Guide To Limited Liability Partnership [LLP] in Malaysia
Do you know that partnerships actually come in several different types, but all somehow share some common characteristics? 🤨 Today we will be focusing on limited liability partnership [LLP]. Some of you may know it as the sweet spot between a traditional private limited company [Sdn Bhd] and a partnership. LLP basically combines some of […]
PEMULIH 2021 Stimulus Package Highlights
🗓️ 1ST JUNE 2021 The start of Phase 1 FMCO (Full MCO, also known as ‘total lockdown‘) nationwide. Since then, many businesses have permanently shut down, people have lost their job and many Malaysians are struggling to survive and make ends meet 😣🏳️ 🗓️ 28TH JUNE 2021 Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (Pemulih) was […]
Essential Statutory Documents That You Should Take Note Of
It’s challenging, confusing and dreadful 😖 yes, we are talking about navigating through tedious bureaucracy and forms from SSM 🗃️ Let’s test your understanding with two simple questions. ❓Do you know what are the statutory documents required to operate a company? ❓Did you know that if your company has been incorporated after the year 2016, […]
Financial Advisory Workshop for CGC Malaysia
Our Founder and Managing Partner, Shivajini Seelan conducted a Financial Advisory Workshop for over 85 participants. Thank you CGC Malaysia for the opportunity. We discussed the importance and how to manage and keep proper financial records 🧾 🌟 Our objective: To help reduce the stress of financial record keeping and make the task easier Key […]
Tax Preparation Tips For Entrepreneurs From A Virtual CFO
Are you an entrepreneur? If yes, this video will be very insightful for you 👍🏻 Learn everything you need to know about tax planning as an entrepreneur and how to navigate some of the complexities of tax season. Ready to get your taxes more organized and streamlined? Watch the video below! 👇🏻 If you want […]
What’s Up With Malaysian Taxes?
❗Watch the latest episode of What’s Up With That! Our Founder and Partner, Shivajini Seelan had a sharing session with JD to discuss everything you need to know about taxes. 🧾 From the how-to and smart ways to boost your tax refund to the consequences of not submitting, we got you covered. 👇🏻 Watch the […]
Here’s What You Need to Know About Special Allowances for Small Value Assets
The Inland Revenue Board of Malaysia (IRBM) has issued a new public ruling providing guidance on the 100% special allowance afforded to businesses for capital expenditure incurred on their purchase of small value assets. 💰Effective from 2020, the qualifying expenditure for small-value assets be increased from RM1,300 to RM2,000. 💰For non-SMEs, the maximum limit of […]
Tax Treatment for Entertainment Expenses | What Is Tax Deductible?
Remember the nice team lunch to celebrate the company’s milestone? 🎉 Oh, and the fancy dinner with your biggest client? 🍽️ Not to forget, the festive hampers for business partners and loyal clients 🎁 You must be wondering if all those business entertainment expenses qualify for tax deduction 🤔 Well, it actually depends on the […]
Are You a Tax Resident in Malaysia? Do You Need to Pay Tax?
Tax residency in Malaysia is a common dinner table discussions among those living or working in the country. 💭 Questions like “Am I a tax resident in Malaysia?” and “Do I need to pay the taxes here?” are often asked. 💰 In case you are wondering, here’s why it’s important to know. The status of […]
How to Be a Permanent Resident in Malaysia
For many foreigners who have already carved out a home or career here in rapidly developing and sunny Malaysia, getting a Permanent Residency (PR) is usually the next step. That being said, with multiple short-term and long-term residency options available, it’s understandable that there would be confusion as to what qualifies as a permanent residency […]