& stories

IR8A and Auto Inclusion Scheme (AIS) guide for employers (Updated for YA23)

Preparing and submitting IR8A as an employer can be a time-consuming and overwhelming process. Thankfully, you can submit your employee’s income records to IRAS electronically via the Auto-Inclusion Scheme. Find out more about IR8A, Auto-inclusion scheme as well as how a good HR and payroll software can help you with IR8A and AIS submission in […]

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Payboy on National Day Rally 2021

Here are some key highlights from the National Day Rally which we find meaningful to share with business owners and customers: Supporting lower-wage workers What is the Workfare Income Supplement Scheme? What is the Progressive Wage Model (PWM)? Will the Progressive Wage Model be extended to more sectors? What is the floor wage for all […]

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SME grants and schemes guide for business owners

This article has been updated as of 18 March 2022 Being a business owner can be rewarding and yet challenging to keep the business relevant and sustainable. Thankfully in Singapore, the Government has rolled out many initiatives to help businesses improve their operations by adopting IT solutions, tide through this period of uncertainty, as well […]

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5 Things Every Entrepreneur Should Know About SDL (Skills Development Levy)

1. What is SDL? In its simplest terms, the Skills Development Levy is a levy imposed by the Singaporean Government to create a source of funding for grants applied by employers to upgrade their employees under the national Continuing Education and Training system. Singapore’s Skillsfuture SG initiative was created to improve and leverage on the […]

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4 Key Things Every Entrepreneur Must Know About Getting a Work Visa or Permit in Singapore

Singapore is the quintessential hub for all things business globally in 2017. Across any industry, from FinTech to eCommerce, our little nation has developed sector abound sector to become the best country to start a business. It’s no wonder then that entrepreneurs and business owners from all over the globe are looking to Singapore to […]

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What Are The 5 Most Important Things You Need to Know About Statutory Contributions?

What exactly is a statutory contribution? Statutory contributions are contributions mandated by law to be made by both employers and employees, failure of which would incur fines and penalties. It bears similarities to a tax deduction, however these contributions usually hold a more direct effect to those contributing it. What are the 5 types of […]

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What Are The 8 Most Common Pain Points Faced in Payroll Management?

Payroll management is one of the most dreaded jobs for a HR employee. It is time-consuming, burdensome, and very seemingly a dispensable task. Most human resource management professionals know payroll management is an essential business function but would find technology applications to ease the workflow. A proper payroll management system is essential for a well-functioning […]

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What are Itemized Payslips and what's the big fuss over it?

If you have been working in Singapore recently, there has probably been one phrase that popped up more frequently than ever – itemized payslips. A term that simply complemented your payday has now gotten more sophisticated, more regulated and more complicated. So what exactly is the fuss over itemized payslips? And how does it affect […]

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