SMU Associate Professor of Accounting Khoo Teng Aun compared the two options available to an SME not in a tax-paying position – cash payout (CP) or the Productivity and Innovation Credit (PIC) deduction/allowance – and concluded that whether the company should claim CP when it is incurring losses would depend on, among other considerations, its expected profitability in future years.
Accounting Information System
The Business Times
KHOO, Teng Aun.
Maximising Tax-Related Cashflows for SMEs. (2012). Business Times. Research Collection School Of Accountancy.
Available at: http://ink.library.smu.edu.sg/soa_research/1045
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