Fwd: PENALTY ON LATE SUBMISSION OF COMPANY ACCOUNTS, COMPANY TAXATION AND PERSONAL TAXATION IN MALAYSIA (TENDER FOR ACCOUNTING, AUDIT AND TAX SERVICES FROM YOUR FIRM)
IEC ADMINISTRATOR
Date: 23 August 2010 15:55
Subject: RE: PENALTY ON LATE SUBMISSION OF COMPANY ACCOUNTS, COMPANY TAXATION AND PERSONAL TAXATION IN MALAYSIA (TENDER FOR ACCOUNTING, AUDIT AND TAX SERVICES FROM YOUR FIRM)
To: iecpro...@gmail.com
PENALTY ON LATE SUBMISSION OF COMPANY ACCOUNTS, COMPANY TAXATION AND PERSONAL TAXATION IN MALAYSIA (TENDER FOR ACCOUNTING, AUDIT AND TAX SERVICES FROM YOUR FIRM) INTRODUCTION
A very good day to you, We sent a proposal to your firm tender for in house accounting jobs, yearly accounting jobs, backlog yearly accounting jobs, finance consultancy jobs, statutory auditing and tax services jobs from your firm.
Are you facing problems of accounting staff not doing proper jobs and cost your trouble to clear the accounts?
Are you facing problems of accounting staff resign and have to hire new staff for the trouble of training them again?
Are you looking for professional accounting service but do not want to pay expensive cost of hiring a full time accounting staff?
Are you facing any backlog yearly accounting records not update for tax and ROC filing purpose?
If yes, than your company needs an In House Accounting Services, Yearly Accounting Services, Backlog Yearly Accounting Services or Finance Consultancy Services.
Hiring or maintain an accounting staff will cost your firm at between from RM 3,000.00 to RM 4,000.00 or above per month in market price today (plus EPF, Socso Bonus and other benefit will be more than that) and you do not know if the person you hire are actually qualified for the position. Our Strenght & Packages With our In House Accounting, Yearly Accounting Services, Backlog Yearly Accounting Services and Finance Consultancy Service, Statutory Auditing and Tax Services, you not only save your cost but also secure with your company accounting standard to be professional level. We are group of licence certified accountants, licence auditors, professional corporate secretarial, licence tax agency, located at Dataran 3 Two, Petaling Jaya, have over 15 years of financial background experiences, handle in all types of companies and technically experienced to train staff in person or on the phone. 1.) Our professional services for In House Accounting:- - Take back your source of documents and using our own accounting software to manage your accounting records; - Provide financial reports in quarterly basis; - Given tax and management advise to your firm; - Liaise with your existing auditor and tax agency or our partner internally; - Charge at a reasonable rate of fees from RM 300.00 per month and above (depends to accounting transactions, complication of accounting transactions).
2.) Our professional services for Yearly Accounting / Backlog Yearly Accounting:- - Taken back your source of documents and using our own accounting software to manage your yearly or backlog yearly accounting records; - Provide yearly financial reports; - Given tax and management advise to your firm; - Liaise with your existing auditor and tax agency or our partner internally; - Charge at a reasonable rate of fees from RM 3,600.00 per year and above (depends to accounting transactions, complication of accounting transactions). 3.) Our professional services For Online Finance Consultancy Services:- - Act as an external accountant position with a budget cost spend by your firm, working together with your accounting team by answering your questions in emails, telephone calls. Guide, train and manage your accounting personnel to solve your company accounting problems:- Packages a.) 1/2 year of finance consultancy fee (retainer fee of RM 350.00 per month) – Upon to your full settlement for our half year professional fees, we provide maximum of 5 questions in emails to solve your accounting problems per month and maximum of 5 questions by answering your calls to solve your accounting problems per month. Update accounting, tax and corporate information to your firm if any. Guide your accounting personnel to liaise your existing auditor and tax agency. If there’s any necessity travel to your office, we will charge at a rate of RM 250.00 per visit; b.) 1 year of finance consultancy fee (retainer fee of RM 300.00 per month) – Upon to your full settlement for our yearly professional fee, we provide maximum of 5 questions in emails to solve your accounting problems per month and maximum of 5 questions by answering your calls to solve your accounting problems per month. Guide your accounting personnel to liaise your existing auditor and tax agency. Update accounting, tax and corporate information to your firm if any. If there’s any necessity travel to your office, we will charge at a rate of RM 250.00 per visit; 4.) Our associate partner- Soong & Co (professional services for Statutory Auditing and Tax Services):- - Provide statutory auditing and tax services to your firm with a reasonable rate of audit and tax fees; - Provide computation on your companies taxation and given tax advise according to the provision of Income Tax Act 1967; - Submission of your corporate tax documentation such as CP 204, Form R and Form C according to the provision of Income Tax 1967; The above professional fees are subject to 5% government tax. Rules & Regulation Acts The Companies Act, 1965: - 1,) Section 143 (1) and Section 169 (1) of the Companies Act, 1965 (“CA”), the company is required to hold an Annual General Meeting (“AGM”) on / before the deadline of submission and according table its Audited Accounts for the financial year ended at the said AGM; and 2.) Pursuant to Section 165 of the Companies Act, 1965, the Company shall then within 1 (one) month from the date of AGM, submit to Companies Commission of Malaysia (“CCM”) an Annual Return and Audited Accounts together with a prescribed fee.
Note: Companies Commission of Malaysia (“CCM”) had since April 2008 required all companies to submit their Annual Return together with its Audited Accounts. Any lodgement of Annual Return without presentation of Audited Accounts will rejected by Companies Commission of Malaysia. Accordingly, late penalty will imposed by Companies Commission of Malaysia (“CCM”) for both Annual Return and Audited Accounts. Further to the abovementioned, please reminded that the default in complying with the above provision of Companies Act, 1965, the company and every officers of the Company who is in default will be guilty of an offence against the Companies Act, 1965 as follows:- a.) Companies Act, 1965 Section 143 – Penalty RM 5,000.00 and default penalty; b.) Companies Act, 1965 Section 169 – Penalty RM 30,000.00 or imprisonment for 5 years; c.) Companies Act, 1965 Section 165 – RM 2,000.00 and default penalty.
The Income Tax Act, 1967: - 1.) Section 112. Failure to furnish return or give notice of chargeability. [Am. Act 513: s.17, Am. Act A1069: s.13]
2.) Section 114. Wilful Evasion Any person who wilfully and with intend to evade tax:- a.) omits from a return made under this Act any income which should be included; b.) makes a false statement or entry in a return made under this Act; c.) gives a false answer (orally or in writing) to a question asked or request for information made in pursuance of this Act; d.) prepares or maintain or authorizes the preparation or maintenance of false books of accounts or other false records; e.) falsifies or authorizes the falsification of books of accounts or other records; or f.) makes use or authorizes the use of any fraud, art or contrivance, shall be guilty of an offence and shall, on conviction, be liable to a fine of not less than RM 1,000.00 and not more than RM 20,000.00 or to imprisonment for a term not exceeding 3 years or to both, and shall pay a special penalty of 3 times for the amount of tax has been undercharged in consequence of the offence or which would have been undercharged if the offence had not been detected. [Am. Act 513: s.19] Contact Us If you want to find out more for reduce your cost of operation in accounting services, online finance consultancy or appoint us for statutory auditing and tax services, please don't hesitate to contact me at 012-6067639 / 017-6681549 / 013-3222609 or email to me at lck.managemen...@gmail.com or lckman...@gmail.com to fix an appointment for further discussion. We hope to hear from you soon
Thank you very much.
Warm Regards, HQ office address: Suite B-02-05 & B-03-05, Dataran 3 Two (3 Two Square), No. 2, Jalan 19/1, 46300 Petaling Jaya, Selangor Darul Ehsan.
Branch office address: Suite B-01-06, Dataran 3 Two (3 Two Square), No. 2, Jalan 19/1, 46300 Petaling Jaya, Selangor Darul Ehsan. Tel: 012-6067639 / 017-6681549 / 013-3222609 Computer Fax: 03-9235 1187
Michael Looi H/P: 012-6067639 / 017-6681549 / 013-3222609 |
