How to Prepare Accounts for Small Businesses in Malaysia
Preparing accounts for small businesses in Malaysia can be a daunting task for small business owners. Some business owners prefer to focus on their business activities rather than managing their books of accounts. This can be risky because if a company fails to comply with legal and tax regulations, it may stand to face heavy fines for back taxes and [...]
Tax Compliance in Malaysia
When operating your business in Malaysia or anywhere in the world for that matter, tax compliance is one of the things you always need to be wary of. The reason being you can never know when your business will be audited for tax purposes, and when interruption to operations happens as a part of a tax investigation, the time [...]
How to File Annual Return in Malaysia
An annual return refers to the summary of the profile of the company consisting of its general information to be filed every year to the Suruhanjaya Syarikat Malaysia (SSM). The contents of the company profile include the business office address, branch office address, registered office address, principal business activities, and charges that are registered with the SSM such as [...]
Late Payment & Filing Penalty in Malaysia
A business could face late payment and late filing penalty for non-compliance and this could have adverse and long-term effects on its overall operations. Active companies and businesses in Malaysia are required to file their annual return and income tax return by the given deadline. In accordance to the Companies Act 1965, companies and businesses that fail to file [...]
Tax Planning in Malaysia
The best tax filing practices start with the right tax planning in Malaysia. Although you can find numerous resources such as an article about tax planning in search engines such as Google, professional assistance is indispensable. At Accounting Services Hub , their team provides expert help for companies that want to navigate their way through business expenditures and enjoy tax exemption and [...]
Income Tax Filing Malaysia
It is important to know the proper income tax filing methods in Malaysia if you don’t want to get tangled with penalties, charges, and worse, legal sanctions. If you are not sure how to file your individual or business tax, you need a competent and trusted accounting services firm to help you. It is not enough if you get [...]