Balancing a side hustle with your day job in Malaysia? Make sure to stay tax compliant with these simple steps:
1️⃣ Tax Form Usage: Register your business with SSM and when it's time for taxes, grab the B Form. It's specifically designed for individuals with business income.
2️⃣ Detail is Key: Fill in all required information, including your business and employment income, as well as any losses or expenses. Accurately reported expenses can reduce your tax bill, so don't overlook these.
3️⃣ Save Your Receipts: Once you've filed and paid, keep those receipts. They're your financial safety net if LHDN comes knocking for an audit.
Short and sweet, right? Keep everything documented and when in doubt, check with a tax expert or the LHDN website for the full scoop.
#PEGH #Investments #Malaysia #PotentialExcelerateGroupHolding #LHDN #BusinessTax #SideBusiness #IncomeTax
1️⃣ Tax Form Usage: Register your business with SSM and when it's time for taxes, grab the B Form. It's specifically designed for individuals with business income.
2️⃣ Detail is Key: Fill in all required information, including your business and employment income, as well as any losses or expenses. Accurately reported expenses can reduce your tax bill, so don't overlook these.
3️⃣ Save Your Receipts: Once you've filed and paid, keep those receipts. They're your financial safety net if LHDN comes knocking for an audit.
Short and sweet, right? Keep everything documented and when in doubt, check with a tax expert or the LHDN website for the full scoop.
#PEGH #Investments #Malaysia #PotentialExcelerateGroupHolding #LHDN #BusinessTax #SideBusiness #IncomeTax