Category Archives: Payroll

Employer’s CPF Contributions

Employer's CPF Contributions     As an employer, you are required to make CPF contributions at the monthly rates stated in the CPF Act. You can recover your employee's share of the contribution by deducting it from their wages.   Employees who require CPF contributions You must pay CPF contributions for your employees who are…
Read more

Hiring Smart

Hiring Smart     A client was discussing with me a Job Ad he was going to put up with a very detail Job Description, and even a more stringent Job Requirement. After reviewing through the ad, I asked him one question, "Do You have a good budget for this position? " My client said…
Read more

Penalty For Not Doing IR8A

Penalty For Not Doing IR8A   Rush to Your Desk! Year-End Employee Remuneration Reporting ( IR8A ) season is just around the corner!   [Employee Earnings (IR8A, Appendix 8A, Appendix 8B, IR8S)] All employers are required by law [S68(2) of the Income Tax Act] to prepare Form IR8A and Appendix 8A, Appendix 8B or Form…
Read more