What we do

PAYROLL

Payroll is not about just paying employees. Payroll plays a critical part of a business ecosystem and has an impact on other parts of the business.

RHT MS Payroll & HR services overcome our clients’ payroll challenges by providing timely payroll information, keeping them in-step with compliance regulations and at the same time, reduce their payroll processing costs.

RHT MS core Payroll services:

Speed. Reliable. Compliant.

RHT Management Services Payroll Solutions suits business of any size. We overcome your payroll challenges by providing timely payroll reporting, keeping your payroll in-step with compliance regulations and at the same time, reduce your payroll processing costs.

Payroll is not about just paying employees. Payroll plays a critical part of a business ecosystem and has an impact on other parts of the business. Good payroll process creates happy employees. Our payroll system is a cloud based payroll software hosted at Microsoft Azure Server. Our payroll mobile app gives employees the convenience  to access their payslip, Income Tax Forms & even apply leaves using their moible Apps.

RHT MS core payroll solutions covers the following areas:

  1. Central Provident Fund (CPF) administration

Have peace of mind that CPF and other mandatory employers’ and employees’ funds payments are calculated, submitted and paid on your behalf.

  1. Payroll Reporting

Payroll reports (detailed, summary, variance, monthly, year-to-date etc) for your easy reference, review and recording of payroll transactions

  1. Payslips

Payslips according to MOM requirements are provided via mobile app or email for access on the go.

  1. Tax Forms

Completion and submission Forms IR8A, Appendices A & B, Forms IR21

  1. Payment processing

Payment of net salary to employees and CPF Board via internet bank or cheques, even if there are multiple payment cycles

 

ACCOUNTING

Simpler. Faster. Customisable Reporting

SAP, XERO, Auto-count, other software

Business owners and CFOs recognise that the accounting function is an essential part of managing an enterprise management. Today, the accounting function does much more than count beans. An efficient and effective accounting team will provide insights towards business improvement.

RHT MS works towards a win-win partnership with our clients, supporting them in their finance and accounting functions for the attainment of high performance through simpler, better and faster solutions.

RHT MS Accounting core services:

Where required, RHT MS also assists companies to catch up on back-logged accounts, provide accounting functions for companies planning to IPO, staff secondment to companies facing temporary manpower issues etc..

XBRL Reporting

Extensible business reporting language (XBRL) is the financial and operational business reporting offshoot of Extensible Markup Language (XML) used to electronically exchange business information.

Singapore-incorporated companies are required to file their financial statements in XBRL format in accordance with current XBRL filing requirements using the BizFinx filing system that ACRA has implemented. XBRL aims to increase the speed, accuracy and usability of financial information over time but many companies find the task of compliance challenging.

Accounting compliance and reporting

Simpler. Faster. Customisable Reporting.

Using SAP,  XERO cloud-based, AUTO-COUNT software, other ERP

RHT MS works towards a win-win partnership with you and your business, supporting you in your accounting and finance and accounting functions for the attainment of high performance through simpler, better and faster solutions.

RHT MS Accounting core services:

Financial Reporting

  • Management Reporting
  • Bank Reconciliations
  • Consolidation of Group Accounts
  • Grant Claim Forms etc
  • Journal Interface
  • Statutory Financial Reporting

Accounts Payable and Disbursement Functions

  • Maintain Account Payable records
  • Process Payments to vendors
  • Travel & Expense Claims
  • Accounts Payable Aging Reports
  • Vendor Master Maintenance

GST reporting

  • GST registration
  • Submission of GST returns to Inland Revenue of Singapore

RHT Management Services also assists companies to:

  • Catch up on back-logged accounts
  • Provide accounting supporting for companies planning to IPO
  • Staff secondment to relieve resources crunch

By outsourcing XBRL reporting to RHT MS, our clients are assured of quality deliverables and effective internal resource ultilisation

 

 

Tax Compliance

CORPORATE TAX. PERSONAL TAX. GST.

Our experienced team of tax professionals is committed to assist you in fulfilling your tax compliance obligations, and identify areas which require your attention.Worried whether you have been tax compliant, our team can also do a health check to address any compliance and/or technical gaps.

Corporate Tax Compliance Services

> Prepare and file estimated chargeable income

> Prepare and file company income tax returns and tax computations

> Work closely with the company in responding to queries raised by the Inland Revenue of Singapore

> Represent clients on tax objections and disputes

> Review corporate tax matters for due diligence purposes >Assist clients with withholding tax compliance

Personal Tax

> Prepare income tax returns and tax computations for individuals

> Prepare returns of employee’s remuneration (Form IR8A)

> Tax clearance for Foreigners (Form IR21)

> Apply for tax schemes like the Not Ordinarily Resident scheme

> Assist to attending to queries from Inland Revenue of Singapore

Private Wealth

Tax compliance services to high net worth individuals, their family offices, investment funds and individuals involved in commercial transactions.

Goods and Services Tax

  • Review and e-filing of GST returns
  • Conducting GST Compliance Review (GST health check)
  • Conducting Assisted Self-help Kit (ASK) review, including review for application and renewal of MES status

 

XBRL

XBRL Reporting

Achieve Effective internal resource utilisation.

Extensible business reporting language (XBRL) is the financial and operational business reporting offshoot of Extensible Markup Language (XML) used to electronically exchange business information.

Singapore-incorporated companies are required to file their financial statements in XBRL format in accordance with current XBRL filing requirements using the BizFinx filing system that ACRA has implemented. XBRL aims to increase the speed, accuracy and usability of financial information over time but many companies find the task of compliance challenging.

Outsource your XBRL reporting to RHT MS and be assured of quality deliverables and effective internal resource utilisation.

LEAVE MANAGEMENT

ONLINE. EASY.  FAST.

As a supplement to our payroll services, our e-leave software allows your employees to apply their leaves electronically online via web browser or mobile phone. Going paperless brings convenience as your leave records are captured and is accessible anytime, anywhere.

Once an employee applies leave, an e-mail alert will be sent to the approving officer. Upon approval/rejection, an e-mail alert will be sent to the employee.

Social Media Marketing

In collaboration with our partner, IceCube Digital Marketing Agency, RHT Management Services helps our clients grow their business in the online marketing space.

What’s the no.1 online marketing trend? It’s Pay-to-Play; and nothing dries up your budget faster than amateurish work.

80% of the clients see positive ROI after approximately 2-3 months of campaign optimization. Some experience 10 or11x ROI. Do you want a system that can reliably turn $1 into $2/3/4 or more without you lifting a finger? Well, that’s what we do. Search engine marketing, Facebook marketing: All using our unique proven framework that takes you from A to Z.

Introducing Social Selling

Words have power. Words can make or break people, galvanise the entire nation(Think Martin Luther King) and get people out of despair. Importantly, Words can also affect your sales. Social Selling is a framework we have devised to create ROI-multiplying digital campaigns for our clients.

Social Learning

Many campaigns fail because marketers fail to understand what is happening on the ground. They are sitting in their ivory tower running digital campaigns using words that fly past people’s heads. While we claim to possess an understanding of the basic nature of the universal human mind, each target market has its own nuances. Instead of making assumptions, we undergo social learning.

To succeed, we first map out your target audiences’ demographics & psychographics and create a profile of them on paper(replaced with computer now). We conduct probing via 1)in person meeting with you and  2)researching forums & review sites to find all the answers to our comprehensive checklist of 18 questions. In so doing, we gain an understanding of the thought process behind your target audiences.

Social Selling

Digital banker, Digital concierge and now, Digital salesperson. It’s hard to deny that people these days are doing everything from the comfort of their home or just about anywhere. A survey by Corporate Executive Board found that 57% of the purchase decision is already complete before the customer even calls the supplier.

Armed with knowledge gathered from phase 1, we put ourselves in the frame of mind of your target audience (like a temple medium?) to produce copy that speaks to them, as though it is a real in-person conversation.

Online attention span is short, at 8seconds(shorter than that of goldfish according to some studies). Social Selling entails first grabbing the attention of your prospects and hooking them in with Social triggers.  The next step emulates the real-life selling process whereby we establish credibility, counter objections, present an irresistible offer, all from a landing page. The visitor is brought through a process where he goes from being a cold audience to a warm prospect and takes an action on the landing page. In the online world, we call it conversion.

Social Metrics

No campaign is infallible. Even experienced marketers make wrong judgment calls or assumptions that fall flat. Thankfully, you no longer have to pay tens of thousands to print your ads, distribute to masses and then wait a few weeks for feedback to arrive.

Digital Campaigns provide insights realtime. Some of the social metrics we monitor closely include Clickthrough Rate(CTR),  Conversion rate, Cost per Click(CPC). The data is invaluable, and is part of the reason we are so confident of producing a successful ROI-multiplying campaign for our clients. We split-test 3-4 ad copies along with 3-4 target audience/keywords  per adset simultaneously and allow data to surface the winning combination. If we don’t get it right the first time, we iterative the process until it works.  Human judgment is subjective, but numbers don’t lie. Testing is the mother of all proof.

The more data is collected, the better your campaign performs. Once we identify winning parameters in your campaign, it is time to scale up, and to scale up profitably.  What’s more, leveraging Google/Facebook’s latest machine learning capabilities alongside our manual optimization allows us to be laser-targeted. It very accurately shows the right ads to the right audience through the use of A.I. It is like adding wings to the campaign.

In a nutshell, creating a winning campaign is part science and part art. Latest technology advancement in advertising complements and overcomes the inadequacies of human processing power and helps to scale campaigns effectively. Never has advertising been as exciting as what we know of today. (I imagine David Ogilvy jumping up and down if he knew about machine learning).

Breaking the Ice without meeting up

Pre-suasion, a term coined by Dr Robert Cialdini, refers to the idea that a person is persuaded even before meeting up with you. You break the ice without having to meet with the prospect.

Social Selling is a whole new paradigm in sales where part of the persuasion process is done online.  This is a far cry from the days of hard-selling where prospects are pressured and even swindled into making purchases.  With information readily available in today’s world, you cannot talk about sales without bringing in the online conversation.  Social Selling is characterized by transparency, psychology and clarity.

Our clients tell us that Social Selling framework has helped them to

  • Surpass traditional industry leaders in sales for the first time
  • Double their fulfillment team
  • Break their historical sales record

Eventually, serious marketers & businesspeople realize they need to go beyond running ads that only scratch the tip of the icecube, and go deeper into audiences’ psyche.

Find out what Social Selling can do for you! Talk to us today.

The challenges of managing a start-up or a growing business can be demanding. As the company grows, you are likely to require professional financial expertise to analyse business performance, profitability and cash flow. Apart from meeting operational and financial objectives, you will also need strategic advice on managing risks, improving tax efficiency and capitalising on market opportunities.

We understand that some businesses do not need a full-time Chief Financial Officer (CFO) on a regular basis and our outsourced CFO services give you access to a financial expert on demand. We will match you with a suitable CFO who can help you to establish key performance indicators, drive revenue via organic growth and/or through mergers & acquisitions, manage costs, improve cashflow, perform budgeting & forecasting, and raise funds.