We offer your best
We offer initial free consultation. You contact we YC LEE & Co does not need to finish at 5 pm office hour.The services that we provide as set out below.
Financial reporting
Taxation
General Management Services
Corporate Secretarial
Domain and Hosting Handling
Other services available
Should you need further information on any of these services, please email us at enquiry@yclee.com

WHY US??
 
- Engage a professional firm of accountants mean you can be assured of our quality standard services
- We do help clients to form a new Sendirian Berhad(Limited company), sole proprietor and partnership
- Each sendirian berhad(Limited Company) need to have a company secretary, we do offer this services after incorporating the new company
- As for sole proprietor/partnership company, we provide service on account preparation for submission to the Inland Revenue Board
- Advice on method of account keeping and record keeping which is an essential part of the current tax regime of the Self Assessment System
- We provide advice on tax planning and tax related issue
- Convert our knowledge into value which will benefit our clients

Therefore we provided ONE STOP solution to our client business need.
 
TAXATION
INTRODUCTION -TAX AGENT

Who can be a tax agent : NOT EVERY ONE CAN BE A TAX AGENT!! 
Section 153(3), of the Income Tax Act , spell out “tax agent” means- 

(a) a professional accountant authorized by or under any written  law to be an auditor of companies;
(b) any other professional accountant approved by the Minister; or
(c) any other person approved by the Minister on the recommendation of the Director General. 

We are tax agent under category (a) above.  

An INCOMPETENCE BOGUS TAX AGENT will NOT RESPONSIBLE for your tax affairs and might disappear when you need them. Adding that they are prohibited to act as tax agent under Section 153(1).  

As tax agent, we will sign on your tax return form (All Form B/BE ,C  REQUIRE to be signed by yours tax agent) and will therefore responsible on your tax affairs.

BENEFIT OF HAVING YOUR OWN TAX AGENT

Why need for tax agent? Well, under the current self-assessment regime the burden of proof that the tax figure that submitted by your self is true and correct laid solely on the taxpayer.-THE ONUS OF PROOF NOW IS ON THE TAXPAYER!! 

Moreover, the tax payer are now required to estimate their own tax liability and  tax are now paid in advance.(FOR DETAILS ON ESTIMATE TAX REFER TO SECTION ON EITHER INDIVIDUAL TAX AND CORPORATE TAX RESPECTIVELY)  

As under the new self assessment system (SAS) the return form (be it Form B/BE for individual tax payer or Form C for corporate case) that submitted is deemed correct and treated as deemed notice of assessment, in which case the tax payer is require to remit the final balance of the tax pay to the Inland Revenue Board at the same time. Thus, it is essential now for the taxpayer to know their right under the tax law under current new system.   

Other changes under the new tax regime that effect tax payer:- 

-Changes on the tax return form (Form B/BE, C) which is more complicated than previous one, extra caution needed when filling up the tax return form;

-All tax payer (individual or corporate) are requires to keep a sufficient records;

-Should actual tax payable exceeding the estimated figure by an amount of 30%, the difference exceeding the 30% will be subject to a penalty of 10%;

-Failure to remit the balance of tax payable by will result a penalty of 10% on the balance of tax payable and another 5% should the tax remain not pay for after 60 days;

-Taxpayer should comply with the Public Ruling that issue by the IRB when preparing their tax return and computation;

-Taxpayer are require to keep the working paper (helaian kerja) for the purpose of verification during tax audit;

-Possibility of being subjected to tax audit and even tax investigation. 

While compliance of tax law is our competences, you will benefit as we are here to help you not only on the above COMPLIANCE WORK, but would help you to TO IMPROVE YOUR CASH FLOW for your business through proper tax planning.  

With only a YEARLY minimum tax retainer fee you will enjoy the following benefits:- 

  • Ensure proper filling up of your tax return form;
  • A comprehensive tax computation with all tax sensitive supporting notes to enable the explanation of final tax liability;
  • Working paper (relevant pages) are properly filled up for tax audit verification;
  • Advise on various tax incentive and deduction that can be claimed to minimize tax in legal why;
  • Taxpayer are ensure of tax law compliance;
  • Use of our address as correspondence with IRB, taxpayer can ensure of all important information be safe with us;
  • All original copy of letter from IRB will be forwarded to tax-payer FREE;
  • Yearly complimentary budget commentary and tax information;
  • Free advise on the various aspect of Malaysian tax. 

APPOINT US AS YOUR TAX AGENT NOW.

 
 
 
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