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Singapore businesses are known to compete healthily and fiercely for qualified employees. Healthy competition like this is beneficial to the business and the economy at large since they result in the recruitment of qualified workers. However, startups are outclassed in this regard because they cannot attract a favourable workforce with good pay in comparison to…
One of the issues that can quickly put a business in trouble is non-compliance with taxation. In most countries, tax evasion is a criminal offence that attracts severe penalties. It is customary for established companies to let their accounting or auditing department handle their tax-related issues, but many small and large businesses are now embracing…
Equity pay, like stock options or restricted stock units (RSUs), maybe one strategy to cut ongoing expenditures and give staff non-cash compensation throughout the early phases of a company’s development. Startup companies frequently use this technique since they cannot afford to pay hefty rates. They typically add some kind of stock reward in their job…
SINGAPORE: Over 2 million taxpayers (8 in 10 taxpayers) are set to enjoy having their tax returns pre-filled this year. This is made possible as the Inland Revenue Authority of Singapore (IRAS) extends the Auto-Inclusion Scheme (AIS) for Employment Income to more than 100,000 qualifying employers, who are to electronically submit the employment income information of…