Top 10+ Accounting Firms in Malaysia

For companies interested in getting the best accounting services, it is useful to know the top accounting firms in Malaysia and start from there. Based on available latest 2021 figures, the top accounting firms in Malaysia are: PricewaterhouseCoopers (PwC Malaysia) Deloitte KPMG Ernst & Young BDO Crowe Horwarth International RSM Baker Tilly Grant Thornton DFK [...]

Record Keeping Requirements In Malaysia

All businesses in Malaysia are required to comply with the record keeping requirements in accordance with Malaysian laws and regulations. According to Section 82 of the Income Tax Act 1967, every person that carries on a business in Malaysia has the duty to keep proper documentations as well as give receipts. Whether you are [...]

How to Register a Company in Malaysia

Registering a private limited company (sdn bhd) in Malaysia requires you to undergo proper incorporation procedures in order to have a hassle-free process. It would be best to engage the services of a company secretary to initialize and complete the entire process so that your business is registered in accordance with the regulatory requirements. [...]

Duties of Company Secretary in Malaysia

The company secretary has financial and legal duties as well as business and operational roles within an organization in Malaysia. The financial and legal duties associated with the company secretary include to: Ensure that the company adheres to the Memorandum of Association (MOA), Articles of Association and any other legally binding documentation. Keep track [...]

Cheap Accounting Services In Malaysia

Cheap accounting services in Malaysia does not necessarily mean poor quality accounting services. Here are some pointers that can help you decide which accounting firm to choose with the philosophy of getting the best value for money services, which are both affordable and reliable. Solid Knowledge of The Accounting Cycle While this [...]

How to Prepare Accounts for Small Businesses in Malaysia

Preparing accounts for small businesses in Malaysia can be a daunting task for small business owners. Some business owners prefer to focus on their business activities rather than managing their books of accounts. This can be risky because if a company fails to comply with legal and tax regulations, it may stand to face heavy [...]

How to File Annual Return in Malaysia

An annual return refers to the summary of the profile of the company consisting of its general information to be filed every  year to the Suruhanjaya Syarikat Malaysia (SSM). The contents of the company profile include the business office address, branch office address, registered office address, principal business activities, and charges that are registered [...]

Late Payment & Filing Penalty in Malaysia

A business could face late payment and late filing penalty for non-compliance and this could have adverse and long-term effects on its overall operations. Active companies and businesses in Malaysia are required to file their annual return and income tax return by the given deadline.  In accordance to the Companies Act 1965, companies and [...]

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