Your home address can be a cost-effective solution for sole proprietorships and other micro-scale businesses. However, you need to apply for the Home Office Scheme before you register your company. If you own or rent a Housing Development Board (HDB) flat, you must obtain HDB approval ...
This matters if you want to apply for a loan. The loan criteria might require you to be in operation for 6 months to 2 years and suddenly you don’t have that.” Lawrence of 3E Accounting echoed these sentiments, pointing out the significant challenges in transferring assets and liabilities...
Incorporating a company was a must for many as against going for sole proprietorship as an incorporated company helped the entrepreneurs to limit theirliabilitiesand avail more tax benefits. One Person Company or OPC hence became that business structure through which an individual can incorporate a co...
The time taken to open a business account may vary depending on the provider you choose (traditional bank or non-bank alternative) and the method needed to apply (in-branch or online). Modern non-bank alternatives like Airwallex can often get you up and running as quickly as 1-2 business...
The Income Tax Return or ITR that most people refer to is actually the annual tax form that individuals file every April 15th of the following year. This form summarizes all of the income (or loss) you have incurred for the past year. ...
According to Eng Tan, CEO of Simplr, the average handle time (AHT) of a call center’s work for you is calculated by adding the total talk time (or online chat time) to the total hold time and after-call work (often listed on your bill as “agent work time”). This sum is then...
Any company, whether a sole proprietorship, LLP, AOP/BOI, etc. Any charitable organisation, trust, or association. Other than this, any minor, who is a potential future taxpayer, has to apply for a PAN card for the minor. From this, you can get a clear idea that there is no bar to...
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