Capital Allowances in Malaysia and Their Impact on Taxation Taxation is one of the most gruelling tasks in business. Aside from the tax laws continually updating, it also has many inclusions and exclusions you have to remember. As such, it is always good to research and update your knowledge about business taxation. This article talks…
Understanding Employment Income in Malaysia for Easier Taxation Taxation is a very complex work. It is even more complicated if we do it without understanding what we are working on. If you are an employed individual with high enough compensation, you will probably pay taxes from your salary. If you yet barely understand the taxation…
7 Key Accounting Skills Every Accountant Should Possess Accountants analyze and prepare financial reports for the company and stakeholders. They play an important role in assessing company position and performance. And this role entails precision, analytical skills, and strong ethics. This article outlines key accounting skills every accountant should possess. This is to help you…
Effective and Efficient Management of the Accounts Payable Process Management of the accounts payable process is one of the most important activities in business. You should pay what you owe to others, but ensure that this is done effectively and efficiently. Accounting and finance practices give out the concepts of what should be the most…
Understanding the Different Types of Assets and Liabilities Assets and liabilities play an essential role in ensuring the profitability and long-term sustainability of a business. The key to achieving these goals depends on how the company effectively manages its assets and liabilities. Therefore, it is crucial to understand each of their classifications to manage company…
Beginner’s Guide on How to Read and Understand the Balance Sheet The company’s balance sheet shows how the business is fairing at a particular time. The balance sheet, also known as the financial position statement, reveals company assets, liabilities, and owner’s equity. This report, along with the income statement, and statement of cash flows, makes…
Knowing Beneficial Ownership of Malaysian Companies and Following Legal Procedures What exactly is beneficial ownership in Malaysia, and why is it important to declare? The Companies Commission of Malaysia (CCM) has created a draft and subsequently published a guideline in the March of 2020. It became legally mandatory for every company and Limited Liability Partnerships…
Basics of How to Transfer Shares in a Malaysian Company and Do It Your Way “Nothing is permanent,” not even shares ownership. They switch hands, and they change. There can be many reasons as to why you might want to transfer your shares, ranging from giving them to your family to selling them to another…