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McM Articles

Tax audit and investigation

A tax audit and/or investigation is defined as an examination of a taxpayer’s business records and financial affairs to ascertain that the right amount of income is declared and the right amount of tax is calculated and paid in accordance with the laws and regulations.

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Counting Stars

McMillan Woods is a global network or association of independent local and regional firms of recognised qualified accountants and professional advisors.

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Tax evader’s nightmare

Almost 80,000 citizens, companies, and others with unusual riches have not disclosed their real taxable income or underdeclared. The current harsher programme, with much higher penalties, should ferret them out.

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How Budget 2019 taxes will affect you

An interesting aspect of Budget 2019 is the special Voluntary Disclosure Programme, which gives taxpayers an opportunity to voluntarily declare any unreported income.

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The Move From GST to SST

As promised by Pakatan Harapan as part of its election manifesto, the hugely unpopular GST has been scrapped as of 1 June 2018 to be replaced by the Sales and Service Tax (SST) from 1 September. Will the move from GST to SSTreally make a difference to consumers, business and the country?

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Dato’ Raymond Liew’s inspiration Tale

At the Heart of Family Love – A man so successful you’d think he’d have no time to spend with loved ones or lead a simple life. Could the same man be humble and honest about himself as well? Fiona Biggs investigates her subject – Dato’ Raymond Liew.

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