Our company wishes our customers and everyone a early merry Christmas. Thanks for supporting us. We have added snow effect on our site. 
Head down to www.task.com.sg for tax and accounting services for year end closing right now.

IDA supporting SME . Various grants can be applied.

Singapore is building the world's first Smart Nation, using technology to enhance citizen-centric services to improve the quality of life for individuals and business productivity for enterprises. This will be reinforced with the enablement of hyper-connectivity and increased use of data.

Guide on how to set up business in singapore, more information on in-corp. Visit www.task.com.sg for incorporation , grant services and others.

https://www.ida.gov.sg/Program…/Small-and-Medium-Enterprises

Setup a company and strive for the promising SME 500 awards.

Guide on how to set up business in Singapore. for more information on in-corp.. Visit www.task.com.sg for incorporation , grant services and others.

About The Awards

The Promising SME 500 Campaign was spearheaded to recognize the exceptional achievements of business men and women in Singapore, highlighting their commercial success and also recognizing their contributions to the economy and the community at large. This campaign also serves as a platform to inspire aspiring entrepreneurs to likewise pursue their dreams and ultimately to create a sustainable entrepreneurial culture in our nation.

http://psme500.com.sg/about

Be your own boss. Even big4 employees turning to entrepreneur.

Visit www.task.com.sg for incorporation solutions.

Careers of fathers and sons rarely move in tandem. Rare, therefore, is Mumbai's Purandare family where father Jairaj and son Varun have both hit the entrepreneurial track at the same time. Varun, a 25-year old Yale graduate, is busy with his tech startup out of San Francisco in the US, having quit his job with management consultants Booz.

In India, Varun's dad has turned entrepreneur in his mid-fifties, opting out of a career with large global audit and advisory firms. This story is abo .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/48035011.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

http://m.economictimes.com/small-biz/entrepreneurship/why-senior-professionals-are-bidding-adieu-to-the-big-4-like-pwc-kpmg-turning-entrepreneurs/articleshow/48035011.cms

Think like a boss. Create your own company now. 
Visit us at www.task.com.sg to incorporate an company.

1.Don’t be stuck in a comfortable routine

Many people get caught in their own routine. They get up in the morning, drive to work, return home in the evening, have dinner, watch TV, and go to sleep. They repeat this process every day, comfortable with the routine — and the check they receive every other week.

This sort of mentality is counterproductive to advancing in life. And isn’t exciting either. You should always look for ways to improve your life, replace your comfortable routine with something exciting. Starting your own business is a way to go.

2. Always search for new business opportunities

Every new business begins with the discovery and exploitation of a new opportunity — for example, a consumer need that is either unfilled or can be served better that it is served now. And it advances with the development of the right business model to address that opportunity. That’s why you should always look for new business opportunities, beginning with your office, home, neighborhood, or community. Then, come up with the right idea to address it.

3. Be a doer rather than a dreamer

A lot of people have good business ideas that they plan on executing, but they make these plans conditional on some catalytic event, ie a perfect time to make this happen. In reality, there is no perfect time to do things. That’ why you should be proactive. Be a doer, not a dreamer.

4. Do whatever it takes

Don’t let small roadblocks stop you.Stick with the business idea, and execute. Take the steps that will turn your idea into a real business. That’s all that matters in the end — but it isn’t easy. It takes patience, persistence and discipline to stay focused — patience to overcome the hurdles that stand between you and your goal; persistence to overcome the failures, setbacks, and temptations that may take you off course; and discipline to play the game right.

5. Have the right reasons to start a business

There is a misconception that business owners make more money and work less than people who work for somebody else. That’s not true, at least in the beginning.  Besides, these are the wrong reasons to go into business. The right reason is to develop a product or a service that make a difference in people’s lives, as Steve Jobs, Bill Gates and many other celebrated entrepreneurs did in the past. And most important of all, you should enjoy what you are doing.

6. Be self-motivated

When you are a worker, somebody else—your boss — has defined the work to be done. That person tells you what to do and when to do it, and keeps up with deadlines. When you are the boss, you must do all these things. That’s why you should be self-motivated, know what you are doing, be punctual, and work out all the details.

7. Get in the right psychological state

Put yourself through a ruthless psychological test to discover your inner deficiencies, and do what you must to get rid of them before they pollute your relations with partners, associates and subordinates. True leadership begins within, as I discuss in an upcoming book The Ten Golden Rules Of Leadership which I co-authored with Mike Soupios.

Credit from :

http://www.forbes.com/sites/panosmourdoukoutas/2014/08/30/to-be-a-boss-you-must-think-like-a-boss/

A RECAP ON PIC CLAIMS.

Six Qualifying Activities

Acquisition and Leasing of PIC IT and Automation Equipment
Training of Employees
Acquisition and Licensing of Intellectual Property Rights (IPR)
Registration of Patents, Trademarks, Designs and Plant Varieties
Research and Development (R&D) Activities
Qualifying expenditure

PIC Benefits

Tax Deductions/ Allowances	400% tax deductions/ allowances on up to $400,000 of spending per year in each of the six qualifying activities. PIC+ Scheme From YAs 2015 to 2018, qualifying businesses can enjoy 400% tax deductions/allowances on up to $600,000. For more details, please refer to How PIC Benefits You.
Cash Payout	Option to convert up to $100,000 of total spending in all six activities for each YA into a non-taxable cash payout, in lieu of the tax deduction/allowance. For YAs 2013 to 2018, the cash payout rate is 60% of qualifying expenditure incurred. For more details, please refer to How PIC Benefits You.
PIC Bonus	A dollar-for-dollar matching cash bonus, subject to an overall cap of $15,000 over YAs 2013 to 2015 combined.

BACK TO TOP

Qualifying Conditions

Tax Deductions/ Allowances	Carries on active business operations in Singapore. Incurred qualifying expenditure and are entitled to PIC during the basis period of qualifying YA.
Cash Payout	Carries on active business operations in Singapore. Incurred qualifying expenditure and are entitled to PIC during the basis period of qualifying YA. Meets the three-local-employee condition. Minimum qualifying expenditure for each cash payout option application is $400.
PIC Bonus	Made a claim for 400% tax deductions/ allowances and/or cash payout. Carries on active business operations in Singapore. Meets the three-local-employee condition. Incurred at least $5,000 in PIC-qualifying expenditure during the basis period for the YA.

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Claiming PIC Benefits

Tax Deductions/ Allowances	Other than design projects, no prior approval from IRAS is required. Claim enhanced deductions/ allowances in your Income Tax Return for the relevant YA by the filing due date.
Cash Payout	Submit PIC Cash Payout Application Form online anytime after end of relevant financial quarter (for YAs 2013 to 2018) but before the filing due date of Income Tax Return for the relevant YA.
PIC Bonus	No separate application needed. IRAS will compute the PIC Bonus based on PIC qualifying expenditure declared in your Income Tax Return or PIC Cash Payout Application Form, subject to an overall cap of $15,000 for all three YAs (YAs 2013 to 2015).

Visit www.task.com.sg for more info.

https://www.iras.gov.sg/irashome/Schemes/Businesses/Productivity-and-Innovation-Credit-Scheme/

1. Embrace uncertainty.
2. Have a thick skin.
3. Understand vision vs. mission.
4. Accept failure, again and again.

Do you agree?

Visit www.task.com.sg to incorp your company and be your own boss.

Quote from : http://www.entrepreneur.com/article/246384

Martin Zwilling, an angel investor and startup mentor in Phoenix, recalls an event he attended where recently laid-off workers were inquiring about entrepreneurship. When they started going around the room making introductions, he could tell within a few seconds who had a chance at success—and nine out of 10 didn’t.

“They typically said something like, ‘I’ve had this job for 20 years, and I would love to be my own boss, but I don’t know what it takes to do it,’” Zwilling says. “There was only one person who said, ‘I’ve been working on this project on the side for a while, and now that I don’t have a job holding me back anymore, I’m raring to take this opportunity to start my own business.’ Having the right mindset means a lot.”

Making the transition from everyday employee to enterprising business owner doesn’t happen by simply hanging up a shingle. You must also embrace a new way of thinking to thrive in the unpredictable world of startups. Below, we’ve outlined the characteristics you’ll need to adopt—if they’re not already inherent to your personality—to make it on your own.

1. Embrace uncertainty.

All entrepreneurs need to be able to deal with unpredictability on a daily basis, says Jonathan Greechan, co-founder of the Founder Institute, a Silicon Valley-based startup accelerator. “One trait we look for in our applicants is their openness to risk, their ability to learn a new rule and apply it to new problems. Discomfort should become your new normal,” he says.

2. Have a thick skin.

As a business owner, most feedback you get from customers, employees, vendors and investors will be negative. Get used to accepting it and using it to your advantage. “If you’re difficult to be around and argue everything, you’re at one bad end of the spectrum,” Zwilling says. “But if you are a complete pushover who follows all advice, you’re at the opposite end. Good entrepreneurs stand in the middle.”

3. Understand vision vs. mission.

“Your vision is your company’s future, where the market is going, how to meet your customers’ needs,” Greechan says. “Your mission is how you will get there. Your vision needs to be concrete, but your mission may change regularly.” Great entrepreneurs can be detail-oriented yet simultaneously focus on the big things that accelerate their company’s success.

4. Accept failure, again and again.

Realize that you will fail almost daily, and that it’s part of the process and a good learning tool, says Ted Zoller, director of the Center for Entrepreneurial Studies at the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School. “You have to be opportunistic and adaptive. If you find a dead end, either go around it or try something new.”

The best entrepreneurs don’t label their milestones as failures or successes. Instead, they focus on what’s really important: seizing the opportunity. “Whatever you do, act when the opportunity presents itself,” Zoller says. “That’s entrepreneurship defined.”

Do you agree? Visit us at www.task.com.sg for more info on how to setup a company and be your OWN BOSS!!!

Quote from : http://www.entrepreneur.com/article/245880

Bill Gates. Mark Zuckerberg. Larry Page. Sergey Brin. They share more than a few enviable accomplishments. They’re billionaires, they made their fortunes in tech and they started their businesses while they were still students. It also doesn’t hurt that they’re seriously smart cookies.

However you slice it, they’re all living proof that you don’t have to wait until after graduation to launch your own business. And, as is the case for Gates and Zuckerberg, you might not have to graduate at all (though, to be clear, we’re not advocating for dropping out).  

If you’re considering becoming a student entrepreneur, just like any other endeavor you undertake, you should have a clear plan -- not something like a half-assed term paper hobbled together the night before it’s due. Researching the steps needed to successfully bootstrap a business from your dorm room is key.

Related: This Dropout Is Trying to Keep Kids Out of Student Debt

Here's a six-step snapshot of the basics of starting up. At first glance, it looks easy, but, as many student entrepreneurs will attest, it's very challenging, especially while juggling a course load and keggers:

1. Evaluate your business skills, knowledge and goals.
2. Find the business idea that suits you best.
3. Research your competitors (and prepare to crush them).
4. Make a stellar business plan.
5. Seek out a helpful mentor.
6. Register your business, open up shop and rock it.

Luckily the people behind the U.K.-based Westminster Bridge Student Accommodation and Urbanest Student Accommodation have neatly packed specific, actionable instructions pertaining to each of the above steps into the helpful infographic below. We couldn’t help but notice that a good chunk of the information visualized within it hails from our very own wordsmiths, right here at Entrepreneur.com.    

From inception to launch, here’s how to start up while you’re still a student. Good luck!

GST may go up to 10% next year. Are you already for the change??

Go to www.task.com.sg for our tax services.

http://www.channelnewsasia.com/news/singapore/more-taxes-needed-to-fund/1680832.html

(ACRA) will introduce six new fees.

The Accounting and Corporate Regulatory Authority (ACRA) will introduce six new fees and streamline its regulatory fee structure for businesses, said the regulator in a statement on Wednesday (Oct 8).

ACRA said the new fees were introduced following the recent passing by Parliament of the Companies (Amendment) Bill, the Business Names Registration Bill and the ACRA (Amendment) Bill. The new fees include those for application for registration or annual renewal as a Qualified Individual for Corporate Service Providers.

At the same time, some businesses may have to pay higher annual fees following the streamlining of the fee structure. According to ACRA, the increase will range from S$10 to S$40 per year depending on the business type.

For sole-proprietorships, partnerships and limited partnerships, there will also be a fee increase of S$50 for the initial registration of the business. ACRA added that the increase is necessary to ensure that its operating costs to maintain an accurate and comprehensive register of business entities can continue to be recovered at cost.

Meanwhile, fees related to ad-hoc applications for waivers, exemptions or extension of time to comply with statutory requirements such as filing of accounts and holding the annual general meeting will also increase by a range of S$30 to S$170. ACRA explained this is to adequately reflect the resources spent to process such applications.

These fee changes will take effect with the implementation of the legislative changes, which is expected to take place no later than first quarter of 2015.