Singapore Grants for Businesses

Benefits of Hiring an Outsourced CFO

Outsourcing is a common practice today for many multinational companies. Outsourced employees can be found in almost all functions, from IT to payroll, accounting, and marketing. Along with outsourcing accounting and bookkeeping functions, businesses are also outsourcing their financial officers and experts so they can work with the best in the field. Working with only…

What is Progressive Wage Credit Scheme (PWCS)?

As one of the fastest growing economies in South-East Asia, Singapore understands the importance and contributions of businesses and their respective employees to the nation’s economy. Therefore, one good way to improve its citizens’ well-being and purchasing power is to ensure progressive wage increases for employers and employees. In 2013, the Wage Credit Scheme was…

Budget 2022 – Support Packages for SMEs (Part 2)

On February 18, 2022, Minister Lawrence Wong delivered his first address as Minister of Finance, announcing the much-anticipated Singapore Budget 2022. We have archived all of the significant updates, split into two parts. Don’t forget to read the first part of this article to know more about the Jobs and Business Support Packages. This part…

Budget 2022 – Support Packages for SMEs (Part 1)

On February 18, 2022, Minister Lawrence Wong delivered his first address as Minister of Finance, announcing the much-anticipated Singapore Budget 2022. Mr Wong emphasised the Singapore economy’s resurgence in his opening comments, underlining the country’s excellent comeback from one of its worst recessions since independence. Mr Wong went on to say that the economy will…

All You Need to Know About Productivity Solutions Grant (PSG)

Technology can mean a lot of things to numerous people; it could mean newly improved gadgets, provision of new facilities or appliances, and could also be a better working life with enhanced progress, which subsequently breeds productivity. To promote digitalization in Singapore, the government launched the “Productivity Solutions Grant (PSG)” that offers up to 80%…

Step-by-Step Guide on How to Claim Productivity Solutions Grant (PSG) for Xero

Upon submission and approval of the Productivity Solutions Grant (PSG) for Xero, you can proceed with the claiming of the grant. Follow the steps below for the PSG claim. For a step-by-step on How to Apply PSG for Xero, click here. We can assist you in the whole grant application process. Feel free to contact us if…

PSG for Laptop (Expired: 31 Dec 2020)

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…

Senior Worker Early Adopter Grant & Part-Time Re-Employment Grant (until: 30 Jun 2023)

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…

The Invictus Fund for Social Service Agencies (SSAs) (until: 30 Jul 2021)

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…

Skills Future Enterprise Credit (SFEC): $10,000 Credit from the Singapore Government (Expired: 31 Dec 2020)

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…