Insight

Impact of Covid-19
Reshaping the Landscape of Business World

Outsource Program

Challenging time for businesses today, stagnant revenue and ever increasing operating cost. Many entrepreneur faces difficulties adapting to the rapid changes in the business world today. Learn more about our Outsourcing Program, knowing how we can reduce 50% of your cost.

Top 5 Reasons Why Your Company should Outsource Your Accounting or Bookkeeping to KBM

Save money
Expertise on your side
Timely and accurate financial data
Allows you to focus on your core business
Avoid penalties caused by GST Errors

Notice:

You no longer need to rush for deadlines to avoid penalties as your accounting reports are prepared timely in our good hands. KBM provides outsourced accounting, bookkeeping and financial controller (CFO) services Puchong, Selangor, and Kuala Lumpur (KL), Malaysia for your business

Here is what we can do for you:

Option 1: Full Service

Accounting & Bookkeeping performed by accountants on a weekly or monthly basis
We can become your complete bookkeeping and finance department

Option 2: Outsourced Financial Controller

You handle the bookkeeping in-house
We oversee your accounts staff
Analyse and advice on your accounts so that you can make better business decisions

Looking for way to grow your business?

Let’s look at the differences between Sendirian Berhad and Berhad.
A Sendirian Berhad (Sdn. Bhd.) is a private limited company (Pte. Ltd.) while a Berhad company is a public company (Bhd.) which usually ends with Ltd.

Main Differences


Differences	Sdn. Bhd.	Bhd.
Number of Shareholders	Maximum 50 Shareholders	Unlimited Shareholders
Size of the Company	Small or Mid-Sized Enterprises (SMEs)	Largest Company
Financial Reporting Standards	Less Strict	Stricter
Financial Information	Less informative	Publicly available
Funding	Prohibits invitation to the public to subscribe to shares	Public can freely subscribe to shares

Although most BHD companies list their shares and trade on a stock market, this is not a mandatory requirement. A BHD company can choose to stay unlisted.

Procedures to Incorporate a Sdn. Bhd.
Sdn. Bhd. is the best choice for an Entrepreneur. Major benefits are as follows:-

1. The liability is limited

An entrepreneur’s personal wealth is protected if the business making a loss or if the business fails.

2. The income tax risk exposure is low

Most Sdn. Bhd. are better managed and regulated. The tax planning is better as the company is a separate legal entity. Tax saving up to 20% compared to individual tax rate.

3. The Business Continuity will never stop

Sdn. Bhd. will never expire and the company will exist even if the key owner passes away.

4. Getting a loan is easier

The accounts are more reliable and trustworthy.

The requirements to form a company are:

A subscriber to the shares of the company
A director
A company secretary

Both the director and company secretary shall have their principal or only place or residence within Malaysia.

Procedures to Convert from Sdn. Bhd. to Bhd.

The procedures and Incorporation Documents for Bhd. is the same as Sdn. Bhd. The only difference is the liability of its members must be stated in the Memorandum of Association as unlimited and the company shall have minimum two directors.

Every company must have at least one company secretary in The Roboard and the company secretary must be a member of a professional body or licensed by SSM Malaysia.