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Jobs Growth Incentive (JGI)
16/10/2020
Jobs Growth Incentive (JGI): Conditions for firms to be eligible for the JGI: There must be an increase in overall local workforce size, AND There must be increase in local workforce size earning ≥$1,400/month, compared to the August 2020 local workforce. How much is the support? The support is 25% (or 50% for mature local… View Article
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Enhanced Training Support for SMEs
15/10/2020
ETSS extended for another six months, until 30 June 2021, to provide enhanced course fee subsidies for firms in the hardest-hit sectors. Feel free to contact us if you are needing HR consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Enhanced Training Support for SMEs
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OK Lim slapped with second charge
15/10/2020
We help companies with solutions to prepare proper accounts in accordance to Singapore Financial Reporting Standards and keep proper records for accounting and tax purposes. Contact us for help at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! OK Lim slapped with second charge of abetting Hin Leong worker in forgery
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Enterprise Financing Scheme (EFS)
14/10/2020
Support available under the Enterprise Financing Scheme will be adjusted to help Singapore enterprises access financing in areas such as trade and project needs. Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Enterprise Financing Scheme (EFS)
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Fighting “Missing Trader” GST Fraud
14/10/2020
Need our assistance to file proper GST returns? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Recently, IRAS is taking a strong stance towards those who commit Missing trader GST fraud (MTF): A syndicate involved in MTF will generally defraud the tax authorities in one or both of the following ways: By fraudulently… View Article
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Temporary Bridging Loan Programme
13/10/2020
The Temporary Bridging Loan Programme will be extended for six months, until September 2021, at reduced levels. MAS will also extend the MAS Singapore Dollar Facility for Enterprise Singapore Loans, until September 2021. Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Temporary Bridging Loan… View Article
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Overview of Withholding Tax
13/10/2020
Withholding Tax Calculator by IRAS for companies Need help with proper lodgment and advisory on withholding tax? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Overview of Withholding Tax
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Ministerial Statement of Support Measures
12/10/2020
Aug & October 2020 Ministerial Statement of Support Measures: Image courtesy of Ministry of Finance (MOF). Feel free to contact us if you are needing consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/fy2020_aug_oct_budget_measures_infographic.pdf
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Possible Extension of Debt Relief Scheme
12/10/2020
Possible lengthening of the debt relief programme by MAS and financial institutions are being considered. Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! MAS, banks said to be in talks to extend debt relief scheme
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SME business sentiment sinks to all-time low
12/10/2020
Covid-19 pandemic has induced uncertainty over prospects for global growth and economic activity, thereby bringing about a dampening of SME prospects. Local businesses need to actively look for suitable digitization solutions and think out of the box for new business opportunities. Feel free to contact us if you are needing consultancy at +65 66363691, +65… View Article
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Lifting of restrictions for business meetings
09/10/2020
A welcomed lifting of restrictions for business meetings at this stage of Phase 2. Physical AGMs of not more than 50 pax can now take place in the office, with safe distancing measures applied. Need the latest Corporate Secretarial Practices advisory? Contact us as your one-stop Solutions Provider at +65 66363691, +65 9326 2271 or… View Article
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DPM Heng’s Ministerial Statement
07/10/2020
Some measures announced by DPM Heng on Monday: Enhanced Training Support Package extended until June 2021, to provide course fee subsidies for firms in the hardest-hit sectors. Persons with disabilities will receive the higher tier of 50 per cent wage support under the Jobs Growth Incentive, which encourages firms to hire locals. For firms seeking… View Article
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Singapore core inflation stays negative
05/10/2020
Inflation remains negative in the wake of cautious and dampened demand in the pandemic environment. For financial analysis and affordable accounting and tax services, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Singapore core inflation stays negative but eases slightly in August
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FinCEN leaks: suspicious transactions in SG
02/10/2020
Source of funds and unusual funds quantum are reviewed by banks for suspicious transactions. For proper internal process consultancy, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! FinCEN leaks: DBS, CIMB and Deutsche among banks in S’pore that handled about $6 billion in suspicious transactions
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Jobs Growth Incentive Computation Basis
02/10/2020
JOBS GROWTH INCENTIVE COMPUTATION BASIS: Feel free to contact us if you are needing consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Jobs Growth Incentive (JGI)
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Former director of NTU subsidiaries on trial
01/10/2020
Business Owners: do you need internal controls consultancy? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Former director of NTU subsidiaries on trial for cheating the university in case involving S$231,000
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Rental Relief Framework
30/09/2020
RENTAL REBATE GUIDANCE FOR PROPERTY OWNERS Do you need help computing the drop in gross income in the applicable period? You can contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Rental Relief Framework
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Retrenchments in Singapore double in Q2
29/09/2020
Needing HR, Manpower and Payroll Consultancy? You can approach us for solutions at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Retrenchments in Singapore more than double to 8,130 in Q2: MOM
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Rental Relief Cash Grant
28/09/2020
RENTAL RELIEF CASH GRANT Qualifying property owners will receive support via a Government cash grant and they must in turn provide the necessary rental relief to their eligible SME and NPO tenant-occupiers of the prescribed properties under the Rental Relief Framework. Do you need help certifying your qualification for rental relief? You can contact us… View Article
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Construction sector demand plunges
28/09/2020
The ailing construction sector has been greatly hit by lagging demands, postponement of projects in the midst of pandemic labor shortage with the quarantine measures. For proper internal process consultancy, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Construction sector takes $10b hit as demand plunges
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