second job

[tpj2000]

Hi all, I am joining my ex-boss to be free lancing (quite lucrative now). He has all the contacts, so I get a cut and related benefits too. But my current boss wants me to stay. He proposes that I stay in the current firm and continue to work as per normal (wfh) but I get to concurrently do my free lancing. Is that a proper arrangement? Do I have pay twice the CPF and twice to IRAS? (I guess that is fair too).
I did sound out to my current boss that they can also engage me as a free lancer from my new firm. But they prefer to key the headcount internal.

Not a bad idea. Best to get your current boss to be your customer in the new firm. So that the new firm pay for the corporate tax, instead of you paying cpf.

Its a trend in the US. In SG it is legal, but less are doing so - except for the ministers.

s://overemployed.com/12-rules-for-working-remote-wfh/

Originally Posted by tpj2000

Hi all, I am joining my ex-boss to be free lancing (quite lucrative now). He has all the contacts, so I get a cut and related benefits too. But my current boss wants me to stay. He proposes that I stay in the current firm and continue to work as per normal (wfh) but I get to concurrently do my free lancing. Is that a proper arrangement? Do I have pay twice the CPF and twice to IRAS? (I guess that is fair too).
I did sound out to my current boss that they can also engage me as a free lancer from my new firm. But they prefer to key the headcount internal.

[kim1995]

So I'm guessing you'd like to do freelance work alongside your normal corporate job? Yeah I believe this is legal...

As far as I know, plenty of people have side gigs as they call it. I'm not so sure about tax etc, I don't think they account side gigs into it....

Anyone correct me if I'm wrong. I don't think side gigs with inconsistent and insignificant income has to be accounted for tax. Otherwise I'm in trouble lol

Originally Posted by kim1995

So I'm guessing you'd like to do freelance work alongside your normal corporate job? Yeah I believe this is legal...

As far as I know, plenty of people have side gigs as they call it. I'm not so sure about tax etc, I don't think they account side gigs into it....

Anyone correct me if I'm wrong. I don't think side gigs with inconsistent and insignificant income has to be accounted for tax. Otherwise I'm in trouble lol

What is your current side hustle?

Originally Posted by tpj2000

Hi all, I am joining my ex-boss to be free lancing (quite lucrative now). He has all the contacts, so I get a cut and related benefits too. But my current boss wants me to stay. He proposes that I stay in the current firm and continue to work as per normal (wfh) but I get to concurrently do my free lancing. Is that a proper arrangement? Do I have pay twice the CPF and twice to IRAS? (I guess that is fair too).
I did sound out to my current boss that they can also engage me as a free lancer from my new firm. But they prefer to key the headcount internal.

Not bad lei can earn more money but if u think time is hard to manage then choose one ba