Blog
Manpower issues in construction sector
14/08/2020
Construction sector in Singapore faces continued manpower issues Manpower issues pose biggest roadblocks for construction firms seeking to resume business amid Covid-19 pandemic
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Non-compliance of Income Tax & GST Laws
08/08/2020
Need help complying with Income Tax and GST laws? Approach us for a free consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Used Car Dealer Abetted Company to Understate over $6 million of Income
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MAS fined International trust Asiaciti Trust
07/08/2020
Case: International trust Asiaciti Trust fined by MAS for poor controls against money laundering and terrorism financing. Internal controls and proper cashflow management are very important for any corporate companies and businesses. Contact us at at +65 66363691, +65 9326 2271 or info@lnmsolutions.com for timely consultancy. Asiaciti Trust fined S$1.1m for poor money-laundering controls
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COVID-19 Support Measures and Tax Guidance
07/08/2020
Updated Tax Guidance on COVID-19 Support Measures: COVID-19 Support Measures and Tax Guidance
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Singapore Job Market Situation
07/08/2020
“Without the SGUnited Jobs and Skills programme, the local job market conditions would have likely deteriorated faster,” said OCBC Bank head of treasury research and strategy Selena Ling. Experts fear worst may be yet to come in S’pore job market
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Responsible Retrenchment Practices
06/08/2020
Fair Retrenchment Framework proposed on three key principles: protecting the Singaporean core of the workforce, preserving jobs and providing job support. NTUC calls on firms to observe responsible retrenchment practices, keep Singaporean core
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Register of Registrable Controllers (RORC)
06/08/2020
Under the law, all companies, foreign companies and LLPs, unless exempted, are required to file the information in their existing RORC with ACRA’s Central Register of Controllers, within 30 days from 30 July 2020. In view that Singapore has just exited the Circuit Breaker and to assist business entities to ease into the resumption of… View Article
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Incorrect Declaration of Directors’ Fees
05/08/2020
We can help you ensure your corporate tax and individual tax are properly filed to IRAS! Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Investment Company and its Director Fined for Incorrect Declaration of Directors’ Fees in Tax Returns
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Financial Reporting Practice Guidance
05/08/2020
Important Guidance to Directors (And Accountants) : Impact of Covid19 Pandemic on Financial Statements Financial reporting practice guidance no. 1 of 2020 (issued on 22 may 2020) – Proposed areas of review focus by directors on the financial statements affected by the covid-19 pandemic
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Reaching Out to Retrenched Workers
04/08/2020
Companies can try to be onboard SGUnited Jobs and Skills Package to offer traineeships and jobs with subsidies from government. Retrenched workers: Govt will be generous with support but firms also need to ‘play ball’, says Tharman
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