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chong97
Nov 30, 20241 min read
Comparing AI Tools
There are so many AI tools available in the market now, free version as well as paid version. Most well known ChatGPT by OpenAI Gemini by...
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chong97
Nov 30, 20242 min read
Close down LLP (or PLT)
Is Limited Liability Partnership going through the same dissolution process as SDN. BHD.? No. The process for the dissolution of a...
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chong97
Nov 28, 20242 min read
Comparing AI tools for Business Professionals
Comparison of Afforai.com and Perplexity.ai for Business Professionals Both Afforai and Perplexity.ai offer valuable functionalities...
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chong97
Nov 28, 20243 min read
What is "Declaration of Solvency"?
The **Declaration of Solvency** is a crucial aspect of the winding-up process for companies under the Companies Act 2016 in Malaysia. It...
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cnpsgroup
Apr 17, 20241 min read
Forming an Alliance
单打独斗 vs 抱团取暖 Not easy to work as a small practitioner or freelancer. Too many client not enough resources; Too much resources but...
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cnpsgroup
Apr 8, 20241 min read
Use a 'Sdn Bhd' to collect rental
Received a call from stranger today at 2:20pm while waiting for my lunch to be served. A long chat, 34 miniutes, mostly listen as caller...
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cnpsgroup
Apr 8, 20242 min read
Notice to Board of Director - Companies (Amendment) Act 2024
Subject: Important Notice: Directors' Roles and Responsibilities under the Companies (Amendment) Act 2024 Dear Director, I hope this...
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cnpsgroup
Apr 7, 20241 min read
LLP and Resolution
Do we need to prepare written resolution if we are not a SDN BHD but just a LLP? A written resolution, signed and approved by the...
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cnpsgroup
Apr 6, 20241 min read
E-Invoicing (by LHDN)
Latest update 6 April 2024 E-Invoice Guideline ver 2.3 E-Invoice Specific Guideline ver 2.1 FAQ issued by LHDN in Feb 2024 FAQ for...
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cnpsgroup
Apr 5, 20241 min read
Beneficial Owner
What you need to know? Effective April 2024, new Section 60A to Section 60E of Companies Act 2016 ("the Act") requires the Company (i.e....
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cnpsgroup
Apr 4, 20241 min read
Tax Clearance Letter
In Bahasa is SPC, Surat Penyelesaian Cukai. For Partner to winding up LLP, must first obtain SPC from LHDN. MyTax is the centralised...
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cnpsgroup
Nov 25, 20231 min read
Your C.F.O.
Re-Branding ourselves as Your Compliance Friendly Officer. Of course, we professionally trained chartered accountant, had exposures in...
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cnpsgroup
Nov 20, 20231 min read
CGT - Capital Gain Tax
New tax from 2024 Background: Announced in Budget 2024 Timeline Effective 1st March 2024 Who is Chargeable Person (i.e. to pay CGT)?...
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cnpsgroup
Jul 27, 20232 min read
Tax Penalty For Tax Return
Tax Return (and Payment, if applicable) Example: For a Sdn Bhd with financial year ended January 31, 2023, the Tax return (Form C) will...
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cnpsgroup
Jun 19, 20232 min read
ChatGPT can be company secretary?
Below is reply received when we ask "In Malaysia, procedure to redeem preference shares", how accurate is it? To redeem preference shares...
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cnpsgroup
Jun 18, 20231 min read
Preference shares - Devil in the redemption
S72(4) - redemption of PS shall be out of :- (a) profits (b) a fresh issue of shares, or (c) capital of the co For (a) after redemption...
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cnpsgroup
Jun 15, 20231 min read
Constitution
Key notes on company constitution A contract legally binding between members and members, between members to company and company to...
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cnpsgroup
Jun 15, 20231 min read
Are you using XERO ? Beware of WHT
We love XERO (cloud-base accounting solution) as it provides a great flexibility to us, as compared to traditional desktop based...
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cnpsgroup
Mar 25, 20232 min read
RCPS -- Devil in the details
RCPS is short for Redeemable Convertible Preference Shares If you are an equity crowdfunding (ECF) investor, you would probably have...
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cnpsgroup
Mar 24, 20231 min read
Apa tu CP58 ?
CP stands for Cukai Pendapatan (Income Tax) CP58, by itself, is a Statement (not a tax return), it is a requirement under Section 83A,...
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