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Tax Com for Investment Holding and Manufacturing
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Designed for two types of
standard tax computation: Investment Holding and Manufacturing. Each has different setup and
automated ways to link from schedule. |
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Featured with New Tax Year for
bringing forward all the relevant tax data to the next year. |
Tax Com Notes
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Each of the standard tax com
notes, such as Adjustment on the Balance of Capital Allowance and Section 108 Credit (Existing)
play a different role and is dynamically linked from tax schedules, P&L schedule and other tax com
notes. |
Income Statement (Profit and Loss Statement) for Single Tax Year and Multi Tax Year
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The Income Statement can either be Single Tax Year or Multi Tax Year (2 Tax Year), according to each
individual company’s tax com. Each statement has unique methods and types of computation. |
Form C
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The Form C module is used for computations of tax payable, summary tax and payments, statutory
income form business, special deductions, etc. The report will be printed in accordance to the format specified by the
Inland Revenue Board of Malaysia. |
Index to Tax Computation
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The Index to Tax Computation module is used for comprehensive index management for all schedules.
Tax agents are able to use it to manage all the links between schedules such as Schedule Type A, B, C,
Income Statement, Fixed Asset to Main Tax Com, etc. |
Tax Scheduler
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Schedule Type A: Standard format with description and amount column. Includes a special Add Back function, linking item or total
to Tax Com / Tax Com Note function. |
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Schedule Type B: Standard format with description and amount column, including a multi-section function. Also includes a special Add
Back function, linking item or total to Tax Com / Tax Com Note function. |
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Schedule Type C: Dynamic format with user-definable columns, customisable column types (amount or description),
formula column (computation column), header description and multi-section function. Includes a special Add Back
function, linking item or total to Tax Com / Tax Com Note function. |
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Schedule Type D (Manual Type): Blank schedule for users to enter reference notes or other schedule formats. |
Tax Notes
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This module enables tax agents to create a memo or detailed breakdown computation. The created notes can be linked to other
schedules. |
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The Tax Notes module includes an Enhanced Note function which allows tax agents to enter the breakdown amount and provides control checking
and linking functions to other schedules. |
Dividend Income
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This module is comprised of three forms, which is Taxable Dividend, Tax Exempt Dividend and Overseas Dividend. Each
form has different computations such as currency rate conversion, tax rate and regross features (definable regross rate). |
ITA (Investment Tax Allowance) and RTA (Reinvestment Tax Allowance)
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Computation for the amounts of Investment Tax Allowance and Reinvestment Tax Allowance, including percentages. Footer Note functions are provided. |
Fixed Asset
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This module includes functions for Reconciliation, Addition of Fixed Assets, Reclassification of Assets, Summary of Qualifying
Expenditure, Summary of Deferred Claim, Hire Purchase, Lease Payment, Disposal / Write off and Capital
Allowance. |
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Computation for balance brought forward, addition and write off, etc. |
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Fully automated linking from Analysis of Addition schedule (Item and Amount) to the relevant schedules,
especially to CA schedule. |
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User-definable CA Group setup from Hire Purchase, Outright Purchase, Control Transfer, Non-Capitalized
and Itemized Outright. |
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Other features include Standard Disposal (including Sales Proceed), Special Disposal during the year,
QE (Qualifying Expenditure) rate computation, Deferred Claim, Deferred Reclaim, Hire Purchase Refinancing,
Revenue Expenditure, Non-Claim, Reclassification, etc. |
Reports
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Each of the schedules' reports can be previewed, printed and even exported to other file formats such as MS Excel, MS Word, Adobe PDF
and plain text. |
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Adaptable print settings provides users with the option to either print the draft copy report, print normal report or show / hide
report headers. |
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This module's flexibility enables users to select a range of records to print for Schedules A, B and C. |
System Setup
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The System Setup module provids additional options such 5 different QE rates, QE title, the ability to import old /
existing CA files (in MS Excel format), CA item and group setup, interest restriction and tax com settings. |
Security (User-Level and File-Level)
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This software features enhanced security features to prevent unauthorized users from accessing any confidential tax com files. |
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