Similar Posts
ABSS Accounting & ABSS Premier v30
ABSS has released v30 of both ABSS Accounting and ABSS Premier to ensure compliance with the increase of Service Tax rate from 6% to 8% from 1st March 2024. For more details on the increase, see Service Tax 2024. The new releases include the following service tax codes: D08 Service tax 8% on own use…
Accounting v28.3 and Premier v23.3
Released June 2020 In this release, ABSS have made compliance updates to Sales & Service Tax (SST) reports as well as introduced enhancements. Compliance updates SST02 include overdue Service Tax New checkbox “Include Overdue Invoices Since 1-Sep-2018” added to allow user capture past overdue invoices from SST effective date (1st Sept 2018) onward. User is…
LHDN Payroll Audit
From January 2019, LHDN began requesting selected employers to provide payroll details for audit. Employers who received notification were required to provide: Employee Master File Payroll Register, and, Payroll Chart of Account. With the release of ABSS Payroll v11 in January 2020, you can now generate the LHDN Audit file when required. To access this…
ABSS Payroll v10
Tax Relief Updates Contribution to Employee Provident Fund (EPF) and life insurance premium is now separated as follows: Contribution to EPF – up to RM4,000 Life Insurance Premium – up to RM3,000 Net savings in SSPN – increased up to RM8,000 Removal of Tax Relief for Housing Loan Interest Paid Compliance Update In compliance with…
ABSS financial analysis report
With the release of ABSS Accounting v28.3 and ABSS Premier v23.3, ABSS included a financial analysis report. This report helps business owners understand how their business is performing and identify areas that would need improving. Before you can start using this report, you will need to set it up within your company file. Edit account…
Accounting v28.8 and Premier v23.8
ABSS Accounting v28.8 ABSS Premier v23.8 Released March 2021 In this release, ABSS has extended the tax code, company name character limits, and improved time for report generation. Extended Tax Codes characters limit To cater to the various length of the tax code characters provided by the authority, ABSS have extended the maximum length of…