Our profile and service plan

OKP GROUP

ARE YOU READY FOR GST ?

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Contents

▪ About Us

▪ Our Team Members

▪ Preparation for GST

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About OKP Group

OKP consists of a network of independent chartered accounting firms, secretaries firm, licensed tax agents and business advisers. At OKP, you are being served by the combined experience of more than 30 years of providing efficient, cost effective, accurate and high quality professional services. We are more than just accountants.

We set out to understand all aspects of your business so as to enable us to advise you on matters which we consider may increase operational efficiency, profitability, or tax efficiency. On any assignment given to us, it is our practice to inform you our recommendations for improving your internal controls, business processes and operating procedures.

You can free up your time to concentrate on your core business activities by engaging us to add value to your business through the following services offered to you:

To deliver on this promise, the company either employs or partners with hundreds of Subject Matter Experts (SMEs) assisting clients with services such > Audit & Assurance> Corporate Secretarial> Tax Services> GST Advisory Services> Administrative Outsourcing> Accounting Services

OKP Group employs the best and brightest in the accountancy field, backs

them up with proven processes, and maintains an overall focus on the

business relationship we have with our clients.

Our clients mainly consist of small to medium size enterprises. We provide the perfect combination of people, process, and service. Ask us for references. You’ll find our clients stay with us, because we deliver results and stand behind our work. Through detailed reporting, professional best practices, and guaranteed service levels, OKP Group continues to grow and enjoy lasting relationships with its clients.

We have an office in Bandar Sri Menjalara, Kuala Lumpur, along with an extensive network of local affiliates specializing in different fields. This enables us to deliver complete range of services to our clients in different industries. At the heart of our success is the practice of working closely with our clients to provide creative, strategic, and development services that assist them in meeting their business objectives.

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What We Do

At OKP Group it is important to know what that company is all about: What products the company sells; what services it offers; what the company does. But, it is equally important to know who the company is: What are the company’s values? What is the company vision? What direction is this company moving toward?

Our people are our most important and valuable asset. We passionately pursue trust relationships with our employees, partners, and clients. We work to ensure the success of our company by ensuring the success of our employees. OKP Group constantly offers opportunities to our employees, such as education services and industry certifications. We provide the proven skill and industry knowledge to our clients, ensuring high-level and low-cost solutions.

OKP Group's primary focus is directly on the people we hire to serve the companies we support. No matter where you are located or what your challenge is, OKP Group Services' team can help embrace your goals.

Audit & Assurance> Auditing historical financial statements for statutory and non-

statutory purposes> Agreed upon procedures tailored to your specific needs> Review and compilation of financial statements

Accounting & Outsourcing Services> Bookkeeping and management reporting, particularly for those

require accurate and on-time monthly reporting of management accounts

Corporate Secretarial> Incorporation of new companies under the Companies Act 1965> Maintenance of statutory records, attendance at meetings of

directors and shareholders, preparation of minutes and other compliance services

> Provision of nominee directors and shareholders, company secretaries, bank signatories and registered office facilities

Tax Services> Compliance, tax advisory and tax planning for corporations,

registered bodies, partnerships, joint ventures and individuals (including expatriates and non-residents)

> Real property gains tax> Stamp duty exemptions> GST Advisory Service

Who We Are

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Our ValuesPeople Matter

At OKP Group Services, our people are our most valuable asset. We passionately pursue trust relationships with our people and we reward hard work and encourage and enable our people to achieve their goals through Servant Leadership. We celebrate individuality. Each individual contributes differently to build a diverse work environment filled with an abundance of skills, talents, knowledge, and creativity.

We encourage lifestyle balance because we all work to live.

Clients MatterWe love our clients.

We want insanely happy clients. Happy clients are satisfied for the moment, whereas insanely happy clients build lifelong relationships. We over-deliver on our promises. An abundantly satisfied customer is our greatest marketing tool. Abundant satisfaction is a result of trust. Trust is at the heart of every successful customer relationship.

Principles Matter

We stand on principle and integrity in everything we do. There is no substitute for integrity. It takes years to build and only a moment to destroy.

Do the right thing, at the right time, for the right reason.

Values are those internal emotions and core beliefs that set the tone for how we

will act and what motivates us to take action. Our values help us determine

what matters.

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Our Vision

We strive to be: The Preferred Employer

• OKP Group is a place where people grow and thrive. • Our culture is simultaneously fun and challenging. • We enable and celebrate personal achievement.• Our people are equipped for success with knowledge, information,

and tools.

Our company believes in Servant Leadership.

We strive to be: The Preferred Business Partner

• Our clients and alliances trust us, and we never take that for granted.

• We deliver transformational services through the technical leadership, innovation, and knowledge capital of our people.

• We have a stake in every relationship. We share the risk and invest resources to create the reward.

• Our clients can depend on us to be good stewards of their investment. They know we practice integrity in all of our business dealings.

We encourage our employees to actively pursue their personal, financial and career goals. Choose a direction, focus on your goals, and we will help you attain them

Vision is organizing and operating in such a way that we continuously live out our values.

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Direction, these are the short-term, specific and measurable actions, or initiatives, that we take to support our business.

• Proactive Employee Communication• Improvement of Employee-Focused Programs• Servant Leadership Development• Spreading of OKP Group Culture• Development of Empowering Processes

We encourage our employees to actively pursue their personal, financial and career goals. Choose a direction, focus on your goals, and we will help you attain them.

Our Direction

Servant Leadership

Servant Leadership is a practical philosophy which supports people who choose to serve first and then lead as a way of expanding service to individuals and institutions.

Servant leaders encourage collaboration, trust, foresight, and listening; they teach through example, consistent feedback, and personal guidance.

Servant Leadership means that it is each person’s responsibility to be a leader, to set a positive influence, and educate through example. This is how we all grow and this is OKP Group culture.

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Some of Our Clients

FOLIO APPAREL SDN BHD - FASHION RETAILER

FOTO FLASH SDN BHD - CAMERA RETAILER

GAMER'S HIDEOUT SDN BHD - COMPTER GAME RETAILER

ID HYDAULIC SDN BHD - CONSTRUCTION

AG TECH MARKETING SDN BHD - INDUSTRIAL MATERIAL WHOLESALE

H.S.T. AUTO SPARE SDN BHD - AUTO SPARE PART WHOLESALE

MHWA AUTOMOBILE SDN BHD - SECONDHAND CAR DEALER

BRAINWAVE CHANNELS SDN BHD - EVENT ORGANISER

LEADERPLAS MACHINERY (M) SDN BHD - MACHINERY DEALER

SIN TONG HWA TRADING SDN BHD - PRINTING INDUSTRY

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Our Partner

YIP & Associates (AF 1265) is wholly owned and run by Malaysians, high ethical standards and attending to client's needs, YIP & Associates, an established firm of professional business advisers since year 2000.

OKP Group is Yip & Associates premier partner. Through this partnership OKP Group delivers audit and assurance services for clients throughout Malaysia.

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Contents

▪ About Us



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Our Team

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Our Team

YIP BENG FATT CA (M), FCPA (Aust), ACTIM, B. Econs.

Tel: +603 4142 4151Email: [email protected]

Yip is the Chartered Accountant, founder and managing partner of Yip & Associates. He is a member of Malaysian Institute of Accountants (MIA), member of Chartered Tax Institute of Malaysia (CTIM) and Fellow member of CPA Australia. He graduated from Monash University, Australia with a Bachelor Degree in Economics. He has 20 years of experience on business assurance and advisory on corporate governance related issue. He is a licensed tax agent as well as a qualified auditor. He has been presenting on GST topic at various in-house workshops, public seminar and conferences.

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Our Team

CHONG TAI SAN CA (M), FCCA, ACTIM


Chong is a member of the Malaysian Institute of Accountants (MIA), a fellow member in the Association of Chartered Certified Accountants (ACCA), and an associates member of the Chartered Tax Institute of Malaysia (CTIM). He has over 18 years of working experience in public practice particularly in the area of financial reporting for public and private entities, corporate governance and risk assessment, audits and company secretarial practice.

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Our Team

CHIN WAI LENG L. Secretary (SSM)


Chin is highly experienced with over 15 years of professional experience in public accounting, auditing, tactical-based tax compliances including tax audit, tax Investigation and service tax matters. She is also practicing licensed company secretary under Suruhan Syarikat Malaysia (SSM). She has completed and passed the GST modules examination organized by the Royal Malaysian Customs and applied to become GST tax agent under GST Act 2014. She has hands-on experience in preparing Malaysian companies for GST compliance, implementation and presentation of seminar for in-house training.

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Our Team

ALEX KUAN WEE HONG CA(M), FCCA, ACTIM


Alex is a member of the Malaysian Institute of Accountants (MIA), a fellow member in the Association of Chartered Certified Accountants (ACCA) and an associates member of the Chartered Tax Institute of Malaysia (CTIM).

He has over 18 years of working experience in public practice particularly in the area of financial reporting for public and private entities, corporate governance and risk assessment, audits and company secretarial practice. He has completed and passed the GST modules examination organised by the Royal Malaysian Customs and applied to become GST tax agent under GST Act 2014.

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Our Team

DENNIS OOI KOK PEOW CA(M), FCCA


A Chartered Accountant, Dennis has more than 14 years of experience in providing professional accountancy services. Previously served as an interim middle-level executive from 2001 to 2005 involving in the corporate restructuring projects of three public listed companies and a start-up project of an IT company, and then as a Manager in the Transaction Advisory Services, Ernst & Young, Singapore from 2005 to 2006.

He has also worked on many audit and assurance engagements when he started his career in Deloitte, Kuala Lumpur, after completing the ACCA examination in 1999 at the age 21. He was specialising in manufacturing, plantation, banking, property development, trading, shipping and freight forwarding industries, besides experience in special assignments including financial due diligences, and investigation of irregularities in the corporate banking department for a financial institution.

Dennis has recently obtained the GST certification issued by the Royal Malaysian Customs Department for GST Practitioners in Malaysia. He conducts training on Goods and Services Tax implementation issues.

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Contents

▪ About Us



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Taking the Next Steps

Registering your

Business

Filing Tax Returns

Issuing Tax Invoices

Accounting for GST

Offences

Claiming GST Refunds

Input Tax Credit

Mechanism

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Preparing for GST

This widespread impact of GST on the entire organisation means that it will impact the competitiveness ofyour business. The business issues that warrant attention are as illustrated:

• Impact on cash flow• Identification of transaction and GST liability• Maximisation of input tax credit

• Effect on demand• Pricing strategies• Impact on current contracts

• Registration & Compliance• Cancellation of sales and service tax

licences– potential audit?

• End of sales tax facilities• Preferential vendors under

GST

• Education and communication

• Employee fringe benefits policy

• Group structure review

• Systems changes for GST compliance

Sales and Marketing

Finance and Administration

Procurement

Accountability Business efficiency

Information Technology

Goods & Services Tax(GST)

Human Capital

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How We Can Assist You in GST Preparation

Phase 1: Planning and Impact Study (Duration: Nov 04 to Dec 04)

Objective> Ensure proper project set up for the implementation > Understand GST impact on business transactions

Scope> Advice on resources required for the GST implementation project> Conduct GST awareness training among internal stakeholders across the business> Identify, analyse and prioritise issues to be addressed when GST is implemented using

customised tools and templates> Develop high-level implementation plan, divided into individual work streams

Output> GST impact study presentation kit > GST implementation plan

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How We Can Assist You in GST Preparation

Objective> Working together with your team to ensure that your company is GST compliant come 1st April 2015

Scope> Refinement of detailed implementation plan to factor external changes> Comment and develop strategies for the contracts spanning GST live date> Advice on specific GST requirements on documentation> Advice and provide suggestions on business policies and procedures impacted by GST> Conduct education and training programme for employees> Propose a communication programme with customers and suppliers> Application for GST registration> External communication with authorities to clarify on contentious issues

Output> Completion checklist (GST manual)> Overall IT systems ‘readiness’> Review of first 2 monthly GST return> Monitoring and follow through of GST implementation

Phase 2: Implementation and Technical Support (Duration: Jan 05 to Jun 05)

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OKP Group

Within a world of choices, OKP Group has distinguished itself as a preferred provider of accounting services. Our aim is to alleviate your concerns regarding the accounting and administrative side of your business and free you up to have more time to focus on what you do best!

We set out to understand all aspects of your business so as to enable us to advise you on matters which we consider may increase operational efficiency, profitability, or tax efficiency. On any assignment given to us, it is our practice to inform you our recommendations for improving your internal controls, business processes and operating procedures.

You can free up your time to concentrate on your core business activities by engaging us to add value to your business through the following services offered to you:+ Audit & Assurance+ Corporate Secretarial+ Tax Services+ GST Advisory Services+ Administrative Outsourcing+ Accounting Services+ Financial Analysis

Want to be GST ready……...Contact Dennis Ooi

+6012 577 5595 (Whatsapp me)[email protected]

Office:c/o Magnawise Services Sdn Bhd56-2-1, Jalan Medan Putra 3Medan Putra Business CentreBandar Sri Menjalara52200 Kuala LumpurMalaysiat +603 6272 3290 f +603 6272 4299

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Thank You

Terima Kasih

धन्यवाद

谢谢

ありがとうございました

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Our profile and service plan

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