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Bosses and entrepreneurs, itβs time to declare and pay your company tax! π Anyone doing business will want to maximise profits and revenues for sure. However, when the profit (which is chargeable income) is higher, more corporate tax needs to be paid. But wait, do you know you can actually do tax planning to reduce your tax rate? Here are some tips you may refer to and consider. π§ Take advantage of tax incentives: The Malaysian government offers various tax incentives to encourage investment in certain industries or activities. These incentives may include reduced tax rates, tax holidays, or accelerated depreciation. It's worth exploring whether your company qualifies for any of these incentives. π Claim all allowable deductions: Make sure you're claiming all the deductions that you're entitled to under Malaysian tax law. This could include deductions for business expenses such as rent, utilities, and employee salaries. π€© Optimize your business structure: Depending on your company's size and structure, it may be worth considering whether a different business structure (such as a limited liability partnership or a sole proprietorship) could result in lower taxes. π It's important to note that tax laws and regulations can change over time, so it's always a good idea to consult with a qualified tax professional before making any major tax-related decisions. You may ask: βHow do I update and equip myself with all the latest tax updates?β TaxPOD is your best partner to access all the tax knowledge you need to strategise your tax planning. You can view all the videos and attend our latest tax update webinars to smoothen your tax- saving journey! π₯³ Hit the βBook Nowβ button to request a FREE TaxPOD demo now! πDo you think AI will take up your job? π AI will replace you if you donβt know how to use them? π Here is the catch π "AI won't replace you, a Person using AI will." Once you know how to use these AI tools, you can achieve more than ever before \- You can increase productivity and save up to 50% of your time \- You can achieve exponential growth in your career. Join my upcoming 3-hour Live Workshop and learn how to Leverage Powerful AI tools like ChatGPT to boost your Productivity and accelerate your Career Growth. π But who am I giving you all this wisdom? Hi, I'm Jatan Shah, the Co-Founder, and CEO of Skill Nation. As a Microsoft Certified Trainer and AI & MS Office Expert, I've helped over 1,16,000 students in the last 2 years create presentations and dashboards with the help of AI tools, boosting their productivity and careers. πΌ With 5+ years of industry experience, my workshop has enabled students to achieve significant salary hikes and job promotions. I'm committed to bringing the same impact to you. AI isn't a threat to your job π§ - it's an opportunity to excel π. Sign up for the workshop now for just Rs. 99 & unlock the bonuses worth Rs.12,500 absolutely Free. π₯³
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