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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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Retirement age will be raised from 62 to 63
15/10/2021
ALL EMPLOYERS TO NOTE!! With effect from 1 July 2022, the retirement age in Singapore will be raised from 62 to 63, and the re-employment age from 67 to 68. This is part of a gradual increase that will ultimately set the retirement age at 65 and the re-employment age at 70 by 2030. In… View Article
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Second Rental Support Scheme (RSS) payouts
07/10/2021
Second Rental Support Scheme (RSS) payouts to be disbursed from 22 September 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 #RentalSupoprt #RSS
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Updates on the Productivity Solutions Grant
06/10/2021
Great NEWS for SMEs!!! The Productivity Solutions Grant – which defrays up to 80 per cent of the cost of funding digital solutions – will be expanded from Oct 2021 to include digital marketing solutions. This grant scope expansion is to assist SMEs to capture new growth opportunities and markets, and to be more efficient…. View Article
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Real-time cross-border fund transfers via phones
05/10/2021
By end of next year, Singapore and Malaysia consumers will be able to make real-time cross-border fund transfers using their mobile phones via the PayNow-DuitNow linkage, as announced by the 2 countries’ Central Banks recently. In July 2022, PayNow will be linked with India’s Unified Payments Interface (UPI) real-time payment system. Feel free to contact… View Article
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Great challenge faced by construction industry
01/10/2021
Great challenge faced by construction industry in present times: ‘Things just went south’: Construction firms under pressure as pandemic bites deep 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 #TemporaryMeasuresAct #Construction
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Guidelines for ART-positive Employees
30/09/2021
The MTF announced on 17 September 2021 a revised approach of managing individuals who test positive on the Antigen Rapid Test (ART) but are physically well (i.e. no evident symptoms like fever, cough, or runny nose). Such individuals are advised to self-isolate to monitor their health, instead of rushing to the nearest General Practitioner clinic… View Article
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Covid-19 (Temporary Measures) Act ends on Sept 30
30/09/2021
Contract disputes expected to increase when the relief period under the Covid-19 (Temporary Measures) Act ends on Sept 30. Contractors may face contractual disputes, claims as Covid-19 legal respite ends 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 #TemporaryMeasuresAct… View Article
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Should live voting at virtual meetings be made compulsory?
29/09/2021
Should live voting at virtual AGMs & EGMs be made compulsory? The study on “The Singapore Report on Shareholder Meetings: The Rise of Virtual Meetings” by NUS Business School professor of accounting Mark Yuen Teen found that only one out of 581 issuers which held virtual meetings in 2020 had live Q&A and live voting…. View Article
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