Singaporean companies can enjoy tax incentives, such as a partial tax exemption on up to S$100,000 taxable income, with 75% of their first S$100,000 corporate profits exempted for the first 3 tax filing years, a 50% further tax exemption on up to S$100,000 taxable income, and can also enjoy further partial tax exemption for an 8.5% tax rate on taxable income on up to S$100,000 per annum.

The government has also implemented a number of schemes to assist businesses, such as the Productivity and Innovation Credit (PIC) scheme, which provides tax deductions or cash payouts for investments in innovation and productivity.

They can also apply for the Productivity and Solutions Grant (PSG), which funds investments in productivity and innovation, such as new technology and equipment adoption. This grant assists businesses in increasing productivity and remaining competitive. Xerosoft is a pre-approved PSG vendor, and eligible clients can have up to 70% of their yearly accounting fees covered by this grant.