Category: IP management

Some business owners start with putting their ideas, crafts and services they provide on simple forms and formats, simply sending through an invoice or generate a QR code/paylah to get paid once work is done. Freelancer or gig workers are norm without registering with ACRA. . Freelancers can work without registration, but many register the…

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…

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…

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