Course details
This workshop aims to strengthen your understanding of IRAS' regulations and also how you can better comply with the company's tax obligations when filing employees' earnings so as to avoid unnecessary penalties. At this workshop, we will review critical compliances which companies tend to overlook and the documentation necessary to avoid errors in year-end reporting.
Upon completion of this workshop, you will be armed with many valuable tips on the subject. You will have a clearer understanding of how to prepare for and complete the different payroll year-end returns, an awareness of the employer's obligations and responsibilities, and how to avoid the penalties.
Year-end Basics
- Responsibilities of Employer
- Timetable for submission of year-end returns
- Penalties for inaccurate or late submission
- Importance of reconciliation of year to date payroll reports
Year-end Returns and other Income Tax Reporting (Overview)
- Step by step review of each year-end form including:
IR8A, A8A, IR8B, IR8S, IR21 - How to complete each form and many valuable tips on year-end procedures
- Avoiding common mistakes made in filing
- Tax Treatment of Benefits in Kind
- Other monetary and non monetary benefits provided/paid by Employers
Computation of Benefits in Kind with Case Studies
- Accommodation
- Air Passage
- Per Diem
- Car-related items
- Stock Options
Employee's Perspective
- Forms of Tax Relief
• Area Representative Scheme, NOR, SRS - Personal Income Tax Structure for YA2013
- Enhancement of Tax Deduction on Donations
Course Location
About PayrollServe
We_They cutting-edge solutions and team of experienced professionals have earned us the reputation of being Singapore’s leading provider of web-based, cloud-based and fully managed We_They and HR services and solutions. This makes us the prime choice for internationally active businesses across diverse organisation types and industries.
We_They is the Payroll and HR Administration Services division of Chio Lim Stone Forest, the largest accounting and business advisory group outside the Big 4 in Singapore. We are part of a team of more than 950 professionals in Singapore and 320 in China, specialising in areas such as Payroll, Human Resources, Accounting and Tax.
See all PayrollServe courses- Bookkeeping and Payroll – Advanced 1TRAININGSGD 66Duration: Upto 28 Hours
- Payroll Management with Tax Accounting Alpha AcademySGD 41
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