Top Benefits of Outsourcing HR Services
We are all guilty of overlooking certain aspects of our life when things are going smoothly – agree? 😅 Well, same goes to the HR side of your business, it’s often easier to ignore or simple pay little attention to it…until you hit a roadblock. The thing is human resources is more complicated, complex and […]
Malaysian Tourism Tax Collection Now the Duty of Online Booking Platforms
Did you know that the collection of the tourism tax now lies within the responsibility of the online booking platforms? 🔑🏨 As part of Malaysia’s 2021 Budget, an initiative to impose tourism tax on bookings made via online booking platforms such as Agoda, Trivago and Booking.com was introduced. Currently, the accommodation operator itself is in […]
Do You Need A Financial Health Checkup?
How well do you know your financial health? Are you making informed business decisions based on financial and operational data? Do you have the right financial strategies in place? These are questions that are critical but often overlooked, and it’s time to change that. Let’s talk about financial analysis report and why it’s super important […]
What You Need To Know About Transfer Pricing Documentation
Heads up! You might want to rethink your ‘sit and wait’ approach when it comes to Transfer Pricing Documentation as the recent updates and changes made indicate that the transfer pricing issues are under the spotlight of the Malaysian tax authority. Hence, we advise taxpayers to be more attentive when it comes to intercompany arrangements. […]
4 Key Tax Benefits For Businesses
We can all agree that in the past couple of months, we have heard or even seen businesses around us closing down or struggling to stay afloat due to the #Covid19 pandemic. 😢 Heartbreaking, we know… But let’s stay focused on effective tax planning and start looking into the benefits for businesses. Did you know […]
[VIDEO] Resignation & Removal of a Director From the Company
We are back with a new video from our series about company issues with Sukhdev Kaur 🙌 We will be discussing the key process and must-knows regarding the resignation and removal of a director from the company. Highlights on some of the topics covered: Difference between a designated director and a statutory director Resignation process […]
[Infographic] Everything You Can Claim As Income Tax Relief For The Year 2020
Does the word EA FORM ring a bell? 😅 We sure hope it does, because we are nearing that time of the year when you will be receiving your EA form and soon be looking for ways to maximize your tax reliefs. And as typical as it sounds – we know that despite it being […]
FAQ: Beneficial Ownership Reporting Framework of Legal Persons
Corruption…Money laundering…where do we even begin? Well, let’s start with the fact that it is becoming increasingly common to see the use of anonymous companies to hide links to sources of funds and enable corruption. That would obviously explain why in recent years, we have seen a spike in corruption issues and money laundering scandals […]
RM 2.6 Billion Dollar Question on How Gift Should Be Treated?
This is a question we get asked a lot – do I need to pay taxes when I receive a gift? Well, the simple answer is no. BUT in the event whereby the tax authorities ask for capital statements, it could become an issue because let’s be honest, most of us do not record or […]
Engage a Virtual Chief Financial Officer
As we adapt to the new norm and flexible work arrangements, have you ever considered engaging a virtual Chief Financial Officer (CFO)? What is a virtual CFO? A virtual CFO basically handles all the duties of a traditional CFO, but work remotely and would monitor the financial aspect of the business, usually with cloud technology […]