361 Degree Consultancy Pte Ltd

Workplace Health Promotion Grant

WHAT is the Workplace Health Promotion Grant?
The Workplace Health Promotion (WHP) Grant is a funding scheme offered by the Health Promotion Board (HPB). The Grant provides financial support to help organisations start and sustain their workplace health programmes.

WHAT is the value of the Grant?
The maximum grant quantum is $10,000. The organisation must co-fund the WHP project by contributing 50% or more of the project cost.

WHAT can the Grant Fund?
The Grant covers a wide range of WHP services/activities including:

• Consultancy
• Health needs assessment
• Health education activities
• Sports and physical activities
• Targeted health interventions
• Training
• Purchase of health and fitness equipment

Funding is not extended to activities that are funded by other agencies.

Please refer to WHP Grant Funding Guidelines and Examples of WHP activities fundable by the Grant.

WHO can apply for the Grant?
Any organisation registered in Singapore can apply. The organisation must abide by the following terms and conditions:

• Organisation must apply for the Singapore HEALTH Award (SHA)¹ following in-principle approval of the Grant project.
• HPB’s prior approval for the project must be obtained before commencing the activities. There will be no funding of past activities.
• Organisation is to adhere to the approved project plan. HPB’s clearance needs to be sought before making any changes to the plan.
• Organisation can apply for the Grant as a newcomer and when the organisation attains award in the respective SHA categories, i.e. Bronze, Silver, Gold and Platinum. For each category, the organisation is eligible to apply for up to two Grants².
• The project must be completed within 12 months from the date of HPB’s in-principle approval.
• All payments must be made within 12 months from the date of HPB’s in-principle approval.
• At least 80% of the approved Grant amount must be utilised.

HOW to apply for the Grant?
Submit the completed Application Form (See attached sample) to HPB. HPB will notify you of the outcome within 15 working days upon receipt of your application.

HOW is my organisation reimbursed?
The Grant will be disbursed upon completion of the project. To seek reimbursement, please submit to HPB:

• Photocopies of receipts, payment vouchers or audited statement of payment
• Completed Interbank GIRO Form
• Completed  Grant Reimbursement Form
  • For application from 1 May 07 to 31 Mar 08
    • WHSP Grant Reimbursement Form (see sample reimbursement)
  • For application from 1 April 08
    • WHP Grant Reimbursement Form (see sample reimbursement)

The amount reimbursed will be based on principal sum and excludes GST. All payment will be made via GIRO.

Who is eligible for Enhanced Maternity Leave

Posted by admin on May 26, 2009

Recently, our clients enquire about Maternity leaves and for the benefit of everyone, here are the criteria list by MOM.

 

 

Source: www.mom.gov.sg

 

Who is eligible for the extended Government-Paid Maternity leave?

You will be eligible for 16 weeks of paid maternity leave if:

 

a) Your child is born on or after 31 Oct 2008 when the legislative amendments take effect.  For a child born in the transitional period from 17 Aug 2008, the extended maternity leave voluntarily granted by employers will be funded by the Government; and

b)Your child is a Singapore Citizen; and

c) The child’s parents are lawfully married;

AND

You have worked for your employer for a continuous duration of at least 90 calendar days before the birth of your child;

OR

You are self-employed and have been engaged in a particular business / trade / profession for a continuous duration of at least 90 calendar days before the birth of your child; and you have lost income as a result of not engaging in your trade, business, profession or vocation during the maternity leave period.

Observe and Prepare, start your business when time is right.

Posted by admin on May 26, 2009

Starting a business is always not easy and through survey, most people started a business because they are passionate of what they believe.

However, when is the right time to start business? In fact, anytime is the right time. Question is: ARE YOU READY?

Opportunity knock on your door almost everyday, it is just that we do not realize because we are not trained to smell it. My mentor, Mr. Andy Ong, from ERC Holdings written a book and commented that we are brought up a environment to find a stable job and work and work. Best it is in a MNC with great benefit such as dental claim and etc. You probably recall, once discussing with friends to compare how much can you claim on benefit.

Entrepreneur is always looking out for opportunity in any time and any place! Most of the successful entrepreneur mentioned that they started the business at the right placea and at the right time. Not really, in fact, they have waited for so long and the time is right, they started the business at the right place!

Entrepreneurs have been preying and waited patiently…..

Are you ready to set up your business? Pursuing your dream? If you answer yes, start observing and and be prepared!

Entrepreneur at the Age of 18

Posted by admin on May 26, 2009

ACRA has announced that the legal age to be a local director has been reduced from 21 to 18. This mean entrepreneurship may start as early as university or polytechnic. This is in line with lots of governemnt policies.

 

 

I am quite happy this is implemented especially at this economy downturn. We have been taught to look for a stable job and work in a MNC, our education system did not, YES DID NOT, teach us anything about ENTREPRENEURSHIP. Finally someone has spotted the gap in the education system and patch it up with lots of creativity and innovation.

 

 

Below is the announcement from ACRA. For more details, please visit www.acra.gov.sg and more information on setting up companies, please visit www.361dc.com

 

 

With effect from 1 March 2009, the age at which most contracts* are binding and enforceable against a minor, and the minimum age to be a director of a company or a manager of a limited liability partnership, will be lowered from 21 to 18 years.

With the change, persons 18 years old and above can register a business name, be a company director, and form companies or limited liability partnerships.

*Note:

The exceptions are:

a) contracts for sale, purchase, mortgage, assignment or settlement of any land, other than a contract for a lease of land not exceeding 3 years;

b) contracts for a lease of land for more than 3 years;

c)    contracts for sale, transfer or pledge of a minor’s beneficial interest under a trust; and

d)    contracts for settlement of any legal proceedings or action in respect of which the minor is, pursuant to any written law, considered to be a person under disability on account of his 

age, or of any claim from which any such legal proceedings or action may arise.

 

How To Enter Opening Balances for Individual Debtor

Posted by admin on May 21, 2009

If you have just started using MYOB and transferring from another software or Excel. User often need to key in opening balances as well as all the outstanding invoices of trade debtors. Just follow the steps and you are on your way to a quick start,

1. Go to “SETUP”
2. Select “OPENING BALANCES”
3. Select “CUSTOMER BALANCES”
4. Select “ADD SALES” and starting entering

Jobs Credit Scheme

Posted by admin on May 20, 2009

Overview

In the recent 2009 budget annoucement, the Finance Minister, Mr. Tharman Shanmugaratnam, has announced several ways to stimulate our economy and the most significant policy, in my opinion, is the job credit scheme. The scheme is not only having an direct impact on businesses but also savings thousands of jobs especially for Singaporeans.

Are you Eligible?

Businesses in operation that have made Central Provident Fund (CPF) contributions for their employees (Singaporeans and Permanent Residents only), with the exception of local and foreign government organisations, will be eligible for the Jobs Credit.

If the directors of an SME is currently not drawing monthly salary but director fee (as director fee is not subjected to CPF), it is time to think twice. Companies shall be eligible for the 12% jobs credit once the directors start submitting CPF. Generally speaking, the director should do so if he/she is currently servicing housing loan using CPF.

How to Calculate?

The calculation is kind of complicated but the lucky thing is that, IRAS will compute this for all companies, and therefore, we are able to work harder during this downturn while enjoying the 12% credit.

The Jobs Credit will be paid to eligible employers in 2009 in four payments: March, June, September and December 2009. And who shall be eligibel? Of course, only Singaporeans and Singapore PR.

The Jobs Credit will be computed based on the employer’s CPF contribution data, which will be provided by CPF Board to IRAS.

The Jobs Credit is calculated based on 12% of the first $2,500 of the derived wage cost for each eligible employee on the employer’s CPF payroll.  This means the employer will receive up to $900 per employee for each payment (12% x $2,500 x 3 months).

For more information on the Jobs Credit Scheme, please visit www.singaporebudget.gov.sg/

For other government grants and services, please visit www.361dc.com.

Extension of GST Grant

Posted by admin on May 17, 2009

You can still enjoy $5000 government to expand your business till the end of June 2009.