A Razak & Co
Reg No. (AF 0842)

51-2D, Jalan Pandan 3/10, Pandan Jaya, 55100 Kuala Lumpur.

  • Filing of yearly tax returns for all types of entities.
  • Discussing Tax Reductions with the tax authorities.
  • Assisting our client in Tax Investigations carried out by the tax authorities.
  • Discussing tax installment schemes with the tax authorities.
  • Undertaking Tax Legal cases by engaging and assisting the lawyers.
  • Undertaking tax appeal.
  • Good and Service Tax – GST appeals.
  • Undertake to file several years tax back log cases.
  • Help resolve Withholding tax issues.
  • Calculate tax on Foreign Exchange Gains (realised gains/unrealized gains).
  • Calculate tax on debts waived by creditors, bankers holding companies, subsidiary companies related companies and others.
  • Give Tax Advice.
  • Registration and submission of Sales & Services Tax (SST)
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  • Year end audits (i.e. Statutory audits).
  • Forensic/Investigative audits.
  • Special audit i.e. :-
  • – Limited review audits.
    – Paid up Capital Certification audits.
    – Others as requested by clients.
  • Internal Audits.
  • Syariah Audit.
  • Government Audits:-
  • – Federal government entities audits.
    – Statutory bodies audits.

     

  • Monthly book keeping (12 times in a year).
  • Half yearly book keeping (2 times a year).
  • Yearly book keeping (Once a year).
  • Providing temporary Book Keepers while client look for permanent Accounts staff.
  • Clearing back log book keeping of the past years.
  • Undertaking back log Bank Reconciliation.
  • Undertaking intercompany reconciliation cases.
  • Preparing debtors ledgers and debtors aging.
  • Preparing creditors ledgers and creditors aging.
  • Preparing fixed assets registers.
  • Conduct Training/Work shop for :-
  • – Book Keeping – Accrual basis.
    – Public Sector Accounting.

     

    Liquidation is a process whereby the assets of a company are collected and realized in order to pay debts to the creditors. There are two types of winding up namely, compulsory and voluntary winding up.

     

    Share valuation is defined as the technique for calculating the estimated value of companies and their stock, with a specific end goal to foresee moves in the market and resulting share costs. The benefit to you is to help you to settle on better investment choices.

    Shariah Audit refers to the entire process of unbiased critical evaluation and examination of all the policies and operations of an organization in accordance with the Islamic Laws for Business.
    It encompasses the timely and periodical review conducted to provide an independent judgment regarding the policies and investments of any firm in the light of the Shariah Standards.
    The need for Shariah auditing arises when an organization is keen on continuing its Shariah Compliant products in accordance with the Shariah Principles.
    The Shariah Audit is a function of reviewing and assessing the activities and policies of the organization to ensure the conformity with the Shariah guidelines laid down by the Shariah Advisory Board for the product being audited.
    A thorough revision and examination need to be carried out to ensure that the products and services are strictly compliant with the Shariah principles.
    The basic principles on which the Shariah Audit is based are the Shariah Standards and guidelines as may be prescribed by the Shariah advisory board or Industry bodies such as AOIFI.

    Due diligence is an investigation, audit, or review performed to confirm the facts of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party.

    A forensic audit is an examination and evaluation of a firm’s or individual’s financial records to derive evidence that can be used in a court of law or legal proceeding. Forensic auditing is a specialization within the field of accounting.

    Misappropriation of assets involves the actual theft of an entity’s assets.  This can be accomplished by common theft or the following.

  • Causing an organization to pay for goods and services not actually received (for example fictitious vendors or employees).
  • Using an organization’s assets for personal use.
  • Embezzling receipts.
  • The reporting accountant carries out the required due diligence on your financial position and reports these findings to your nominated adviser. This process is invaluable in helping your business to prepare for its Initial Public Offering (IPO), identify the necessary accounting standards’ reporting requirements and support the overall transition.

    Judicial Management (“JM”) is a temporary court-supervised rehabilitation plan introduced through the Companies Act 2016 to assist financially distressed companies by affording an opportunity to rehabilitate and restore itselves back to profitability.

    The  Court appoints a Judicial Manager who is  an insolvency practitioner to manage the company. The idea is that the Judicial Manager will work out a rehabilitation plan acceptable to the majority of creditors. An application by the Company or its Creditors for a JM Order should contain a nomination for the Judicial Manager, and premised on one of the following grounds:

  • Inability of the company to pay debts
  • To ensure survival of the company wholly or partly;
  • A better way to realise the assets as compared to winding up; and
  • Creditors will be in a better position than if the company was wound up. It is vital to bear in mind that there are criteria to be fulfilled, both upon filling of a JM application and upon the granting of a JM Order.
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    A business evaluation is an analysis and review of the entire business as a whole. It is conducted to determine the overall standing and operation of a business before it is sold by the owner to a potential interested buyer.

    Generally, tax deductions, tax reliefs, and tax rebates help you reduce your aggregate income, chargeable income, and amount of tax charged respectively. Claiming these incentives can let you enjoy a lower tax rate and pay less in tax altogether.

    Our training solutions are developed by experts based on practical experiences to help organizations and individuals improve personal competence and skills.