Uncategorized
Unemployment rate on the rise
31/07/2020
Unemployment rate will be on the rise in coming months as JSS support is meted out completely amidst persistent Covid19 storm. Retrenched workers: Govt will be generous with support but firms also need to ‘play ball’, says Tharman
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Insolvency, Restructuring and Dissolution Act
30/07/2020
The Insolvency, Restructuring and Dissolution Act, which will replace the repealed Bankruptcy Act, will commence 30 JUL 2020
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Cost & Consequences of Poor Disclosure
30/07/2020
Approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com for properly prepared financial reporting as in line with Singapore Financial Reporting Standards. Poor disclosure not only hurts shareholders, but can cost companies too
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Tripartite Guidelines on Re-employment
30/07/2020
Tripartite Guidelines on the Re-employment of Older Employees
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Huge GDP shrinkage in Qtr 2 for SG economy
29/07/2020
Huge GDP shrinkage in Qtr 2 for Singapore’s economy. Singapore enters recession with record 12.6% GDP fall in Q2
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Responsible re-employment
29/07/2020
Article for MOM guidelines on re-employment of Mature workers who turn 62 years old, up to the age of 67. Responsible re-employment
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ZenRock – “Questionable” Transactions
28/07/2020
Another financial investigation case which may threaten to send ripples through the local financial sector. ZenRock interim JMs flag doubtful trades, invoices, cash transactions
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Government Paid & Extended Child Care Leave
28/07/2020
Under Extended Childcare Leave, Singapore Citizen employees can enjoy 2 DAYS of government-paid childcare leave if their youngest child is between 7 and 12 years old. Government-Paid Child Care Leave (GPCL) & Extended Child Care Leave (ECL)
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Review of Credit for Businesses
27/07/2020
Credit for businesses may be gradually tightening by the financial institutions. MAS, banks to study how best to wean companies and individuals off Covid-19 relief measures: Ravi Menon
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Room for Improvement in Quality of FS
27/07/2020
We can help you prepare proper financial statements in compliance to accounting standards! More local companies not getting clean audit opinions, says ACRA
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Economic Recession Following Circuit Breaker
25/07/2020
Due to 2-month Circuit Breaker, Singapore Qtr 2 GDP shows serious economic recession. Singapore Slumps Into Recession With Record 41.2% GDP Plunge
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Jobs Support Scheme (July Payouts)
24/07/2020
JSS for Jul payout to be paid from 29 JUL 2020. This will be a great help to businesses’ cashflow for the payment of workers’ salaries. 140k employers to get $4 billion in Jobs Support Scheme payouts from July 29
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Providing False Due Diligence Reports
24/07/2020
Two ex-UOBKH staff were charged under the Securities and Futures Act. Two ex-UOBKH staff charged with lying to MAS over due diligence reports on a Catalist aspirant
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Covid-19 and Taxes
23/07/2020
Good article on tax implications and issues arising from Covid19 environment COVID-19 AND TAXES
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Advance Ruling Summary No. 3/2020
22/07/2020
IRAS Advance Ruling : Tax Treatment on Expenditure incurred to Acquire New Business Advance Ruling Summary No. 3/2020 – Published on 30 Jun 2020
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Tax Planning by MNCs
21/07/2020
Tax planning by MNCs New OECD data sheds light on multinationals profit-shifting to cut taxes
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New Sovereign Digital Currency
20/07/2020
China Business Environment: New sovereign digital currency to be launched in China China to test sovereign digital currency on ride hailing giant Didi
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Hin Leong investigation case
03/07/2020
Development in Hin Leong investigation case: Firm allegedly engaged in selling and buying back non-existent cargo: PwC
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Flexible work arrangements
02/07/2020
Flexible Work Arrangements are good for Singapore’s female workforce, and it levels the playing field for Singaporean female talents to arise. Forum: Flexible work arrangements can help narrow gender pay gap
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Grant for Charities
01/07/2020
Charities – look out for grants for digitising of operations! Grant for charities to adopt tech to expand in scope
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