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Maximizing Your PIC Claims Legally

Note: PIC (Productivity and Innovation Credit) from IRAS gives companies 60% cash (maximum $60,000 yearly) when they invest in training and equipment. To get the most from the government under PIC claims and yet don't cheat them and break the law, all companies can do the following 7 things: (to get your free iPhone 6 + worth $1,488 without paying, read this ) Get a designated person in your company to be the PIC Leader, who will oversee all PIC claims.  This is because there is no such thing as auto pilot, more at here Learn from trainers how to maximise the PIC claims.  An example of a good course is here Go for cash payout instead of tax deduction , as this will give you more cash flow, allowing to invest more in PIC activities and claim even more in return Invest in PIC claimable equipment , like an automated door instead of a fancy door Invest in training , especially those t raining that increases your profits directly , in particular sales training .   Invest i