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Singapore is a bustling business hub in Asia, and for all the right reasons. Thanks to globalization, a significant portion of the country’s income is derived from overseas. Most of this foreign-sourced income, as well as all income earned in Singapore, are subject to corporate tax. Oftentimes, foreign income will not only be taxable in…
Just like many other countries, Singapore uses its own corporate tax system, and all companies in the country have Singapore company tax number. Singapore uses the one-tier corporate tax system so that stakeholders won’t pay tax twice. The rate of corporate income tax has remained at a flat rate of 17% since 2010. Tax is…
Laptop is part of the tools that SMEs need to improve their digitalization and productivity efforts. The government of Singapore has decided to assist SMEs to get laptops cheaply by offering grants to eligible SMEs. Government Grant for laptop Laptop is one of the devices that business owners need to enhance productivity. During the…
Now that Singapore has a rapidly ageing workforce, the integral asset of our economy is made up of senior employees. We should value and sustain the contributions of these senior employees. In line with statutory requirements, the age of retirement is presently at 62, and the re-employment age is at 67. The government plans to…
Introduced by the National Council for Social Services (NCSS), the Invictus Fund is an attempt to support Social Service Agencies (SSA) with private donations. The aim is to help encourage SSAs to enhance service delivery and offer more value-add functions to clients. SSAs have recently struggled to maintain their standards and services due to the…
The Skills Future Enterprise Credit is a one-time $10,000 credit provided by the Singapore government. Effective from 1 April 2020, the aim for this credit is to encourage companies to improve internal capabilities and enhance employees’ skills sets. The SFEC credit will cover up to 90% of such expenses. How to Use the SFEC…
Hawker stall centers are a big part of the Singapore-experience. The food scene in Singapore is grand as the locals love food. To meet this increasing demand, hawker stall businesses are mushrooming up all over the country. If you too want to dive into this very promising market with bright prospects, this guide will help…
Do you wish to escape the bland schedule that accompanies a 9 to 5 job? Well, then you can consider investing in a home-based business and be your own boss. Home-based businesses are booming all over the world. In Singapore especially, the trend for setting up new home-centric businesses seems to be consistently rising. And…
Online accounting software Xero Accounting and payroll management software Talenox are both great additions for your company. The best part is, both of these digital solutions sync and integrate effortlessly with just one click. So, what are the advantages of linking your accounting entries and HR information? You can find out here. Advantages of…
Are you tired of manually processing payrolls for your company? With Talenox, you never have to engage in such mundane payroll-related tasks ever again! In this article, find out more on Talenox, the popular cloud HR payroll software. Effortless Payroll Management & MPF Contributions Are all your ongoing projects keeping you too occupied? Busy…