General

Winding Up VS Strike Off: Which One is the Best Way to Close down a Company?

There are two common methods for closure of a company. Winding Up vs. Strike Off. Find out the difference between strike off and winding up.Due to the economic...


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How to Reduce Audit Fees?

If you wonder how to reduce audit fees, you have landed on the right page. In this article, we are going to discuss the ways to lower the...


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Employer’s Contributions to EIS, EPF, and SOCSO in Malaysia

In addition to monthly salaries, Malaysian employers are also bound to contribute to the EPF, EIS, and SOCSO accounts of their employees. This contribution is paid into Employee...


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IRBM Updates FAQ on Special Deduction Allowed on Rental Reduction to SMEs and non-SMEs Tenants, 07 September 2021

Recently, the IRBM has released an updated FAQ related to the special deduction to property owners/landlords for rental reduction to small and medium enterprises (SMEs) and non-SMEs on...


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Making Property Investment through Company Ownership

Since the property prices are rising, a lot of investors have started to invest in real estate.  The major trend relates to residential properties. These properties are bought...


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Refurbishment and Renovation Cost of the Business Premises is a Valid Tax Deduction

The tax deduction of an amount up to RM300,000 on the renovation and refurbishment of any business premises was proposed earlier. Now the rules regarding this particular tax...


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Tax Reliefs and Changes to Expect From YA2020

Talking about the Year of Assessment 2020, the Malaysian government has introduced a considerable number of income tax changes and reliefs. These amendments are permanent additions, which were...


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Difference between Audit and Assurance Services

Both audit and assurance services play a key role during the evaluation of a company’s financial record. These procedures are followed to verify the accounting record available with...


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Premises Owners can Apply for Vacancy Allowance

According to Kuala Lumpur City Hall (DBKL), state builders which were not able to lease out their premises due to the Corona pandemic can apply for a vacancy...


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What to Expect from Budget 2021?

Concerning the COVID-19 pandemic, over RM300 billion stimulus packages have been announced by the Malaysian Government to date. This is what other governments around the world are also...


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