Your Professional Partner
 
 
Corporate Secretarial Accounting Services
Auditing Tax Consultancy
Liquidation/Winding Up Business Process Outsourcing
Accounting, Inventory and Payroll Software Goods and Services Tax (GST)


A Company Secretary is not merely a Filing Clerk. A Company Secretary is someone who is trustable and can provide the appropriate advice in accordance to the Companies Act, 1965. A Company Secretary plays the role as a Compliance Officer and must always be able to provide your company the appropriate guidance and solutions.

  • Incorporation of Limited Companies
  • Registration of businesses, ie sole-proprietorship and partnership
  • Consultations on matters relating to the Companies Act, 1965
  • Company search


To most of us, preparation of financial statements are merely for tax submission purpose. But, not many are aware that an accurate set of accounts is greatly important to the management of the Company when it comes to decision making, budgeting, and not the less for tax audit purposes.

  • Financial Accounting
  • Management Accounting


Our established auditing division provides a wide range of auditing services and caters for a variety of organisations such as public listed companies, public and private limited companies, charitable organisations, multi-national corporations, statutory bodies and others.

  • Financial and Procedural Audit
  • System Audit
  • Due Diligence Audit
  • Share Valuation for Companies


Under the self assessment system, an understanding of many technical ramifications is absolutely essential before maximum tax benefits and relieves can be obtained.

  • Tax Planning and Advisory
  • Personal and Company Tax Services
  • Tax Audit
  • Back Duty Investigation


Liquidation refers to the process of winding up a limited company at which its assets are realised by a liquidator and its debts are settled out of the proceeds of realisation. The winding up of a company may be either :-

  • By the Court or
  • Voluntary


To achieve the competitiveness in today's business environment, a cost-effective management style is of greatly important to every Company. As your professional partner, we have extended our services to assist your Company to achieve the efficiency of your Company management and operation by providing the various type of outsourcing services :-

  • Human Resource/Payroll Management
  • Administration
  • Accounting Services


We do understand that to convert your company's manual system to a computerised system needs to be carefully carried out to ensure the smooth running of your company's daily operations. We are there to assist you towards a smooth implementation and application of the computerised systems.

  • Accounting Software (with single user/network version)
  • Inventory Software (with single user/network version)
  • Payroll Software (with single user/network version)


As your professional partner, we always update ourselves with the latest amendments to the legislations which are related to the business environment. With the implementation of the Goods and Services Tax (GST), there will be an impact to our business environment. The GST system that our Government is planning to introduce will be "comprehensive, efficient, transparent and effective" (2005 Budget Speech, p5).

The implementation date of the GST is yet to be announced. We are always here to keep ourselves updated in order to assist you and your Company to be ready while giving you the latest development of the system.

GST or VAT system has been implemented in the following Asia Pacific Region countries. The standard tax rates and the year of implementation are as follow:-

Countries Standard/nominal
tax rates (2004)
Year of implementation
China 17% 1980
Indonesia 10% 1985
New Zealand 12.5% 1985
Thailand 7% 1992
Singapore 5% 1994
Philipines 10% 1996
Vietnam 10% 1999
Australia 10% 2000



Why you need a limited company - 'Sdn Bhd'?
-
Shareholders' liability limited
-
Enjoy more tax benefits
-
For expansion purpose
-
Business becomes more manageable
-
Ownership can be transferred either wholly or partly

 

A resident individual (sole proprietor and partner in partnership business) with chargeable income of more than RM250,000 should consider incorporating a company (ie. Sdn. Bhd.) to carry out its business as there is an immediate tax saving.

 

Types of companies in Malaysia:-

  • Companies limited by shares
  • Companies limited by guarantee
  • Companies limited by both shares & guarantee
  • Unlimited companies

 

Accounting records must be updated within 60 days. All the accounting records should be maintained for 7 years. Companies Act 1965, Sec 167.

 

Every employee is entitled to a minimum of ten out of the gazetted public holidays in any one calendar year. Four out of ten chosen gazetted public holidays which are compulsory are:-

  • National Day
  • The King's Birthday
  • Birthday of Sultan or Head of State or Federal Territory Day
  • Worker's Day

 

In accordance with the Employment Act. 1955, an employee is entitled to the following amount of paid annual leave:-
Year of completed service with the same employer Annual leave entitlement
1 year and over but less than 2 years 8 days
2 years or more but less than 5 years 12 days
5 years and over 16 days

 

The EPF Act 1991 makes it compulsory for all employees and employers to contribute towards the provident fund. All employers and employees have to contribute approximately 12% and 11% of the employees' monthly wages respectively to the fund.

 

Tax Audit Procedures:-

  • Letter of request from the Inland Revenue Board.
  • To fix an agreed date
  • Provision of facilities and assistance by tax payer.

 

Following are the 3 types of business entities that you can choose from in order to carry on your business operation :-

  • sole trader
  • partnership
  • limited company (Sdn Bhd)

 

Sole traders and partnerships are required to register with the Companies Commission of Malaysia (CCM) under the Registration of Business Act, 1965 before they commence their businesses.

 

The date to commence business is very important as it plays a significant role in tax computation and tax planning. Pre-commencement revenue expenses are not tax deductible. Upon commencement of business, all revenue expenses which are directly incidental to the business shall be given tax deduction.

   
 
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