Services

Freelance Accounting Services

Accounting and Bookkeeping

Freelance Bookkeeper or Accountant

The rise of gig economy and freelancing has changed the face of the current economy. The trend [for many employers] to outsource any function of the business that is not directly related to the generation of income is booming. In other words, outsourcing has created the long-term collaboration and relationship between a company’s business and an outside service provider, which in turn, reduces the cost and create a win-win situation for company and service provider. With accounting outsourcing, an employer will get flexibility in adjusting the level of service to meet the needs of his or her business while minimising the cost. Other than the above-mentioned services, we also do propose tax computation on a timely basis for our clients to ensure that their current tax estimate is in line with the income tax payable forecast.

Bookkeeping Services

As the name goes, bookkeeping is all about the process of recording, analyzing and interpreting the financial transactions of a business. To be precise, it involves the recording, storing and retrieving of financial transactions for a company. As such, the bookkeeper is responsible for setting up financial statements for the accountant to perform legal and tax management. An experienced bookkeeper is able to produce good financial records regarding how a business works and then providing accurate information that allows the business to know exactly how well it is doing.

GST accounting & advisory

Goods and Services Tax (GST)

Introduced in April 2015, GST (Goods & Services Tax) is the value added tax (VAT) in Malaysia. GST Malaysia of 6% has been implemented to replace the consumption tax comprising the sales tax and the service tax (SST). It is levied on the supply of goods and services at each stage of the supply chain from the supplier up to the retail stage of the distribution. Furthermore, GST is expected to increase tax compliance and it is definitely easier to administer in view of its self-policing method.

GST Health Check

By engaging professional services, you will be able to Identify the key risks areas, review and analyse the GST risk areas and discuss with your personnel on those areas that are potentially exposed to GST risk. An expert will also be able to conduct face to face meetings at your site and walk through the draft findings with your personnel. Following this, the expect can summarise their findings and recommendations, highlighting all the GST risk areas.

Business review & restructure

Financial Forecasts and Projections

Forecasting is a necessity to effectively manage and lead a business to profitability. From simple projection to complex financial modeling, our experienced personal can assist you in achieving your company’s financial goals.

Cash Flow and Budgeting Analysis

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
Budget is a simple plan with noble purpose as it shows what source of income we expect and how we expect to spend it. In other words, budgeting is a way of steering our money and staying in control. As such, we can say that a good budget is one of the essential elements in a business for getting the most out of a company’s money, keeping track and getting ahead. Our advisory service will help you to draft a budget for your business is that it will help you figure out how much money you have, how much you need to spend, and how much you need to bring in to meet business goals.

GST and TAX Audit

Tax Investigation

As the name implies, tax investigation is a method of enforcement conducted by the Inland Revenue Board Malaysia (IRBM) to ensure accuracy of tax filing. The aim of tax investigations is to investigate taxpayers who are suspected to be involved in fraud, wilful defraud or negligence in reporting their income. The Director General of Inland Revenue (DGIR), through Income Tax Act of 1967, has the power to put any taxpayer under “Investigation” and “Tax Audit”. Tax offences such as non-compliance and tax evasion will be charged under the Income Tax Act.

Tax planning

Corporate Tax Compliance & Planning Services

Tax is one of the inevitable parts of a business. As such, the cost of improper or inadequate handling of tax issues could be devastating and might restrict the development of a company. Often, the corporation tax compliance involves a large amount of management time, effort, and costs. We provide tailored tax compliance services to meet your business needs, be it an independent tax compliance review, or specific technical advice or a fully outsourced tax compliance service, which will, in turn, allow you to focus more on the core business.

Income Tax

An income tax is a tax imposed on financial income generated by individuals or all entities within their jurisdiction. Every businesses and individual in Malaysia must file their return every year to determine whether they owe any taxes or are eligible for any tax refund. In other words, you are liable to file your return annually if your income is earned or generated from Malaysia. Besides that, income tax is one of the key sources of funds that the government uses to financially support its activities as well as to serve the public.

Audit & income tax & secretarial

Corporate Secretarial

  • Incorporation of Sdn. Bhd. Company
  • Set up of Limited Liability Partnership
  • Company Secretary Services
  • Deregistration
  • Advice on Directorship and Shareholders’ Rights
  • Assist in convening company meetings

Taxation

  • Compilation of Income Tax
  • Personal
  • Limited Liability Partnership
  • Corporate
  • Associations, Clubs, Management Corporation or Similar Institutions
    Tax Advisory & Incentive Application
  • Withholding Tax

Audit & Assurance

Compliant with MPERS (in 2017)
Well-experienced in:

  • Consolidated Account
  • Developers
  • Constructions
  • Media & Entertainment
  • Trading & Services
  • Dormant / Investment Holding Company

Payroll

  • Monthly salary & wages computation
  • Monthly EPF, SOCSO & PCB computation
  • Generate payslips
  • Generate monthly payroll report
  • Generate annual EA forms & E form

Audit & income tax & secretarial

Setup of Accounting System

A properly maintained accounting system is a necessity for all companies. It is because a well-devised accounting system manages to ensure relevant and reliable information is recorded in financial statements and for better financial management. There are many advantages of using a sound accounting system to manage your business. One of the advantages is that it keeps your finger on the pulse where you could access to your business’s financial information at any time. Simply put, a good accounting system saves you both time and money as it supports the growth and establishment of your business. Please contact us for our freelance accounting services in Kuala Lumpur, Malaysia.

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