Dealing with employee’s payroll month in month out can be quite tedious. To aid you in it, we will list down some things you will need to take note of when you are dealing with your employee’s payroll. Remember to always pay their salary on time In this regard, the law clearly stipulates that every…
Read more
Must a person be convicted under AMLA before their property is seized under the Act? This issue was dealt with in the case of Public Prosecutor v Habib Jewels Sdn Bhd. We will briefly discuss this case with you. Brief facts of the case This application arose from an investigation into the involvement of the…
Read more
What is corporate liability? Corporate liability refers to the liability of the company in the event they commit wrongdoing. More specifically, it deals with a situation whereby a company (or in this case, commercial organization) conspires with other companies/ parties/ individuals to commit acts of fraud or dishonesty that involves bribery i.e. corruption. If you…
Read more
What is ‘cash transaction limit’? Cash transaction limit is a form of security measure (including the likes of AMLA) to combat money laundering and illicit activities. It forms an additional level of deterrent against cash abuse and it also complements existing measures such as the suspicious transaction report and the cash threshold report that aids…
Read more
It comes as no surprise (or maybe it does), but a company will have to file tax returns and pay taxes too- failing to do so will land the company in very, very hot soup! Now that the warning is out of the way, let us briefly look at some of the common tax offences…
Read more
What are some of the taxes that your company has to pay when you are running a company? Let us briefly find out. 1) Corporate tax This includes business profits, dividends, interests, rents, royalties, premiums, and other income derived from your company dealings in Malaysia. If your company is spanking new, take note of the…
Read more
Ever wonder how you can renew your business registration from the comfort of your home in the current Covid-19 climate? Below is a brief guide on how you can do so. Hopefully, it helps! 1) Register an online account Head on to EzBiz website (set up by Companies Commission of Malaysia “CCM”/ Syarikat Suruhanjaya Malaysia…
Read more
Wanting to get your business off on the right foot but you are absolutely clueless as to how it should be done? Below is some consideration you will need to factor in before starting your business. Hopefully, it helps! Do you have a business plan? By putting down all your thoughts, be it a realistic…
Read more
What is it all about? The financial year-end is an annual must-do exercise in which every company has to go through. In this regard: It determines the company’s financial statement; It is generally known as the financial year where the profit & loss account and balance sheet are made up and made known to the…
Read more
Broadly speaking, a company secretary (or ‘co sec’ as they are colloquially called) is someone who usually assists the company in observing corporate governance, corporate planning, and strategy development of the company. Once you get to know one, you will realize that a company secretary does more than just that. While you might think that…
Read more
Recent Comments