In order to take full advantage and stay compliant, businesses need to be vigilant when it comes to hiring, visa application, and payroll management. For many growth-oriented businesses, overtime pay can make up a huge part of business expenses in Malaysia, and overtime calculation can be ...
Many employees rely on the retirement savings accumulated through payroll deferrals made to an employer-sponsored savings plan such as a401(k). However, IRAs allow anyone—even theself-employed—to contribute during their working years to ensure financial stability later in life. How a Roth IRA Wo...
Keogh plans are rarely-used tax-deferred pension plans used for retirement by self-employed individuals or unincorporated businesses. There are two main types: a defined benefit or a defined contribution plan. Usually, contributions are tax-deductible up to a percentage of annual income with absolute...
DBS has a whole document on how to update your income records for a Vantage application, so it’s safe to say they take this seriously.ConclusionSo long as an applicant meets the MAS-mandated minimum requirements, then banks have the discretion to approve them for any sort of credit card, ...
For those whose earnings are solely commission-based or are self-employed, a copy of the NRIC along with either the latest NOA or the most recent three months of commission statements will suffice. A renovation loan typically requires fulfilling similar criteria. The key difference is that the ...