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Transition from Pandemic to Endemic

Transition from Pandemic to Endemic

Oct 4, 2023 | Business Tips, News

Coronavirus keeps evolving and pre-covid status is impossible. How to ensure a smooth transition from the pandemic to the new normal?

Five Ways To Reduce Your Corporate Income Tax Legally in Singapore

Five Ways To Reduce Your Corporate Income Tax Legally in Singapore

Dec 12, 2022 | Business Tips, Corporate Tax, Taxation

How to reduce the income tax payable for your company?

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@MIGHTYGLORYDOTSG

𝘼𝙙𝙖𝙥𝙩, 𝙥𝙧𝙤𝙩𝙚𝙘𝙩

𝘼𝙙𝙖𝙥𝙩, 𝙥𝙧𝙤𝙩𝙚𝙘𝙩 𝙖𝙣𝙙 𝙥𝙧𝙤𝙨𝙥𝙚𝙧!⁠
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🌎 As the globe faces increasing uncertainties — from natural disasters to economic shifts, political instability, and supply chain disruptions — business owners like you must prioritize resilience as the backbone of your strategies.⁠
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💡 Here are the tips that we've consolidated from experts specially for you.⁠
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🦾 They recommend enhancing adaptability, leveraging technology for predictive analytics, and fostering strong employee engagement to navigate challenges. Building partnerships, diversifying revenue streams, and embracing sustainability are also essential for long-term survival.⁠
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🛡️ By taking proactive steps to build resilience, you can position your business to weather any storm.⁠
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Resilience isn't avoiding risks; it's the key to long-term success! 🌟⁠
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What are your top strategies for building resilience in your business? Do share your thoughts in the comments! 😃

𝙃𝙤𝙡𝙞𝙙𝙖𝙮 𝙋𝙚𝙖𝙠 𝙎

𝙃𝙤𝙡𝙞𝙙𝙖𝙮 𝙋𝙚𝙖𝙠 𝙎𝙚𝙖𝙨𝙤𝙣 🎄⁠
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Everyone's dreaming of vacations, whether it's a trip overseas ✈️ or a cozy staycation! 🌴⁠
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But even with the boss on a business trip, the holiday spirit is strong in the office. 🥱⁠
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What's the vibe like at your workplace? Is it full-on festive, or are you still grinding? 🤭 Please tell us in the comments.

𝗧𝗵𝗲 𝗔𝗴𝗲 𝗼𝗳 𝗔𝗴𝗲𝗻𝘁𝗶𝗰 𝗔𝗜: 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗻𝗴 𝗧𝗮𝘀𝗸𝘀 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀⁠
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Forget robots fully taking over! 💼 The future of work is about humans and AI collaborating, smarter and more effectively than ever before.⁠
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Enter the next big leap in Artificial Intelligence with Agentic AI. 🧗‍♂️ It isn't just about automating tasks, it's about AI acting as agents who understand your goals, anticipate your needs, and help you achieve them. 🎯 Agentic AI is a type of AI that can act independently, understand context, and make decisions based on goals and objectives.⁠
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Think of it as a super-powered teammate: 🧑‍🤝‍🧑⁠
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🚀 Proactive problem-solving - Identifying issues before they arise.⁠
🚀 Personalized insights - Tailoring solutions to your specific needs.⁠
🚀 Continuous learning - Evolving alongside you to become even more effective.⁠
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Agentic AI is revolutionizing industries, from healthcare to finance to manufacturing. 🤖 Amazon’s Kiva Robots are an early form of Agentic AI. These robots autonomously navigate warehouses, adapting to new layouts and optimizing order fulfillment. While not entirely "agentic," they illustrate how businesses can achieve agility and efficiency. 💪⁠
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Are you ready to embrace this "new assistant"? Let us know in the comments!

𝗜𝗺𝗮𝗴𝗶𝗻𝗲 𝗮 𝘄𝗼𝗿𝗸

𝗜𝗺𝗮𝗴𝗶𝗻𝗲 𝗮 𝘄𝗼𝗿𝗸𝗽𝗹𝗮𝗰𝗲 𝘄𝗵𝗲𝗿𝗲 𝗲𝘃𝗲𝗿𝘆 𝗮𝗰𝘁𝗶𝗼𝗻 𝗲𝗰𝗵𝗼𝗲𝘀 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆! 🌱⁠
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It’s not just about the big changes; it’s the small, daily actions that shape a culture of care. 💚⁠
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As we approach 2025, it's favorable to shift our mindset and cultivate practices that support our employees and the environment alike. 🌍⁠
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Here are the simple steps, which you can explore to create a greener workplace. This could involve encouraging green initiatives and fostering a culture of collaboration. 🧑‍🤝‍🧑⁠
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When we embed sustainability into our daily activities, we empower our teams to thrive and innovate. 💼 Let’s lead by example and inspire one other to turn eco-friendly practices into our new norm.⁠
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Together, we can build a future where success and sustainability go hand in hand! 🙌

𝘽𝙚𝙖𝙩 𝙥𝙧𝙤𝙘𝙧𝙖𝙨𝙩𝙞𝙣𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙞𝙢𝙥𝙧𝙤𝙫𝙚 𝙮𝙤𝙪𝙧 𝙛𝙤𝙘𝙪𝙨.⁠
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Instead of the conventional technique, boost your productivity with a twist! 🍅 Break your work into focused 52-minute sessions, followed by a 17-minute recharge. ⁠
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You can personalise your "pomodoros" to match your tasks or mood, like longer sessions for deep work, energising music or a themed break activity. 🎶 This method not only combats burnout but also keeps you laser-focused and refreshed. ✨⁠
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Whether it's tackling big projects or daily to-dos, transform your working habits and watch your efficiency soar! 🚀

𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀

𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝘁𝗼 𝗸𝗻𝗼𝘄 𝘁𝗵𝗲 𝗱𝗶𝘀𝘁𝗶𝗻𝗰𝘁𝗶𝗼𝗻?⁠
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In Singapore, organisations and data intermediaries have distinct responsibilities under the Personal Data Protection Act (PDPA). 🔐⁠
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Organisations (also known as data controllers) are the main custodians of personal data, ensuring compliance with PDPA standards. 💻 Data Intermediaries, on the other hand, process data on behalf of organisations without making overarching decisions about it. ⁠
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Organisations:⁠
🏢 Collect and use personal data responsibly.⁠
🏢 Protect data from unauthorised access.⁠
🏢 Comply with PDPA requirements.⁠
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Data Intermediaries:⁠
🖱️ Handle personal data on behalf of organisations.⁠
🖱️ Adhere to strict security measures.⁠
🖱️ Ensure data is used ethically and transparently.⁠
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Recognising these distinctions helps businesses and service providers collaborate effectively while maintaining trust and data privacy. 🌟⁠
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Your company is currently collaborating with how many DI? Please comment below. 👇

⁠𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗶𝗻𝗴 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘁𝗮𝘅 𝗶𝘀𝗻'𝘁 𝗮 𝗵𝗲𝗮𝗱𝗮𝗰𝗵𝗲.⁠
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💼 This cloud-based accounting software provides real-time insights into your business's financial health, allowing you to make informed decisions. With Xero, you can easily track expenses, manage invoices and generate accurate financial reports.⁠
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🧮 The detail behind every financial transaction is crucial for tax professionals, like us to estimate the tax payable for your company. We need the information to determine the tax treatment (e.g. taxability of the income; the incurred cost is eligible for further deduction or any tax benefit scheme).⁠
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💻 With Xero, you can streamline your financial processes and "integrate" with advisory meeting, by allowing your tax agent to access the latest financial data, without hustle.⁠
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⌛ Start your FREE trial today or buy a plan by 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟐𝟗 to get 90% OFF for 6 months!

𝗝𝘂𝗴𝗴𝗹𝗶𝗻𝗴 𝗪𝗼𝗿𝗸

𝗝𝘂𝗴𝗴𝗹𝗶𝗻𝗴 𝗪𝗼𝗿𝗸 𝗮𝗻𝗱 𝗙𝗮𝗺𝗶𝗹𝘆?⁠
⁠
As the calendar year is ending, the "deadline" to clear your leave balances is also approaching. 🗓️⁠
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Employees can lean on colleagues to cover their duties while on leave, but for business owners, the show must go on, whether it's school or public holidays. 'Time off' often comes with its own to-do list! 📃⁠
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The ultimate work-life balance struggle: "Vacation? Who's gonna run the business while I'm away?" 🤔⁠
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How do you manage work-life balance? Share your tips in the comments! 👇

𝗪𝗵𝗲𝗿𝗲 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗖𝗮𝗻 𝗞𝗶𝗰𝗸 𝗜𝗻?⁠
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Aging population and the value of work-life balance are two main reasons why Flexible Work Arrangements (FWAs) are becoming increasingly important for inclusive workplaces.⁠
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It's also proven that offering FWAs can attract top talents and reduce staff turnover. Some individuals tend to be more productive and focused when they have control over their work schedules, feel valued or experience less burnout.⁠
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The three types of FWAs under Tripartite Guidelines on Flexible Work Arrangement Requests (TG-FWAR) are:⁠
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🏠 Flexi-Place: Work from anywhere.⁠
🕚 Flexi-Time: Flexible start and end times.⁠
📥 Flexi-Load: Flexible pay based on workload.⁠
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The tips to embrace FWAs in the long-term are:⁠
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💡 Clear Communication: Open and honest conversations with your employees.⁠
💡 Trust and Accountability: Foster a culture of trust and accountability.⁠
💡 Technology Tools: Utilize technology to support remote and hybrid work.⁠
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The TG-FWAR is coming into effect soon. 📆 Are you prepared to embrace the flexibility that it brings? If not, we're always around to assist you.

𝗗𝗶𝗱 𝗬𝗼𝘂 𝗥𝗲𝘃𝗶𝗲𝘄

𝗗𝗶𝗱 𝗬𝗼𝘂 𝗥𝗲𝘃𝗶𝗲𝘄 𝗬𝗼𝘂𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆?⁠
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🚀 Effective loyalty programs drive favourable customer behaviors, maintain engagement, and deliver a high return on investment (ROI). ⁠
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📉 Conversely, programs that fall short often face challenges like poor financial performance, insufficient customer insights and low engagement levels. ⁠
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To revitalise an underperforming loyalty program, businesses can:⁠
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⭐ Create Accurate Customer Profiles: Understand who your customers are.⁠
⭐ Identify Customer Values: Determine what matters most to them.⁠
⭐ Develop a Compelling Hook: Craft an irresistible offer or incentive.⁠
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Check for more by swiping to your left. 👆

🪄 𝑳𝒆𝒕 𝒕𝒉𝒆 𝒂𝒓𝒐𝒎𝒂 𝒘𝒐𝒓𝒌 𝒊𝒕𝒔 𝒎𝒂𝒈𝒊𝒄!⁠
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Aromatherapy, or essential oil therapy, isn't just for relaxation or pain relief.⁠ Each scent has different health claims. 🔎 Here are the additional popular ones:⁠
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🍃 Reduced Stress: Lavender and chamomile are known for their calming properties, helping you stay relaxed and focused. ⁠
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🍃 Increased Energy: Citrus scents like lemon and grapefruit can energize your mind and body. ⁠
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💆 Aromatherapy works through the sense of smell and skin absorption. At your workplace, you can use essential oils through humidifier or diffuser, and body cream or lotion.⁠
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☕ Did you know that the smell of coffee can still stimulate your senses and increase alertness, even if you're not drinking it?

𝗔𝗿𝗲 𝗬𝗼𝘂 𝗥𝗲𝗮𝗱𝘆?⁠

𝗔𝗿𝗲 𝗬𝗼𝘂 𝗥𝗲𝗮𝗱𝘆?⁠
⁠
Within 7 weeks, we'll be in 2025. 📅⁠
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Currently, there could be a few statuses among us:⁠
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1️⃣ Work harder to complete the work-in-progress, which is marked in last year's resolution; or⁠
2️⃣ Check if there's something minor and it's possible to complete by end of 2024; or⁠
3️⃣ Prepare to start collecting the year-to-date metrics for year-end evaluation.⁠
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🏃‍♀️ However, when it comes to sustainability and compliance, continuous monitoring, reviewing and updating are compulsory in Singapore's dynamic landscape.⁠
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👆 To stay resilient and thrive, here are what your business should focus for the arrival of 2025.⁠
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🚀 This helps you to set the right foundation, leading to future success.

𝗠𝗶𝘀𝘂𝘀𝗶𝗻𝗴 𝗰𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝘁 𝘁𝗼𝗼𝗹𝘀⁠
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Deepfakes are becoming increasingly sophisticated, making it harder to distinguish between real and fake content. 🤯 The digitally manipulated videos and images can be used to spread misinformation, create fake news and even manipulate public opinion.⁠
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📽️ Examples include the deepfake videos of Senior Minister Lee Hsien Loong, who had posted a warning in a Facebook post on 27 Jun 2024.⁠
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⬆️ These tips ensure that you’re consuming authentic content and being safeguarded from falling victim to the deceptive tactics. ⁠
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🛡️ From recognizing subtle inconsistencies to keeping an eye on trusted news sources, knowing how to spot deepfakes can help us stay informed and secure in today's digital age where fake content is everywhere. ⁠
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👁️ Keep a keen eye and trust your instincts!

"𝗛𝗶 𝗘𝘀𝘁𝗵𝗲𝗿! 𝗜'𝗺 𝗔

"𝗛𝗶 𝗘𝘀𝘁𝗵𝗲𝗿! 𝗜'𝗺 𝗔𝗹𝗮𝗻. 𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿 𝗺𝗲?"⁠
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Believe this sounds familiar to you.⁠
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📲 Scammers even imitate to be calling from the banks or government bodies.⁠
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📞 There're many people with the same English name. How do they get the assurance that they're using the correct name to call the victim?⁠
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There's a variety of techniques to acquire personal information, such as:⁠
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🔸 Data breaches⁠
🔸 Phishing attacks⁠
🔸 Social engineering⁠
🔸 Publicly available information⁠
🔸 Insider threats⁠
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Verify with the person or organisation before you trust the story.⁠
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As the technologies advance, the scammers might use the AI technology to imitate the voices of our family and friends. 🤖 Stay calm and observe for inconsistencies.

𝗜𝘀 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲

𝗜𝘀 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗿𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝘄𝗼𝗿𝗸?⁠
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⌛ Starting 1 December 2024, the Tripartite Guidelines on Flexible Work Arrangement Requests (TG-FWAR) will come into effect, setting the environment for a more inclusive and adaptable workplace. ⁠
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💼 As a replacement for Tripartite Advisory and Tripartite Standard on FWAs, these guidelines are designed to help employees and employers navigate the process of requesting and handling requests respectively. This ensures that both parties can benefit from a more flexible work environment.⁠
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📝 To ensure a smooth transition, start preparing your HR and work processes now. The process should include a written request with details about the desired arrangement, like the type of FWA, frequency and duration.⁠
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🔊 Communicate the new guidelines to your employees and provide them with the necessary resources to make formal FWA requests. ⁠
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💚 By embracing FWAs, you can promote a positive work environment to maintain productivity and assist in talent retention.

May this beautiful Festival of Lights fill your he

May this beautiful Festival of Lights fill your heart and home with joy, good health and prosperity. 🪔⁠
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As we gather to celebrate, let’s remember the essence of Deepavali - the victory of light over darkness and good over evil. 🌟⁠
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Here’s to new beginning, bright moments, and cherished memories with your loved ones. 🎆 Wishing everyone a radiant and joyous Deepavali!

𝗟𝗶𝗳𝗲 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝘁𝗲𝗿𝗺𝘀⁠
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💻 A productive workspace is more than just a desk; it's about designing a setting that fuels focus. But you don’t need a total makeover! ⁠
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🖼️ Assuming that remote and hybrid models are no longer applicable for you, simple efforts like decluttering your office desk, using your own stationery organisers and adding minimal decor can make a big difference. ⁠
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🏠 Whereas if you can still work from home, a dedicated workspace separates your home duties from work-related tasks. This will help you focus better and enable you to detach yourself from work, wind down and relax after a long day. ⁠
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🖱️ Lastly, if you're using a coworking space, you can consider paying a premium for a dedicated desk or private room, to remove or reduce the distraction (at hot desk). Maintaining your focus is also fostering your efficiency, creativity and performance.⁠
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Start small, stay consistent and watch your productivity grow! 🌱

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲𝘀𝗲

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲𝘀𝗲 "𝗰𝗼𝗺𝗽𝘂𝘁𝗲𝗿𝘀"?⁠
⁠
🌏 In a world where technology is evolving at thunder speed, understanding the differences between supercomputing and quantum computing is crucial for businesses looking to stay ahead. ⁠
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🚀 While supercomputers crunch massive data sets at incredible speeds, quantum computers promise to tackle complex problems in ways we’re only beginning to comprehend. Imagine the possibilities - faster decision-making, enhanced data security, and innovative solutions tailored just for you!⁠
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💻 Supercomputing and quantum computing are revolutionizing the way companies operate. 👆 Here are the differences of these technologies.⁠
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🌐 Supercomputing is more advanced today in terms of real-world application. This technology is already being used in various industries, driving innovation and generating revenue. ⁠
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👼 While still in its early stages, quantum computing has a higher long-term profit potential due to its transformative applications in industries like artificial intelligence, materials science and pharmaceuticals. 💊 However, quantum computing is a high-risk, high-reward investment, while supercomputing offers more immediate and stable returns.⁠
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💰 Guess it is the stability and favorable potential in supercomputing that cause Singapore's National Research Foundation to allocate $270 million over the next three years, to nurture more specialists and build next-generation supercomputers equipped for AI workloads.

𝗛𝗮𝘀 𝗯𝗲𝗰𝗼𝗺𝗲 𝗮𝗻 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝘄𝗶𝘁𝗵𝗶𝗻 𝗮𝗻 𝗼𝗿𝗴𝗮𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻⁠
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In today's fast-paced environment with limited resources (like manpower), prioritising employee wellbeing is very crucial. ✨ ⁠
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🌟 Happy and healthy employees are the backbone of a successful organisation. ⁠
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Investing in simple but impactful wellness initiatives can boost morale, improve productivity and create a healthier workplace culture. 🤝 Here are some ideas for your inspiration.⁠
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There's a saying, "a thriving workplace leads to a thriving business". 💼 Let’s foster a culture that champions mental health, work-life balance, and mutual support. ⁠
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🌈 Together, we can navigate challenges and come out stronger.

𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲'𝘀 𝗠𝗥

𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲'𝘀 𝗠𝗥𝗧 𝘀𝘆𝘀𝘁𝗲𝗺 𝗵𝗮𝘀 𝗯𝗿𝗼𝗸𝗲𝗻 𝘁𝗵𝗲 𝟯𝟳-𝘆𝗲𝗮𝗿 𝗿𝗲𝗰𝗼𝗿𝗱𝘀⁠
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🗞️ According to a report by The Straits Times, about 500,000 out of 2.8 million train journeys were affected each day during the severe East-West Line (EWL) disruption that affected services between Jurong East and Buona Vista stations from Sep 25 to Sep 30.⁠
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🚆 Early this week, the train service was also disrupted on the Bukit Panjang LRT line⁠
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🛠️ These incidents reminded that each item has its own useful life and needs regular maintenance.⁠
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So don't forget to include the fixed asset's depreciation or amortization in your company's accounts, although these expenses aren't tax deductible. 😉

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