accounting services

GSK & Associates

Foreign Exchange Gains and Losses - Accounting and Tax treatment

Tax and accounting treatment on foreign exchange gains and losses - based on MFRS 121, IAS 21, LHDN Guidelines and Public Rulings 12/2019.

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GSK & Associates

Restriction on Deductibility of Interest - Section 140C

Section 140C is a new section in Malaysian Income Tax Act, 1967 (ITA), introduced via Finance Act 2018, effective from 1 July 2019. 1....

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GSK & Associates

ACCOUNTING STANDARDS - CHRONOLOGY

A brief history of accounting standards developed by IASC, IASB, MASB, change of names, number and locally developed standard in Malaysia.

GSK & Associates

Directors' + Shareholders' Liability for Company's Tax

Who is liable to pay tax liabilities of a Company, if the Company fails to pay its corporate tax and Monthly Tax Deductions as an employer?

GSK & Associates

ACCOUNTING RECORDS KEEPING - A MANDATORY REQUIREMENT IN MALAYSIA

Accounting records keeping, a mandatory requirement in Malaysia. It is required by Income Tax Act, 1967 and Companies Act, 2016.

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GSK & Associates

TAX PLANNING for INDIVIDUALS

Ways to reduce Income Tax for Employees and Service Directors and at the same time Employers gets full deductions of expenses. Out of...

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GSK & Associates

LHDN - PENALTIES without NOTICE

There are penalties imposed by LHDN without notice or notification, one of it is under Section 107C(9), of the Income Tax Act, 1967....

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GSK & Associates

Accounting Services - Cloud Based

We use Xero Accounting Software, Cloud-Based, and we provide full range of accounting services, and we have simplified the accounting...