Provider directory
Payroll outsourcing for consultancies and professional services firms
Consultancies and professional services firms tend to have salaried professional staff, but their payroll still carries complexity: performance bonuses, project allowances, overseas assignments and benefits that must be reported at year end. A generic payroll service may handle the base salary but miss the rest. The right provider handles variable pay, expense reimbursements and employees working outside Singapore, while keeping data confidential.
In short: Consultancies and professional services firms usually need bonus and commission processing tied to performance cycles and reimbursement of expenses through payroll where appropriate from a payroll outsourcing provider. Check the questions below before you choose, or describe your need and get one to five free introductions.
What consultancies and professional services firms need from payroll outsourcing
- Bonus and commission processing tied to performance cycles
- Reimbursement of expenses through payroll where appropriate
- Handling of staff seconded or working overseas
- Year-end reporting of benefits in kind
- Payroll cost allocation by team or practice
- Integration with the firm's HR and accounting systems
Questions to ask a provider
- How do you handle employees working on overseas assignments?
- How do you treat benefits in kind for year-end reporting?
- Can you post payroll journals directly to our accounting system?
- How do you process mid-year salary changes and promotions?
Pitfalls to avoid
- Benefits paid outside payroll are often missed in year-end reporting
- Overseas assignments can create tax and social security issues in other countries that need specialist advice
- Bonus timing mistakes can lead to incorrect CPF contributions
More on payroll outsourcing
Our guide to finding a payroll outsourcing provider in Singapore covers typical costs, rules and how matching works.
Payroll outsourcing providers in Singapore
Sleek
Sleek is a revolutionary one-stop solution for entrepreneurs, SMEs and investors to register new businesses from anywhere and effortlessly manage their back office admin tasks.…
BGC Group - Recruitment, EOR & Payroll Services
BGC Group is an international recruitment and manpower outsourcing firm that identifies and delivers human capital solutions that are imperative to every successful company’s…
Elitez Pte Ltd
Elitez Group is Singapore's leading full-suite HR solutions provider, trusted by the government, enterprises, and SMEs. We specialize in recruitment, manpower outsourcing, Employer…
AG Singapore
Ackenting Group is a collaborative group of professional award-winning accounting firms in Singapore and Malaysia. Headquartered in Bras Basah, Singapore, we serve SMEs and…
QuickHR | Best HR Software in Singapore
QuickHR is Singapore’s leading Payroll & HR Software, trusted by over 6,800 clients, including Unilever, AXA, Jetstar Airways, Carl’s Jr, Jollibean, Millennium Hotels & Resorts,…
Raffles Corporate Services Pte. Ltd.
Raffles Corporate Services Pte Ltd is a Registered Filing Agent with the Accounting and Corporate Regulatory Authority (ACRA). To better understand how corporate compliance is…
Payroll outsourcing for other industries
Other services for consultancies and professional services firms
Frequently asked questions
How do you handle employees working on overseas assignments?
Ask each provider this directly and compare the answers in writing. Benefits paid outside payroll are often missed in year-end reporting
How do you treat benefits in kind for year-end reporting?
Ask each provider this directly and compare the answers in writing. Benefits paid outside payroll are often missed in year-end reporting
Can FYAdvisers introduce payroll outsourcing providers that work with consultancies and professional services firms?
Yes. Describe your business and what you need, and a concierge confirms your requirements, then introduces one to five providers that fit. It is free for businesses.
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