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GOVERNMENT FUNDING

Government Grants
and Credits

Services and Solutions with 70% + 27% Funding Support*

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Cloud Accounting for Businesses

Supercharge your Financial Performance with QuickBooks Online and Xero.

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Cloud Accounting for Charities and SSAs

Special cloud-accounting packages for organisations that cares.

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Human Resources Outsourcing

Let us assist you in your monthly  payroll so you can focus on what matters.

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InvoiceNow

Get paid faster and reduce errors with digital invoices between different accounting systems.

What is PSG Grant?

The Productivity Solutions Grant (PSG) is an initiative from the Singapore Government to help small and medium enterprises (SME) adopting IT solutions and automation to improve their business processes and productivity. The maximum funding support will be up to 70% of the cost. For eligible pre-scoped solutions, enhanced support level of up to 80% will be extended from 1 April 2022 to 31 March 2023 for Food Services and Retail sectors.

Eligibility

SMEs can apply for PSG if they meet the following criteria:

  • Registered and operating in Singapore

  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore

  • Have a minimum of 30% local shareholding; with Company's Group annual sales turnover less than S$100 million, OR less than 200 employees (for selected solutions only)

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What is SkillsFuture Enterprise Credits (SFEC)?

 

The SFEC was launched to encourage Singapore SMEs to invest in digital transformation and upskill their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.


Eligibility

Eligible employers who fulfill the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:

  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the qualifying period; and

  • Have not been previously qualified for SFEC; and

  • Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during qualification.

 

Acc Pro (Singapore) Group is proud to be a pre-approved vendor under Productivity Solutions Grant (PSG). Explore below to find out what are the pre-approved solutions that will help you in your business.

 

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