Accounting & Finance

What To Look Out For When Fundraising

Capital is the lifeblood of business. Without capital, you cannot fund your daily operations and grow your business. Finding investors does not have to be difficult. However, given the recent volatility and market correction, entrepreneurs need to recalibrate their expectations for the challenges ahead. While there remains a healthy ecosystem of angel investors, venture capitalists, …

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How to Choose the right Accounting Software

Introduction To Accounting Software Accounting software performs various accounting and bookkeeping tasks to help businesses record and process transactions. This type of software is often used by bookkeepers, accounting professionals, or business owners to streamline and achieve efficiency in their financial transactions. Accounting software may help you track your business cashflow and check your financial …

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Statutory documents of Sdn Bhd Malaysia

Navigating The Maze: Statutory Documents of a Sdn Bhd

Navigating your way through tedious bureaucracy is often challenging and can be confusing, especially if you are not familiar with how an organisation is structured. Yes, it’s true, your company secretary can help to relieve you from wading through the many complicated documents and can help to lodge and receive documents from SSM. But is …

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SST Malaysia

Introduction to Sales and Service Tax (SST)

About SST  Introduced in September 2018, SST replaced the former 6% Goods and Services Tax (GST) system. SST comprises two parts: Sales tax and Service tax. Sales tax is a single-stage tax levied on all taxable goods manufactured in and imported into Malaysia; whereas Service tax is a single-stage tax charged on any taxable services …

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Audit Exemption Malaysia

Audit 101: Is my Company Eligible for Audit Exemption?

The Companies Act 2016 requires private companies to appoint an auditor for each financial year of the company to audit its financial statements. The Company Commission of Malaysia (SSM) later in 2017 issued a Practice Directive containing criteria for private companies to not have to appoint an auditor in a financial year, i.e. audit exemption.  …

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Compliance for Sdn Bhd

Statutory Compliance Requirements of a Sdn Bhd

Upon initiating a business as an entrepreneur, there are many (possibly unlimited) skills to hone: many aspects of the business such as strategy, financial planning, sales and marketing and operations, networking, as well as employee management. As a private limited company owner (Sdn Bhd) in Malaysia, there are several mandatory statutory compliance as requested by …

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Government Grants Malaysia

Malaysian Government Grants and Loans

The Malaysian Government plays a key role in providing a conducive environment for the country’s economic sector and is especially supportive of small and medium enterprises (SMEs). Since 2005, the National Entrepreneur & SME Development Council has adopted official definitions and criteria for companies to be classified as a SME.  Category Small Medium Manufacturing Sales turnover …

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