Thank You - Best Accounting Software Malaysia | Free

Thank You

MCO Business & Tax Updates

Only Comment your Questions when comes to

the Q&A Page

Appreciate if you could take 30 seconds to share

行动管制令每周更新 (2020年4月3日）

My name is Song


Where You Log in From?Have you attended our class?

Yes, Kuala Lumpur

Tax Training with Federation (MEF) Academy & MIA

also member ofMIA Young Professionals Committee’s

Engagement Working Group.

Our nationwide seminar in

Kuala Lumpur

Our nationwide seminar in Alor Setar


Bintulu


Johor Bahru

Our nationwide seminar in Kota Bahru


Kota Kinabalu


Kuching

Our nationwide seminar in Lahad Datu


Miri


Penang

Our nationwide seminar in Sandakan


Sibu


Tawau

DisclaimerWhatever we are going to discuss today, is coming out from the perspective of the Company



Start

Pity the Small Medium Enterprises

only Outflow no Inflow


Imagine a person bleeding without new blood cells

Question (1)

Do you think the MCO will extend?


你的看法管制令会延期吗？

PROFIT 利润

损益表 Profit / Loss Statement (Monthly)(+) Sales 100,000

Less : Purchase �50,000�

Gross Profit 50,000

Less :

(-) Staff Cost (20,000)

(-) Utilities Bills (5,000)

(-) Interest (5,000)

(-) Rental (10,000)

Net Profit 10,000

Cash Flow现金流

Cash Flow Statement (Monthly)In Flow :

Sales Collection 80,000

Less : Outflow

(-) Purchases (50,000)

(-) Staff Cost (20,000)


(-) Loan + HP + Interest (20,000)(-) Rental (10,000)

(-) Tax Instalment (1,700)(26,700)

PROFIT 利润

损益表 Profit / Loss Statement (Monthly)(+) Sales 0

Less : Purchase 0

Gross Profit 0

Less :

(-) Staff Cost (20,000)


(-) Interest (5,000)

(-) Rental (10,000)

Net Loss (40,000)

Cash Flow现金流


Sales Collection 0

Less : Outflow

(-) Purchases 0

(-) Staff Cost (20,000)


(-) Loan + HP + Interest (20,000)(-) Rental (10,000)

(-) Tax Instalment (1,700)(56,700)

(2) How to stop the Bleed?

Temporary Measures


PROFIT 利润


Less : Purchase 0

Gross Profit 0

Less :

(-) Staff Cost (20,000)


(-) Interest (0)(-) Rental (8,000)

Net Loss (32,850)

Cash Flow现金流


Sales Collection 0

Less : Outflow

(-) Purchases 0

(-) Staff Cost (20,000)

(-) Utilities Bills (-3%) (4,850)

(-) Loan + HP + Interest 0(-) Rental (8,000)(-) Tax Instalment 0

(32,850)1) 3m Deferment2) Submit tax revision


PROFIT 利润


Less : Purchase 0

Gross Profit 0

Less :

(-) Staff Cost (20,000)


(-) Interest (0)

(-) Rental (8,000)

Net Loss (32,850)

Cash Flow现金流


Sales Collection 0

Less : Outflow

(-) Purchases 0

(-) Staff Cost (20,000)

(-) Utilities Bills (-3%) (4,850)

(-) Loan + HP + Interest 0

(-) Rental (8,000)

(-) Tax Instalment 0

(32,850)

Staff Cost


Website : ancgroup.biz | Email : [email protected] | T : 03 – 9213 1602 / 03 – 7932 5752 | Tax Planning & Advisory, Accounting, Co Sec

Staff Cost

全薪Full Pay

降薪Paycut

裁员Retrenchment

雇主Employer

雇员补贴Wage Subsidy Programme (WSP)

（600/mx 3）

雇员Employee

就业保险计划Employment Insurance

System (EIS)

无薪(30天）

Unpaid Leave

雇主Employer

雇员援助金Employee Retention Programme (ERP)

（600/mx 6）


Can Foreign Employees apply?


Staff Cost

Employer WSP

Employee EIS

Employer ERP

http://prihatin.perkeso.gov.my/

https://eis.perkeso.gov.my/

Email Borang ERPC-19 to [email protected]


Wage Subsidy Program GuideProgram Subsidi Upah

符合条件 Syarat Kelayakan1. Pekerja yang berdaftar atau

mencarum dengan SIP 2. Pengisytiharan syarikat

mengalami penurunan pendapatanlebih 50% membandingkan jumlahjualan Januari 2020 denganbulan-bulan berikutnya

3. Pekerja bergaji 4000 dan kebawah

4. Terhad 100 orang sahaja bagisetiap majikan

5. Majikan memastikan pekerjatidak membuang kerja, ambil cutitanpa gaji dan memotong gajiuntuk 6 bulan

1. 雇员有注册并缴付就业保险计划

2. 雇主必须声明营业额下滑超过50%。这是相比2020年1月和未来的几个月

3. 雇员薪水4000以下4. 限制一家公司100个员

工5. 雇主不可以裁员，放无

薪假和强迫雇员减薪6个月

Qualifying Condition1. Employee registered and

contributed to EIS2. Statutory declaration that the

Company’s sales decreased more than 50%, comparing January 2020 and future months

3. Employee salary is 4000 and below

4. Limited to 100 employees only5. Employer cannot retrench,

force employee to take unpaid leave and pay cut for a duration of 6 months

准备文件 Dokumen Diperlukan1. Senarai Pekerja (terhad 100

orang)2. Maklumat Akaun Bank Majikan3. Salinan pengenalan pendaftaran

bank panel majikan4. Salinan pendaftaran SSM5. Akaun Pengisyitiharan PSU 506. Bukti sokongan adalah seperti

penyata kewangan atau laporanjualan yang telah disahkan olehpihak pengurusan atau lain-lain dokemen pengisytiharanberkaitan

1. 雇员姓名列表（限制100人）

2. 雇主银行对帐单（首页）3. 银行账号确认4. SSM注册文件5. 下滑超过50%营业额的

申明书6. 支持文件包括经过管理

层验证的财务报表和销售报告

Documentation Required 1. List of employees’ name

(limited to 100 people)2. Employer’s bank account

information (1st page)3. Bank confirmation on the

employer bank account 4. Copy of SSM incorporation

details5. Declaration of accounts which

shows sales decrease 50%6. Supporting documents include

profit or loss statement, sales report which already been verified by management

JAN 2020VS

SALES DROP 50%

FEB 2020 MAC 2020 APR 2020 MAY 2020 JUNE 2020

Based on our understanding: 50% decrease in sales will compare sales in January 2020 vs the following months, vice versa.

100k 40k 20k 0k

APR 2020

CASE STUDY : EMPLOYEE A SALARY RM2000

MAY 2020 JUNE 2020 JULY 2020 AUG 2020 SEPT 2020

Salary

RM2000WSP

RM600

Net：RM 1400 Net：RM 2000SOCSO/EIS calculation based on 2000

Employer cannot retrench, force employee to take unpaid leave and pay cut for a duration of 6 months

Employer

Apply ERPEmployment Retention Program

1. 雇员告知放无薪假（至少30天）是从3月1日起，2. 雇员有缴纳就业保险计划（EIS)3. 月薪4000或以下4. 雇主为雇员提出申请5. 雇主收到这笔援助金后，必须7天内，把600令吉转入雇员户口

1. Unpaid leave (30 days), beginning 1 March 20202. Employee contributed EIS3. Salary 4000 and below4. Application made by employer on behalf of employee5. Payment 600 will be credited to employer’s account.

Employer must credit the payment to employee within 7 days

RM600 / month


1. 先看政府指南怎么说：

要不然？雇员举报你

Ref : MOHR FAQ 1

Let’s see what the MOHR FAQ says:

Otherwise, employee can lodge a complainPay in Full


(3) I thought employer must make full salary?

WSP（600/月 x 3）

ERP （600/月 x 6）

Please take Good Care of Yourself !Please don’t collapse

(4) Employees are pitiful. What can I do?


Bantuan Prihatin Nasional

SCAM !!!!


Akaun 2 : RM500/12月

Cash LiteBalance Transfer

à

Withdraw credit limit

hire purchase / housing loan deferment

Balance transfer 1 credit card balance to another & pay in instalment

i-Lestari : RM500 per month (12 months) from Akaun 2

Apply Batuan Prihatin Nasional (BPN)

MAC 2020 APR 2020 MAY 2020 JUNE 2020 JULY 2020 AUG 2020

50k 20k? 20k 100k

(5) Projecting for your next 6 months

100k 100k

SEPT 2020

100k

Projected Cash FlowExtend Credit Term

Clients unable to pay in short term

25k 10k 10k Preserve Cash

InnovationDigitalisation


MAC 2020 APR 2020 MAY 2020 JUNE 2020 JULY 2020 AUG 2020

50k 0k 0k 0k 100k 100k

SEPT 2020

100k

Projected Cash FlowFor the Worst Case Scenario

25k 0k 0k

(5) Projecting for your next 6 months

Preserve Cash

InnovationDigitalisation


Prepare for a Market Rebound

Recovery

ConservativeRebound

Every Bosses are April Fooled

SME does not enjoy much of these assistance Businesses are still paying for

all the monthly operating costService Line is suffering as they need to support all the employees These bosses are not

entitled to any benefit

New businesses are not getting any support

Many businesses have decided to stop the bleed

by closing down


It is the best time to test the teamworkTime to understand each other

Please be Considerate



Before Q&A

www.sql.com.my/bip

Thank you very much


保持乐观！Stay Positive ! Stay Hopeful !


联络我们WE ARE READY TO ASSIST

W: ancgroup.bizBIP : bip.ancgroup.bizFB : ANC Group of Consultants

Contact+603 - 9213 1602 +6011 - 1217 8183

ANC Group (KL)D-21-07, Menara Suezcap 1, Gerbang Kerinchi Lestari,No. 2, Jalan Kerinchi, 59200 Kuala Lumpur.

[email protected]

ANC Group KL | Selangor | Kedah | JB

SecretarySandra Lee

[email protected]

LegalSeah

[email protected]

BPO & TaxSong Liew

[email protected]

International Tax

Wang Choo Jad

BPO & TaxIvy Chan

[email protected]

Documents

Thank You - Best Accounting Software Malaysia | Free