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Welcome to Personal Business Tax Guide,

Providing essential tax news and information on business for contractors, entrepreneurs, professionals, small businesses, artists, sportspersons and entertainers.

Dear Reader,

To Singapore this week, where incentives for SMEs to retain their older and more experienced workers have come into force after several years of discussion.

In the face of a rapidly ageing population (government estimates suggest that Singapore will have a population of 500,000 above 65 by 2020, compared to 300,000 in 2007), longer working lives are likely to be required in order to ensure adequate funds for retirement.

 

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Latest Comments

Purchasing investment-link insurance for my staff

Would that count as income tax to my staff? And would that count as expense to my company?Michael

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Irish crisis - effects on small business?

Hi all,

Just wondering if anyone 'on the ground', as it were, might be reading and able to help me...I was considering relocating my hairdressing business from the UK to Ireland before the economy started to go properly belly-up...now, not so much.

Are things as bad as they seem over there, or is it being over-hyped by the media? And is the government still keen to support small business people? Cos if not, I'll look elsewhere...

Thanks,Kate

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Jersey vs. Malta??

Hi, I live in South Africa, and along with 2 business partners (one in South Africa and one in Ireland - all South African citizens though) are setting up a company that designs Smart phone applications. As they will be sold on the various platforms (none of which operate out of South Africa)we have to list our company as operating out of Ireland anyway. As such, we have decided to set up our company in the best tax country and are wanting info on whether Jersey or Malta is best? If anyone has some inside info we would really appreciate it!! Thanks!Mary

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Living in France contracting to Australian company

I am moving full time to France in Jan 2012 where I will be working as a freelance contract engineer to a number of Australian based companies. It is my choice to move to France not a work requirement. I will be renting my house out in Austrlalia and renting a house while I am in France. I hold both EU & Austrlain citizenshiip. I am married with 2 young children. Approx total family income $100k AUD.
Do I pay tax in France or Australia or both ?
Any help or guidance would be much appreciated.France move

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website planned to be sold off shore in the future

i'm a EU citizen, living the US, planning to start a website with the goal of selling it within a couple of years. how should i structure it to avoid paying taxes on the sales profit? maybe a holding or trust in a low tax country owns the US company? should i change my domicil - where to? - when the time comes to reap the benefits? i would be grateful for any advice. thank you for much.
j. frank

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Individual Business Briefing

Re-Employment Legislation Takes Effect In Singapore

Wednesday 25/1/2012

The implementation of new rules and support for SMEs and other businesses in Singapore to re-employ older workers, in the face of a rapidly ageing population took effect earlier this month.
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Hong Kong Start-Ups Reached Record Level In 2011

Wednesday 18/1/2012

Figures published by the Hong Kong Companies Registry earlier this month have revealed that the number of start-ups registering in 2011 showed an increase of 6.31% last year on 2010 figures, with a record 148,329 registering over the course of the year.
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ISME Slams Ongoing Jobs Initiative Delay

Wednesday 11/1/2012

The Irish Small and Medium Enterprises Association (ISME) has this month slammed the Republic's government once again for delays in implementing the jobs initiative that was a key post-election pledge.
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UK Small Businesses Concerned By HMRC Spot Check Plans

Wednesday 4/1/2012

Concern has been expressed regarding a ramping up of HM Revenue and Customs' Business Record Checks programme set to take place in April, with many small businesses fearing that the fine which can be imposed if they fail to provide adequate records to support their tax returns may push them into insolvency.
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Difficult Economic Climate Catches Up With Swiss SMEs

Wednesday 21/12/2011

According to a recently published poll, although the global economic downturn and the strong Swiss franc have affected smaller firms in Switzerland to a lesser extent than their larger counterparts, in the third quarter of 2011, the economic situation had a more significant negative impact on the SME sector too.
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Network News

EU Proposes Comprehensive Data Protection Reforms

Sunday 29/1/2012

European Justice Commissioner Viviane Reding has proposed a comprehensive reform of the European Union 1995 data protection rules to strengthen online privacy rights and boost Europe's digital economy.
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Finance Malta Launches 'Sector Guides'

Sunday 29/1/2012

Finance Malta, the public-private partnership set up to promote Malta's financial services sector, has launched a set of technical and promotional guides in support of local practitioners to aid prospective investors considering operations in Malta.
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Bill To Extend US Social Security To Puerto Rico

Sunday 29/1/2012

Puerto Rico’s Resident Commissioner, Pedro Pierluisi, has introduced proposed legislation into the United States Congress that looks to extend the Supplemental Security Income programme to Puerto Rico, as well as to Guam, the US Virgin Islands and American Samoa.
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US, Egypt Agree To Develop Trade

Friday 27/1/2012

At a recent meeting, the United States Trade Representative Ron Kirk and Egyptian Minister for Industry and Foreign Trade Mahmoud Eisa agreed to develop an Action Plan designed to enhance further the already strong bilateral trade and investment relationship.
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Sarkozy Readies Fiscal Strategy

Thursday 26/1/2012

Hoping to avoid an electoral defeat in the forthcoming presidential elections, French President Nicolas Sarkozy intends to unveil concrete details of proposed fiscal measures designed to stimulate the country’s economy on January 29.
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