Beauty and hair salon is a perfect business that gives
opportunities in Singapore. There’re some clients that can spend their time by
visiting their favorite salons. It’s not hard to expand your business in
Singapore. There’s an interesting plan that is fashioned by the Govt. This scheme
is known as PIC Scheme (Productivity and Innovation Credit). This scheme allows
us to get cash payout and tax deduction for some business activities.
You must know that PIC scheme grant from Inland Revenue
Authority of Singapore can help us to grow the salon efficiently.
This scheme can cover many areas to provide the incentives.
While system is also incredible for such shops, so that customer can get
benefits. The beginning of such grant promotes constant improvement of shops
meaning that client gets the best available services. However this grant may
revolutionize areas and industries such as development and research,
intellectual property, IT and external trading. If you’re finding any perfect
and innovative way then this is proper way. This business also plays an
important role in economy. It is like a meeting point between traditional
sector and customers. It’s also vital for Govt. to reform what businesses must
strive uphold as main part so the PIC scheme grant is clever option to manage
it.
Find below some important tips and guidelines to improve
your business.
1. Get suitable trademark for salon
This is the main that you may choose by getting the IRAS PIC
Scheme for salon business. Trademark is also vital that you must have for your
business growth. It may prevent some other competitors to utilize this new trademark
for business purpose. When you’ll create this trademark for business, you’re
able to maintain for PIC Scheme. This action is also managed under the IRAS
system. It is suggested that you should hire lawyers to help you complete all
procedures properly.
2. Buy some good quality hair care goods
Mostly salon owners want to buy some good quality hair
products for their clients. Finding the best option is not hard thing to manage
it. But you’ve to do some development and research tasks to create the good
items for your customers. You must not worry about the pricing of this task as
you may choose PIC scheme for this business tasks.
3. Register some important hair care behaviors to get property
rights
Many salons have some specific hair treatments products.
These treatments must be registered to get the good property rights. A purchase of property rights are managed
under this PIC scheme.Your shop/salon may get benefits with this activity. This
is another main reason why you want to apply for PIC-Scheme in your salon. You
must know the special treatments which you’ve for your special clients. It’s
also very important to avoid such competitors to use these treatment
4. Use latest and high quality technology to deal with the
appointment system
Some salons need proper technology to handle an appointment
system. It’s also considered as the important thing to create the perfect salon.
Most customers book their appointment before they arrive to their shop. You
must maximize the PIC scheme benefits by creating perfect information system
for salon. It’s also suggested to create a proper website. You may promote it
by using social media websites properly.
5. Also appoint skilled and talented staff
You may choose the talented local workers easily. When you need to get the PIC scheme grant, you
must have 3 employees. You must maximize the knowledge and skills from these
workers. It’s also suggested that you provide them special training sessions so
they can get better knowledge. These courses will improve their skills. All
programs can be managed by PIC scheme by IRAS. Once they’ll get these skills
they would serve people properly. The use of quality design approach and CSS
across devices can create unique look and feel. That will give positive
impact. The good design can be improved
by enabling rank of website on different search engines. You should upload
salon related real contents on the web. The contents should be updated on
regular basis. Don’t upload false information.
6. Decrease your costs
Mostly CEO and owners of business can reduce their rates
effectively. If you need to grow this business, you’ll manage the financial
condition properly. When you need this PIC scheme, you’ll get all benefits like
tax deductions. It means that you may reduce taxes prices annually. You will
also get cash pay-out option with help of this PIC scheme. This can be used to
purchase some other things to successfully improve the performance of
salon.
When you’ll read this article, you’ll understand and know
the benefits from this PIC scheme. This scheme is very useful and effective for
every businessman. Nowadays, Singapore’s Govt. is planning to promote owners to
adopt this to improve their business. When you want to grow your business
quickly, then it would be useful.
Thus, Pic Bonus Singapore has increased the growth of private
companies to become multi-national companies. Understanding this lack of
capital is main obstacle to begin new business. This country has also offered
tax incentives, loans, grants, non-financial assistance and equity financing to
assist existing and new entrepreneurs. Some SME has used this program to create
new item, improve process, venture abroad and protection of intellectual
property etc.
In 2011, this scheme was further improved in Singapore to
provide tax reimbursement for investments by some business men with broad range
of actions. These benefits will be effective from 2011-2015. Now, every
business owner can get allowances and deduction of 400% (expenses) instead of
150% allowances and tax deduction with tax rules.
PIC Scheme grants are also applicable on all types of
business. This funding scheme has some rules including disbursement ways and
qualifying criteria. Normally, this grant is designed to handle the
proportion of investment policies. Now management will have wait for other
capitals.
You can also check the website www.pic-scheme.com for more
details about this scheme.
