Business Outsourcing
Accounting and Management Reporting
These services include:
- Preparation of monthly management accounts with reporting based on an agreed timetable and chart of accounts.
- Preparation of monthly cashflow forecast for funding purposes.
- Periodic indirect tax preparation and filing.
- Maintaining fixed asset registers.
- Preparation of bank reconciliations.
- Preparing accounts schedules (including accruals, prepayments and other balance sheet controls and reconciliations).
- Preparation of consolidated accounts for a group of companies in the event that you do not have an in-house senior finance person.
- Preparation of audited financial statements in a format and of a standard acceptable to your auditors so as to minimize your time outlay.
- Preparation of monthly management accounts by using web-based software that allows accounts information to be accessible from anywhere in the world.
- Assist in the preparation of monthly management reporting templates provided by your entity.
- Preparation of quarterly announcement for Public listed Company for compliance of Bursa’s listing requirement.
Payroll
Our Payroll services include:
- arrange for a payroll set-up including registration of the company or notification of a new payroll agent (if applicable) with the statutory bodies in Malaysia
- process monthly payroll for your local/international employees
- prepare and submit the employer’s returns and other related statutory forms to the local authorities
- ensure all local withholding taxes and social security obligations are met
- pay net salaries to your local/international employees each month, ensuring each employee receives a local payslip each month
- prepare monthly payroll reports for entry into your general ledger.
- Preparation of employment letter/contract and other relevant letters in relation to human resource
- Other ad-hoc services (if required):
- Leave administration;
- Claim administration;
- Preparation of customized payroll general ledger;
- Preparation and submission of employee’s annual income tax return;
- Services in relation to EPF for expatriates;
- Re-run of payroll processing after final payroll documents are sent.
We help companies to ensure that their payroll activities adhere to the country’s tax obligations and comply with employment legislation. A company’s reputation as a stable employer can be further established by meeting tax obligations on time as well as upholding legislative laws. Aside from complying rules and regulations, a good and stable payroll function will allows the company to attract and retain good and appropriate talents.
Secretarial
All private and public companies require company secretarial services for maintenance of corporate secretarial records, advice on corporate secretarial matters and filing of statutory forms with the Companies Commission of Malaysia. We are able to assist with the following:
- New company setup
As part of our company setup services, we will do the following- Name search
- Name reservation
- Obtain Certificate of Incorporation
- Prepare first Board of Directors resolution
- Prepare resolution for opening of company’s bank account
- Prepare name plate for display at Registered Office
- Keep custody of common seal
- Maintaining the Minutes and Register Books
- Monitoring and ensuring compliance with relevant requirements particularly under the Companies Act
- Monthly secretarial retainer
The retainer services are as follows:- Providing regular secretarial support
- Prepare board or directors’ resolutions
- Updating of registers and minute books
- Issuance of share certificates to shareholders
- Preparation of minutes of meetings
- Filing of statutory forms with the Companies Commission of Malaysia
- Liaising with Companies Commission of Malaysia