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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. Productivity Innovation Credit How SG clients can get NBP at 68% off normal price with Government subsidies
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. What is Productivity Innovation Credit (PIC)? Introduced in the Singapore Budget 2010. Enhanced in Budget 2011 From 2011 to 2015, all businesses can enjoy 400% tax deduction on up to $400,000 of their expenditure per year on each of the SIX qualifying activities
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. SIX Qualifying Activities that are Claimable 1) Acquisition or leasing of PIC Automation Equipment 2) Training of employees; 3) Acquisition of Intellectual Property Rights; 4) Registration of patents, trademarks, designs and plant varieties; 5) Research and development activities; and 6) Investment in approved design projects. http://www.iras.gov.sg/irashome/PIcredit.aspx#Summary_of _Deductions/Allowances_on_Investment_Activities
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. NPQ Business Portal NBP is a LEASED SOFTWARE Yearly subscription software Hence qualify 400% tax deduction
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. What does this means to our SG client? Pays $3,900/year for NBP Next year can claim 400% x $3,900 = $15,600 as expenses to be less off revenue Corporate Tax is 17% in Singapore The client SAVES $15,600 x 17% = $2,652 in taxes Hence the client has in effect paid $3,900 - $2,652 = $1,248/year only for his NBP Client enjoys 68% discount because of PIC!!
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. Here lies Telemarketing& SMS Blast Died in 2012
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. ALL other marketing channels CANNOT claim Newspaper ads TV ads Radio ads SMS blast Email blast Telemarketing Yellow pages Google Adwords Facebook Ads From NOW until 2015, NPQ Business Portal is the ONLY marketing channel that can CLAIM PIC
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. Easy Process to Claim PIC Business owner talks to own accountant All accountants in Singapore has already been called for training by government on PIC PIC Consultant Forward request to NPQ, we will facilitate Some existing clients last year have already claimed for PIC this year Stock investment seminar singapore Natural remedies singapore
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. In Summary: Message for Prospects 1) Spam laws to clam down PUSH marketing like email, sms and telemarketing 2) Get NPQ Business Portal with 68% subsidy from Government 3) No other advertising/marketing can claim PIC CONCLUSION: SMEs must move from PUSH to PULL marketing with Government funding help
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System for Increasing Net Profits Without Increasing Marketing Budgets 2010 NetProfitQuest Pte Ltd. All rights reserved. Thank You! Resources: www.NetProfitQuest.com www.FaceBook.com/NetProfitQuest YouTube.NetProfitQuest.com Twitter.NetProfitQuest.com www.NetProfitQuest.com www.FaceBook.com/NetProfitQuest YouTube.NetProfitQuest.com Twitter.NetProfitQuest.com
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