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I provide customized tax preparation and tax processing services by using the best industry tax software. Tax preparation service methodology provides our clients with a great new way of handling their tax compliance workload, accurate tax planning & computations bundled with tax savings and meeting filing deadlines.

Tax outsourcing services have expanded drastically. As operating costs for tax services increase, companies are opting to outsource tax preparation services to help minimize costs and maximize efficiency and profits.

End to End Solutions include:

--> Individual Returns
--> Partnership Returns
--> Corporation Returns
--> Estimated Taxes

I provide Outsourced services in Accounting and Book keeping areas to companies and organizations based in Klang Valley area.

The services are ideally suited for Growing and Mid sized organizations:-

--> Book Keeping
--> General Ledger Accounting
--> Reconciliations
--> Reporting
--> Financial Statement Preparations

Outsourcing means the transfer of a business process to a vendor that specializes in that service or activity. You already may be outsourcing your payroll, legal and tax work.

The details of accounting outsourcing arrangements may differ. However, usually they entail the transfer of some or all of the following functions from the client company to the outsourcer: financial reporting, financial statement preparing, accounts payable processing, sales report processing, payroll processing and returns, bank reconciling and cash balance reporting.

The outsourcer also owns and maintains the accounting software and information systems used in the above processes. While the outsourcer performs those functions and activities, the client company remains in complete control of the cash accounts and makes all financial decisions, such as payments and transfers.

Cost reduction is a major reason why companies consider outsourcing. The savings come from the need for fewer corporate employees -- especially expensive accounting and IT specialists -- less office space and no accounting software, servers, phones and more.

On the other end, outsourcers can leverage economies of scale to realize savings. Restaurant accounting, which is a "back office" function to an operator, is a "front office" function to the outsourcer. To be successful, the outsourcer must become extremely efficient and proficient at receiving, handling and processing accounting transactions and meeting client expectations.

Outsourcing clients often gain access to better technology than they could afford to develop or purchase on their own. For example, small independent operators today are using outsourcers to gain immediate access to their sales, purchases, payroll, P&Ls and other key operating information over the Internet. Their daily transactions are integrated directly into the outsourcer's accounting system without having to be manually keyed.

On 24 November 2009, Malaysia Prime Minister, had announced that a bill relating to the proposed introduction of GST – Goods and Services Tax will be tabled at the end of the current Parliament Sitting. For your info, Goods and Services Tax will be implemented starting 3rd quarter of year 2011. Therefore, all Malaysian have to prepare yourself to pay 4% extra for everything you buy or service.

What is GST?
GST, a multi-stage consumption tax, is based on consumption rather than earnings and can be charged on virtually all supplies of goods and services. The proposed implementation of GST will replace the current Malaysian service tax and sales tax.

Broadly, GST works by offsetting GST paid on purchases (input tax) against GST due on sales or supplies made (output tax). This is referred to as the credit offset mechanism. The multi tier stages of tax helps to ensure that GST paid by businesses for purchases does not end up being a permanent cost. However, the consumer ultimately bears the burden of the tax.

How GST affects businesses?
Where GST is implemented, the taxpayer must be registered with the Royal Malaysian Customs once the taxpayer achieves a certain prescribed annual sales turnover. The registered taxpayer would also be required to submit periodic GST returns.If the output tax is greater than the input tax, the taxpayer will have to pay the excess. Conversely, if the input tax is greater than the output tax, the taxpayer could seek a refund from the Royal Malaysian Customs.

In addition to the compliance requirements above, taxpayers would be required to undertake additional administrative work which includes, amongst others, keeping track and recording all input taxes paid, undertaking reconciliations and filing of GST returns.

How does GST work?
Conceptually, GST is imposed on the value added to goods or services by each separate processor in the production and distribution chain.