Blog
New price transparency guidelines
23/09/2020
Business owners to note: A set of guidelines, which specify pricing practices that may break the law, will take effect on Nov 1 and apply to all physical and online suppliers, the Competition and Consumer Commission of Singapore (CCCS) said on Monday (Sept 7). For proper internal process consultancy, approach us at +65 66363691, +65… View Article
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Bleak unemployment outlook
18/09/2020
Bleak unemployment outlook in the next 6 months. Business owners, having HR headaches? Please feel free to approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Coronavirus: Thousands of jobs in Singapore may go in next 6 months, say experts
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Breach of fiduciary duties as directors
17/09/2020
Hin Leong directors accused by judicial managers of breach of fiduciary duties as directors and fraudulent trading. For proper internal process consultancy, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Hin Leong founder O.K. Lim and two children sued by bankrupt firm’s judicial managers for US$3.5 billion
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False Declaration of Salary for Work Pass
11/09/2020
Case: Company charged for false declaration of monthly salary for work pass applications. For proper payroll computations, contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Company fined $52,000 for inflating monthly salaries of foreign workers in work pass applications
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Increased salary criteria for foreign workers
11/09/2020
Calls for foreign worker minimum wage requirements to be further raised in ICT and professional services sectors. We can help you with your HR related issues! Feel free to approach us if you need solutions for your HR situation. We can be contacted at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Parliament: MP calls for… View Article
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GoBusiness Gov Assist
11/09/2020
Business Owners, need a one-stop access to all the Government’s assistance schemes and grants for this year? You can refer to the link below or contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com for a FREE consultancy on what you may be needing or looking for. GoBusiness Gov Assist
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Cash Flow Problems from Covid-19 Demand Hit
10/09/2020
Business Owners: facing cashflow issues? Approach us for advisory on cashflow management and government cashflow financing schemes in this tough pandemic recession. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Finance professionals say Singapore firms face cash flow problems from Covid-19 demand hit: Survey
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Personal Tax Treatment for Benefits-in-kind
10/09/2020
Is Long Service Award given to employee taxable as a benefit-in-kind? No, if it is non-cash in nature and if its value does not exceed $200. See more details below as well as check out the other benefits-in-kind given to employees which are exempted from personal tax. Need clarifications on Personal Taxation and IR8A submissions?… View Article
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Failing to announce financial transactions
09/09/2020
Case of failing to announce financial transactions: Having issues with accounting and backoffice compliance? Come approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Man behind firm that invented thumb drive fined $80,000 for failing to announce transactions
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Signing of Bilateral Agreements
09/09/2020
Bilateral agreements signed for better trade opportunities. Thinking of setting up a business in China? Approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Bilateral agreements have not jeopardised employment opportunities for Singaporeans: Heng Swee Keat
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