Business and Money Tips

The reason people make mistake is that they are unaware of the mistake.  But if you tell them and they still make the same mistake, that 2nd mistake is no longer a mistake but a belief.  Mistakes are not the same as Fraud in that they are all made unintentionally and are all 'honest mistakes'. When you make mistakes in PIC (Productivity and Innovation Credit) claims, you won't get fined but the IRAS will just simply delay the claim process.  So the more mistakes you make, the longer it takes for you to get your money .  The top 11 mistakes make in PIC claims are (in order of frequency) are: Wrong Y/A (Year of Assessment).  YA is always one year faster than this year, so for this year 2014 claims, it should be YA 2015 Include GST when the business is GST registered.  You have to take out the GST portion as you're already getting back the input GST in your monthly GST returns Include non-qualifying amounts , like warranty, consumables, finance c...