The Sixth Personality

Author: Jeanette

  • Cash accounting for SMEs and start-ups

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    Jeanette
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    If you are business owners who have a simple business structure and set-up, with annual turnover < S$1million, cash accounting allows you to record income when receive and expenses when pay – unlike the traditional accrual accounting, easing cashflow management. This helps small businesses conserve cash, and avoid cashflow strain by aligning tax obligations with…

  • Benefits for your local employees

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    Jeanette
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    As SME business owners, you would want to take care of your employees by rendering other staff benefits besides base salary and cpf (as applicable), as well as balance the operating expenses. Things like health, safety and medical insurance, whether it’s mandatory or non-mandatory, play a role in keeping your key assets, .ie. human capital…

  • UEN Vs Trademark

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    Jeanette
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    Is your brand registered when you register with ACRA? Registering your business entity with ACRA does not automatically protect your brand, logo or symbol. ACRA registration establishes your business as a legal entity while in order to protect your brand, need to register with IPOS. ACRA registration gets you a UEN for government and legal…

  • Freelance vs Incorporation

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    Jeanette
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    What if you have a versatile of professional skills in the gig economy – portfolio of skillsets with various source of earned income – taxable individual. Do you incorporate a company or stay self-employed? Advantages of incorporation Disadvantages of incorporation

  • Startup cashflow vs profitability

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    Jeanette
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    For a founder who is first setting up operations, the first financial statement recommended to review would be cashflow statement – the source of funds, from operations, to financing to investing – is crucial. He or she would start paying ownself salary once cashflow is consistent, and reached a stable stage of development or have…

  • Storytelling

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    Jeanette
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    A frictional or non-frictional book we hear from our parents since we are young – we may not realize that we started to listen to story since we begin to understand languages. It’s curiosity and human instinct to want to hear stories – from kids, and even more so in adulthoods. It’s a skill to…

  • Temporary workers

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    Jeanette
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    For start-up business owners, getting the hands on deck quickly is of utmost importance, especially when you are not at the bargaining end on many fronts on the projects or assignments that you have landed. This is even so when you have other considerations like your Intellectual Property (confidential info) etc that you would want…

  • Copyright VS Copyleft

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    Jeanette
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    Having been in the creative industry before, copyright is an important concept to know in the world of IP. Copyright exists to protect the original material form in which they are expressed or fixed, not the ideas, facts or information themselves. So, seek permission from the owners of these forms of creations to get rights…

  • Intellectual Property Layering

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    Jeanette
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    rade secrets is one of the key type of IP, but it’s non-registrable. So, how is it being protected? In my previous topic, NDA – it’s a document that enables protection of key information, your secret sauces etc agreed between mutual parties. Would the document surfaces to protect your ideas, inventions, something that you have…

  • Managment VS Statutory reporting

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    Jeanette
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    Are you a business owner who is too caught up with multiple aspects of running a business and would not want to be further troubled by the piles of invoices and reports? Of course you’d need to review your sales reports and pipelines. Data and reports might just be the basis for your next step…