Blog
New features MyCareersFuture job portal
20/11/2020
New features on national job portal, MyCareersFuture, to strengthen progressive hiring practices among employers: Prompting employers to adhere to TGFEP when placing job advertisements An “Employer Prompt” feature reminds employers to adhere to the Tripartite Guidelines on Fair Employment Practices (TGFEP) when crafting job postings, and before they are published on MyCareersFuture. Better guidance for… View Article
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Further development on the Hin Leong’s case
16/11/2020
Further development on the Hin Leong’s case : Needing consultancy on your business internal processes and controls to prevent fraud, misappropriation and pilferage? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! HSBC sues Lim family, saying they ‘fraudulently deceived’ bank into lending US$111.7 million to Hin Leong
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Jobs Support Scheme not subject to income tax
16/11/2020
Employers who have received wage subsidies under the Jobs Support Scheme (JSS) will not have to pay income tax on the subsidies for YA 2021 and YA2022. We can help you with accurate and proper CPF, AIS and tax filings. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Employers don’t have to pay… View Article
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Goods and Services Tax (GST) Act Updates
13/11/2020
Parliament passed several updates to the Goods and Services Tax (GST) Act on Tuesday (Nov 3), including giving tax enforcement officers greater powers to seize goods when investigating tax crimes, especially Missing Trader Tax Fraud. We can help you with accurate and proper GST filings. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!… View Article
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Penalty for failing to register GST
13/11/2020
We can help you with accurate and proper GST filings. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Mobile phone seller first to be charged with failing to register GST for online sales
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Covid-19 (Temporary Measures) Act Amendments
13/11/2020
Small businesses affected by Covid-19 may terminate their contracts without penalty if they are unable to agree on new terms with the other party, under proposed laws under the third set of proposed amendments to the Covid-19 (Temporary Measures) Act introduced in Parliament on Monday (Nov 2). Needing financial consultancy on your business? You can… View Article
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Heavier fines for data breaches
12/11/2020
Needing consultancy on your business internal processes and controls to prevent data breaches? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Parliament: Heavier fines for data breaches, more support for legitimate business uses of data under amended PDPA
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New schemes to help restructure debt
12/11/2020
2 schemes rolled out to assist SMEs hit by Covid-19 restructure debt: Sole Proprietors and Partnerships (SPP) Scheme Extended Support Scheme Needing financial consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! See links below for more details: https://www.singaporelawwatch.sg/Headlines/2-new-schemes-to-help-SMEs-hit-by-Covid-19-restructure-debt
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Long Road of Recovery from Covid-19
09/11/2020
Recovery of economy is presently not clearly in the horizon yet. Businesses especially dependent on domestic market have to brace for a long road to recovery ahead. Needing financial advisory on your company’s financial situation? Contact us +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Singapore economy will take longer to recover from Covid-19 crisis than… View Article
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Tax Revenue up over FY2019, but drop expected
06/11/2020
Need advisory on your tax matters? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Tax revenue up over FY2019, but analysts say income tax, GST collections expected to drop next year
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