• sales@rockbell.com.sg
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  • PSG Hotline: 9225 0304 / 9226 8890
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  • Support Hotline: 6468 0054
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  • 9225 0304
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  • BUSINESS AS USUAL AMIDST CIRCUIT BREAKER

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Grant

1. 80% Off Accounting/HR solutions and Computers

The Productivity Solutions Grant (PSG) supports companies in the adoption of pre-scoped IT solutions and equipment that enhances productivity. Companies can claim up to 70% of eligible expenses from pre-approved sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking. 

 

UpdateAs announced at Supplementary Budget 2020, PSG will be enhanced from 70% to 80% subsidy till 31 December 2020 to encourage enterprises to continue their digitalisation and productivity upgrading efforts. New solution categories including online collaboration, virtual meeting, queue management and temperature screening have been added.

 

 

Update 2: Companies can now purchase hardware of up to 3 laptops under pre-approved remote working solutions with M1 or Singtel and claim up to 80% subsidy with PSG.

 

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Million Accounting & Stock Control System        Rockbell Human Resouce Management System

            

 

Express your interest for software here: sales@rockbell.com.sg

WhatsApp : +65 9225 0304 / +65 9226 8890

 

We will contact you within 1 working day with more information.

 

 

2. Claim up to $10,000 for selected industries

 

The Digital Resilience Bonus (DRB) aims to uplift the digital capabilities of a broad base of enterprises. For a start, DRB will be targeted at the Food Services and Retail sectors which are more affected by safe distancing requirements in the reopening of the economy.

 

The DRB is given on top of enhanced digitalisation assistance provided under the SMEs Go Digital programme. Food Services and Retail enterprises that have PayNow Corporate, e-invoicing, and use pre-defined categories of digital solutions for Business Processes, Digital Presence and Data Mining and Analytics can receive bonus payouts of up to $10,000. 

Check your company's eligibility and submit your interest here: Form

 

 

3. $10,000 Credit for tech solutions and employees training

 

 

The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.

 

For more information, please refer to SkillsFuture Singapore. Alternatively, you can register your interest here and we will get back to you in 1 working day: sales@rockbell.com.sg

 

 

4. One-time $200 by signing up with IMDA

 

 

Companies will receive a one-time $200 grant by signing up for the nationwide e-invoicing by 31 December 2020. Payout is estimnated to start in June and will be made directly to the company's Paynow Corporate account (UEN without suffix).

 

For more information, please refer to IMDA. Alternatively, you can register your interest here and we will get back to you in 1 working day: sales@rockbell.com.sg

 

 

5. $750 rebate per foreign worker (actions required)

 

Employers need not pay for April's levy that is orginally due in May. Employers will receive rebate at a flat rate of $750 per Work Permit or S Pass holder hired as at 1 May 2020, based on previous levies paid in 2020. To be eligible, employers are required to submit an acknpwledgement here: www.mom.gov.sg/ack-levy-rebate

 

For employers with PayNow Corporate accounts:

  • Submit the acknowledgement by 8 May 2020 to receive the levy rebate on 29 May 2020. 
  • Submit the acknowledgement by 22 May 2020 to receive the levy rebate on 19 June 2020

For employers without PayNow Corporate accounts:

  • Submit the acknowledgement by 22 May 2020 to receive the payment by cheque from 3 July 2020 

 

6. Up to 90% salary support for manpower development

 

Professional Conversion Programmes (PCPs) are career conversion programmes targeted at Professionals, Managers, Executives and Technicians (PMETs) mid-career switchers, to undergo skills conversion and move into new occupations or sectors that have good prospects and opportunities for progression.

Types of PCPs:

  • Place-and-Train (PnT): PMET is hired by a participating employer before undergoing training to take on new job role

  • Attach-and-Train (AnT): PMET is provided with training and work attachments, prior to job placement, through industry partners in growth sectors with good future job opportunities

  • Redeployment/Job Redesign (JR) Reskilling: PMET at risk of redundancy in vulnerable job roles is retained by existing employers and reskilled to take on new or redesigned job roles within the same company

Funding:

*Funding caps may apply

Long-term Unemployed (LTU) is defined as being unemployed and actively seeking employment for six months or more.
*Mature trainee is defined as being aged 40 and above.

For more information, view online brochure here. Alternatively, you can register your interest with jacklim@smfederation.org.sg

 

7. Up to 90% subsidy for customised tech solutions

 

The Enterprise Dvelopment Grant (EDG) funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost to help companies upgrade their businesses, innovate or venture overseas under the following pillars: Core Capabilities, Innovation and Productivity, and Market Access.

 

UpdateAs announced at Supplementary Budget 2020, the maximum support level will be raised to 80% from 70% till 31 December 2020. Maximum support level for enterprises that are most severly impacted by CoVid-19 may be raised to 90% on the case-by-case basis.

 

For more information, please refer to Enterprise Singapore. Alternatively, you can register your interest here and we will get back to you in 1 working day: sales@rockbell.com.sg

 

8. Up to $105,000 incentive for better work-life arrangement

 

The Work-Life Grant (WLG) aims to incentivise companies to sustain the use of flexible work arrangements (FWAs) for all employees and to create work-life harmony at the workplace. It comprises 2 components: 1. FWA Incentive of up to $70,000 per company over 2 years 2. Job Sharing Incentive of up to $35,000 per company over 2 years.

 

The FWA Incentive help companies to sustain implementation of flexible work arrangements for local employees and the Job Sharing Incentive help emplyers to implement job sharing for employees at PMET-level with gross monthly salary of at least $3,600, before job sharing arrangement.

 

UpdateTo expedite support, the criteria for WLG has been enhanced to make it easier and faster for companies. Companies will be eligible to receive the FWA Incentive if the local employee adopts work-from-home arrangements daily for at least one month. If work-from-home cannot be practised, staggered hours work arrangements would also be eligible for FWA Incentive. Both the current WLG and Enhanced WLG (for Covid-19) will run concurrently but companies are only able to apply for one version of the WLG FWA Incentive.
 

For more information, please refer to MOM.

 

 

9. Defer loans and insurance plans payment

 

Individuals can apply to their banks and insurers to defer repayment of property loans, as well as premium payments for life and health insurance plans, as part of a package of measures to ease their financial strain arising from the Covid-19 outbreak. Individuals can defer either principal payment or both principal and interest payments on their residential property loans until Dec 31. Interest will accrue only on the deferred principal amount, and no interest will be charged on the deferred interest payments.

 

Customers of life and health insurance policies can apply to their insurer to defer premium payments for up to six months while maintaining insurance coverage. Premium deferment is available for all individual life and health insurance policies with a policy renewal or premium due date between April 1 and Sept 30. General insurance policyholders, such as for property and vehicles, may apply to their insurers for instalment payment plans while maintaining protection.

For more information, please refer to MAS.

 

 

10. Tax filing deadlines extended

Filing deadlines for (i) Individual Income Tax, (ii) GST returns for accounting period ending Mar 2020, (iii) Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020, (iv) Income Tax for trusts, clubs and associations has been extended. Submission deadlines for (i) S45 Withholding Tax Forms due in April 2020 and (ii) tax clearances has been extended for a month.

For more information, please refer to IRAS.

 

11. 70% funding support for internship programmes

Singapore companies offering internships (local and overseas) to students from Institutes of Higher Learning are eligible for up to 70% funding support on the monthly internship stipend under Global-Ready Talent Programme.

Companies shall provide:

  • One mentor or supervisor to offer guidance to the student during the course of internship;
  • A structured internship opportunity with clarity in internship job scope; and
  • Overseas internships should allow the intern to gain regional market knowledge

For more information, please refer to Enterprise Singapore.

 

12. Up to 75% salary support for local employees

Under the Jobs Support Scheme (JSS), the Government will co-fund between 25% to 75% of the first $4,600 of gross monthly wages paid to each local employee in a ten-month period through cash subsidies. Employers need not apply for the scheme, as the cash grant will be automatically computed based on CPF contribution data.

Only selected sectors mentioned below will receive 50-75% support, all others will receive 25% support.

  • Aviation and Aerospace 
  • Tourism, Hospitality, Conventions and Exhibitions
  • Built Environment
  • Food Services
  • Retail
  • Arts and Entertainment
  • Land Transport
  • Marine and Offshore

If your nature of business is not mentioned above but would require more governement assistance, you can appeal here.

For more information, please refer to IRAS.

 

Alternatively, you can contact us directly for more information!

 

Hotline : +65 6469 7720

WhatsApp : +65 9225 0304+65 9226 8890

Email : sales@rockbell.com.sg

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As an accounting firm, Million Accounting Software has helped me a lot in managing different clients's accounts by creating different database. The 'recurring transaction' feature makes all accounting entries fast and simple, and make it a great tool to rush for backlog accounting and meet deadlines.
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