E-Invoice Exemption Threshold Increased from RM1 Million to RM3 Million — What Malaysian SMEs Need to Know IMPORTANT UPDATE FOR MALAYSIAN BUSINESS OWNERS Sept 2026 The Government has announced an increase in the e-Invoice exemption threshold from RM1 million to RM3 million in annual turnover or revenue. The latest IRBM e-Invoice Guideline Version 4.8, dated 30 August 2026, reflects this …
Revenue Is Not Profit: Understanding The Difference Understanding Your Business Numbers: A Practical Guide for SME Owners A 10-Part Educational Series for Business Owners and Non-AccountantsPART 3 OF 10 Introduction This article is part of our 10-part educational series designed to help SME owners, entrepreneurs, and managers understand the financial numbers behind a successful business. One of the most common …
How to Choose the Right Outsourced Accounting Provider in Malaysia For many Malaysian SMEs, outsourcing accounting is one of the smartest business decisions. It saves time, reduces overhead costs and gives business owners access to experienced finance professionals without the expense of maintaining a full in-house finance department. However, choosing the wrong accounting provider can lead to costly mistakes, tax …
What Are Fixed Overheads and Why Do They Matter? Understanding Your Business Numbers: A Practical Guide for SME Owners A 10-Part Educational Series for Business Owners and Non-AccountantsPART 2 OF 10 WHAT ARE FIXED OVERHEADS AND WHY DO THEY MATTER? Introduction This article is part of our 10-part educational series designed to help SME owners, entrepreneurs, and managers understand the …
Government Updates PERKESO LINDUNG 24 JAM (SKBBK): Participation Now Voluntary for Malaysian Employees Latest Update for Employers, HR Professionals and SME Business Owners The Malaysian Government has announced an important update to the PERKESO Skim Kemalangan Bukan Bencana Kerja (SKBBK), also known as the LINDUNG 24 JAM Scheme. Following feedback from various stakeholders, the Government has revised the implementation of …
PERKESO LINDUNG 24 JAM (SKBBK): What Every Malaysian Business Owner Needs to Know The Social Security Organisation (PERKESO/SOCSO) has introduced LINDUNG 24 JAM (Skim Kemalangan Bukan Bencana Kerja – SKBBK), extending protection for eligible employees against non-work-related accidental injuries. The scheme takes effect on 1 June 2026. What is PERKESO LINDUNG 24 JAM?Traditionally, PERKESO only covered work-related accidents. LINDUNG 24 …
Why Every SME Owner Must Know Their Numbers? Understanding Your Business Numbers: A Practical Guide for SME Owners A 10-Part Educational Series for Business Owners and Non-AccountantsPART 1 OF 10 Introduction This article is part of our 10-part educational series designed to help SME owners, entrepreneurs, and managers understand the financial numbers behind a successful business. Many business owners are …
Why SMEs in Malaysia Struggle with Payroll (And How to Fix It) Ask any SME owner in Malaysia what gives them the most headache, and payroll will almost always make the list. On the surface, it seems simple – just pay your staff every month. But when you start doing it, you realise it’s not just about transferring money into …
Why Paying Employees Late Can Hurt Your Business? As a business owner, cash flow can be tough. Sometimes payments from customers come late, and you think, “Maybe I’ll delay staff salaries by a few days.” But paying employees late is more damaging than you think. Pain Points: Employees depend on salaries to pay rent, loans, and bills. When salaries are …
Why Outsourcing Payroll Is Safer Than You Think Some SME owners hesitate to outsource payroll because they worry about data security. “What if my staff details leak?” But in reality, outsourcing is often safer than keeping payroll in-house. Pain Points: When payroll is done in-house, it’s usually handled on Excel or simple software. Files can get lost, hacked, or misused. …