Compass Taxation Program© Compass
Enterprise Sdn Bhd By TT
Soon
The Compass Taxation Program is a tax compliance program specially written for tax professionals by a practising accountant. It is designed specifically to handle almost the situations and circumstances that a small to medium sized firm will encounter in the course of its normal routine work.
The Program is extremely flexible and easy to use. Minimal training is required. In fact, a person with basic tax knowledge can begin to use and prepare his first computation using the program within the hour.
Satisfied
users have reported savings of nearly 80% and above in the time spent for
the preparation of the tax computations and the supporting
schedules. There is therefore no need to work overtime.
Checking the computations for mistakes is also very easy since the
computations are now standard in layout. The need for typists is
also eliminated as your staff can now prepare the whole computations
himself. No more drafting it out on paper and sending it to the
typing pool for it to be typed and called over. 
The program will assist in the preparation of the various computations and schedules required in the submission of the tax returns of the Clients of the firm. All necessary schedules can be prepared using the program. The program will also function as a simple word processor and will assist in the preparation of letters. You can use the program to generate simple enclosure letters (both to the Assessment Branch or Collection Branch). The addresses of the various branches of Inland Revenue Board are also provided for easy reference.
You can
also create standard letters which the program can use as a template for
the purposes of creating letters for the IRB or your client.
The program can be used to prepare the following computations:-
- Tax computation for Companies
- Tax computation for Individuals
- Tax computation for Partnerships
- Tax computation for Businesses
- Tax computation under Section 60F
- Real Property Gains Tax Computations
The time spent in preparing any of the above
Computations can be reduced to 2 minutes from what would normally take 30
minutes or more. In addition, the program is SENSITIVE
to the respective year of assessments. The appropriate rates
are used depending on the year of assessment selected when preparing the
computations.
* All Computations and Schedules can be
printed in either Bahasa Melayu or English.
The program has been revised to cater
to Y/A 2000 tax exempt year and will support tax computations from Y/A
1989 to Y/A 2000.
The following schedules which are almost a standard requirement in the submission of tax returns are prepared using the program:-
- Additions To Fixed Assets
- Capital Allowances Computations
- Analysis Of P & L Items
- Hire Purchase Schedule
- Income & Expenditure Schedule
- Rental Schedule
- Interest Restriction Schedule
- Section 108 Schedule
- Part H (Particulars of Shareholders)
- Dividends
- Schedular Tax under PCB
- Taxation Account
- Bonus Restriction Schedule
-
Part O & P
* All Computations and Schedules can be printed either in Bahasa Melayu or English.
The cost of the Program is as follows:-
Annual Licence Fee Basis
-
Annual Payment of RM1,000 per copy/user due 31st December of each year only.
-
Discounts will be give for second and subsequent copies installed at the same premises.
-
No maintenance fee.
-
You may discontinue the use of the program at any time. However, there will be no refund for any unexpired period.
Outright Purchase Basis
-
Cost of 1st copy/user of the program is RM3,500.
-
Discounts will be given for the second and subsequent copies installed at the same premises.
-
Annual maintenance fee of 10% of cost of program.
The above covers all free updates and the provision of
telephone support only. On site support is chargeable
separately. Updates will only be sent by email or downloadable from
the Net.
Some of our satisfied users include the following firms:-
-
Comprehensive Tax Services Sdn Bhd
-
Soon and Company
-
Khoo and Company
-
Rabinraj & Partners
You can call or email to us and we will be happy to
provide you with the contact person and telephone numbers of those firms
and many others that are currently using the program so that you can personally talk to them on the benefits that they have
derived from using the program.
You may contact us by email, fax or by telephone.
Our address and telephone numbers are as follows:-
COMPASS ENTERPRISE SDN BHD
69-1 Jalan Mega Mendung
Komplek Bandar
58200 Kuala Lumpur
Tel: 03-79833677, Fax: 03-79832462
Contact Person: T T Soon
Our email address is
ttsoon@fmsb.com.my
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