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Propose Mandatory Climate Reporting
18/07/2023
Singapore among the first in Asia to propose mandatory climate reporting for non-listed companies Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #EcoBusiness
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Family Office
10/07/2023
Singapore adjusts tax incentives for family offices, which must also do more to boost local hires Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #FamilyOffice #tax
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Economic outlook for 2023
07/06/2023
Singapore economy is expected to expand by 0.5 per cent to 2.5 per cent in 2023 Economic outlook this year Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Economic #GDP
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Sustainability Grants For SMEs
21/04/2023
ENERGY EFFICIENCY GRANT (EEG) This Grant aims to help businesses within the Food Services, Food Manufacturing or Retail sectors to cope with rising energy costs, through co-funding investments in more energy efficient equipment. EEG offers up to 70% funding support capped at $30,000, for companies looking to adopt pre-approved energy-efficient equipment and reduce overall running… View Article
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Sustainability Grants For SMEs
20/04/2023
ENERGY EFFICIENCY FUND (E2F) This is an umbrella scheme consisting of 5 different grants that can support businesses with industrial facilities to improve energy efficiency. It can help generate cost savings depending on the project undertaken. The 5 grants can be used for applications such as: 50% support to carry out detailed energy audits 50%… View Article
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Setting Up Family Office In Singapore?
19/04/2023
Setting Up Family Office In Singapore? Contact us for free consultation today at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Why is Singapore a magnet for Chinese billionaires? #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #FamilyOffice
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70% SUBSIDY ON ESG COURSES
18/04/2023
Under ENTERPRISE SUSTAINABILITY PROGRAMME, Companies registered in Singapore and local qualifying non-profit organisations can get 70% subsidy on Course fees when sending up to 3 participants on each category of ESP-Sustainability Courses, as offered on Enterprise Singapore’s website. Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions… View Article
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Manufacturing activity contracted in March
07/04/2023
S’pore factory activity shrinks in March; forecast of contraction remains Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Manufacturing
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Higher Foreign Medical Insurance Coverage Required
06/04/2023
With effect from 1 July 2023, employers of work permit and S Pass holders will need to provide their workers higher medical insurance coverage with an annual claim limit of at least $60,000, up from the current $15,000. Under the new rules, employers also have to co-pay 25 per cent of claim amounts that go… View Article
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Personal Tax E-Filing Deadline (18 Apr 2023)
05/04/2023
Gig workers, sole proprietors, self-employed persons, if you need HELP with your tax filing, call us NOW! The dateline for your e-tax filing is 18 APR 2023. Wait no longer. Seek help now. ST Explains: If I’m a gig worker, do I need to report my income to Iras? Contact us for professional advice at… View Article
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Lasting Power of Attorney (LPA) Process
05/04/2023
Lasting Power of Attorney (LPA) Process Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #LPA
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LASTING POWER OF ATTORNEY – Fee Waiver Extended!!
04/04/2023
The waiver of fees for lasting power of attorney (LPA) Form 1 applications – which is $75 for Singapore citizens – has been further extended to the end of March 2026. LPA Form 1 is for those who wish to grant donees – people who can make decisions and act on their behalf – general… View Article
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Changes in Global Investor Programme (GIP)
28/03/2023
An increase in the minimum investment requirement and tweaks to other criteria in the Global Investor Programme (GIP) will help Singapore bring in “high-quality” investors, while ensuring that investments are directed to support local businesses and create jobs. From Mar 15, applicants will have to invest more – at least S$10 million in a new… View Article
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Occupational Progressive Wages (OPW)
23/03/2023
Occupational Progressive Wages (OPW) for administrators and drivers With effect from 1 March 2023, employers must meet the OPW requirements in order to renew existing work passes or apply for new work passes. The OPW requirements cover all Singapore citizens and permanent residents who are: Full-time or part-time employees in administrative or driving roles on… View Article
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S’pore banking system remains sound
22/03/2023
Closure of US banks is going to send ripples to financial system and the economy. S’pore banking system remains sound in wake of collapse of Silicon Valley Bank, Signature Bank in US: MAS Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #US #Economy
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Government Grants reducing to 50% from 1 Apr 2023
09/03/2023
Kindly note that with effect from 1 April 2023, the following government grants will have government support reduced from 70% to 50%: Productivity Solutions Grant (PSG) e.g. purchase of ABSS, subscriptions to Xero/ Quickbooks Market Readiness Assistance Grant (MRA) Enterprise Development Grant (EDG) Applications that are submitted before 31 March 2023 will still be entitled… View Article
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New online calculator to check Budget 2023 benefits
07/03/2023
New online calculator for Singaporeans to check Budget 2023 benefits Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – CPF MONTHLY SALARY CEILING CHANGES
24/02/2023
BUDGET 2023 – CPF MONTHLY SALARY CEILING CHANGES With effect from 1 September 2023, the CPF monthly salary ceiling will go up by S$300 to S$6,300. It will increase to S$6,800 with effect from 1 January 2024 It will increase to S$7,400 from 1 January 2025 and rise to S$8,000 with effect from 1 January… View Article
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BUDGET 2023 – CHANGES TO WMCR
23/02/2023
BUDGET 2023 – CHANGES TO WORKING MOTHER CHILD RELIEF (WMCR) With effect 1 Jan 2024, there will be changes in WMCR to be on a fixed relief amount instead of the present % of mother’s earned income. There will be no change for WMCR claims on qualifying Singaporean children born or adopted before 1 Jan… View Article
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BUDGET 2023 – ENHANCE EMPLOYMENT SUPPORT
23/02/2023
BUDGET 2023 – ENHANCE EMPLOYMENT SUPPORT Enhance Progressive Wage Credit Scheme for lower-wage workers $2.4 billion top-up to the fund to maintain government’s co-sharing portion of eligible wage increases for low wage workers Enhance Enabling Employment Credit for persons with disabilities Support employers to hire persons with disabilities (PwDs) Enhanced wage offsets Longer duration for… View Article
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