TQM Business Growth Solutions

08/05/2022

Part Time Bookkeeping Recruitment - Remote / WFH Jobs

Requirement:
1. Basic Book-keeping and Microsoft excel skills, possess full set accounts experience is preferred
2. Familiar with Autocount Software is preferred
3. Required language: Fluent Mandarin & Intermediate English
4. High degree of accuracy, attention to detail, confidentiality
5. Good personality, able to work independently with minimum supervision and prioritise tasks.
6. Possess own computer / laptop

Email your resume to [email protected]

24/03/2022

15/11/2021

❓Still UNSURE about which expenses are deductible?
❓Do not want to get PENALISED due to incorrect tax returns?
❓Hungry for more knowledge to SOLVE your tax problems?

In our seminar, we are going to cover the 3 topics -

1. Key Update of Budget 2022 for personal taxation planning
2. Cash flow forecast and
3. budgeting process

Act fast and *Register NOW*!
See you on 21st Nov Sunday morning 10am!

02/10/2021

If you got more time to be health, then only you can have the time and capability to create wealth.

Let’s live wealth, protect well and get healthy together with us!

We moved beyond Finance this time...

Our key message is that physical health is equally important 💪

Thank you Thyra Pang and Grace Ding for the wonderful sharing about striking a balance between physical & financial health 💞

This morning, we rewarded the action takers with a Free Online Zoom Fitness Class..and everyone enjoyed it 🏃 (lots of sweat too 🤣)

Stay tuned as we will be having an encore session soon 😉

10/09/2021

We are 1 quarter away before conclude the Year 2021😱. Admittedly, 2021 has been quite the roller coaster🎢, continued from the Covid-19 impact since last year.

The prolonged lockdown is “trapping” us at home, adversely impacted on our physical💪🏻 and mental🧠 wellbeing. Not only that, the high unemployment rate also put our finances under a stress test.

Covid-19 has revolutionized our lifestyle and the way we work, for better or worse. It has also made us realized the importance of adaptability and innovation in the face of adversity.

We invite you to take this opportunity to check your lifestyle KPI via an assessment with our NASM Certified Personal Trainer, Thyra Pang and Chartered Accountant, Grace Ding on your current wealth and health index.

1️⃣ 4 assessments to keep you on track on your physical health and financial goal
2️⃣ Unlock the secrets to optimal health
3️⃣ Wealthy mindset: Poor vs Rich
4️⃣ Building a sustainable and productive living habits

🎁 Special BONUS: FREE Zoom Fitness Class & Assessments (BMI, Bodyfat, VF, DSR, etc…)

Join us in our upcoming virtual event “*Lifestyle KPI: How to Maintain Physical and Financial Health?*”

Let’s live healthy, protect well and grow wealthy together with us! 😇

18/07/2021

Thanks for FinC having us in the tax seminar today!
Let’s start your tax planning with us!

Today, we completed our webinar for the topic “𝐓𝐚𝐱 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠: 𝐖𝐞𝐚𝐩𝐨𝐧 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐓𝐚𝐱 𝐈𝐧𝐯𝐚𝐬𝐢𝐨𝐧❓”

We are glad that everyone participated actively throughout the webinar and the responses are simply overwhelming.

👏 Kudos to our host Chris Tan and our passionate guest speaker Grace Ding for the generous sharing and answering community’s doubts regarding this topic.

We have summarised 3 FAQs as the key🔑 takeaways for today:

1️⃣ 𝗜𝘀 𝗿𝗲𝗻𝘁𝗮𝗹 𝗶𝗻𝗰𝗼𝗺𝗲 𝘁𝗮𝘅𝗮𝗯𝗹𝗲? 𝗜𝗳 𝗬𝗘𝗦, 𝗰𝗮𝗻 𝘄𝗲 𝗱𝗲𝗰𝗹𝗮𝗿𝗲 𝗿𝗲𝗻𝘁𝗮𝗹 𝗶𝗻𝗰𝗼𝗺𝗲 𝗮𝗳𝘁𝗲𝗿 𝗺𝗶𝗻𝘂𝘀 𝗼𝗳𝗳 𝗹𝗼𝗮𝗻 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲?

Rental income is taxable. You cannot deduct from mortgage loan principle.

However, mortgage interest is still deductible, but with a few caveats: Taxpayers can deduct mortgage interest on up to certain level in principal. Home equity debt that was incurred for any other reason than making improvements to your home is not eligible for the deduction.

2️⃣ 𝗜𝗳 𝗜 𝗮𝗺 𝗱𝗼𝗶𝗻𝗴 𝗲-𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗮𝘀 𝗽𝗮𝗿𝘁 𝘁𝗶𝗺𝗲, 𝗱𝗼 𝗜 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗳𝗶𝗹𝗲 𝗶𝗻𝗰𝗼𝗺𝗲 𝘁𝗮𝘅?

Yes, all income is taxable. It would be good for you to set up a sole proprietary/partnership/Sdn Bhd as some of your business expense is entitled for tax relief.

3️⃣ 𝗪𝗵𝗮𝘁 𝗶𝗳 𝗜 𝗹𝗼𝘀𝗲 𝗺𝘆 𝗷𝗼𝗯/𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗰𝗹𝗼𝘀𝗶𝗻𝗴 𝗱𝗼𝘄𝗻, 𝗱𝗼 𝗜 𝘀𝘁𝗶𝗹𝗹 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗱𝗼 𝗲-𝗳𝗶𝗹𝗶𝗻𝗴?

Even if your taxable income is 0, you still need to file a submission.

I have one of my client where she didn’t declare tax for her business due to loss making and closing down. 1 month later, she received a letter from LHDN to request her pay her tax based on previous year earnings😥.

Government won’t know your latest status unless you declare. Else, they will assume that you are trying to evade tax and thus will tax you exactly the same amount as previous year under 𝑆𝑒𝑐𝑡𝑖𝑜𝑛 112(3) 𝑜𝑓 𝐼𝑛𝑐𝑜𝑚𝑒 𝑇𝑎𝑥 𝐴𝑐𝑡 1967.

We hope you learnt something new today.

We are preparing to roll out a series of webinar over the next few months. Stay tuned 🤩