Taxguards Advisory

Our Services

We offer a comprehensive range of services designed to support our clients to achieve cost-effective business strategies.

Income Tax

Filing for Corporate Tax Return (Form C)

  • Corporate Tax FilingForm C is the annual tax return for companies, reporting income, expenses, and tax liabilities. We ensure accurate completion, considering all allowable deductions, exemptions, and credits.
  • Compliance and AccuracyOur team ensures that all figures on Form C match your accounting records and comply with tax laws, reducing the risk of errors or penalties.
  • Tax Planning and OptimizationWe help you minimize tax liabilities by utilizing available incentives, reliefs, and credits while remaining fully compliant.
  • Audit and Documentation SupportWe maintain thorough records of financial statements and tax filings for quick responses in case of a tax audit.

Filing for Limited Liability Partnership (LLP) Tax Return (Form PT)

  • LLP Tax FilingForm PT is for LLPs to report income, deductions, and tax obligations. We ensure accurate allocation of income, deductions, and tax responsibilities among members.
  • Tax Compliance for MembersWe ensure each member’s income share is reported and assist with personal tax returns (e.g., Form B or BE) based on their share of earnings.
  • LLP Structure and Tax StrategyWe guide you in structuring your LLP to minimize taxes, maximize deductions, and distribute profits tax-efficiently. Additionally, We support managing capital gains, losses, and other items affecting individual members’ personal tax filings.

Filing for Partnership Tax Return (Form P)

  • Partnership Tax Filing (Form P)Form P is used by partnerships to report income, deductions, and tax obligations. We ensure accurate allocation of income and tax responsibilities among partners.
  • Tax Compliance for PartnersWe ensure each partner’s income share is reported correctly and assist with personal tax returns based on the partnership’s earnings.
  • Partnership Structure and Tax StrategyWe provide expert guidance on structuring the partnership to minimize tax liabilities and maximize deductions.
  • Partnership Filing (Form P) RequirementsWe ensure timely and complete submission of Form P, including necessary information such as partnership agreements and financial statements.

Personal Tax Forms

For Resident Individuals

a) Form B (Self-Employed & Business Income)

  • Self-Employed and Business Income Tax FilingForm B is for individuals with business income or self-employment. We help with reporting income, expenses, and tax liabilities, ensuring all allowable deductions are claimed.
  • Comprehensive Tax PlanningWe optimize tax savings by advising on deductions, tax credits, and expenses that reduce taxable income.
  • Timely Filing & Avoidance of PenaltiesWe ensure your Form B is filed on time, reducing penalties and managing any advance tax payments.

b) Form BE (Employment Income Only)

  • Employment Income Tax FilingForm BE is for salaried individuals. We report your salary and other employment-related income while ensuring all tax deductions and rebates are claimed.
  • Deductions and Tax ReliefsWe help you claim deductions for EPF, insurance, education, and other qualifying expenses to reduce taxable income.
  • Efficient Tax FilingWe ensure timely filing of Form BE and full compliance with tax regulations, minimizing the risk of penalties.

For Non-Resident Individuals

a) Form M
Elaboration:

  • Non-Resident Tax FilingForm M is for non-residents with income from Malaysia. We help you accurately report Malaysian-sourced income and comply with tax laws.
  • Tax Withholding and DeductionsWe ensure correct tax withholding, considering applicable tax treaties, deductions, and exemptions for non-residents.
  • Tax Treaty Benefits & OptimizationWe help non-residents utilize tax treaties between Malaysia and their home country for relief from double taxation, such as reduced withholding tax rates or exemptions.
  • Timely and Accurate FilingWe ensure timely filing of Form M and submission of necessary supporting documents, such as tax treaties and withholding tax certificates.

Expert Solutions for Your Business Needs

We provide comprehensive services, including Tax Compliance, Transfer Pricing, Business Consultancy, Tax Audits, e-Invoice training, HR Outsourcing, and Offshore Services—helping your business navigate regulations and achieve growth. Contact us for a consultation today.