The Significance of Implementing Audit System in Every Company Auditing is means evaluating the effectiveness of a company's internal controls. Maintaining an effective system of internal controls is very important when it comes to achieving a company's business objectives, obtaining reliable financial reporting on its operations, preventing fraud and misappropriation of its assets, and minimizing [...]
You should thing that your audit firm is your long term business partner. They are somebody that might work with you year after year and they are essential body of setting the stage for your organisation’s success. Therefore, the act of selecting the appropriate assessor shouldn’t be taken lightly. Here are several key concerns your [...]
What is a Tax Consultant? There’s a difference between a tax consultant, an accountant, and a financial adviser whereby a tax consultants is handling your finances. Even though, an accountant and a financial adviser can become a certified tax consultant, but taxation is not always their focus part. On the other hand, tax consultants are [...]
Before You Start a Business in Malaysia In the very first step of the journey to start up a business in Malaysia, is to find out “why do you want to start a business?” Even its sounds common and ordinary, this is a very important question before you could start your business and build up [...]
As an entrepreneur, one of the most crucial things you can do to keep your wealth is to invest in a great tax advisor. A tax advisor is a financial expert who has high training and knowledges in both tax accounting and tax law. You would need the services from tax advisor in order to [...]
1. Cost Effective The minimum salary for a professional full-time accountant is RM4,000 (Most of the time you can’t get them in this minimum cost), not to mention that you need to take care of his EPF, SOCSO, annual leave, medical leave and other statutory benefits. By outsourcing your bookkeeping operations to us, you only [...]
What Is Human Resources Development Fund (HRDF)? The Human Resources Development Fund (HRDF) was governed by the Pembangunan Sumber Malaysia Berhad Act 2001. It was established to develop quality human capital and world class workforce in Malaysia to achieve a high-income economy based on knowledge and innovation. The Human Resources Development Fund (HRDF) is a [...]
What Is Monthly Tax Deductions (MTD)? Monthly Tax Deductions (MTD), also known as Potongan Cukai Bulanan (PCB) in Malay, is a mechanism in which employers deduct monthly tax payments from the employment income of their employees. This mechanism is designed to avoid the issues that come with requiring payment of a large sum of income [...]
What Is Employment Insurance Scheme (EIS)? The Employment Insurance System (EIS), which will come into effect in 1 January 2018, will not only provide a safety net for retrenched workers but also valuable support services. It contains two components of benefits namely financial assistance and employment services programmes. Employment Insurance System (EIS) covers all local [...]
What Is Social Security Organization (SOCSO)? Social Security Organization (SOCSO) was formed under the Employees' Social Security Act 1969 as a government department of the Ministry of Labour and Manpower on 1 January 1971. It is entrusted with the administration of two social security schemes, namely the Employment Injury Scheme and the Invalidity Scheme. The [...]
