#payroll software singapore

[smepayrollsingapore]

Advantages of Using HR Software in Companies

The HR department in any organization is sensitive as it handles the most sensitive issues in the company. Therefore, it has to be robust among other branches in the organization and this is why business leaders recommend using the latest HR system that can smooth the HR system.

Here we have mentioned the HR software in any organization.

Customize to meet the needs of the company

Every organization has a different way it is set up and the internal operation is also different along with the salary structure and company policy. This is the reason when you use HR software Singapore, you have plenty of chances to use the system according to your company's needs. You can customize that according to shift-rules, leave roles, and income tax declaration rules and create a salary structure that caters to the organization.

Better utilization of working hours

The HR department plays a crucial role to structure the employee's salary which is a painstaking task but with the help of  HR payroll software, it is quite easy to maintain the records of the employees and their working hours which was always a hard task for the authorities. With the HR system Singapore, you can easily automate the system to perform time-consuming tasks like processing payroll, and freeing up precious hours or time. The HR team also utilizes the HR system Singapore and the HR & payroll software to save valuable time. It also further allows the HR team to function better aligning with the team toward the organizational goals and focusing on how to increase employee satisfaction.

Improved employee experience

Since everyone wants to solve their issues within a short time but sometimes, due to a lack of advanced tools, this goal remains unachieved. However, with the help of HR software in Singapore, this task can be performed easily.  

Employees can use Singapore HR software for leave requests, track leave balances, upload their documents or check company policies. The best thing is that this software and its data can be accessed through mobile phones and other smart gadgets.

These are a few things that make HR software popular among companies who want to streamline their back-office operation. To know more, please visit:- https://smepayroll.com/grants.html.

[jakobarvidsson]

Payroll Software Singapore

Payroll software comes in a variety of forms, each with its own features and advantages. SME Payroll is one of the widely used payroll programs in Singapore. SME Payroll is a cloud-based payroll application with numerous functions, including time and attendance, payroll, and human resources. Additionally, it provides management of employee information, tax reporting, and computerized payroll processing. Because it offers a wide range of features and advantages, SME Payroll is a well-liked payroll system in Singapore. Additionally, it provides management of employee information, tax reporting, and computerized payroll processing. Using payroll software in Singapore like SME Payroll is frequently cost-effective for small enterprises in Singapore.

[briohrsoftware]

Who is Eligible for Paternity Leave in Singapore?

Work-life balance is of paramount importance, and this is especially true for new parents. In Singapore, the government recognizes this need and has established a comprehensive set of policies to support families during the transition to parenthood. While the focus of this article is on maternity leave in Singapore for foreigners, it's crucial to understand the broader context of parental leave policies in the country.

Maternity Leave in Singapore for Foreigners

Maternity leave is an essential policy designed to provide mothers with time to recover from childbirth and bond with their newborns. In Singapore, maternity leave is available to foreign mothers as well. To be eligible for maternity leave, foreign mothers must fall into one of the following categories:

Work Pass Holder: Foreign women holding a Work Pass, such as an Employment Pass or S Pass, are eligible for maternity leave.

S Pass Holder: Foreign women with an S Pass are also eligible for maternity leave.

Dependant Pass Holder: Foreign women who hold a Dependant Pass are eligible for                                                         maternity leave.

Besides, If you are a foreign worker you won’t get the maternity leave as per the Singapore citizen will get their leave. To be more precise, foreign workers won’t get 16 weeks maternity leave because of their eligibility criteria.

As a working mother, you have the option to choose between 16 weeks of Government-Paid Maternity Leave or 12 weeks of maternity leave based on your child's citizenship status and other eligibility requirements. This provides you with the flexibility to make the best decision for your family and career.

To find out your maternity leave eligibility and entitlement, select the statements that apply to you:

If your child is a Singapore citizen.

If you are legally married to the child’s father.

If you have worked for your employer or have been self-employed for at least 3 continuous months before the birth of your child.

Paternity Leave in Singapore

Paternity leave is equally important as it allows fathers to support their partners and bond with their newborns. Similar to maternity leave, foreign fathers are eligible for paternity leave in Singapore if they hold one of the following passes:

Work Pass Holder: Foreign fathers with Work Passes are eligible for paternity leave.

S Pass Holder: Foreign fathers with S Passes can also take paternity leave.

Dependant Pass Holder: Foreign fathers with Dependant Passes are eligible for paternity leave.

In Singapore, fathers are eligible for two weeks of paid paternity leave. The process of applying for this leave is simple and requires coordination with the employer.

Key Differences Between Maternity and Paternity Leave

Maternity leave in Singapore is longer than paternity leave, which allows mothers to recover from childbirth and bond with their newborns. Paternity leave is relatively shorter, but it provides fathers with an opportunity to support their partners and create a strong bond with their children. Eligibility criteria vary slightly.

Foreign workers in Singapore can take maternity and paternity leave, depending on their work pass type, reflecting the government's pro-family policies.

Family Leave Policies in Singapore

In addition to maternity and paternity leave, Singapore offers several other family-related leave options, including adoption leave, shared parental leave, and childcare leave. These policies cater to various family structures and needs, providing additional support to families residing in the country.

Challenges and Considerations

While Singapore's family leave policies are progressive, there are still challenges and considerations to navigate. Balancing work and family life can be complex, and cultural and societal perspectives may influence choices. Employers also play a vital role in creating a supportive environment that encourages the use of family leave policies.

Conclusion

Maternity leave is crucial for families in Singapore, whether they are locals or foreigners. Policies are evolving to create a more inclusive and supportive work environment. Understanding eligibility and benefits helps create a balanced, family-friendly society.

[netiquettesoftware]

Choosing the Right Accounting Software for Your Singaporean Startup!

Starting a new business in Singapore is a thrilling venture, but it comes with its own set of responsibilities, particularly in terms of financial management. Among the pivotal decisions you'll need to make is selecting the ideal accounting software to handle your startup's finances. In an era driven by digital technology, efficient and dependable accounting software is a cornerstone for your business's success. Let's delve into the process of choosing the perfect accounting software for your Singaporean startup.

1. Evaluate Your Business Needs

Before plunging into the world of accounting software, it's essential to take a step back and evaluate your startup's unique requirements. Consider aspects such as the size of your business, the complexity of your financial transactions, the number of employees, and the specific accounting tasks you need to perform. This assessment will help you pinpoint the features and functionalities vital for your accounting software.

2. Cloud-Based vs. On-Premises

The next decision to make is whether you prefer cloud-based or on-premises accounting software. Cloud-based solutions, often referred to as Software as a Service (SaaS), offer the advantage of accessibility from anywhere with an internet connection. On the other hand, on-premises software is installed and operated from your local servers. Many startups in Singapore opt for cloud-based solutions due to their flexibility and cost-effectiveness.

3. Consider Local Compliance

Singapore has specific accounting and tax regulations that businesses must adhere to. Therefore, it's crucial to search for accounting software that is specifically designed to meet Singapore's regulatory requirements, including Goods and Services Tax (GST) reporting and compliance with the Singapore Financial Reporting Standards (SFRS).

4. Scalability

Contemplate your startup's growth potential. The selected accounting software should be capable of scaling alongside your business. This means it should be able to handle an increasing number of transactions, employees, and accounts as your startup expands.

5. User-Friendly Interface

Usability is paramount, especially if you don't have an extensive background in finance. Choose accounting software with an intuitive user interface that simplifies financial tasks like invoicing, expense tracking, and payroll management.

6. Integration Capabilities

Consider whether the accounting software can integrate seamlessly with other essential business tools you use, such as customer relationship management (CRM) software or a payroll management system. Integration reduces manual data entry and ensures data consistency.

7. Security Measures

Financial data is sensitive, so it's imperative to ensure that the accounting software you choose has robust security measures in place. This should include features like data encryption, secure backups, and user access controls.

8. Support and Training

Check if the software provider offers adequate customer support and training resources. Timely assistance can be invaluable if you encounter any issues or have questions about utilizing the software effectively.

9. Cost and Pricing Structure

Understand the pricing model of the accounting software. Some options charge a monthly subscription fee, while others offer one-time purchase licenses. Take into account your budget and the long-term costs associated with the software.

In conclusion, selecting the right accounting software can significantly contribute to the success and growth of your Singaporean startup. By evaluating your business needs, considering local compliance, and assessing factors like scalability and security, you can make an informed decision. Choosing the perfect accounting software establishes a strong foundation for your financial management and positions your startup for future success.

[roberthenry02]

Singapore Payroll Software

Payroll Software: Learn About Its Features

Processing payroll is an important part of running a business, even if it's not the most exciting part. Payroll software has been around since the 14th century, which is much longer than we might think. Any business need that will last that long won't go away any time soon.

Thanks to the way technology has changed, payroll software makes the process easier and faster. But what is payroll software Singapore, and what does it do?

What is Payroll Software?

Online payroll software is used to make employee payments easier to track and manage. It handles and automates payments to employees, making sure that paychecks arrive on time and that local and federal rules are followed. Human resource teams are freed up by payroll software to do other things, like planning and budgeting.

Singapore payroll software was created because business owners realised it was important to keep track of purchases, sales, and all company finances in order to run a successful business. You know how important that is because you are smart and good at business. But it can be hard and time-consuming for a business of any size to keep track of these kinds of finances.

Features

Accounting and HR departments can appreciate Singapore HR software for being able to handle most of the payroll work. There isn't much a payroll system can't do for you, from making it easy to store basic employee information to make sure you know about the latest tax laws.

Payroll automation works with back-end systems that are already in place. It does the hard work of figuring out time, wages, and taxes while keeping compliance. Some of them are part of a human resource information system (HRIS), which helps HR functions get done.

Payroll Management

Payroll management is the most obvious way that HR software can be used. The fact that wages are calculated automatically on a fixed schedule is a huge plus. Often, small steps need information like payroll schedule, EIN, employee classification type, and state ID number.

Keeping track of time and attendance

A payroll system's ability to track attendance and time can be the most useful feature for any business that pays employees by the hour. These systems keep track of things like absences, sick days, hours worked, overtime, and more. Then, they make sure that all of this information is in sync so that payroll can be done quickly.

Tax Filing

Do you find it hard to think about tax law? If that's the case, automating this hard task will feel like a relief. Keeping up with changing rules and understanding how state and federal tax laws are complicated takes time and work.

Tax laws change all the time, but thankfully, payroll solutions are updated automatically. When it's time to file taxes, your payroll system may send you the forms and have them already filled out.

Financial Management

Your payroll solution will take care of managing costs, benefits, and bonuses. A payroll system keeps track of and figures out the costs of having employees.

General Forms

HR software Singapore can also help by making different reports and summaries. Your system might be able to make reports, like pay stubs or reports on benefits. Systems that let employees access and print forms like their payslips or W-2s are even more helpful.

You may also use facial recognition software for your business to simplify the entry of employees.

[ultimate-hr-solution]

What Is The Key Thing That Enterprises Should Look Into For Payroll Platforms And Services?

Payroll is one of the most significant expenses for most companies, and it’s up to each company to ensure it’s done right. If you do it wrong, it could damage the morale of your staff, cost you money, and even put you in the crosshairs of the law. Here are some things to consider when looking for the best Payroll Software in Singapore

[vncglobal]

Payroll Accuracy: Tips for Error-Free Payroll Processing

The processing of payroll is an essential operational task inside an organisation, as it guarantees the accurate and timely compensation of personnel. Nevertheless, the intricacy of payroll computations and the dynamic nature of tax legislation might provide a significant challenge in undertaking this endeavour. Mistakes in payroll administration can lead to employee dissatisfaction, non-compliance with regulations, and potential legal ramifications. In order to mitigate such complexities, it is imperative to give precedence to the precision of payroll calculations. Discover the strategic advantages of outsourcing your payroll to VNC Global - an excellent Payroll management company in Singapore. Choose VNC Global for secure and cost-effective payroll management.

This blog post aims to examine key strategies that can facilitate accurate payroll processing and enhance search engine optimisation (SEO) endeavours.

●    Stay Informed About Tax Laws:

Keeping up-to-date with tax rules is crucial for maintaining payroll accuracy due to the frequent changes in tax regulations. It is imperative to consistently assess and examine the tax regulations at the federal, state, and municipal levels in order to guarantee adherence and conformity. It is advisable to utilise tax compliance software or seek guidance from tax professionals in order to ensure the maintenance of an updated payroll system.

●    Implement Robust Payroll Software:

It is advisable to allocate resources towards the acquisition of dependable payroll software capable of managing intricate computations and streamlining diverse payroll procedures. These technologies have the potential to reduce errors that are commonly associated with human calculations and data entry. Some commonly used payroll software alternatives are ADP, Gusto, and QuickBooks.

●    Maintain Accurate Employee Records:

It is vital to ensure the up-to-dateness and accuracy of all employee information, encompassing tax forms, personal particulars, and bank account details. The presence of erroneous personnel data can result in payment inaccuracies and non-compliance concerns. It is imperative to consistently assess and revise employee records. Experience the peace of mind that comes with organized financial records. Connect with VNC Global - the most trusted provider of Bookkeeping services for small businesses in Singapore and transform your business together.

●    Use a Standardized Payroll Process:

Establishing a standardised procedure for payroll processing entails the development of a comprehensive framework that delineates the sequential stages involved, commencing from the first data entry phase and culminating in the distribution of the payroll. Ensuring uniformity in payroll operations can aid in mitigating the probability of errors.

●    Double-Check Calculations:

Despite the utilisation of sophisticated payroll software, it remains imperative to conduct a thorough verification of computations in order to identify and rectify any potential errors. Incorrect payments can occur as a result of a minor error during data entry or due to a software malfunction. It is imperative to conduct a comprehensive examination of each paycheck prior to initiating the payroll processing procedure.

●    Cross-Train Payroll Staff:

To mitigate the risk of excessive dependence on a sole payroll administrator, it is advisable to implement cross-training measures for the payroll staff. It is advisable to implement a cross-training programme for the payroll workforce, ensuring that multiple employees have the necessary skills and knowledge to effectively manage payroll tasks. Implementing this measure will effectively mitigate potential interruptions that may arise due to personnel turnover or absence.

●    Conduct Regular Audits:

It is recommended to conduct regular audits of the payroll system in order to rapidly identify and resolve any problems or anomalies that may arise. These audits have the potential to identify any potential concerns prior to their escalation into severe difficulties. Maximize your time and resources by outsourcing your Accounting services for small businesses in Singapore to VNC Global. Request a quote to simplify your financial tasks.

●    Seek Professional Help:

It is advisable to explore the option of engaging the services of a professional payroll service provider in order to outsource your payroll processing. These organisations possess expertise in payroll and tax compliance, hence diminishing the probability of errors.

Final Thoughts:

The maintenance of payroll accuracy is of utmost importance in ensuring employee satisfaction, adhering to tax requirements, and mitigating potential legal complexities. One can effectively decrease errors in payroll processing by acquiring knowledge of tax rules, utilising dependable software, upholding precise record-keeping practises, and adhering to standardised procedures. Furthermore, the implementation of routine audits and the utilisation of professional assistance, when deemed essential, can significantly augment the level of accuracy. Ensuring payroll accuracy is crucial not only for the welfare of employees but also for the prosperity of the organisation.

Effortlessly manage your payroll with a tailored payroll system in Singapore. Reach out now to VNC Global’s accurate Payroll management system in Singapore and see how we can enhance your payroll processes.

[plbizconsulting]

Take Benefits from the Service of Expert Accountants

The future of the small business is unquestionably in outsourcing. Outsourcing is still the best way to cut costs, whether it is done offline or online. Outsourcing can be used for a wide variety of tasks. Every company out there has an accounting department, but that has not stopped accounting from being outsourced. Any size of organization can now take advantage of convenient Corporate Services In Singapore.

You may be beginning to question how exactly these accountants help businesses. Secure servers allow you to transfer sensitive information over the internet without worrying about being a victim of identity theft or other forms of online fraud. Both public and private businesses can take use of these timely and precise online accounting services.

Large teams of qualified and accredited accountants usually offer these services from a central location. This means that within a team, there might be a wide variety of accounting expertise. Some are Corporate Secretarial Services who are tasked with managing the financial records of businesses both large and small. Management accountants are another type of financial expert who keep tabs on a business's revenue and expenditures

. There is also a specialized group of people called internal auditors who check the work of external auditors. Their job is to scrutinize your financial records for signs of wrongdoing, such as fraud or misuse of company funds. You can also outsource your accounting needs to qualified and experienced Corporate Secretarial Singapore.

You can find accountants online for whatever service you would need, including filing tax returns, managing payroll, handling accounts payable and receivable, and conducting audits. Your reluctance to trust complete strangers with your sensitive financial data may be stopping you from using online Accounting Services In Singapore.

Many entrepreneurs worry about this very thing. Online accounting services that may be trusted are, however, supplied by individuals who respect their clients' right to anonymity. You should ask your preferred contractor about their policies on internet privacy before hiring Corporate Secretary In Singapore. The infrastructure of online bookkeeping services is straightforward. The client is required to make duplicates of their book collection. So, the supplier will expect that you employ a bookkeeper to compile and maintain these records.

The contractor's shared fax can receive copies directly. Scans could be sent or uploaded to a secure server owned by your remote worker. When you hire certain Singapore Accounting Firm, the company may ask you for the login credentials to the online accounting software you prefer to use.

Creating a variety of financial reports is as easy as logging in and uploading the necessary source materials. When establishing a contract with an online accounting services provider, it is highly recommended that you familiarize yourself with the system they employ. You'll quickly learn that not all companies offer the same pricing. While many businesses lean toward hourly pricing, others offer flat rates. You should check the prices of several different outsourced internet accounting firms to avoid being taken advantage 

[info-tech-systems]

Streamlined Leave Management Software for Singapore Businesses

Our Leave Management Software simplifies employee leave tracking for businesses in Singapore. Effortlessly manage leave applications, approvals, and balances, while ensuring compliance with proper regulations. The system automates leave calculations and integrates seamlessly with payroll, saving time and reducing administrative tasks.

[centrixsolutionssingapore]

Online Payroll Management Software in Singapore

#Payroll #Singapore #Software #Hr #SoftwareinSingapore

[gutachtenruhrde55]

Outsourcing payroll services malaysia

Payroll Outsourcing Services Malaysia & Singapore – Evoresource

We offer bespoke payroll solutions that help clients manage payroll processing, statutory compliance, payroll tax filing, and other related payroll services.

In today's dynamic business environment, managing payroll can be a daunting task. As companies expand, the complexities of handling payroll functions multiply, making it essential to have a reliable and efficient system in place. Evoresource stands out as a premier provider of payroll outsourcing services in Malaysia and Singapore, offering businesses a seamless solution to manage their payroll processes effectively.

Why Choose Evoresource for Payroll Outsourcing?

Expertise and Experience

With years of experience in the industry, Evoresource has honed its expertise in payroll management. Our team of professionals is well-versed with the latest regulations and compliance requirements in both Malaysia and Singapore. This ensures that your business stays compliant with local laws while streamlining payroll processes.

Customized Solutions

Every business is unique, and so are its payroll needs. Evoresource provides customized payroll solutions tailored to meet the specific requirements of each client. Whether you are a small business or a large enterprise, our services are designed to scale with your growth, providing you with the flexibility and support you need.

Advanced Technology

At Evoresource, we leverage cutting-edge technology to deliver efficient payroll solutions. Our advanced payroll software automates various payroll functions, reducing errors and ensuring accuracy. This technology integration also allows for seamless data management and easy access to payroll information, enhancing overall operational efficiency.

Cost-Effective Services

Outsourcing payroll can lead to significant cost savings for businesses. Evoresource offers competitive pricing models that provide excellent value for money. By outsourcing payroll to us, you can eliminate the need for in-house payroll staff and reduce the costs associated with payroll processing, such as software and training expenses.

Key Benefits of Payroll Outsourcing with Evoresource

Compliance Assurance

Staying compliant with local labor laws and tax regulations is crucial for any business. Evoresource ensures that your payroll processes adhere to the latest legal requirements in Malaysia and Singapore. Our team keeps up-to-date with regulatory changes, minimizing the risk of non-compliance and associated penalties.

Time and Resource Efficiency

Handling payroll in-house can be time-consuming and resource-intensive. By outsourcing payroll to Evoresource, your business can save valuable time and resources. Our efficient processes and expert team handle all aspects of payroll, allowing you to focus on core business activities and strategic initiatives.

Enhanced Data Security

Payroll data is sensitive and requires robust security measures. Evoresource prioritizes data security and confidentiality. We implement stringent security protocols to protect your payroll information from unauthorized access and breaches. Our secure systems ensure that your data remains safe at all times.

Improved Accuracy

Manual payroll processing is prone to errors, which can lead to financial discrepancies and employee dissatisfaction. Evoresource's automated payroll solutions significantly reduce the chances of errors, ensuring accurate and timely payroll processing. This accuracy translates to increased employee trust and satisfaction.

Comprehensive Payroll Services Offered by Evoresource

Payroll Processing

Evoresource handles all aspects of payroll processing, including salary calculations, tax deductions, and statutory contributions. Our streamlined processes ensure timely and accurate payroll disbursements, enhancing employee satisfaction and trust.

Tax Filing and Reporting

Navigating the complexities of tax filing and reporting can be challenging. Evoresource simplifies this process by managing tax calculations, filings, and submissions on your behalf. Our expertise in local tax regulations ensures compliance and minimizes the risk of errors and penalties.

Employee Self-Service Portal

Our user-friendly employee self-service portal provides employees with easy access to their payroll information. Employees can view payslips, tax forms, and other relevant documents, enhancing transparency and reducing administrative workload.

Leave and Attendance Management

Evoresource offers integrated leave and attendance management solutions. Our system tracks employee attendance, manages leave requests, and ensures accurate leave balances, streamlining the overall payroll process.

Payroll Consulting

In addition to payroll processing, Evoresource provides payroll consulting services. Our experts offer strategic advice and insights to optimize your payroll processes, improve efficiency, and ensure compliance with local regulations.

Why Payroll Outsourcing is a Strategic Move

Outsourcing payroll is not just about reducing administrative burdens; it is a strategic move that can drive business growth. By partnering with Evoresource, businesses can benefit from:

Increased Focus on Core Activities: Outsourcing payroll allows you to concentrate on core business activities and strategic initiatives, driving growth and profitability.

Access to Expertise: Gain access to a team of payroll experts who stay updated with the latest regulations and best practices.

Scalability: Our solutions are designed to scale with your business, providing the flexibility to adapt to changing needs.

Risk Mitigation: Minimize the risk of non-compliance and errors with our reliable and accurate payroll services.

Conclusion

Evoresource is committed to providing top-notch payroll outsourcing services in Malaysia and Singapore. Our expertise, advanced technology, and customized solutions make us the ideal partner for businesses looking to streamline their payroll processes. By choosing Evoresource, you can ensure compliance, improve efficiency, and focus on what matters most – growing your business.

Contact Us :

Payroll Outsourcing Services in Malaysia and Singapore.

Phone : +603-6731 1570

Email  : ask_us@evoresource.com

Get more information : Evo Resource

[small-audit-firm-in-singapore]

Top SME Accounting Software Solutions for 2024 in Singapore

Small and medium-sized businesses (SMEs) in Singapore must choose the appropriate accounting software to guarantee compliance and expedite financial processes. The best SME accounting software options available in Singapore for 2024 are as follows:

Xero: Prominent for its intuitive UI and cloud-based functionalities, Xero provides extensive functions including payroll, bank reconciliation, and invoicing. Because it easily connects with a wide range of third-party applications, it's perfect for expanding SMEs.

QuickBooks Digital Edition: The scalable and feature-rich QuickBooks Online is well-liked by small and medium-sized businesses (SMEs) and offers all the necessary accounting capabilities, such as inventory control, spending monitoring, and financial reporting. Its mobile app guarantees that entrepreneurs can handle their money while on the go.

MYOB: MYOB has been a popular option for Singaporean companies for a long time. It is renowned for being user-friendly and having features that are tailored to the country's tax laws, such as GST reporting. It gives consumers freedom by offering desktop and cloud options.

Sage Business Cloud Accounting: Designed for small organizations, Sage Business Cloud Accounting provides robust features for cash flow monitoring, spending management, and invoicing. It is a good option for SMEs due to its integration capabilities and user-friendly dashboard.

Autocount: Designed with the Asian market in mind, Autocount offers payroll and inventory management in addition to strong accounting capabilities. Singaporean SMEs especially benefit from its GST compliance solutions.

These accounting software programs increase productivity and simplify financial administration, allowing SMEs in Singapore to concentrate on expansion.

[netiquettesoftware]

What You Need to Know About PSG?

Technology has taken up most part of our lives. Working from home has been more common than ever, since the pandemic of COVID-19. Being able to keep track of your businesses online using smartphones or any other devices is now possible with all the online cloud systems available in the market. With that, the Singapore government encourages SMEs in Singapore to adopt IT solutions and equipment for their businesses by introducing the Productivity Solutions Grant which has up to 80% funding support.

What is Productivity Solutions Grant (PSG)? PSG serves as an avenue for companies keen on adopting IT solutions in long-term technology investments to enhance their business processes. The PSG supports sectors including retail, finance, logistics, engineering, food and landscaping industries. According to the Supplementary Budget 2020, PSG will be further enhanced with the maximum funding support of up to 80% from 1 April 2020 to 31 December 2020.

How will PSG benefit your company?

With PSG, we believe that SMEs can now improve their company’s performance by reducing the hassle of traditional paperwork and move towards technology that can simplify business processes. SMEs are able to maximize their marketing strategy through social media marketing, online marketing, and search engine optimization (SEO), to build the foundation of the website and optimize on-page content. Your company is your brand. It is important for companies to have an escalating marketing strategy which is resistant in unlimited duration.

In addition, SMEs would be able to also utilize cloud base software systems to operate their businesses to keep track of their available inventories and account balances.

Since the pandemic has created a situation requiring people to stay home, online marketing campaigns and events have set a new trend. If a company is already fully utilizing IT solutions and equipment, it can make do with what they have to adapt to the current situation.

Is your company eligible for PSG?

SMEs that are interested in applying for the PSG must be registered and operating in Singapore. Hence, the purchase, lease, or subscription of the IT solutions or equipment must only be used in Singapore as well. Companies must also have a minimum of 30% local shareholding with the company’s group annual sales turnover of less than S$100 million or less than 200 employers.

SMEs could visit the business Gov Assist website https://www.gobusiness.gov.sg/productivity-solutions-grant/ for detailed step-by-step guidance. Next, SMEs have to obtain a quotation from the pre-approved vendor in order to provide the details needed when submitting the application to BGP.

Submitting an application to BGP:

Login into The Business Grants Portal

The select business sector and grant type

Verification of your eligibility status

Fill in details of the contact person

Submit your proposal and fill in details of the equipment/IT solution

Provide details of the project cost

Answer questions on potential business impact

Review of declarations and acknowledgement

Submit

To know more about Productivity Solutions Grant Software, check out here.

[roberthenry02]

If you're looking for a cloud-based Singapore payroll systems for small and medium businesses in Singapore, SME Payroll is the right solution. As a professional payroll service provider, we offer various features and benefits. This payroll software can help you manage your payroll and human resources processes in one place. It also provides automatic processing of payrolls, tax reporting and other important features at a fraction of the cost.

[futresg]

Proof Your Finances: Experience Excellence with bookkeeping services Singapore

With over 15 years of collective audit, accounting, and tax expertise, our dedicated teams excel across diverse industries. Specializing in meticulous bookkeeping services singapore, seamless payroll management, global employment solutions, and e-commerce integration with accredited software vendors, we empower businesses to thrive in the ever-changing landscape. Discover our comprehensive corporate solutions and seamless Singapore incorporation services, paving the way for sustained financial growth.