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(M&A UPDATE) Why SME Buyers Cannot Skip Financial Due Diligence
When you buy a company in Malaysia, you’re not just buying its brand or assets. You’re also buying its hidden financial baggage. That’s why financial due diligence (FDD) is not an option … it’s a must. Many SME bosses think audited accounts are enough. But audits are not designed to protect buyers. Due diligence is.…
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I Was Once the Most Hot-Tempered Accountant in Town
Many many years ago,I shouted and my voice could travel across building.I wrote abusive emails and WhatsApp messages.I once threw an audit file into the dustbin right in front of the PIC.My red big big marker pen? A weapon on working papers. I has a reputation a bad temper animal in the town. Outside work,…
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Two Friends Almost Died in Front Me
A man recently slipped and died on a 5,588-meter snow mountain in China.He unclipped his safety rope just to take a photo.He slipped down the slope and never came back.I survived and for that, I am deeply grateful for my survival.The news shook the climbing community. Adventure deaths are unforgettable.I’ve seen two close calls right…
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Confession Time: Even I Gave Excuses Not to Stamp Engagement Letters
I told myself the same things I always hear from clients :Too busyUnderstaffedAdministrative burdenProcrastination Sound familiar? But from 1 January 2025,excuses won’t save us.Under the Stamp Act 1949 and the new Stamp Duty Audit Framework,every audit and tax engagement letter must be stamped. Because legally, it’s an “instrument” under the First Schedule of the Act.…
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(Tax Update) Step-by-Step Visually Guide to Stamping Under the New Stamp Duty Act
For many SME owners, the word “stamping” can feel like another layer of red tape. But whether it’s a tenancy agreement, loan document, or business contract, stamping is compulsory under the new Stamp Duty Act. The good news? The process today is faster, simpler, and fully digital if you know the steps. Let’s walk through…
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