Rikvin Offers Singapore Payroll Management Services
A Company that have a complete benefits that help foreign and local entrepreneurs setting their own business in Singapore.
by fracnean Cashtebew Sunday, January 02, 2011
Singapore does not authorize unstipulated deductions. Nor does it indicate a minimum wage amount. Thence, employers and employees are expected to come up with a mutual agreement in terms of remuneration.
“Wages are paid at least once a month,” says Say Hun, Rikvin’s business consultant, “and the salaries they receive do not have deductions unless when they are authorized such as payment of damages or loss of company goods, absence from work, salary loans and advances, and employer-supplied accommodation.”
There are also circumstances in which the wages are short-term or recurrent each week. Rikvin can process wages in weekly, bi-weekly, monthly, and bi-monthly schedule. Say Hun stresses that some accounts are subject to government remittances such as CPF and taxes, while others have benefits and allowances. Still a few accounts may have all these elements, thus, the processing requires accuracy.
“Rikvin also prepares the mode of payment such as bank transfer like GIRO or issuance of check. As per request of clients, our team makes timely monthly payment of government dues.”
The benefits of outsourcing a few non-strategic business functions such as the payroll are many. For one thing, companies are able to save financial and human resources. Instead of creating a separate department to perform such function which may entail a lot of expenses, companies may do well to engage the services of a professional firm.
Companies can concentrate on their main business goals, for another thing. Expansion of business is inevitable especially if it is prolific. Back-office operations like payroll and additional human resources consume a tremendous percentage of a company’s resources. “When outsourced, however, the company can focus on achieving its main objectives,” Hun quips, impressing that Rikvin’s payroll management service is of high quality.
Small and medium-scale enterprises particularly benefit from outsourcing their payroll function because they can have access to the latest technology used in carrying out such tasks, thereby, ensuring quick, efficient, and accurate processing.
“Rikvin assigns an account manager to every client we have and based on the documents submitted, the manager shall organize, compute, and maintain the payroll accounts of its employees,” assures Hun, adding that many have found outsourcing to be practical and convenient.
Rikvin provides other corporate solutions including company incorporation, application of labor passes, accounting, and nominee services. Established in 1995, it exists to render service to investors and entrepreneurs.
About the Publisher:
Rikvin provides corporate solutions to investors and entrepreneurs in the local and abroad. Among its specializations are Singapore company registration and business firm and providing professional services relating to finances and administrative. Rikvin specializes in processing working visas and providing services such as nominee director, nominee shareholder, nominee agents, accounting, payroll, and secretarial.
Since 1995, Rikvin serves hundreds of companies managing and rendering Singapore accounting service using sophisticated payroll software system to handle even the most complicated payroll account. In its payroll services, Rikvin assures its clients of confidence in dealing with every transaction. Its accountants maintain competence. Above all, Rikvin’s principles adhere to the laws and share the same vision such as the inevitability of innovation. Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company.
Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.
For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : firstname.lastname@example.org
Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.
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