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Inflationary pressure in the next 2-3 years
02/12/2021
Inflationary pressure is to be expected in the next 2-3 years. Singapore overall inflation rises to 3.2% in October, highest in more than 8 years Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Inflation #Economy
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The Third Rental Support Scheme Payout
30/11/2021
The third Rental Support Scheme payout, which will be equivalent to a month of rent for the period from Sept 27 to Nov 21, will be paid out to more than 40,000 tenants and owner-occupiers. This is to support businesses with rental costs incurred during the almost two-month long stabilisation phase that ended on 21… View Article
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Senior Worker Early Adopter Grant
13/11/2021
Companies can receive a maximum grant support of $5,000 per senior worker if they: raise their internal retirement age and re-employment age to 65 and 70respectively; commit to providing part-time re-employment opportunities to eligible workers upon their request; and adopt the Tripartite Standard on Age-friendly Workplace Practices. Companies will be required to make changes to… View Article
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New statutory retirement and re-employment age
12/11/2021
On 1 July 2022, the retirement age of Singaporean workers will be raised to 63 and the re-employment age to 68. Per Dr Tan See Leng, “under this (statutory retirement and re-employment age) framework, employers cannot terminate an employee on grounds of age before the statutory retirement age. Workers have the assurance of continued employment… View Article
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Important updates proposed to CPF Act
11/11/2021
Important updates proposed to CPF Act Need assistance with your payroll and CPF lodgements? Approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #CPF #HR #Employment
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Back to Office Requirements from 1 Jan 2022
05/11/2021
From Jan 1 next year, staff who return to the workplace must be fully vaccinated or have recovered from Covid-19 in the past 270 days, as per MOH recent announcement. Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Covid19 #Vaccination… View Article
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Enhanced Supports for Stabilisation Phase
28/10/2021
The Jobs Support Scheme at 25 per cent will be extended until 21 Nov 2021 for sectors significantly affected by the continuing tightened measures in the Stabilisation Phase. The affected sectors include F&B, retail, cinemas, museums, art galleries, historical sites, family entertainment, tourism, gyms and fitness studios, performing arts and arts education. Eligible tenant-occupiers and owner-occupiers… View Article
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Interesting development in Australia
26/10/2021
Australia tables laws to allow companies to switch to online AGMs permanently Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #AGM #VirtualAGM
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Are you needing help with your GST returns?
20/10/2021
Are you needing help with your GST returns? Call us, your professional help is just one call away! You can reach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Sole Proprietor to pay $977,898 in Penalties for Submitting Incorrect GST and Income Tax Returns #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #GST
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The Goods and Services Tax (Amendment) Bill
18/10/2021
The Goods and Services Tax (Amendment) Bill that will likely be introduced from 1 Jan 2023, will see GST imposed on low-value goods worth $400 or less imported by air or post. GST will also be imposed on business-to-consumer imported non-digital services such as live interaction with overseas providers of educational learning and telemedicine. Currently,… View Article
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