it has been in the bank account so 5 years....

So can i write bonus on form B?

No need declare any extra income in next Form B
It’s not new income from this year

It’s income from past few years which is already declared and paid tax on in past few years form B

Already clean and taxed money, already considered your money can just take out. You’re just transferring your money from one bank account to another basically, not considered new income

But have to make sure lah past few years been declared properly and proper taxes paid

This post has been edited by DogeGamingPRO: Jul 3 2025, 06:45 PM

Understand

Just use MAE apps transfer money from company account to personal bank account right?


Why my accountant said cannot anyhow withdraw many amount of money?

Usually scared trigger anything from bank or LHDN side, just in general need to be careful it’s not wrong when it comes to large amounts of money

So that’s why need to make sure the previous Form Bs all done properly and conlanfirm taxes already paid on that amount of money, and got proper records of where the money came from then nothing to worry.

Since sole prop is not separate entity, if u made 100k last year and declared in Form B and paid taxes on it, that’s already considered your money and u are free to withdraw to your personal account or whatever. Just mark as withdrawal

This post has been edited by DogeGamingPRO: Jul 3 2025, 07:10 PM

just write a voucher and state fund withdrawal... it will be ok.. don't forget there's a maximum of rm3000 tax free for EPF/PRS contribution yearly, so every year, write a voucher and pay rm3k to his epf too..( provided he doesn't have to pay insurance, as the 3k encompasses this figure.. ask the accountant for clarification).. there's some personal perks for electronic gadgets rm3k every 3 years which he can use too

Creative accounting

it's provided by LHDN..,personal is rm9k for all these but keep vouchers/bills as proof, married/kids etc are also another form of tax relief..(refer your accountant for details)..

Do you know 2025 can just withdraw from bank?

This post has been edited by plouffle0789: Yesterday, 03:11 AM

no issue, bab sole proprietor.
kalau sdn bhd, lain crita...

But accountant ask the boss how they should write in lhdn borang b wor?

wtf borang B ...

DR Advance to Owner
CR Bank Account

Both balance sheet la

borang B only PL

sole proprietorship mah

? the accountant asked this question?.. do they have the required qualifications n experience? or just book keepers?.. this is necessary, as you have to check all previous years work, which they had been submitting to LHDN..
in normal cases, they know what to do n advise you if the voucher was incorrectly filled

Just keep all receipts for tax purposes, your business account can be zero also no issue.

last time, gua withdrew 50k first from company acc. after a week, withdrew another 100k. then another week later, withdrew 100k again. no declare i/tax after that. one time off...

in the benining got put in capital?

btw sole pro tak payah susah la. ambil saja.

What does an accountant usually fill in for the LHDN before April every year (if the company boss withdraw RM 80,000 one time at october) ?

for sole pro ur account got no difference with ur personal. fill in apa pun sama. sole pro account if u take money without receipt/invoice means director use. write wat aso no use.

Best is put it as company pinjam to director.. haha.. interest free loan