Assurance is important in establishing and strengthening trust and credibility of your business, beyond conventional statutory and compliance purposes.
Audit is mandatory for Companies incorporated under the Companies Act 2016 and Labuan Companies Act 1990 with certain exemptions. We are approved auditors registered with the Ministry of Finance pursuant to the Companies Act 2016 as well as the Labuan Financial Services Authority Act 1996.
Agreed-upon procedures are for the auditors to carry out procedures of an audit nature to report on the factual findings based on procedures and objectives agreed upfront. For example:
Verifying qualifying production expenses for application to the National Film Development Corporation Malaysia (“FINAS”) for the Film in Malaysia Incentive (“FIMI”).
We can perform special audits that include:
We can assist with your personal / corporate compliance matters that include:
We can assist with tax appeal matters including appeal to the Inland Revenue Board and the Special Commissioners of Income Tax.
We can assist to manage your tax audit and investigation matters, devising optimal defence strategies, discuss and negotiate with the Inland Revenue Board with the objective to finalise the tax audit favourably.
We can assist with the preparation of your transfer pricing documentation based on requirements of the Malaysian Transfer Pricing Rules as well as the Malaysian Transfer Pricing Guidelines.
We can provide solutions in mitigating tax risks in a practical and efficient manner without breaching relevant tax anti-avoidance provisions. This includes:
We can assist with the voluntary disclosure of your business’s tax liabilities with respect to corporate income tax, transfer pricing, sales and services tax.
We can review your renovation and construction expenses to allow your business to enjoy maximum deduction in claiming capital allowances.
We can assist with the following with respect to sales and services tax (“SST”):
We can assist to review as well as apply for relevant tax incentives for your business.
As the business landscape becomes more competitive and stringent with respect to regulations, it is important to establish a strong foundation of business to be sustainable.
We can advise on the type of entity and appropriate corporate structure based on your business requirements. The formation of business include incorporation with the Companies Commission of Malaysia.
We can provide you with a registered office and maintain your statutory records. We can manage your annual return, board meetings as well as assist with dividend declaration, change of ownership/ director/ constitution/ company name etc.
We can assist with your payroll requirements and provide the following services:
We can assist in preparing / updating benchmarking based on specific industry to substantiate the arm’s length nature of your business transactions undertaken with related parties.
We can also assist to benchmark your business performance against your direct competitor’s business performance.
We can assist to set up pricing policy and review your Company’s agreements and provide our comments from a compliance and tax perspective.
We can provide the following accounting services:
We can assist businesses that wish to suspend or cease business operations that include members’ voluntary winding up and striking off. We can assist in managing the liquidation process of the business including application of tax clearance for cessation of business.
We can assist to undertake due diligence on potential targets for merger and acquisition.
We can assist with the following:
We can assist in preparing/reviewing your budgets and forecasts for internal financial performance management / project tender submission. We can also assist in preparing project cashflow and forecasts for loan application purposes.
We can perform new customer screening (Know Your Customer, KYC) before you decide to accept the customer or monitor your existing customer’s financial health and credit standings.
Based on the customer’s company profile, financial health (up to 5 years), legal cases, loan applications, payment history with financial institutions, utilities, and telecommunication companies, you will be better informed to accept customers with good credit standings, to modify credit terms for customers with moderate credit standings or to reject customers with bad credit standings.
Ultimately, you can reduce the Company’s bad debts and increase recoverability from your customers.
We can assist in identifying new customers for your business by generating a list of companies based on their principal activities in a specific location of your interest. The information includes your new target company names, phone number, email address, business address, company revenue, profit before tax etc.
We believe in building a sustainable relationship, partnering with you in the fundamental building blocks of your business. Let us connect on the various solutions that we can provide.