Tax Accounting for Small Business and Individual Owners

While Malaysia’s income tax laws and regulations impose many responsibilities on taxpayers, there are also numerous reliefs and incentives available to reduce the tax burden in Malaysia. As a taxpayer and business owner, you often wish to maximize your business income and minimize income tax payable. In order to do effective Tax Planning, an understanding of Tax Accounting which is for tax purposes becomes very important. It applies to everyone—individuals, businesses, corporations, and other entities. Even those who are exempt from paying taxes must participate in tax accounting. The purpose of tax accounting is to be able to track funds (funds coming in as well as funds going out) associated with individuals and entities.

Learning Outcome

Participants will be able to:

1. Tax accounting is the subsector of accounting that deals with the preparation of tax returns and tax payments.
2. Tax accounting is used by individuals, businesses, corporations, and other entities.
3. Tax accounting for an individual focuses on income, qualifying deductions, donations, and any investment gains or losses.
4. For a business, tax accounting is more complex, with greater scrutiny regarding how funds are spent and what is or isn’t taxable.

Learning Outline

Facilitator

Profile of Choo Gaik Looi, Cecilia

Cecilia has 4 years of audit-related experience with a big four accounting firm, and 13 years of experience with multinational electronic companies specializing in designing and setting up financial and management accounting, internal control including SOX, and operational systems as well as software implementation. She also performs operational audits and acts as a consultant for a number of companies on financial issues. She spent her last 10 years involved in training and teaching covering accounting, finance, and taxation areas. Currently, she works as a freelance advisor and consultant to a group of companies.

She is a member of the Malaysian Institute of Accountants (MIA). She holds a professional qualification of Chartered Accountant (CA) and Certified Financial Planner (CFP) in Malaysia, a Master of Administration (MBA) with distinction from Heriot-Watt University, United Kingdom, and a Bachelor of Accountancy (Honours) from Universiti Utara Malaysia.

Terms & Conditions

• Registration is on a first-come-first-served basis, only 20 seats available.
• Participants need to sit in for both sessions in order to accumulate the points.
• Confirmation is subject to payment before the workshop.
• FPAM reserves the right to amend the program, speaker, date, venue, etc, without prior notice.

Frequently Asked Questions

1. How long will each digital programme take?

Each digital programme is the equivalent of a day’s CE Workshop training for approximately 8 hours. With the lunch break in between, the digital programme will usually take place for 6 hours.

2. Can I attend only half sessions of the training?

Yes, you may. However, you will not be granted full points from respective parties.

3. Which forms of payment can I use?

We accept payment by credit card (VISA / MasterCard / AMERICAN EXPRESS / Discover), by FPX (Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, Bank Rakyat, BSN, CIMB Clicks, Hong Leong Bank, HSBC Bank, KFH, Maybank2E, Maybank2U, OCBC Bank, Public Bank, RHB Bank, Standard Chartered, UOB Bank).

4. How secure is shopping? Is my data protected?

Your data will be handled confidentially and encrypted with SSL (Secure-Socket-Layer) secure server software. The encrypted information of your order, your name, address, credit card or bank details cannot be read by any third party. Credit card payments will also be verified through the 3D secure procedure.

5. Who should I contact if there is any transactional issue or problem purchasing any product / service?

Kindly drop a message below with the problem statement and we will get back to you as soon as possible.