Blog

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

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

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

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

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

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

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

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

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