Sunday, December 20, 2009

For any individual tax resident who earn less than RM35,000 can get tax rebate from Inland Revenue Board for RM400 and allowed for joint assessment also. For example,

Tax Computation for YA 20XX

Chargeable Income: Less than RM35,000

Tax payable (at scaled rate) xx
Less: Rebate: Self (Husband) RM400
Wife (joint assessment) RM400
Net tax payable

Sunday, December 13, 2009

Basic Taxation

Tax Computation

Net Profit
Add: Non-deductible expenses
Less: Double deduction expenses
Adjusted Income
Add: Balancing Charges
Less: Capital Allowances
Statutory Income
Less: Prior year losses
Add: Other sources of income
Aggregate Income
Less: Current year losses
Less: Approved donation
Total Income
Less: Reliefs (applicable only to individual tax payer)
Chargeable Income

Note: Any approved donation is restricted to 7% and 10% of aggregate income of an individual tax payer and company tax. YA2009 (amended) Income Tax Act 1967.

Thursday, December 10, 2009

7 step to a successful prayer

1) Desire it --- Desire that God will give you what you ask.

2) Decide upon it ---When you pray, believe that your prayer is answered.

3) Ask for it ---The more you pray, the stronger is your faith. ---If you ask and keep on asking, you will receive it. ---If you seek and keep on seeking, you will find it.

4) Receive it ---Receive it by faith that God has given you.

5) Speak it. ---In faith, tell others: I may be sick but in God i am healed. I may be poor but in God i am rich

6) See it. ---Vision is a very powerful thing. ---see that your prayer is answered.

7) Act on it ---we may have failures but God can turn a setback into a comeback. ---If God can raise Jesus from the dead, he can raise your life from the dead

Are u a cell leader in a church? Are u someone who has a certain leadership authority in ur church? Then, u got to receive the fire and passion to do His work. Are u dry in ur walk in Christ? Are u tired of living the christian life? Christianity is not a religion. Its all abt relationship with God, people.

Here are 7 guided keys to receive a revival:

Your life will never be the same again..

1) Draw near to God.
-When your hearts are open, God will come.
-Put away all other things and seek God only.

2) Repair your devotion to God
- Are you backsliding?
- Have you stopped your bible reading, prayer or stop attending cell grp?
- Go back to God

3) Get your life in order
- Keep ur life in orger with God.
- Live ur life by God's word.
- Get ur life in order with one another.

4) Give an offering
- When you bring an offering, don't bring spare change.
- Don't bring any offering tat u dun wan.

5) You got to make a sacrifice
- Give ur life to God and let God shape u into the person He wans u to be.

6) Release faith again and again
- Faith is ask and keep on asking
- Seek and keep on seeking.
- Knock and keep on knocking.

7)Pray for a miracle
- U got to have a backup.

~Steps to Effective Prayer :there are 7 steps which is....
1-Righteousness
2-Faith/Trust/Believe
3-Desire
4-Persistency
5-Obedience
6-Word of God
7-Service

Remember

1) Don't make promises you don't intend to keep or that would be sinful to keep
2) If you make a conditional promise, it is not binding unless the conditions are kept.
3) If you make a conditional promise, it is binding to keep the promise available until the stated term of the promise is kept, and if this is open ended, so be it.
4) If you make a promise by mistake, if your word is good, you will still do your best to keep it.
5) If you are able to keep the commitment, you should not lie and pretend you are unable. You are merely unwilling to honor your word.
6) If you are truly unable to keep your promise, do your best to make restitution.
7) Don't fake restitution or humility to get out of your word.
8) Live to tell God and everyone you wish to set an example for the value of your word, and the value of one's promise. Don't let it be said you are short on integrity in this.
9) If keeping a promise is costly, it means your word is more valuable.
10) One cannot promise to love God sincerely while breaking one's promise to love another person faithfully and enduringly. Nor make valid promises of love to one's children or other loved ones.

Your word is only as good as your promises and your promises are only as good as your word.

One cannot minister if his or her word has no value.

I Corinthians 13:7, "bears all things, believes all things, hopes all things, endures all things."

Luke 16:10, "He who is faithful in what is least is faithful also in much;..."

Saved To Serve=SUCCESS

Saved To Serve (MINISTRIES) = SUCCESS
7 Effective way of serving in ministries.
1. Sense of direction (Romans 15:20, Philipians 3:14)
2. Understanding / wisdom (Philipians 4:12) -learn to be content -working towards the goal
3. Commitment (Acts 20:24)
4. Compassion (1 Corinthians 13:3, Colosian 3:12-13)
5. Enthusiastic -eager to serve. (Philipians 4:13) -positive faith n zealous
6. Service -within God n people *focusing in to 2 way God n people. (2 Corinthians 12:5)
7. Staying power -(2 Corinthians 11:23,4:8-9)

Thursday, November 26, 2009

non of the accounts students remembered the consolidation accounts.

Wednesday, November 18, 2009

Exam is around the corner..urgh..started revision bit by bit. I still got taxation assignment to submit this coming Friday..3 more questions left.. Anyway my exam timetable:

3/12/2009, Thursday (9am-12pm) - Financial Accounting 5
4/12/2009, Friday (2.30pm-5.30pm) - Business Communication
8/12/2009, Tuesday (9am-12pm) - Taxation

Any entertainment please have it after 8th Dec,12pm.my brain been squeezed like don't know like what lately. Pray for me. - concentration and ability to understand the topics.

Thursday, October 29, 2009

There will be changes for my coming degree program. Why? Because the degree major in accounting and finance at University of Teesside offered does not fulfill ACCA requirements in terms of exemption given upon degree graduates. The total fee RM26,000++ without exemptions from ACCA is not worth at all. Now I am thinking which university college to enroll to get my further exemptions for ACCA and with well recognized degree. So..where?..where?.. I am for sure to persuade my degree after my diploma graduation instead of gain working experience. Hmm.. Will start hunting for it after my final examination finish. There is also another alternative which is to wait for the next intake that would be on Sept 2010. Why? Because the degree program is restructuring their units/modules to fulfill or to fit the ACCA requirement to get maximum exemptions which will be 5 papers including 4 more papers from diploma. So at the mean time, I have to find a job for 8months. Maybe in SEGi college provided if there give me higher pay. Hahaha. Will this happen to me with higher pay compare to previous pay from them? It seems unlikely due to the college wants to spend and maximize the utility of marketing people to get more students in. Sucks. Think about other staffs to create good welfare before you start to think bringing more students in!

p/s: I kind of don't like marketing people.

Friday, October 23, 2009

PTPTN convert into scholarship provided if graduate as first class honour or equivalent. Announced in budget 2010. Hmm..can I achieve that high cgpa in my degree?hmm



KrispyKreme Doughnuts nice!

Wednesday, October 14, 2009

I was late for 10mins to class. Guess what happened? I was marked as late comer and this indicated that my 5% of coursework marks - attendance been deducted. I don't know how much this lecturer would deduct. Why late? Was searching for parking lot and there is none left for me to park my car. Goodness.. So wasted 5mins and went to park in Summit. By that time 10mins already gone. So I was late. No excuse bla bla bla. Well first time ever kena this wei.. Anyway I found something interesting today in class where a handout given to me which is a sample of letter where 'I have fallen in love with you' written in it.It also written there sample of a modern love letter. This is how it goes ----------->

Dearest Samantha,

I HAVE FALLEN IN LOVE WITH YOU

I am very happy to inform you that I have fallen in love with you since Tuesday, the 17th August 2009. (Wow..one day before my birthday)

With reference to the meeting held between us on the 17th August 2009 at 1500 hours, I would like to present myself as a prospective lover. Our love affair would be on probation for a period of no less than three months and depending on compatibility, would be made permanent.

Of course, upon completion of probation, there will be continuous relationship training and relationship appraisal schemes leading up to promotion from lover to spouse. The expenses incurred for coffee and entertainment would initially be shared equally between us. Later, based on your performance, I might take up a larger share of the expenses. However I am broad-minded enough, to be taken care of, on you expense account.

I request you to kindly respond within 30 days of receiving this letter, failing which, this offer would be cancelled without further notice and I shall be considering someone else. I would happy, if you could forward this letter to your sister, if you do not wish to take up this offer.

Thanking you in anticipation.

Yours sincerely,

Max

End of letter

Saturday, October 10, 2009

Had Bah Kut Teh for lunch with Ms. Helena, my faculty's dean and Chris at Klang opposite Klang Parade. What a good combination of wet and dry pork meat man. Still remember that shop that I used to makan at with my late father. We had Bah Kut Teh all the time whenever that we shopped at Klang Parade without fail. Mana tau the Bah Kut Teh shop is still there.lol.. Indeed, we had good lunch there.good lunch wei.

Thursday, October 08, 2009

Results:

Financial Accounting 4 B-
Business Finance B
Introduction to Taxation A
Corporate Audit A
Company Law B

GPA: 3.34
CGPA: 3.59
Remarks: CGPA dropped 0.07
This semester's timetable:

Monday 8.30am-11.30am: Taxation
Tuesday 8.30am-11.30am: Financial Accounting 5
Wednesday 12.00pm-3.00pm: Business Communication
Thursday 8.30am-11.30am: Financial Accounting 5
Friday 2.30pm-5.30pm: Taxation

There are both tough units/subjects which are Taxation and Financial Accounting 5. It is the so called toughest units in this level. 2 more months to go - graduate. aLL dA Best to me la.lol
Aiye. Exam result out later at 3pm...

Monday, September 28, 2009



It is not the end! Don't give up! He has brought a wonderful encouragement message to everyone.

Sunday, September 27, 2009

arghh!class starts tomorrow!

Friday, September 25, 2009

few more days left to start my class!