What is withholding tax in Malaysia? Quoting directly from the Inland Revenue Board of Malaysia’s official website, withholding tax is an amount that is withheld by the party making payment (payer) on income earned by a non-resident (payee), and paid to the Inland...
What is petty cash? Petty cash or a petty cash fund is a small amount of cash set aside by a business for daily or weekly expenses that require payment in cash terms, or are too small in amount to be issued a check. It is a pre-determined amount of cash that is kept...
You have successfully set up a new business, and provided goods and services to your first customer. What follows after is to be paid by your customer, but you realised that you have not prepared your company’s invoice template for invoice issuance, and you have no...
On 12th March, Biztory and Wofollow team cooperated to shoot the latest Biztory promotional video. We started to discuss the concept and storyboard of the promotional video before the shooting starts. The Wofollow team showed their professionalism throughout the whole...
Image Source: Google On the night of 16 March 2020, the Prime Minister of Malaysia, Tan Sri Muhyiddin Yassin declared a Movement Control Order (MCO) for the period of 18 March 2020 to 31 March 2020, sending Malaysians into panic and frenzy. In the past few weeks, the...
Today, when everything is shifting over the internet and companies are benefiting from technology at its best, many individuals shy away from it. Especially when we discuss accounting and business management, things take a serious turn. No company would wish its...
Today, when everything is going over the internet and businesses are looking to catch up with the pace, you need to automate your processes as much as possible. It would be impossible to stay in the competition if you are not benefiting from the technology and willing...
The business structure and system is evolving with each passing day. We have the introduction of modern-day business equipment along with the integration of tech to make things easier. However, some companies do find themselves in trouble over why and how they should...
There are many businesses in the modern-day that struggle with invoicing. If you are looking to get paid on time and want to beef up your money flow, you need to pay attention to the invoicing and money management. However, if you are not ready to alter the current...
The modern-day business accounting is a complex task. Many companies make a lot of effort and try to keep the process smooth and simple. However, without appropriate accounts management, things will get hard. The problem lies in the fact that companies either shy away...
