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Understanding the Differences Between Sales Tax and Income Tax
Sales tax and income tax are distinctly separate methods of taxation, each possessing its own set of unique characteristics and
An Overview of Annual Returns
Do you know that all the companies should submit an annual return to the Registrar for every calendar year? If
An Overview of Debt Financing
What would you do if your business is running short of funds for its daily operations? At this stage, you
An Overview of Objectivity Principle
In accounting, the objectivity principle is a concept where the company should generate its financial statements according to solid evidence.
Changing from Memorandum & Articles of Association (M&A) to Constitution
If you are new to the world of business, you might have felt confused between the Memorandum & Articles of
Alterations and Amendments on the Constitution
Business owners (Also see How to Rectify Common Accounting Errors that Owners Make) often neglect the role of the constitution
Register of Members for Companies in Malaysia: Requirements and Importance
In Malaysia, all the companies should keep a register of members. There is a lot of information that they should
The Register of Members
The register of members is a document that the secretary should keep and maintain regularly. The secretary is responsible for
Registering the Allotment of Shares
Share allotment is the process of creating and issuing new shares (Also see An Overview of Common Shares) carried out
Solvency and Liquidity
Some people may be confused by the terms “solvency” and “liquidity” as they thought that these terms bring the same
The Records of a Company’s Resolutions and Meetings
All the companies should keep records that consist of minutes of all proceedings and all resolutions of members, no matter
Calculations of Net Worth and Its Importance
When we want to know how much Net worth refers to the total value of an individual or a company.