Serious Do owners of dormant companies qualify for self-employed person income relief scheme?

[destroyer]

Do owners of dormant companies qualify for self-employed person income relief scheme?

 

[nayr69sg]

Of course not.

 

[destroyer]

Of course not.

Why not? My dormant company is not buying or selling but I am still trying to source for suppliers and researching internet sales avenues like amazon.

 

[Valium]

Do owners of dormant companies qualify for self-employed person income relief scheme?

You got pay CPF?
You think PAP give money so easy? They will add in 100 clause to excuse you.

 

[nayr69sg]

Why not? My dormant company is not buying or selling but I am still trying to source for suppliers and researching internet sales avenues like amazon.

Your business has not made any income correct? So what lost income are you claiming for due to the covid19 crisis?

 

[destroyer]

Your business has not made any income correct? So what lost income are you claiming for due to the covid19 crisis?

So only profit making companies can claim?

I only started my company a few years ago but it had not been making any money since then.

 

[nayr69sg]

So only profit making companies can claim?

I only started my company a few years ago but it had not been making any money since then.

Hey this is logic and common sense.

Ask yourself if this is what the government should do then?

Start paying companies that have been dormant and not making any money not paying any taxes not doing anything?

Seriously?

I know you may have been doing some research work for your company but the fact that stuff wasnt making any money for you at all. And certainly wasnt paying for your Bill's.

So why? Why would the government or anyone pay you money?

 

[destroyer]

Hey this is logic and common sense.

Ask yourself if this is what the government should do then?

Start paying companies that have been dormant and not making any money not paying any taxes not doing anything?

Seriously?

I know you may have been doing some research work for your company but the fact that stuff wasnt making any money for you at all. And certainly wasnt paying for your Bill's.

So why? Why would the government or anyone pay you money?

So loss-making companies would not receive handouts via SIRS?

Business Research Costs including calling overseas suppliers also not counted as business activities?

What kind of crap thinking is that?

This is not logic and common sense at all.

 

[glockman]

Why not? My dormant company is not buying or selling but I am still trying to source for suppliers and researching internet sales avenues like amazon.

Since yours is an incorporated entity, i.e., company, you are obligated under the company's act to appoint an auditor/accountant. You can ask him lah.

 

[nayr69sg]

So loss-making companies would not receive handouts via SIRS?

Business Research Costs including calling overseas suppliers also not counted as business activities?

What kind of crap thinking is that?

This is not logic and common sense at all.

Loss making company will depend what stage of the business they are in. Previous business activity. That type of business is real has been trying hard to stay open keep employees working and eke a profit.

Ask your accountant.

Your business is dormant. Might as well say there is no business. Before covid19 and after covid19 what is the difference to your dormant company? You mean you cannot do your online research anymore cos of covid?

Clearly you are hoping for free cash for basically nothing to start with.

It is called tahn chiak.

Should send people who want money like that to go work at the hospitals in the covid19 units.

 

[destroyer]

Loss making company will depend what stage of the business they are in. Previous business activity. That type of business is real has been trying hard to stay open keep employees working and eke a profit.

Ask your accountant.

Your business is dormant. Might as well say there is no business.

Clearly you are hoping for free cash for basically nothing to start with.

It is called tahn chiak.

Should send people who want money like that to go work at the hospitals in the covid19 units.

So business research activities are not considered to be real?

Business research activities are not considered “business activities”?

I have to borrow money to pay for my internet mobile phone costs to call overseas suppliers which I can prove by providing emails.

So these are not called business activities?

Yes I have no sales business so no sales business are not considered to be self-employed?

Bravo! I Guess PAP only help those who pay taxes then.

 

[nayr69sg]

So business research activities are not considered to be real?

Business research activities are not considered “business activities”?

I have to borrow money to pay for my internet mobile phone costs to call overseas suppliers which I can prove by providing emails.

So these are not called business activities?

Yes I have no sales business so no sales business are not considered to be self-employed?

Bravo! I Guess PAP only help those who pay taxes then.

So your business damn good lah. Pre covid makes no money. Post covid got money coming in.

So your business financials actually improved during covid crisis if govt gives you pay outs right?

You say is that logical?

 

[destroyer]

So your business damn good lah. Pre covid makes no money. Post covid got money coming in.

So your business financials actually improved during covid crisis if govt gives you pay outs right?

You say is that logical?

Eh Chee Bye Kia, my company is making losses covid or no covid.

You cannot understand simple English is it？

 

[nayr69sg]

Eh Chee Bye Kia, my company is making losses covid or no covid.

You cannot understand simple English is it？

When you have to start calling people names and cursing foul language that is a sign your brain already admit I am correct but your mouth cannot accept it. LOL!

I can understand simple English.

You cannot understand simple economics.

Anyway go apply lah. Let us know if sinkie governmetn give you money.

Maybe they will. LOL!

I would love if you post publicly to let the whole world know how your dormant business got more money during covid than before covid.

LOL!

 

[nayr69sg]

You got pay CPF?
You think PAP give money so easy? They will add in 100 clause to excuse you.

This is the type of typical sinkie fellow countryman you have lor.

LOL!

 

[nayr69sg]

Why not? My dormant company is not buying or selling but I am still trying to source for suppliers and researching internet sales avenues like amazon.

Can you share what kind of business your dormant company is doing?

 

[nayr69sg]

Do owners of dormant companies qualify for self-employed person income relief scheme?

yes sure qualify. Please go apply ok?

If govt says no I will FUCK THE PAP FOR YOU OK? LOL!

 

[A Singaporean]

Dormant companies can also get the money but they have to be foreigner owned companies. Sinkie owned companies can go fuck.

 

[nayr69sg]

Dormant companies can also get the money but they have to be foreigner owned companies. Sinkie owned companies can go fuck.

Lol!

Come just add me as owner of your dormant company then we can share the money.

 

[bobby]

Simple...say if you have $200K of sales revenue before Covid-19 and after Covid-19 your sales drop to $50K, you are looking at a loss of income of $150K due to the Covid-19.

So your starting point for any claim is "loss of $150K income"...and you must be able to substantiate this with the relevant docs eg GST payments, financials, P&L etc etc

So if you are a dormant company...you no pay GST for last 2 years then you already half fucked.