Blog
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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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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