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Showing posts from March, 2024

Demystifying AIS Submission to IRAS: A Comprehensive Guide by Adaptive Pay Solutions

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  Key takeaway: According to Section 68(2) of the Income Tax Act, if your company has 5 or more employees, you're required to enrol in the AIS. This also applies to companies with fewer than 5 employees if they've received a ‘Notice to File Employment Income of Employees Electronically’ under AIS. If you have 5 employees and haven't joined the AIS yet, it's recommended that you do so. The AIS allows employers to electronically submit their employees' employment income information to the Inland Revenue Authority of Singapore by March 1 of each year. Understanding AIS AIS aims to simplify tax filings for employees by allowing employers to submit employment income directly to IRAS online. Employees can go to myTaxPortal to check their payslips to see their employment income and auto-included information through the ‘Income, Deductions and Relief Statement’ when they file their individual income tax returns. In this guide, we will share more details about AIS to make su

Navigating Work and Celebrations: Your Ultimate Guide to Singapore Public Holidays with Adaptive Pay

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  As a business owner, you want to ensure continuity and avoid disruptions to your daily operations. How can you do this while still accommodating employees who need time off for cultural or religious celebrations? A cloud-based leave management system can help you achieve these goals. With this system, you can easily approve leave requests and monitor attendance or absences to support seamless operation and employee well-being. This feature is available in Adaptive Pay’s comprehensive HRMS. Unlike other HR software solutions, our powerful, all-in-one platform allows you to manage your business from a centralised platform accessible anytime, anywhere. With Adaptive Pay, it's easier to oversee every critical human resource task — including leave management, payroll, and attendance and roster — to make your HR processes much more efficient. How can a cloud-based HRMS help your business navigate Singapore public holidays? Singapore's multicultural landscape is shaped by its