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New features MyCareersFuture job portal
20/11/2020
New features on national job portal, MyCareersFuture, to strengthen progressive hiring practices among employers: Prompting employers to adhere to TGFEP when placing job advertisements An “Employer Prompt” feature reminds employers to adhere to the Tripartite Guidelines on Fair Employment Practices (TGFEP) when crafting job postings, and before they are published on MyCareersFuture. Better guidance for… View Article
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Further development on the Hin Leong’s case
16/11/2020
Further development on the Hin Leong’s case : Needing consultancy on your business internal processes and controls to prevent fraud, misappropriation and pilferage? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! HSBC sues Lim family, saying they ‘fraudulently deceived’ bank into lending US$111.7 million to Hin Leong
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Jobs Support Scheme not subject to income tax
16/11/2020
Employers who have received wage subsidies under the Jobs Support Scheme (JSS) will not have to pay income tax on the subsidies for YA 2021 and YA2022. We can help you with accurate and proper CPF, AIS and tax filings. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Employers don’t have to pay… View Article
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Goods and Services Tax (GST) Act Updates
13/11/2020
Parliament passed several updates to the Goods and Services Tax (GST) Act on Tuesday (Nov 3), including giving tax enforcement officers greater powers to seize goods when investigating tax crimes, especially Missing Trader Tax Fraud. We can help you with accurate and proper GST filings. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!… View Article
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Penalty for failing to register GST
13/11/2020
We can help you with accurate and proper GST filings. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Mobile phone seller first to be charged with failing to register GST for online sales
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Covid-19 (Temporary Measures) Act Amendments
13/11/2020
Small businesses affected by Covid-19 may terminate their contracts without penalty if they are unable to agree on new terms with the other party, under proposed laws under the third set of proposed amendments to the Covid-19 (Temporary Measures) Act introduced in Parliament on Monday (Nov 2). Needing financial consultancy on your business? You can… View Article
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Heavier fines for data breaches
12/11/2020
Needing consultancy on your business internal processes and controls to prevent data breaches? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Parliament: Heavier fines for data breaches, more support for legitimate business uses of data under amended PDPA
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New schemes to help restructure debt
12/11/2020
2 schemes rolled out to assist SMEs hit by Covid-19 restructure debt: Sole Proprietors and Partnerships (SPP) Scheme Extended Support Scheme Needing financial consultancy on your business? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! See links below for more details: https://www.singaporelawwatch.sg/Headlines/2-new-schemes-to-help-SMEs-hit-by-Covid-19-restructure-debt
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Long Road of Recovery from Covid-19
09/11/2020
Recovery of economy is presently not clearly in the horizon yet. Businesses especially dependent on domestic market have to brace for a long road to recovery ahead. Needing financial advisory on your company’s financial situation? Contact us +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Singapore economy will take longer to recover from Covid-19 crisis than… View Article
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Tax Revenue up over FY2019, but drop expected
06/11/2020
Need advisory on your tax matters? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Tax revenue up over FY2019, but analysts say income tax, GST collections expected to drop next year
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Q3 office rents in Singapore fall 4.5%
06/11/2020
Rentals of offices are sliding downward this year with more WFH arrangements being encouraged. You can also contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com for free 15-minute business backoffice advisory!! We will love to help. Q3 office rents in S’pore fall 4.5%, the steepest in 11 years
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Flexible Wage System Booklet
05/11/2020
How does a Flexible Wage System work? Please see below for FWS booklet. https://www.mom.gov.sg/~/media/mom/documents/statistics-publications/flexible-wages-for-smes-english.pdf Need HR solutions? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!
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Flexible Wage System recommended for Employer
04/11/2020
Flexible Wage System recommended for Employers to preserve jobs through the pandemic economic environment. Needing HR advisory? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! National Wages Council urges more firms to adopt flexible wage system
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China economy quickens in Q3
03/11/2020
Interested to start your business in China? Approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! China economy quickens in Q3, as world’s only major growth engine recovers from pandemic
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Impact of October JSS
02/11/2020
Impact of OCTOBER JSS: Experts welcome payouts but worry JSS alone won’t save some firms, jobs Needing HR advisory? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!
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Temporary wage cuts, enduring short-term pain
02/11/2020
LIKE and FOLLOW us at https://lnmsolutions.com/ to keep abreast of the latest news on business legislation and filing changes, grants, business environments etc. You can also contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com for free 15-minute business backoffice advisory!! We will love to help. Temporary wage cuts: Enduring short-term pain to protect… View Article
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Retrenching Staff? Be responsible & sensitive
30/10/2020
Needing HR advisory? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Firms in S’pore told to be responsible, sensitive if retrenching staff
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Oct 2020 JSS disbursed YESTERDAY!
30/10/2020
Oct 2020 JSS disbursed YESTERDAY! Please see link below for computational basis of Oct 2020 JSS. https://www.iras.gov.sg/irashome/Schemes/Businesses/Jobs-Support-Scheme–JSS-/ Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com if you need any help with your accounting and taxation of JSS Payouts.
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Employers Taken to Task for Abusing JSS
30/10/2020
Need help for proper CPF Contributions in accordance with CPF guidelines? Contact us for your one-stop solutions at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Employers Taken to Task for Abusing Jobs Support Scheme
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Checklist on conduct of general meetings
27/10/2020
Private exempt companies can continue to hold their general meetings on or before 30 June 2021 by electronic means. 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! Acra, MAS, SGX RegCo update checklist on conduct of general meetings
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