Frequently Asked Questions (FAQ)

Below are the most commonly asked questions. Do contact us if you require additional information.

What services does Saifudin & Co provide?

We're a chartered accounting firm registered with MIA (Malaysian Institute of Accountants) providing comprehensive accounting, audit, tax, and advisory services for Malaysian businesses. Our services include statutory audits, financial reporting, corporate tax compliance, business valuation, ERP implementation, and corporate restructuring. We serve SMEs, enterprises, co-operatives, and non-profit organisations across Malaysia.

Do I need a statutory audit for my company?

Under Companies Act 2016, most private companies must have annual statutory audits. Dormant companies and certain exempt private companies may be exempt. Co-operatives, strata management bodies (JMB/MC), and registered societies also require statutory audits under their respective regulations. We can discuss your company's specific audit requirements during an initial consultation.

How much do your services cost?

Our fees depend on your company size, complexity, and service requirements. We provide transparent quotations after an initial consultation to understand your needs. Contact us to schedule a preliminary discussion and receive a customised fee quotation.

How long does an audit take?

A typical audit for a small to medium-sized company takes between 2 to 4 weeks to complete, but the exact timeline will depend on the company's size and documentation readiness. Larger companies or groups may require longer. We work efficiently to minimise business disruption. Proper preparation (organised records, reconciled accounts, supporting documents) significantly speeds up the audit process. We provide audit readiness checklists to help you prepare in advance.

Can you help with tax filing and LHDN matters?

Yes, our licensed tax agents handle all corporate tax matters including Form C preparation, estimated tax payments, RPGT filings, and LHDN correspondence. We also represent clients during LHDN audits, prepare tax objections and appeals, and handle penalty negotiations. Whether you need annual tax filing or support during an LHDN audit, we provide comprehensive tax compliance and advisory services under Income Tax Act 1967.

What accounting software do you recommend for my business?

We strongly recommend Microsoft Dynamics 365 Business Central for most businesses. The reality is that no one wants to go through the painful process of changing accounting software every few years. By starting with a scalable platform like Business Central, you are investing in a system that can grow with your business from the SME stage to a large enterprise.

Microsoft's ecosystem offers unparalleled integration with other business tools like Microsoft 365 and Power BI, creating a seamless and powerful digital infrastructure. The ERP is highly configurable and can be tailored to your specific industry and operational needs, ensuring it remains relevant as your business evolves.

While cloud platforms like Xero, QuickBooks, or SQL Accounting can be suitable for very small businesses or startups, we view them as entry-level solutions. Businesses that start on these platforms often face a costly and complex migration project within a few years as they outgrow their capabilities. Our recommendation is to start with the end in mind and choose a system that will support your long-term growth. We provide expert implementation, support, and training for Microsoft Dynamics 365 Business Central to ensure you get the most out of your investment.

Do you provide monthly bookkeeping services?

Yes, we prepare monthly management accounts including financial statements, variance analysis, and KPI dashboards. We can also handle full accounting operations including transaction recording, bank reconciliation, and payroll processing. Our services are ideal for businesses wanting professional financial management without maintaining full in-house finance teams. We deliver real-time financial visibility supporting informed business decisions at cost-effective rates.

Can you help if my company is facing financial difficulties?

Yes, we provide corporate restructuring and turnaround services for businesses facing financial distress. Our licensed liquidators assist with debt restructuring, creditor negotiations, cash flow management, and formal restructuring options including schemes of arrangement and judicial management. We provide confidential assessments of your financial position and strategic options available. Early intervention often provides more restructuring alternatives and better outcomes for all stakeholders.

How do I get started with your services?

Contact us through our website contact form, email, or phone to schedule an initial, no-obligation consultation. This discussion is designed to understand your business needs and to see how we can help. Following the consultation, we will provide a transparent fee quotation. Once engaged, we'll assign a dedicated team, provide onboarding documentation, and establish clear timelines and deliverables.

Do you work with businesses outside Kuala Lumpur?

Yes, we serve clients throughout Malaysia. While our office is based in Kuala Lumpur, we work with businesses across all states using cloud-based collaboration tools, video conferencing, and periodic site visits when required. Our Microsoft cloud infrastructure means we can deliver professional services efficiently regardless of your location.

Still have questions?

Do let us know and we shall get back to you in 2 business days.

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