Blog

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

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

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

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

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

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

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