Tax audits or tax investigations are becoming increasingly common with the Self Assessment Standard (SAS) system. Tax audits are usually carried within a pre-defined time-frame and scope so that the taxpayer is able to adequately prepare the required information and…
So you’ve just set up a company and might be asking yourself: what’s next? You might have heard others tell you that you need a Shareholders Agreement and Company Constitution.They are the key foundational documents you’ll need when setting up…
The objective of this Public Ruling (PR) is to explain the tax treatment of entertainment expense as a deduction against gross income of a business and steps to determine the amount of entertainment expense allowable as a deduction. The process…
Kuala Lumpur mayor Datuk Nor Hisham Ahmad Dahlan has just announced that 20 types of businesses have been singled out by Kuala Lumpur City Hall (DBKL) as being off limits to foreigners in the nation’s capital. The rule extends to…
In line with the government’s announcement to extend the Recovery Movement Control Order (RMCO) until 31 December this year, the Employees Provident Fund (EPF) has also announced to extend the due dates for employers to remit their mandatory contributions from…
YAB Prime Minister Tan Sri Muhyiddin Yassin has announced on National Economic Recovery Plan (PENJANA) that employers may receive hiring incentive from PERKESO starting 1 July 2020 – 31 Dec 2020. The Hiring Incentive Programme (PenjanaKerjaya) is an economic recovery…
The government wants to stimulate the property sector again and it is with this in mind that Home Ownership Campaign (HOC) will be reintroduced while there will also be stamp duty and Real Property Gains Tax (RPGT) exemptions. As a…
Many are interested in moving their practice to the cloud or cloud accounting, but just don’t know how to take their first steps. To run an efficient practice, you probably want to transition clients on to your preferred cloud accounting…
Starting a business? You might find accounting to be the scariest piece of the puzzle. We have compiled the top 5 tips we think might be useful when you are running a small business!
The government has announced a targeted extension for the moratorium on bank loans for those who either lost their jobs or had pay cuts this year as a result of the Covid-19 pandemic. Find out how individuals and businesses can…