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Boost your business with Singapore’s Productivity and Innovation Credit scheme

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In an initative to help Singapore businesses combat rising costs, develop new technology and boost their efficiency, the government launched the Productivity and Innovation Credit (PIC) scheme.

The PIC scheme provides tax benefits for businesses that invest in productivity and innovation activities and successful applicants enjoy tax credits and reimbursement of their approved expenditure.That means buying items like computers and other equipment to improve their company’s operations can result in full reimbursement of their business expenses.

For the current year ending December 2014, businesses (refering to self-employed persons, including insurance agents, financial advisors, real estate agents, tradesmen), sole-proprietorships, limited liability partnerships, private limited companies can receive up to 160% reimbursement of approved activities.

What this means is spending $5,000 on a laptop means the government will reimburse you up to $8,000 (ie: 160%) if your business and your expense meets their qualifying criteria.

In particular, Internet marketers and those who use technology in their business operations (just about everyone) can benefit from this scheme.

If you look at the government website to sign up for the informational briefings, you can expect a 2-month or longer wait.

That’s one of the reasons why I’m helping to organize a series of informational briefings conducted by Daniel Goh, who has assisted in the submission of more than 100 successful PIC applications over the past 2 years.

The 160% reimbursement scheme ends this year, after which it drops to a 60% reimbursement scheme, so if it’s something you are considering, you should do it now.

Fill in your details in this form and you’ll receive information about the free briefings to be conducted in the coming weeks: PIC Informational briefing.

How to build long-term online income

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Above: Some weird stuff may have happened with the video-audio synch. Either that or I should stop lipsynching.

 

As I’m coming back to rebuild my online business after about 2 years of neglect, I’m looking at what I have now.

Since shifting webhosting a couple of times to my current SSD cloud VPS hosting, I’ve lost a number of my product sites along the way.

Part of the rebuilding over the next couple of weeks is to have them up again.

If your sites are down, then you won’t be able to get sa (more…)

Where has Andrew Wee been for the past 2 years?

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Hello World!

Yes, I’ve disappeared from my own blog since about late 2012. No, I didn’t quit the industry or start promoting some weird MLM.

So here’s a breakdown of what I’ve been up to.

2011-2012: Neverblue affiliate manager

I had a good experience working with some of the top affiliates in the industry. Seeing how they systematize their business and scale was a good example of how you can build a business which generate fairly consistent results on a long-term basis. During my time as an AM, I was part of a team which travelled to Bangkok, Thailand, to conduct the first Neverblue Interact event. It was so popular we hosted 200 affiliates over two days.

Also, as part of the development effort, I organized an overnight hacka (more…)