Steps To Prepare Income And Expenditure Account

Jack Prot

The steps are as follows: 1. Ignore opening and dosing cash and bank balances appearing in receipts and payments account. 2. Eliminate all items of capital receipts and payments. 3. Ascertain income of the relevant year by deducting from the total receipts the income received on account of previous and […]

Corporate Tax Planning Is Not an Option, It Is a Must

Jack Prot

Corporate tax planning is necessary for any business to be able to meet their obligations to the government, increase their profits and to plan by analyzing previous years’ performance. An experienced tax accountant can guide a company through the maze of tax laws, advise about debt-reduction strategies and help put […]

Wealth Creation – Income Generating Assets

Jack Prot

Once upon a time, in the Southern part of Malaysia, there was a young farmer who just got married and purchased a new property with his wife. It was a dream come true as they were both excited about moving and settling down on this new land. As they were […]

Top 5 Free Payroll Software

Jack Prot

Most business owners can keep track of their employee time and pay by using free payroll software. Cutting out additional expenses and providing customizable data fields, this excellent tool even offers support to troubleshoot product use. The Top 5 Free Payroll Softwares are listed below: #1: NolaPro v4.0. This free […]

Converting Manual Bookkeeping to a Computerized System

Jack Prot

If converting a manual bookkeeping system to a computerized system, the conversion will take a bit more time than just starting fresh because it needs to be sure the new system starts with information that matches the current books. The process for entering the initial data varies depending on the […]

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