Do you need a Company Constitution and a Shareholders Agreement?
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 a company – so you’re on the right track! It is common for shareholders to […]
Tax Treatment for Entertainment Expenses
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 of determining the deductibility of entertainment expenses can be very tedious and often bewildering. Therefore, […]
Types of Industries in Malaysia Foreigners Not Permitted
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 hawkers and traders operating in markets, food courts, night markets and roadside stalls. Here’s a […]
EPF Employer Contribution Extension
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 the 15th to the 30th of each month from September to December respectively.
Hiring Incentive Programme (PenjanaKerjaya)
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 plan designed to promote employer’s job creation while improving job prospects. For more information, please […]
Incentives for Property Sector – Home Ownership Campaign (HOC) and Real Property Gains Tax (RGPT)
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 consumer, make sure that you refer to reliable licensed financial planner to figure out whether […]
Moving your Business to the Cloud
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 software. It will allow you to run a seamless operation and take full advantage of […]
5 Useful Accounting Tips for Small Businesses
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!
Loan Moratorium Extension for Targeted Groups
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 benefit from this extension.
Protecting Your Startup with a Shareholder Agreement
Starting up a new business is exciting and stressful. You and your co-founders may not want to think about anything negative happening or slow down to plan daily operations, founder exits, or share valuation. You must, for the protection of your startup. Here are some common disputes companies often struggle from and learn how a […]