Blog
Fines and penalties for omitting bonus income
24/12/2020
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 Manager to pay over $200,000 in fines and penalties for omitting his bonus income
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IRAS Advisory on Scam & Fraudulent Activities
23/12/2020
BEWARE of Scam Emails purportedly from IRAS! Stay INFORMED! Follow us at www.lnmsolutions.com! Advisory on Scam & Fraudulent Activities
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Median income of SG residents fell by 6%
23/12/2020
Feel free to approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com if you need any HR or payroll advisory and assistance! Median income of Singapore residents fell for first time since 2004 due to Covid-19: MOM
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Wirecard auditors questioned for fraud case
22/12/2020
Wirecard’s auditors Ernst & Young (EY) questioned by German parliamentary committee over their alleged failure to spot fraud at the payments company. Needing financial consultancy on your internal process? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Wirecard auditors face German lawmakers’ ‘considerable doubts’
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Resurgence of Covid19 cases
22/12/2020
Resurgence of Covid19 cases has dampened global economic outlook for 2021. Needing financial consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! OECD cuts global forecast, warns governments need to maintain support
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Compulsory Work Injury Compensation Insurance
21/12/2020
Business Owners and Employers, do you know that you are required to take up work injury compensation insurance for staff doing manual work and for non-manual work staff earning a salary of $2,100 or less a month, excluding any overtime payment, bonus payment, annual wage supplement, productivity incentive payment and any allowance? Contact us at… View Article
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250,000 workers saw a pay cut in 2020
21/12/2020
More paycuts this year for employees in Singapore due to pandemic-hit businesses. Needing HR consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! 250,000 workers saw a pay cut between March and September
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Some employers planning to scrap bonuses
21/12/2020
Year-end Bonuses for employees may be cut or reduced by some private sector companies. Needing HR consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Some employers in Singapore planning to scrap staff bonuses this year
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MOM Investigation on Hiring Practices
18/12/2020
The Ministry of Manpower (MOM) barred employers with discriminatory hiring practices from hiring new foreigners or renewing the work passes of existing foreign staff for a period of time. Needing HR consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! More Singapore employers investigated for possible discriminatory hiring… View Article
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25% S’pore employers plans to freeze salaries
18/12/2020
Needing HR consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! 1 in 4 Singapore employers plans to freeze salaries in 2021: Survey
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