YSNG Payroll Outsourcing Services - more info

YSNG recognises that strategic focus needs to drive your business activities. Attaining a distinct competitive advantage is a critical objective that concerns your entire organisation. Therefore you need to keep your resources lean and aligned to core business functions. It is difficult to carry this out when non-core, non-strategic function burden your time and budget. If operating your non-core functions has become a critical issue for your organisation, it is time to turn to YSNG’s e-Outsourcing Practice.

Our Payroll Services Approach

Once viewed as a means to reduce cost, our Payroll Services is now packaged as a strategic management alternative to enable our business partners to achieve operational efficiency and competitive advantage. In order to achieve success in the provision of Payroll Services, we adopt the following core values: Accuracy and integrity Confidentiality of client information Professionalism of our Consultants Promptness and continuity of services to our clients We provide an integrated and customised approach for individual clients, since we recognise that each client has different requirements. Hence it takes a right combination of the above values to fulfill clients’ requirements. As we are dealing with sensitive employee and client information, you can be assured of thoughtful services from our trained personnel.

Our Scope of Services

Payroll Services : 1. To compute client’s payroll on an agreed frequency (eg monthly); 2 . To submit monthly deduction and contributions together with the relevant documentation to the Inland Revenue Board (IRB), EPF and SOSCO based on the schedule provided by the authority on client’s behalf; 3 . On a yearly basis, to prepare the Form E (Employer’s Return) and Forms EA (Employees’ Return) for submission to the IRB at the end of the year. A copy of the EA will also be provided to the individual employees for their personal submission to the IRB; 4. To produce the following reports: o Income and deduction schedules; o Bank listing; o Payslips; o Borang A, KWSP6 (EPF); o Borang 8A (SOCSO), EIS; and o CP38 (Income Tax).

Company No. 200401029010 (667518-A)