This month was rather muted for me as there wasn’t any returns on my investment portfolio. But apart from the regular income from my day job, I have earned $624 from my side hustles this month. Active Income: $600 Webhosting Renewal ($300) I received a quarterly payment for a webhosting and content management service from a client whom…
This month was rather muted for me as there wasn’t any returns on my investment portfolio. But apart from the regular income from my day job, I have earned $600 from my active income this month. Active Income: $600 Website Maintenance Project ($300) During my reservist, a former client of mine sent me an email requesting for…
The Singapore government has always been encouraging the spirit of philanthropy and giving and one of the best policies that was implemented was giving tax deductions for donations made to a tax-deductible charity. Since 2009, qualifying donations have been entitled to a 250 per cent tax deduction. There are a few ways to reduce taxable income in…
It’s that time of the year again when you receive a letter or SMS from the Inland Revenue Authority of Singapore (IRAS) to file an Income Tax Return for income earned in 2014. If you only have auto-included income and their relief claims are the same as the previous year, IRAS may waive the requirement for you to…
Happy Lunar Year! I hope the month has been as good for you as it was for me. Thanks to my awesome clients Apart from the regular income from my day job, I have received $634.79 from active, passive and investment incomes this month. Active Income: $450 Shopify Project ($250) A friend-turned-client of mine wanted to set…
Over the past week, the local media has been giving bite-sized news about what’s going to be announced in Singapore Budget 2015 plan and today, the Deputy Prime Minister and Finance Minister, Tharman Shanmugaratnam gave the speech to give the full details about Singapore Budget 2015 on local television. I didn’t really care much about…