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Singapore economy shrinks 5.8% in 2020
20/01/2021
For financial analysis and affordable accounting and tax services, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Singapore economy shrinks 5.8% in 2020 after contraction eases to 3.8% in Q4: Flash data
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S’pore economy likely to see slow recovery
20/01/2021
For financial analysis and affordable accounting and tax services, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! ST Global Forum: S’pore economy likely to see slow recovery in second half of 2021, says DPM Heng
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YA2021 tax exemptions due to COVID-19
19/01/2021
YA2021 tax exemptions due to COVID-19 environment: https://www.iras.gov.sg/irashome/COVID-19-Support-Measures-and-Tax-Guidance/Tax-Guidance/For-Individuals/Exemption-for-Employment-Benefits-for-Accommodation–Food–Transport-and-Daily-Necessities/ Need help in filing proper individual and corporate tax returns? Need to file taxes ON TIME? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Follow us at www.lnmsolutions.com
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S’pore unemployment rate fell in November
19/01/2021
Needing HR advisory? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Singapore’s unemployment rate fell in November for the first time in 2020: MOM
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$17.4b in loans through Enterprise S’pore
18/01/2021
Having queries about the Temporary Bridging Loan Programme rolled out in this pandemic? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com to find out more. Firms took $17.4b in loans through Enterprise S’pore amid virus crisis
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Revised Penalty Framework for Annual Lodgment
18/01/2021
ACRA has revised the penalty framework for late annual lodgments with a simplified 2-tier penalty, to take effect from 30 Apr 2021. Need the latest Corporate Secretarial Practices advisory? Contact us as your one-stop Solutions Provider at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Revised Penalty Framework for Annual Lodgments to take effect from 30… View Article
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Slower rate of decline in SG’s core
01/01/2021
Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! Slower rate of decline in Singapore’s core and overall inflation in November
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Simplified Insolvency Programme
01/01/2021
Small businesses to note: There is now a temporary simplified insolvency programme modified from the existing insolvency framework and small businesses can benefit from simpler, faster and lower-cost proceedings for debt restructuring and winding up. Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! Simplified Insolvency Programme
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SPAC – new IPO setup
31/12/2020
SPAC – new IPO setup Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! The shortcomings and hidden costs of SPACs
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Jailed for giving false information to IRAS
31/12/2020
Need help in filing proper individual and corporate tax returns? Need to file taxes ON TIME? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Follow us at www.lnmsolutions.com Man is first person here to be jailed for giving false information to IRAS
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Likely more restructuring, insolvency cases
30/12/2020
Business environment in 2021 – more judicial management, insolvency and restructuring cases to be expected as government aid ends Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! More restructuring, insolvency cases likely in 2021 as reliefs end
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Effective Date for XBRL requirements
30/12/2020
Feel free to approach us at +65 66363691, +65 93262271 or info@lnmsolutions.com if you need any secretarial services or filing or XBRL! Extension of effective date for revised XBRL requirements to 1 May 2021
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Restrictions on work from office may be eased
29/12/2020
Feel free to approach us at +65 66363691, +65 93262271 or info@lnmsolutions.com if you need any HR or payroll advisory and assistance! Restrictions on work from office may be eased in phase 3, more updates soon: Josephine Teo
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The Variable Capital Company (VCC) framework
29/12/2020
The Variable Capital Company (VCC) framework is the trend to look out for. Needing financial consultancy on your business? You can contact us at +65 66363691, +65 93262271 or info@lnmsolutions.com! Plan to tweak VCC framework to draw more single family offices
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IRAS Updates on Tax Crimes
24/12/2020
Do you need help with GST Registration? Having difficulties with GST Reporting? Approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com Follow us at www.lnmsolutions.com Dentist to pay $40,716 in fines and penalties for omission of income and failure to register for GST
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Fines and penalties for omitting bonus income
24/12/2020
Need help in filing proper individual and corporate tax returns? Need to file taxes ON TIME? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Follow us at www.lnmsolutions.com Manager to pay over $200,000 in fines and penalties for omitting his bonus income
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IRAS Advisory on Scam & Fraudulent Activities
23/12/2020
BEWARE of Scam Emails purportedly from IRAS! Stay INFORMED! Follow us at www.lnmsolutions.com! Advisory on Scam & Fraudulent Activities
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Median income of SG residents fell by 6%
23/12/2020
Feel free to approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com if you need any HR or payroll advisory and assistance! Median income of Singapore residents fell for first time since 2004 due to Covid-19: MOM
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Wirecard auditors questioned for fraud case
22/12/2020
Wirecard’s auditors Ernst & Young (EY) questioned by German parliamentary committee over their alleged failure to spot fraud at the payments company. Needing financial consultancy on your internal process? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Wirecard auditors face German lawmakers’ ‘considerable doubts’
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Resurgence of Covid19 cases
22/12/2020
Resurgence of Covid19 cases has dampened global economic outlook for 2021. Needing financial consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! OECD cuts global forecast, warns governments need to maintain support
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