Your Friendly Advisor for all things tax preparation service.
Ms. Sarah's Corner
Life threatening and Serious Diseases
Ms Sarah shares about life threatening diseases that can be claimed under Income Tax act 1967.
GST is coming back?
Is the news of GST coming back giving you so much headache? You don't know what to do? Ms Sarah is here to help you with all your tax preparation service concerns.
Spend so much with your lifestyle like gym membership, gadgets so on and so forth? Did you know you can claim back tax relief from all of your spending?
More on Serious Disease (Part 2)
Ms Sarah explains what are the common serious diseases covered under Income Tax Act.
Saving on your Medical Bills
Hi Ms Sarah is here to provide you information how to save money from your Medical Expenses.
What do we do
We provide variety of services from taxes, coaching, accounting services and we are also a learning platform that provide useful learnings that you can use for your business
Unemployed Spouses Relief
If your spouse is currently unemployed you can get a tax relief but it must be claimed by your spouse who is currently employed so it will be valid
Unmarried Disabled Child Relief
You can get tax relief for a child that is having a disability and unmarried but make sure he's currently studying as this relief has different criteria you can qualify
Unemployed Disabled Spouse Relief
If your spouse is currently unemployed and is legally disabled you can get a tax relief but it must be claimed by your spouse who is currently employed so it will be valid
Breastfeeding and Child Care Relief
For our working moms out there did you know you can claim tax relief up to RM 1000 for your baby's equipment? You can also claim for tax relief for your kids attending kindergarten and child care center? You don't know? Now you know
GST coming back?
Ever wondered if GST comes back and a lot of us is clueless how it works? Don't worry we are here to provide you all necessary knowledge about GST.
Kindergarten and Child Care Relief
But did you know you can get a tax relief for your kids attending kindergarten or child care centre? It is under Education Act of 1996 (Kindergarten) and Child Care Centre Act of 1984.
Medical and Education Insurance Policy
SSPN-1 Plus Tax Relief
The SSPN-I Plus allows you to combine your Takaful insurance to receive a relief up to RM11k. But remember you can only claim the net amount of your deposit with SSPN-I.
Domestic Travel Tax Relief for M40
Do you like to travel around Malaysia? Did you know that you are entitled for tax relief if you did domestic travel across Malaysia? You can claim up to RM1,000 for your travel expenses. Want to know more stay tuned for my next reel.
As the world succumb to inflation everyone is so worried about the change of our Malaysian Taxing System to GST. But there are some good facts about GST that probably you're not aware of.
JaminKerja is extended
Still not sure what to give to your employees? JaminKerja is extended until December 31, 2022, so your employees may enjoy different benefits.
Are you interested in further honing your skills as a professional and entrepreneur? You intend on attending short courses but worried it will be too expensive for you? Did you know you can get relief if you joined, attend or enroll to any upskilling courses.
Stamp duty For Property
Did you know in the recent Budget Announcement they announced that all stamp duty for the transfer of property executed between immediate family members (spouses, parents to children, grandparents to grandchildren) will be at a fixed RM10.00. But bear in mind that all transfer must be executed in the year 2023.
Tax rates for SMSE and Individual
Did you know there changes for the tax rates of individuals and SME? During the budget announcement they announced some changes for different income bands, check how much your new rates!
GST first implementation
Let's take a trip down the memory lane when GST was first implemented last 2015, lets talk about it's history and why it eventually was abolished.
Knowing how GST functioned previously is important, so in the event of reimplementation we know what to do and we properly equipped ourselves with knowledge.
Running a business is tough, but doing accounting while running the business is tougher, so here are some of the best accounting software you can use that will help you with your business or work.
Is rental income taxable?
With the tax season coming up, want to know the common mistakes made by business owners?
Getting an insurance and education policy is abit tricky, there things that are not usually covered and what are the certain clauses you have to remember when you get one. But with Ms. Sarah, she will be able to help you more about your insurance benefits and how can you use them.
Refurbishment and Renovations Relief
Do you have a business? Thinking of expanding the operation and wanting to make your office more bigger? Don't worry did you know you are entitled for tax relief everytime you will have business renovation that is capped up to 300k.
SSPN-1 Plus Tax Relief
The new SOCSO employers contribution has new salary ceiling, meaning members contribution will increase. So for all employers out there be sure you keep yourself updated with such news. You're not aware of it? Don't worry Ms Sarah got you covered.
New Tax Audit Framwork
𝐴𝑟𝑒 𝑦𝑜𝑢 𝑑𝑒𝑐𝑙𝑎𝑟𝑖𝑛𝑔 𝑦𝑜𝑢𝑟 𝑡𝑎𝑥𝑒𝑠 𝑝𝑟𝑜𝑝𝑒𝑟𝑙𝑦?
Did you know that IRB has released a new Tax Audit Framework (TAF) that deals with the offences and penalties of incorrect or undisclosed tax returns
GST vs SST
Do you know the difference between GST and SST? Is it really beneficial to change our taxing system at this point of time? But don't worry Ms. Sarah will be guiding you through on how to equip yourself with knowledge about GST.
Stamp duty Exemption for first time owner
Did you recently purchased a new house and you're a first time owner? Did you know during the recent budget announcement that they will increase the stamp duty exemption from 50% to 75% for any transfer of documents and loan agreements. You didn't know?
Carry unabsorbed losses
During the recent budget announcement, they proposed to increase to carry unabsorbed losses for businesses with long gestation for 20 years. As opposed to the previous period of 10 years.
Since there are news of GST being re-implemented, lets talk about what had happened previously, how it was implement way back in 2015 and what it leads to its abolishment in 2018.
Public Ruling No 4/2022
Did you know that taxpayers who didn't settle their taxes will be stopped from leaving the country? this is because IRB has issued a new Public Ruling No. 4/ 2022, if you don't settle your taxes, taxpayers will be fined ranging from RM200 to RM20,000 or jail time of 6 month, or both.
Tax Rebates for income less than RM35,000
Tax season is coming and did you know that there is a tax rebate given to the lower-income group? if your chargeable income is less than RM35,000 you may get a RM400 tax rebate.
Are hampers taxable?
To all business owners, are you worried about the hampers you sent to your existing clients or potential clients taxable?