Many business owners in Malaysia are unsure which expenses are deductible for tax purposes. Mixing personal and business costs can lead to rejected claims or even penalties. Learn the difference between allowable and disallowable expenses so you can file your taxes confidently and avoid paying more than you should.
Category: Incorporation
New Beneficial Ownership Rules You Should Know
Amendments to the Companies Act 2016 have introduced stricter requirements for maintaining beneficial ownership information. All companies must now identify, record, and update their beneficial owners to promote transparency and prevent misuse of corporate structures. Learn what these changes mean and how to ensure your company stays compliant with the new law.
🛡️New Policy on Releasing Statutory Documents to Auditors
Protecting Your Company’s Confidential Data At Boss Boleh, we are committed to protecting our clients’ information while supporting their compliance needs. In light of recent fraud attempts involving individuals impersonating auditors to obtain sensitive documents, we have introduced a new policy to strengthen the way we release statutory documents to auditors. 🔐 What’s New? Effective… Continue reading 🛡️New Policy on Releasing Statutory Documents to Auditors
🚨 Sdn Bhd Companies No Longer Need Auditors? 🚨
Yes, that’s correct—but only if your company meets the new audit exemption thresholds introduced by SSM! Download the SSM guide HERE This game-changing policy could save thousands on audit fees for eligible SMEs. However, companies still need to: 1️⃣ Submit Unaudited Financial Statements (UAFS) to SSM annually (MBRS submission fee, estimated cost: RM 1,000) 2️⃣ Tax filing : submit Form C to LHDN using… Continue reading 🚨 Sdn Bhd Companies No Longer Need Auditors? 🚨
How to Establish and Set Up a Private Dental Clinic in Malaysia
Thinking of starting your own dental clinic in Malaysia? Our guide breaks down the key steps and essential information to help you set up smoothly and compliantly. Dive in to get a clear roadmap for your dental business journey!
8 Benefits of Forming a Sdn Bhd in Malaysia
8 Benefits You Don’t Want to Miss! Discover how forming an Sdn Bhd company in Malaysia can protect your assets, maximize tax savings, increase access to capital funding, streamline employee recruitment, and more. Don’t miss out on the opportunity to take your business to the next level and enjoy the many advantages of the Sdn Bhd corporate structure. Read on to learn more!
2 Ways to Register A Sdn. Bhd. Company in Malaysia
You’re probably here because you decided on starting a new business and wondering how to register a Sdn. Bhd. online in Malaysia. You can register online, hassle-free and fast. We will not be comparing the differences of a Company versus Sole Proprietorship, Conventional Partnership or Limited Liability Partnership (LLP). The long version: Do you know… Continue reading 2 Ways to Register A Sdn. Bhd. Company in Malaysia
Contribution on EPF, SOCSO & EIS in Malaysia as an Employer
Apart from monthly salaries, Malaysian employers must contribute to their employees’ EPF, SOCSO, and EIS accounts. During your time as an employee before beginning a business, you may have observed a deduction from your monthly gross compensation as shown on your payslip.
How To: Register a Sole Proprietorship or Partnership in Malaysia
A quick guide on how to register your business with SSM and why it may not be suitable for you.
Audit Fee Schedule & Table
Audit Fee Schedule & Table
Malaysian Institute of Accountants (MIA) has recommended Practice Guide on Audit Fee Charge (New Audit Fee) by Audit Firms for providing auditing services in Malaysia with effect from 1 March 2010.