e-Submission)
** Additional Appendix requires an additional charge of SGD 48 per employee
Collection
Request for payroll changes from client via email. For example, the details of joinee(s) or resignee(s), bonuses, overtime, commission, expense claims, unpaid leaves, loans and other salary adjustments.
How We Work
Processing
Consolidate all information for review, analysis and report generation. Review the system work before sending the final report for authorised personnel to review and approve.
Approval
Send electronic notifications that payslips are ready for retrieval on the agreed payday as the approval is obtained. The details for CPF contribution will be submitted before 14th of the subsequent month.
Why Outsource Payroll Services?
In today’s competitive business landscape, more organisations strive towards finding cost–effective and productive systems that allow business owners to maximize their resources. One thing they did is to create a system that enhances their human resources and payroll processes.
While many might assume that managing payroll is simple, it takes a lot of your valuable time. Payroll preparation is a tedious, overwhelming, and confusing task, especially for a non–accounting professional. If you own a small business and you are trying to do the payroll on your own, the time spent on completing these tasks costs even higher than the estimation.
By choosing the right payroll service provider, you can rely on your outsourced payroll agent to take an entire load of payroll tasks off your desk.
Focus on what you do best and embrace a better way through outsourced payroll services in Singapore!
Benefits of Outsourced Payroll Services
Outsourcing your payroll to Mighty Glory Corporate Solutions adds value to your business. It keeps you focused on the things that matter, and it helps you meet Singapore’s regulatory requirements. Whenever you outsource your payroll service, you reap these benefits:
• Organized processes and simplified administration
• Reduced operational costs
• Increased productivity
• Time-efficiency
• Better work productivity
Why take the risks of confidentiality breaches, late payroll accounting, or incorrect payroll crediting, when you can let the experts handle it for you?
At Mighty Glory Corporate Solutions, we create a system specifically tailored to your business needs. For more details and inquiries, connect with us by calling +65 6677 4258 or writing to welcome@mightyglory.sg.
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FREQUENTLY ASKED QUESTIONS
How long do you need to generate a payroll report?
This depends on the volume of payroll changes or salary adjustments. Typically, the report will be available within 1 to 3 working days. We will ensure that there is sufficient time for review, fund transfer and other arrangements required.
Is there additional charge if the volume of salary adjustments is high?
No, our service fee is fixed at SGD 18, SGD 25 or SGD 30 per employee, depending on the number of headcount per report.
Can we use your bank account to pay the monthly CPF contributions via GIRO?
Sure. But the fund must reach our bank account before we will proceed to submit the CPF contributions.
How does my staff receive his/her respective payslip?
The employee can securely retrieve the payslips for any month from the mobile app or a specific URL created for your company. The staff can also submit the leave applications and expense claims in the same platform.
Can we opt to use desktop payroll software if we hire your payroll service?
Yes, we will respect your decision. We are using Times Software for our existing clients who have similar preference.
If your business has not chosen a system, we will recommend cloud payroll software, especially if your employees always work overtime and leave management is required. This greatly reduces the manpower and paper works required.