Taxguards Advisory

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

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Employment Responsibilities

Employer's Annual Tax Return (Form E)

Elaboration:

  • Employer’s Tax Filing for EmployeesWe assist employers in preparing Form E, ensuring accurate reporting of employees’ tax deductions under the Monthly Tax Deduction (MTD) system.
  • Employee Tax Reporting
    We ensure the accuracy of all details on Form E, including deductions, allowances, and exemptions, to meet IRBM requirements.
  • Finalizing Employee Tax PositionsWe help reconcile employees’ tax deductions and assist in issuing Form EA for proper tax credit and refunds.

Filing of Tax Estimates with Tax Authorities (CP204/CP204A)

  • Accurate Tax Estimate CalculationsWe calculate and file precise tax estimates (CP204), helping businesses plan and stay compliant.
  • Timely and Consistent Payments
    We ensure tax estimates are filed and paid on time, avoiding penalties.
  • Cash Flow ManagementWe align tax payments with your business cash flow for smoother financial management.
  • Revision of Tax Estimates (CP204A)We assist in revising tax estimates (CP204A) to reflect changes in income, avoiding underpayment penalties.

Management of Tax Files

  • Tax File Registration and SetupWe help register and set up tax files, including obtaining a Tax Identification Number (TIN) for smooth tax compliance.
  • MyTax Profile Registration
    We guide you through MyTax registration, enabling easy online tax filing and management.
  • Ongoing Tax File ManagementWe ensure your tax file is always accurate and updated with the Inland Revenue Board of Malaysia (IRBM). This includes updating contact information, business details, and any changes to your tax status.
  • Closure of Tax FileWe manage the closure process, ensuring all obligations are met to avoid future issues.

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.