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Personal Tax Treatment for Benefits-in-kind
10/09/2020
Is Long Service Award given to employee taxable as a benefit-in-kind? No, if it is non-cash in nature and if its value does not exceed $200. See more details below as well as check out the other benefits-in-kind given to employees which are exempted from personal tax. Need clarifications on Personal Taxation and IR8A submissions?… View Article
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Failing to announce financial transactions
09/09/2020
Case of failing to announce financial transactions: Having issues with accounting and backoffice compliance? Come approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Man behind firm that invented thumb drive fined $80,000 for failing to announce transactions
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Signing of Bilateral Agreements
09/09/2020
Bilateral agreements signed for better trade opportunities. Thinking of setting up a business in China? Approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Bilateral agreements have not jeopardised employment opportunities for Singaporeans: Heng Swee Keat
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The Startup SG Founder Programme
08/09/2020
Startup SG Founder enhanced such that the pre-seed grant support for each start-up over a 12-month period increased by $20,000 to $50,000, with the co-matching fund required by the start-up maintained at $10,000. Are you exploring to incorporate in Singapore? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Bigger $50,000 grant for first-time… View Article
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Future Shape of Money
08/09/2020
Interesting insight into the future shape of money. Looking for financial advisory in the midst of uncertain economic situation? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! The next shape of money: From banknotes to blockchain-based digital currency
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NEW!! Jobs Growth Incentive
07/09/2020
NEW!! Jobs Growth Incentive: Businesses that hire local workers over the next six months will receive a subsidy of up to 25 per cent of their salaries for one year, subject to a cap. This applies to growth firms that meet the qualifying criteria: The company must maintain its local workforce size of more than… View Article
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Pay Cut & Recession Due to Covid-19
07/09/2020
Many in their 30s-40s suffered great income loss and pay cuts in this recession. We can help you with your HR related issues! Feel free to approach us if you need solutions for your HR situation. We can be contacted at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Workers aged 35 to 44 and lower-income… View Article
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Jobs Support Scheme extension
07/09/2020
Jobs Support Scheme extension helps to defray partial business costs of employing locals. Having HR issues? We can help you! Feel free to approach us if you need solutions for your HR situation. We can be contacted at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Analysts, firms welcome extension of Jobs Support Scheme to cushion… View Article
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Non-oil exports grow at slower 6% pace
04/09/2020
Flattening of non-oil exports as US-China trade tensions worsen. Looking for financial advisory in the midst of uncertain economic situation? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Non-oil exports grow at slower 6% pace
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Jobs Growth Incentive
04/09/2020
Jobs Growth Incentive to be announced later in August by MOM: Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! New $1b Jobs Growth Incentive to boost hiring of locals in expanding sectors: Heng Swee Keat
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Singapore Retraining Scheme
04/09/2020
Retraining scheme by government to increase employability of workers impacted by Covid19 pandemic crisis. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! New scheme in the works to train retail, aerospace workers
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Qualifications for Covid19 Rental Relief
03/09/2020
Qualifications for Covid19 Rental Relief. All landlords and tenants of non-residential properties are to note. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! COVID-19 (Temporary Measures) (Rental and Related Measures) Regulations 2020 (“Regulations”)
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Development in Hin Leong’s investigation case
03/09/2020
Development in Hin Leong’s investigation case: Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Hin Leong founder O.K. Lim charged with abetment of forgery for cheating, out on $3 million bail
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SingapoRediscovers Vouchers
02/09/2020
SingapoRediscovers Vouchers to be issued to Singaporeans to boost tourism sector in September. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Singaporeans to get $320 million in tourism vouchers to boost sector
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SGUnited Skills Programme
02/09/2020
Get trained and receive $1200 monthly allowance throughout training duration under SGUnited Skills Programme! This applies to Singapore Citizen and Permanent Resident job seekers aged 21 and above. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! SGUnited Skills Programme
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KS Energy faces possible winding-up
02/09/2020
Another case which may send ripples through SG financial markets. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Indonesian tycoon Kris Wiluan’s KS Energy faces possible winding-up over unpaid loans
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Rules eased to help construction sector
01/09/2020
Good news for construction companies involved in lift maintenance and renovation works: Rules eased to help construction sector find its feet; 40,000 workers set to benefit
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Better Protection for Local PMEs
01/09/2020
Presently, government has tasked NTUC to look into labour issues and improve employability of local PMEs. Having HR issues? We can help you! Feel free to approach us if you need solutions for your HR situation. We can be contacted at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! NTUC to set up task force to… View Article
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Firms urged to save Singaporean core
31/08/2020
Businesses urged to only lay off workers as a last resort, and if retrenching, to do so at fair terms to workers in accordance to Employment Act and labour directives from MOM. Firms urged to save Singaporean core if forced to retrench
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Increase in Minimum Salary for EP and SP
31/08/2020
Business owners to note: From Sept 1, firms applying for new Employment Passes (EPs) for foreign professionals will need to pay them at least $4,500, up from $3,900 now. The qualifying salaries for older and more experienced candidates in their 40s will also be raised so that these remain around double the minimum salary for… View Article
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