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LNM wishing one and all a very Blessed & Happy 2023!

31/12/2022

Ministry of Law will be revoking the Meetings Orders

28/12/2022

Temporary option for companies to hold official meetings online will stop from July 2023 With effect July 2023, the Ministry of Law (MinLaw) will be revoking the Meetings Orders, which enable various types of entities to convene, hold or conduct meetings through electronic means. These include general meetings of companies, meetings for unit holders of… View Article

NEW WAGE GUIDELINES BY NATIONAL WAGE COUNCIL

23/11/2022

The NWC recommends a “fair and sustainable” rise in wages for the period from 1 Dec 2022 to 30 Nov 2023: Lower-wage workers who are earning a gross monthly wage of up to $2,200, are to get higher wage increments of 5.5 per cent to 7.5 per cent, or of at least $80 to $100…. View Article

Home loan rates set to rise amid banks’ bid to attract deposits

11/11/2022

Home loan rates set to rise amid banks’ bid to attract deposits Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Loans

Ringgit estimated to drop against Singdollar

10/11/2022

Ringgit estimated to drop to RM3.35 to RM3.45 range against Singdollar Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Currency

Singapore Savings Bonds for investment

09/11/2022

For Investment consideration: Interest rate for December’s Singapore Savings Bonds hits record high Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #SSB #SavingsBonds

Sakae CFO wrongly bought back shares at price above permissible level

08/11/2022

Sakae CFO wrongly bought back shares at price above permissible level

Landmark case on NFT treatment

02/11/2022

NFTs can be considered property, Singapore High Court rules Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions

CPF RATES INCREASE WITH EFFECT FROM 1 JAN’23

28/10/2022

CPF RATES INCREASE WITH EFFECT FROM 1 JAN 2023: The CPF contribution rates for employees aged above 55 to 70 will be increased to strengthen their retirement adequacy. The changes will apply to wages earned from 1 January 2023. More of the rate increase details can be found on CPF Board’s website. Contact us for… View Article

New rules to ferry workers in lorries

27/10/2022

New rules to improve the well-being of workers who are ferried in lorries will kick in on Jan 1, 2023, including the following measures: Rain cover is a must-have for the vehicles. The rain cover requirement will be implemented in three phases: (a) for all newly registered lorries from Jan 1, 2023; (b) all in-use… View Article

Woman fined for evading GST on luxury bags

13/10/2022

Woman fined S$5,500 for evading GST on several luxury bags Contact us for professional and GST advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #GST

Laws to be amended to boost governance

12/10/2022

S’pore to amend laws on business trusts to boost governance Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Laws #Governance

Sharing of certain tax information without consent

11/10/2022

Taxman will be allowed to share certain tax information on firms without getting consent Contact us for professional and tax advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Tax

CHALLENGES OF REMOTE WORKING – OVERCOMED!!

22/09/2022

Post-Covid, Remote or Hybrid working is here to stay. So are the challenges that ensue. For Businesses, Holding meetings with half the team on site and half the team on screens can be challenging Remote working can be detrimental to inclusion and a teaming company culture. For the Employees, They may start to feel socially… View Article

Gold Investment Ponzi Scheme

20/09/2022

Jail for 2 ex-directors who pocketed over $1.2m in their firm’s gold investment Ponzi scheme Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Ponzi

Corporate Service Providers (CSP) Bill

26/08/2022

A new Corporate Service Providers (CSP) Bill is going to be implemented soon. With the introduction of the new CSP Bill, the Government will require nominee directors and shareholders to disclose their nominee status and the identity of their nominators to ACRA and for ACRA to maintain such information. Upon disclosure to ACRA, the nominee… View Article

Start Digital Initiative

10/08/2022

As announced by IMDA and EnterpriseSG, the Start Digital initiative, which provides foundational digital solutions for small and medium-sized enterprises (SMEs) that are new or have yet to go digital, is being extended for 3 years through 2025, with simplified solution categories. Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!… View Article

FREE webinar on GST rate change

29/07/2022

We have some good news for you! We are holding a FREE webinar on GST rate change, details as below: Date: 12 Aug 2022 (Fri) Time: 10.30am – 11.30am Venue: Webinar via Zoom Description: – The essentials to prepare for GST rate change – Practical tips and considerations arising from a GST rate increase –… View Article

MAS to broaden scope of crypto rules

28/07/2022

The Monetary Authority of Singapore (MAS) is targeting to consult on its proposed measures around September or October this year to broaden the scope of cryptocurrency regulations to cover more activities and possibly tighten retail investors’ access to the digital tokens. Singapore will likely see an increase in the number of entities that require licensing…. View Article

Senior Worker Early Adopter Grant

21/07/2022

The Retirement and Re-Employment Age in Singapore has been raised to 63 and 68 respectively on 1 July 2022. These will be raised to 65 and 70 respectively by year 2030. Companies can look into applying for Senior Worker Early Adopter Grant. This grant aims to incentivise and encourage companies to raise their own internal… View Article