by Teng Yeow Lim Teng Yeow Lim
.
Jun 2 2025

Reflecting on Our Journey: Grateful for Enterprise Singapore’s Third Tranche of Support

ASSIST.biz secures third grant from Enterprise Singapore, fueling AI automation for small businesses. Founder Teng Yeow Lim reflects on the journey & future growth

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As a founder, every milestone reminds me that building a business is never a solo journey. It takes an ecosystem — a village of supporters, believers, and enablers.

Today, I’m humbled and excited to share that we’ve secured the third tranche of grant support from Enterprise Singapore.

This funding is more than just capital — it’s a vote of confidence in our vision:
To empower small businesses and entrepreneurs to thrive through simple, effective technology that works for them.

When I look back at the early days, I remember the long nights, the endless problem-solving, and the constant uncertainty. But I also remember the moments of clarity — like when we realized that small businesses need automation just as much as the big players, if not more.

This grant enables us to:
Expand our product capabilities
Accelerate our R&D in AI-driven business automation
Grow our team and invest in talent
And, most importantly, serve more small businesses who are often left behind by enterprise solutions

To the team at Enterprise Singapore — thank you for believing in us.
To my team — thank you for staying the course.
To our customers and partners — we build for you.

This is just the beginning. Let’s keep going — together.


Teng Yeow Lim
Founder, ASSIST.biz

Can I claim for business travel between Malaysia and Singapore?

Yes, provided the travel is for business purposes. However, note the difference in vehicle claims. In Malaysia, you may claim mileage or petrol for company vehicles, whereas in Singapore, private car (S-plate) expenses remain non-deductible even for business trips.

What happens if I do not have a validated e-invoice in 2026?

For Malaysia, the LHDN may disallow the expense deduction entirely if it exceeds the consolidated threshold and lacks a validated MyInvois receipt. In Singapore, GST-registered businesses may find it impossible to claim input tax without the appropriate InvoiceNow documentation.

Are entertainment expenses fully deductible?

In Singapore, they are generally deductible if incurred for business. In Malaysia, they are typically limited to a 50% deduction, with specific exceptions for staff-related events.

How long must I keep my digital records?

Both LHDN and IRAS require records to be kept for 7 years. Digital storage is highly recommended to ensure receipts do not fade or get lost.

ASSIST.biz secures third grant from Enterprise Singapore, fueling AI automation for small businesses. Founder Teng Yeow Lim reflects on the journey & future growth
Founder Blog
by Teng Yeow Lim Teng Yeow Lim
.
Jun 2 2025

Reflecting on Our Journey: Grateful for Enterprise Singapore’s Third Tranche of Support