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There are 2 ways that your company can go about electing for PIC cash payout.
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PIC Cash payout (Part 1)
Although the PIC scheme offer 2 option for the taxpayers to elect on their qualifying expenditures, the most common and popular choice that most SMEs would go are the PIC cash payout option.
Productivity and Innovation (PIC) – Common mistakes (Part 2)
In this blog post, I will explain more on another common mistake made by taxpayers when claiming PIC cash payout or enhanced deduction – Treatment of government grant
Productivity and Innovation (PIC) – Common mistakes (Part 1)
While many SMEs have benefited from the PIC scheme introduced by our government, many taxpayers have made the following mistakes during the process of claiming PIC cash payout and / or enhanced deduction. Some of these common mistakes include:
PIC Enhanced Deduction (Part 2) – How much can companies claim
As mentioned in my previous blog post, companies can enjoy an additional 300% of tax deduction on their PIC qualifying if they elect for the PIC enhanced deduction option and meet the qualifying conditions. So what is the enhanced tax deduction capping for each year?
PIC Scheme – Enhanced Deduction (Part 1)
In this blog post, I will explain on how PIC enhanced deduction work and the conditions…
PIC Cash Payout and PIC enhanced deduction (brief explanation)
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In this blog, i am going to talk a little more on the Productivity and Innovation Credit (”PIC”) options available to taxpayers.
Productivity and Innovation Credit (‘’PIC’’) Scheme (Hottest topic now!!)
Well, if by now you have not heard of this scheme, as a business owner, you would have missed out on quite a fair bit of goodies given out by our tax authority in the recent years.