Auditing, consisting primarily of auditing and accounting services, is at the heart of our business. While the traditional audit approach focuses on numbers and accounting issues, we proactively create value by offering business solution. At the heart of our audit practice is our spirit of transparency, a culture of accountability and services delivered by people of integrity.
KTP & Company provides assurance on the financial performance and operations of your business. We can also help your business improve its external financial reporting and adapt to new regulatory requirements, such as the Financial Reporting Standards (FRS). Our audit clients include many emerging Malaysian companies. Our audit approach can also be tailored to meet the needs of your organisation no matter big or small.
In every case, the audit is underpinned by our industry knowledge and skilled professionals. As a firm, we are helping clients respond to the need for greater transparency, improved corporate governance, and business models based on the principles of sustainability.
Statutory audit provides assurance on the reality and fairness of an organisation's financial information; advice on controls and processing system weaknesses; confirmation of accounting treatments on complex transactions.
We also help in identifying internal control weaknesses and make recommendation for better control.
Accounting services such as preparation of profit and loss accounts and balance sheets, schedules of cash receipts and payments, and debtors on an ageing basis. We also provide payroll services for executives to ensure confidentiality.
We combine the right people, processes and technologies to help you gain maximum efficiency and achieve competitive advantage through outsourcing. We provide support to our clients on accounting functions, internal control and processes for substantial foreseeable benefits.
Our proven methodology captures new efficiencies that frees your resources and helps you focus your strategies to improve or transform your business.
Our principal services include the following:
- Financial Accounting
- Payroll for Executives
- Human Resource Advisory
Taxation systems and incentives in Malaysia are the most diverse in the world. The region has a broad range of rates of corporate and individual tax. Under today's self-assessment environment, tax affairs require even greater focus and accountability. Entrepreneurial are compelled to keep updating with latest tax information.
At KTP Tax Consultants Sdn Bhd, we are in a position to assist businesses, individuals and organisations optimise tax efficiencies and strategies, implement innovative tax planning and maintain compliance whilst delivering a broad range of tax advisory services. We not only provide compliance services, but also the solutions to businesses.
The Inland Revenue Board of Malaysia is one of the main revenue collecting agencies of the Ministry of Finance. Our main services are corporate and personal tax advisory. We also provide services in application of wide ranges of grants and incentives especially for SME.
In Malaysia, tax incentives no matter direct or indirect, are provided for in the Promotion of Investments Act 1986, Income Tax Act 1967, Customs Act 1967, Sales Tax Act 1972, Excise Act 1976 and Free Zones Act 1990. These Acts cover investments in the manufacturing, agriculture, tourism (including hotel) and approved services sectors as well as R&D, training and environmental protection activities. The direct tax incentives grant partial or total relief from income tax payment for a specified period, while indirect tax incentives were in the form of exemptions from import duty, sales tax and excise duty.
To provide greater financial accessibilities, the government through its agencies offers various grants and incentives to the SMEs. Partial grants are provided to finance product, process and quality improvements, market development, skills upgrading, factory audit and acquisition of strategic technology.
With the changing corporate environment as well as new developments in legislature, many companies face complex regulatory frameworks and procedural matters involved in the running of a company. We provide assistance and advice, and possess the necessary resources to monitor our client's compliance with statutory requirements. Our team of professionals has the experience and expertise to provide Corporate Secretarial services with discretion and integrity.
Our principal services include the following:
- Incorporation of Companies;
- Sale of Shelf Companies Proper maintenance of statutory records as required under the Companies Act, 1965;
- Advise on preparation of Resolutions, notices, attendance and minutes of meetings of Directors and Shareholders, and compliance with various legal requirements;
- Provision of Registered Office Address;
- Provision of Named Company Secretary in compliance with Section 139A of the Companies Act, 1965;
- Provision of Nominee Director who will cover the attendance of meetings and the execution of resolutions and other necessary documentation that are required to be filed with the Companies Commission of Malaysia;
- Act as authorised representative of Foreign Companies;
- Conduct company searches at the Companies Commission of Malaysia;
- Individual Bankruptcy searches;
- Registration of Representative Office and Regional Office with the Ministry of International Trade and Industry (MITI).
We will working closely with our clients to meet market objectives and supporting client service teams in meeting growth targets. Our primary responsibilities will involve working with our teams to build client relationships, identify opportunities and assist in client pitches.
In today's competitive business world, every organisation needs to hone its strategic, tactical and operational capabilities to stay ahead and meet the competition head on. We provide much needed advise and support at various management levels for the sole purpose of assisting you manage, promote and develop your business.
We conduct analysis of your business, evaluate and recommend strategies that will improve and optimise your operations, and in turn expand your business' capacity for increased profits.
Our principal services include the following:
- Business mentoring and support within the small and medium enterprises or industries;
- One-to-one advisory and support services to senior management and business owners;
- Management support including business planning, process improvement projects and managing quality;
- Marketing, commercialisation, cost reduction and value creation projects;
- Project management and monitoring.
