Category Archives: Uncategorized

Tools Used By Inland Revenue Board (“IRB”) To Detect Under-Reported Income By Individual Taxpayer

Are you a high-net worth individuals? High net worth individuals are usually: The Ministry of Finance has announced the RM332.1billion Budget 2022, with federal revenue projected to achieve RM234 billion. So how can the authorities achieve their tax collection target? The answer is by increasing the tax audits and investigation. Apart from companies, high net […]

Tax saving for Business Owner & How to make money from Property

Date: 22nd March 2022 Time: 10am Venue: Zoom Overview:We will be highlighting on how to Help business owners on their tax saving & How to make money from property. Who Should Attend:Business Owners, Entrepreneurs, Property Owners and Property Agents Register Here Speaker 1: Guaz Wei Jun is a Chartered Accountant and the member of the Association […]

Are you aware on the tax implications when you made payment for Payment of Digital Advertising?

During this COVID-19 pandemic, more businesses are starting to use digital advertising (such as google ads, facebook ads, linkedin, etc.) to survive from this pandemic. Businesses should take note on the following direct/indirect tax implications when making payment to non-resident (“NR”) for using the digital advertising before being penalized by the relevant authorities: Most businesses […]

How to file your taxes when you get retrenched?

According to LHDN on their website, compensation for the loss of employment is a payment made by an employer to his employee before or after the date of termination, and a certain amount of this payment is exempted from tax. The same applies to severance packages such as Voluntary Separation Schemes (VSS). However, compensation received […]

9 Accounting Red Flags to Look Out for in Financial Statements

Let’s begin with looking at some obvious and easily recognizable red flags that should make you stop and rethink your decision of investing in the company. Remember, red flags are the potential threats that may lie buried deep within the financial statements of a company. While most investors are not chartered accountants or financial analysts, […]

Continue to support your business in MCO2.0

We will never stop supporting your business during MCO2.0, all our specialists and consultants are readied to assist and consult you during this movement control period. Don’t worry, we are in this together, and let’s do it better than the previous MCO, keep the business running and strive for the best outcome! For support and […]

Register your business with Suruhanjaya Syarikat Malaysia (SSM)

An online business needs to be registered just like a regular business. By registering your business, you can reap the advantageous structures in place which are put there to assist businesses, and this include a credible image, tax incentives and perpetual succession. The Companies Commission of Malaysia or known locally as Suruhanjaya Syarikat Malaysia (SSM) […]

How to calculate tax estimate for CP204?

This is the most commonly asked question by our clients in filling up the Form CP204. In order to calculate the possible tax payable for the coming year, the company must made several assumptions and projections based on the current year’s management results. It is important to predict what will happen based on what is […]