You Have A Small Business
In this challenging and competitive environment, what contributes to your profits and losses as a small business owner, requires your undivided attention to your competitors. This also includes the trend and industry changes, market opportunities, regulations, advancements in technologies, your people and not to mention your financial well-being.
Having all the above matters that require your attention, you need trusted advisors and consultants to look after your financial affairs. Furthermore, you will need the accessibility of a finance team and a quick response to your needs and queries. As a matter of fact, many of our clients commented that they appreciate our personal service, accessibility of team members and quick response.
We hope that you will see us as a valued extension to your business and a trusted sounding board for your ideas and decisions.
After all, we aspire to build long-lasting relationships with our clients and help them grow. Furthermore, this is backed by the fact that we are working with clients for more than 30 years.
Services for Small Business
Here are the services we provide for small business owner: soles-proprietors, enterprises and partnerships. Whether it is a one-off assignment or ongoing work, we will build a tailored package of the services that you require. By all means, please contact us for more information on the services.
The Essentials
01.
Accounting or Book-Keeping
It is essential for all businesses to properly draw up your accounts. In the same way, your books reflect the real operating performance of your business and allow you to identify areas for improvements. Besides that, this is one of the major areas scrutinized by the IRB – to keep good accounting records and documentations.
02.
Tax Submission
Keeping up with the fast changing of tax regulations may be frustrating for small business owner. Therefore, we will be able to assist in preparing detailed tax computations as well as submitting Form B (for sole-proprietors and enterprises) and Form P (for partnerships) to the IRB.
Whereas for sole-proprietors, enterprises and partnerships with employees (including part-timers, trainees, or contract workers) you are required to submit Form E (a declaration made to the IRB on number of employees and details).
The Value Adding
01.
Tax Planning
Keeping up with the ever-changing tax legislation and new reliefs can be difficult and time consuming. Thus, we can help you look ahead to create a strategy that helps fully utilize the available tax reliefs. Additionally, we can also help in utilizing incentives and other allowable tax deductions to minimize the amount of tax you pay.
02.
Tax Health Check
Are you unsure whether you are complying with requirements of the Income Tax Act 1967? Do you have doubts with your tax returns that you submitted during the past years? Let us clear your doubts with our tax health checks services. Most importantly, these checks allow detailed reviews of your past tax submissions, accounts, supporting documents and information. In short, through this exercise, we can highlight the issues and recommend the best practices to mitigate any non-compliance risks.
03.
Tax Advice
Transactions and businesses are becoming more complex. Hence, if you are seeking for tax advice for a particular situation you are facing, our services will be of use. With this in mind, our tax advisors can discuss your options and identify appropriate solutions.
04.
Tax Audits & Investigations
Are you targeted for desk audits, tax audits or tax investigations? If you are, we can advise on the best course of action. In addition to that, we can represent you for negotiations and appeals to the IRB.
05.
Preparing Capital Statements
The importance of capital statements in Malaysia is majorly overlooked. To the point that individuals, company directors or shareholders are requested to present their capital statements to the IRB. Notably, Notably, the capital statements are comprising of two forms – CP103 (for assets and liabilities) and CP102 (cash flow income and expenditure). As a matter of fact, IRB uses the capital statement as a tool to detect tax evasion. Henceforth, we provide this service for individuals who wish to look into their actual net worth. This also acts as a measure to ensure that their taxes are not under-reported. Not just that, this would be a good practice as it will ensure that individuals are fully prepared. In short, they will be able to provide the necessary information and documents for inspection in the event of an audit or investigation.
Let's Connect, It All Begins Here.
Drop us a message via the contact form, or simply text or call our office number.