APA Consultancy & Advisor Services #2

02/07/2025

02/07/2025

The U.S. Senate has narrowly passed Donald Trump's 'Big, Beautiful Bill', with the deciding vote coming down to Vice President JD Vance.

It marks a crescendo in the ongoing tension between President Trump and former right-hand-man Elon Musk, with Musk saying he would use his resources to launch primary campaigns against the Republicans in Congress who voted for the domestic policy agenda.

Trump has fought back, suggesting his administration may investigate Musk's companies' massive government subsidies.

On Tuesday at the White House, Trump said Musk risked losing "a lot more" than government subsidies and threatened that the Department of Government Efficiency that Musk once led may become a monster that will "go back and eat Elon".

Watch more stories about Donald Trump on the 60 Minutes Australia YouTube channel: https://www.youtube.com/playlist?list=PLRSWoVWHgb9u2052rMYK_UR2wM2E3Gj8L

01/07/2025

*The High Cost of Non-Compliance: A Call to All Company Directors and Business Owners*

In today’s challenging economic climate, maintaining compliance with statutory obligations is not just a regulatory requirement—it is a smart business decision. A concerning trend has emerged where many company directors and business owners are neglecting to file their *Annual Returns (AR) with the Investment Promotion Authority (IPA),* leading to serious consequences, including removal from the IPA registry.

One of our clients recently experienced this firsthand. Due to repeated failure to file annual returns, the company was struck off the IPA register. As a result, the directors were forced to pay a restoration fee of K5,000.00 to reinstate the company. This is an unnecessary and costly burden—especially during tough economic times—when the standard annual return fee is significantly lower.

This situation raises an important question:
*Why wait to pay a hefty penalty when you can simply comply by paying the normal annual return fee on time?*

The IPA has now imposed stricter penalties. A penalty of K1,250 is charged for every day after the AR due date, further increasing the financial pressure on non-compliant companies.

*The Impact of Non-Compliance on Businesses*
Failure to comply with annual filing obligations can have serious implications for businesses and their owners, including:

*Financial Loss:* Restoration fees and daily penalties can amount to thousands of kina—money that could otherwise be used to grow or sustain your business.

*Business Disruption:* Removal from the IPA register means the company loses its legal status, which can halt operations, delay contracts, and interrupt banking and regulatory dealings.

*Reputational Damage:* Clients, partners, and government agencies may lose trust in your business if it's seen as non-compliant or inactive.

*Loss of Opportunities:* A deregistered company cannot tender for government or corporate contracts, nor apply for loans or grants under its name.

*Directors and Business Owners – Be Proactive*
As directors and business owners, you are legally responsible for ensuring your company complies with all IPA requirements, including timely submission of Annual Returns. These filings are not optional—they are a vital part of maintaining your company’s good standing.

We strongly encourage all business owners to:

*Know your AR due dates and plan ahead.*

*Submit your annual returns on time every year.*

*Seek professional help if you're unsure about your compliance status.*

_This is free advice, but ignoring it may cost you dearly. Learn from others’ mistakes and act now to safeguard your company’s future._ _*APA Consultancy & Advisory Services Admin*_

08/03/2025

March 2025,New Businesses registration certificate

08/03/2025

Clarifying this sister's confusing herself with tax. Sole traders, partnerships, IRC do not create GST under account under their TIN number unlike Company corporate Income(CIT) which charges 30% and automatically have GSTand SWT account. Unless they wanted to charge GST on their sales, then they have to inform IRC to create a GST account their individual TIN number. Same approach applies to Salary and wages returns. If GST Account created under sole trader or partnerships, for every sales they will charge 10% and for every purchases they will claim 10%. The net of sales and payables, if sales more then purchases, is payable to IRC every 21st of a month. Or if purchases are more then sales for the month, the owner will claim a credit and can offset in the following month with payables to IRC.
For the personal income tax (PIT), its file every 28th of February of next financial year. This PIT is calculated based on Profit and loss statement. All the incomes that classified by Income Tax Act 1995 as " Assessable are used as gross income, all the Expenses that are classified as Allowable under tax act, will be added become which reduces tax payable. Thus, net profit you have in initial P/Lwill change.

Hope this clarify and provide additional information.
APA CONSULTANCY & ADVISORY SERVICES

08/03/2025

This sister confuses herself. Sole traders, partnerships, IRC do not create GST under account under their TIN number unlike Company corporate Income(CIT) which charges 30% and automatically have GSTand SWT account. Unless they wanted to charge GST on their sales, then they have to inform IRC to create a GST account their individual TIN number. Same approach applies to Salary and wages returns. If GST Account created under sole trader or partnerships, for every sales they will charge 10% and for every purchases they will claim 10%. The net of sales and payables, if sales more then purchases, is payable to IRC every 21st of a month. Or if purchases are more then sales for the month, the owner will claim a credit and can offset in the following month with payables to IRC.
For the personal income tax (PIT), its file every 28th of February of next financial year. This PIT is calculated based on Profit and loss statement. All the incomes that classified by Income Tax Act 1995 as " Assessable are used as gross income, all the Expenses that are classified as Allowable under tax act, will be added become which reduces tax payable. Thus, net profit you have in initial P/Lwill change.

Hope this clarify and provide additional information.
APA CONSULTANCY & ADVISORY SERVICES

22/02/2025

LOCATION

WE here at APA we have page which is running day to day and same on WhatsApp we remain contact and update our customers outside of POM . Therefore we added many to Our WhatsApp and Facebook group to give TRUST and Confidence coz we operating from home and only base in POM. However with the help of technology such WhatsApp, FACEBOOK, email and phone calls we serves clients all across PNG and AROB regions. We have clients from remote parts of PNG such Lake Kopiago in Hela Province, Menumsore in North Fly District, Talasia in WNB, TINPUTS in AROB , KAMBIA IN JIWAKA, Karenz Mendi SHP,TELEFOMIN in WEST SEPIK, Kerowagi in Sombu,Dumun SSY,SIMBU and many more. Those clients in POM want to meet in person, we meet at Central Location at VC.

23/12/2024

Season's Greetings from APA Consultancy & Advisory Services
Dear Valued Clients,
As 2024 draws to a close, we take this moment to extend our heartfelt gratitude for your trust and partnership. This year has been one of remarkable milestones, challenges, and opportunities for growth, and we couldn’t have achieved success without your continued support.
At APA Consultancy & Advisory Services, our mission has always been to deliver effective, professional services tailored to meet your needs at competitive costs. In 2024, we faced challenges head-on, turning them into opportunities to innovate and enhance our service delivery. Through collaboration, commitment, and shared goals, we have strengthened the foundation of our partnerships.
Looking ahead to 2025, we are excited to build on this momentum. We remain dedicated to providing exceptional value and practical solutions, always ensuring your business goals are at the forefront of our efforts. Together, we will navigate the evolving landscape and achieve even greater successes.
Thank you for trusting us as your partner of choice. May your festive seasons be filled with joy, love, and cherished moments with your loved ones. We wish you a prosperous and fulfilling New Year, and we look forward to continuing our journey together in 2025!
Warm regards,
Admin
APA Consultancy & Advisory Services

09/12/2024

way forward

With a population exceeding 10 million people, and only about 500,000 jobs available in the formal sector, the reality is that not everyone will ever find a job.

Give your kids a head start in economic empowerment by enrolling them in the Pacifund Bizkids holiday entrepreneurship program. We've helped almost 100 children run their own businesses every holiday and excited to be commencing the next batch in Port Moresby next week. We accept ages 6 to 16 in different classes based on age. The second last day of the program is the market day where the children apply their learnings and sell their wares. The all sell out within 2 hours and go home with hundreds of kina in takings. After that they prepare a profit and loss statement and submit for the cash prizes we give at the end of the week for these categories:

1. Best female Bizkid
2. Best male Bizkid
3. Highest profit prize
4. Highest revenue prize
5. Most employees hired prize

Click on the ad below to learn more or register your children. 👏

👇

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Your child will:
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🤝 Network Nationwide – Participate in-person in Port Moresby or join online from anywhere.

📚 What’s Included in the Program?
📝 Business Planning – From brainstorming to ex*****on.
💵 Money Management – Budgeting and saving basics.
📢 Marketing Made Easy – Tips to attract customers.
🎯 Sales Strategies – Learn to close deals confidently.

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🧠 Engaging, hands-on activities.
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📞 Call Us: +675 73799000
📧 Email: [email protected]
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🌐 Click on the link below to register:
https://forms.gle/5QjDqhTWrgS8GiG66