A common trend that is rising with time is hiring accounting firms for SME accounting services in Singapore. Small business owners and start-up enterprises have started preferring to outsource their accounting and bookkeeping services to professional and experienced firms. It offers various benefits to SMEs; also, it has played a vital role in increasing their […]
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Entries by aglow_smadmin
A one-off cash grant will be given to all companies for YA 2012. The grant is pegged at 5% of the company’s YA 2012 revenue, capped at $5,000. To enjoy the cash grant, the company must have made CPF contributions (who would have to be a Singaporean or permanent resident) for at least one employee […]
Special Employment Credit (SEC) was first introduced in 2011 Budget aiming to raise the employability of older low-wage Singaporeans. The SEC also helps employers to adjust to the re-employment legislation. The enhanced SEC will be given to employers who hire Singaporean employees aged above 50 earning up to $4,000 per month. The employer will receive […]
Productivity and Innovation Credit (PIC) was first introduced in Singapore Budget 2010 to encourage businesses to invest in innovation and improve productivity. The PIC scheme provides 400% tax deduction/allowances (cap at S$400,000 per activity per year) for qualifying expenses incurred on each of the following six qualifying activities: Acquisition or leasing of PIC Automation Equipment […]