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 Income Tax Issues

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lostasylum
post Feb 23 2010, 11:29 AM

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hey guys.. i would like to find out how much it would cost to get a tax consultant to get your taxes done for Borang B (not BE)? Anyone got recommendations and ball park figures?
lostasylum
post Feb 25 2010, 05:57 PM

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QUOTE(guanteik @ Feb 25 2010, 01:36 PM)
@lostasylum
It depends on your business complexity. If you have large business, you would want to try those large firm like PWC, Deloitte...

Else, any freelance can do it for you...
*
if large business, i don't think they'd be filling in borang B right? heheh...
any freelancers to recommend?
lostasylum
post Apr 12 2011, 11:31 AM

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i have a few questions with regards to income tax:

1. if i have rental income, do i still fill in borang BE, or do I start filling in borang B already?
2. if i am employed, but own a business as well, do i need to fill in both borang BE and B, or do i just put everything into borang B only?
3. i heard that if i bought a property last year (i.e. all the documents are signed and processed in 2010), there is some tax relief?

sorry for the noob questions... thanks!
lostasylum
post Apr 12 2011, 05:01 PM

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QUOTE(lostasylum @ Apr 12 2011, 11:31 AM)
i have a few questions with regards to income tax:

1. if i have rental income, do i still fill in borang BE, or do I start filling in borang B already?
2. if i am employed, but own a business as well, do i need to fill in both borang BE and B, or do i just put everything into borang B only?
3. i heard that if i bought a property last year (i.e. all the documents are signed and processed in 2010), there is some tax relief?

sorry for the noob questions... thanks!
*
can anyone help me with my queries?
lostasylum
post Apr 13 2011, 09:21 AM

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QUOTE(vin_ann @ Apr 12 2011, 05:14 PM)
1. Rental Income - it can be either classified under Rental Income Section 4(D) where you still can use Borang BE or Business Income Section 4(A) where you got to use Borang B.

if you are own more than 3 residential houses collecting rental or 1/2 commercial units, you will falls under Section 4(A) - Business income (Borang B)

2. as long you have business income, its Borang B.

Borang BE is only for empolyment income only.

3. Sorry cant help, as no follows up closely on updates.
*
thanks for the clarification vin_ann. it's really helpful... now, if someone can help me out with the tax relief for properties purchased in 2010...


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