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Revised Penalty Framework for Annual Lodgment
18/01/2021
ACRA has revised the penalty framework for late annual lodgments with a simplified 2-tier penalty, to take effect from 30 Apr 2021. Need the latest Corporate Secretarial Practices advisory? Contact us as your one-stop Solutions Provider at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Revised Penalty Framework for Annual Lodgments to take effect from 30… View Article
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Slower rate of decline in SG’s core
01/01/2021
Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! Slower rate of decline in Singapore’s core and overall inflation in November
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Simplified Insolvency Programme
01/01/2021
Small businesses to note: There is now a temporary simplified insolvency programme modified from the existing insolvency framework and small businesses can benefit from simpler, faster and lower-cost proceedings for debt restructuring and winding up. Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! Simplified Insolvency Programme
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SPAC – new IPO setup
31/12/2020
SPAC – new IPO setup Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! The shortcomings and hidden costs of SPACs
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Jailed for giving false information to IRAS
31/12/2020
Need help in filing proper individual and corporate tax returns? Need to file taxes ON TIME? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Follow us at www.lnmsolutions.com Man is first person here to be jailed for giving false information to IRAS
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Likely more restructuring, insolvency cases
30/12/2020
Business environment in 2021 – more judicial management, insolvency and restructuring cases to be expected as government aid ends Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! More restructuring, insolvency cases likely in 2021 as reliefs end
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Effective Date for XBRL requirements
30/12/2020
Feel free to approach us at +65 66363691, +65 93262271 or info@lnmsolutions.com if you need any secretarial services or filing or XBRL! Extension of effective date for revised XBRL requirements to 1 May 2021
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Restrictions on work from office may be eased
29/12/2020
Feel free to approach us at +65 66363691, +65 93262271 or info@lnmsolutions.com if you need any HR or payroll advisory and assistance! Restrictions on work from office may be eased in phase 3, more updates soon: Josephine Teo
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The Variable Capital Company (VCC) framework
29/12/2020
The Variable Capital Company (VCC) framework is the trend to look out for. Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! Plan to tweak VCC framework to draw more single family offices
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IRAS Updates on Tax Crimes
24/12/2020
Do you need help with GST Registration? Having difficulties with GST Reporting? Approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com Follow us at www.lnmsolutions.com Dentist to pay $40,716 in fines and penalties for omission of income and failure to register for GST
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