Blog
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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Non-compliance of Income Tax & GST laws
04/08/2020
Need help with compliance to Income Tax and GST laws? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com for prompt assistance. Two Directors of Plastic Cards Company Convicted for Income Tax Evasion and Failure to Register for GST
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Best World’s Shares Remain Suspended
03/08/2020
Case: Auditors gave disclaimer of opinion on Best World’s financial statements for FY2018. Best World must address concerns over accounting practices: SGX
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Assistance and Upskilling Programmes
03/08/2020
Government schemes to boost employability of local workforce: What help is there?
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Worst-Ever Quarterly Fall in Employment
03/08/2020
Big quarterly fall in employment even as the Covid19 pandemic takes its toil on businesses and layoffs increase: Singapore sees worst-ever quarterly fall in employment in Q2 as retrenchments double: MOM data
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Unfair Retrenchment Process
02/08/2020
Fair retrenchment process needs to be practised, even amidst the economic storm caused by Covid-19: NTUC, unions stepped in to stop unfair retrenchment by aircraft maintenance firm; industry action averted
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