During the presentation of Singapore's 2023 budget, the Deputy Prime Minister, Lawrence Wong, announced that the OW ceiling for CPF would be raised from SGD6,000 to SGD8,000 by 2026. The additional wage ceiling will increase CPF contributions, increasing allocation rates for certain age groups...
Say your monthly payroll is always $210,000. In the year, that’d mean you have $2,520,000 for your annual payroll, but keep in mind, the first $1 million is exempt from the tax, so from January until May, you wouldn’t pay tax yet. Because your total to that point would only...
Case in point: Ping-pong tables Despite the popularity over the past decade of bringing ping pong tables into the workplace as a means to build a fun workplace culture, less than a quarter of millennials surveyed at the height of this trend said that an informal work environment is ex...
TheIRS’s Publication 15is a great resource if you decide tolearn how to do payroll manually. You can choose one of two income tax withholding tables to help you figure out the amount to withhold: the wage bracket method or the percentage method. Payroll software will automatically calculate ...
Chapman Tripp tops 2018 M&A league tables We acted on more Merger and Acquisition (M&A) deals than any other New Zealand law firm in 2018. Read more International trade up in the air Predicted international trade events in 2017 fared well, the firm is now looking at what to exp...
During the presentation of Singapore's 2023 budget, the Deputy Prime Minister, Lawrence Wong, announced that the OW ceiling for CPF would be raised from SGD6,000 to SGD8,000 by 2026. The additional wage ceiling will increase CPF contributions, increasing allocation rates for certain age groups...