...lai liao...Unfair If Home-Based Diners Who Could Earn $1Mil Annually Exempt From Govt Regulations, Says Ex-Restaurateur

[WarMage87]

For those that want to know where I get my analysis...

https://lmarena.ai/?mode=side-by-side&chat-modality=search

You get the SOTA AI models all for FREE! Haha...

 

[SkyNinja]

Income tax new category for Home Business coming soon

 

[elephantscannotfly]

If home business can employ own staff then song liao loh.

 

[SkyNinja]

revenue 1m, $2739 collected in revenue per day, very easy to achieve this number to be honest

lets just say your profit margin is 10%, which is 100k
you only make $7000+ per mth after taxes

F&B profit margin is definitely not 10%. It's much higher

 

[SkyNinja]

Cause hotel owners complain mah.

And hotel owners = big time stakeholders

FnB owners = small-time stakeholders

Who do you think gov will listen to leh

Last time the hotel bosses really make such loud noise until the ground got vibration. Hotels also employ a lot of headcounts

 

[WarMage87]

You see the Mentaiya guy complaining to Liang Po Po, you think LPP gives a **** meh? Like seriously...

 

[deokiejisoo]

And sinkies are ****ing daft, you go home dining, some home cook uses cheem and atas words like superior stock or 72 hour (insert cooking method) similar to restaurants, sinkies will just pay 199 per head easily. They use woh hup sinkies also can't tell one la.

 

[Lchlch]

only scared that they earn more than 1m, maybe 3m, writer will jump or not

Probably the restaurant owner are not doing well...

 

[marksnow44]

If everything operate from home no need licence, we can rent a big house and open a BlueWave, no need to go JB after that.

 

[thekh21]

Lucky don't patro h.based.Dee their operations might well do or cook at own home

 

[DeadPeople]

good opportunity for govt to grow their income.

 

[DeadPeople]

F&B profit margin is definitely not 10%. It's much higher

F&B margin after food cost is around 70%. the killing part is the fixed cost like rental and employees if can cover margin can be arnd 30% i guess.

Even if home based lower their selling, they still can earn quite decently.

 

[Sen Sen]

$500k maybe but 1m, wash black money?