What Is Tax Rebate?

The example in the previous chapter shows a tax amount of more than RM4,000 – that’s quite a big sum. But this may not be your final tax yet. The last step you can make to reduce your tax is through tax rebate.

Most people confuse income tax rebate with income tax relief. The difference between the two is: a tax relief is deduction from the total income to derive your chargeable income, whereas tax rebate is deducted from the actual taxed amount.

Tax Reliefs For Year Of Assessment 2016 (Tax Filed In 2017)

What is a income tax relief? Tax reliefs are set by LHDN, where a taxpayer is able to deduct a certain amount for money expended in that assessment year, from the total annual income. These are for certain activities or behaviours that the government encourages or even necessities or burdens to lighten our financial loads.

For income tax Malaysia, tax reliefs can help reduce your chargeable income, and thus your taxes. If planned properly, you can save a significant amount of taxes.

In our example, a taxpayer would have been taxed about 10% of his total chargeable income of RM84,300 if he had claimed no tax reliefs at all.

However, with the self & dependent tax relief of RM9,000, life insurance & EPF relief at RM6,000, his total chargeable income is now RM69,300, hence, he would only be taxed about 8% of his chargeable income.

10 Little Stories About the True Power of Love

Sometimes, life produces the kinds of situations and events that no Hollywood scriptwriter could ever dream up. Comical, ambiguous, unpredictable, tragic — life is such a multifaceted thing. But whatever happens, there’s always space for love, kindness, happy occurrences, and simple wonder.

We at gathered together 10 powerful stories that will hit you right in the heart.

What To Consider When Starting an E-commerce Business

With the advance in technology and the internet, people are opting to start an online business as opposed to working a 9 – 5 job every day. The idea is especially tempting if you have a nasty superior micromanaging you and watching your every move like a hawk!

Starting your own e-commerce business and become your own boss? What could be better? However, it’s not something you should just jump straight into.

You guys are in luck today, because here are five essential points to take into account before starting an online business.

 

10 Free Marketing Tools Every Entrepreneur Should Know About

If you’re an entrepreneur, bootstrapping a business, then you understand the importance of every dollar.

While executing your core competency is a crucial factor to your business’ success, another important step is effectively marketing your business. Fortunately, there are hundreds of free digital marketing tools that can greatly impact your business. Below are a few of the best, free online marketing tools for entrepreneurs.

15 Buku Untuk Cabar Pemikiran Anda

Seperti mana ada yang sukakan aktiviti cabaran fizikal seperti rock climbing, water rafting, para-gliding dan lain lain, pastinya ada diantara kita yang sukakan bacaan yang mencabar pemikiran, yang bertentangan dengan pendapat peribadi sendiri atau norma masyarakat. Terminologi thought provokingselalu digunakan untuk menggambarkan buku buku sebegini.

Selain daripada unsur unsur thought provoking, sesuatu bacaan yang mencabar ialah apabila ia sarat dengan kronologi peristiwa, fakta dan terma asing dalam subjek yang bukan bidang kepakaran kita.

Kesemua bahan bacaan yang mempunyai unsur dinyatakan di atas, jatuh dalam kategori mencabar pemikiran pembaca. Ianya baik untuk mencambahkan corak berfikir, memahami perkara atau konsep baru dan dapat berpartisipasi dalam proses berfikir yang digarap oleh penulis. Lazimnya pembaca tidak perlu setuju 100% dengan argumen yang dibawa oleh penulis. Ini kerana konten buku adalah untuk merancakkan percambahan idea tanpa obligasi untuk bersetuju sepenuhnya dengan penulis. Budaya ini adalah sangat baik untuk melatih pembaca meraikan pandangan dan sudut fikir orang lain.

Kami senaraikan 15 buah buku yang akan mencabar pemikiran anda dari segi, penerimaan & kefahaman fakta, kronologi, terma kewangan, sejarah, serta sudut pandang sosial yang berbeza atau kata lain, thought provoking.

Inilah 8 Amalan yang Mendatangkan Syafaat di Hari Kiamat. SHARE Semoga Bermanfaat Pada Orang Lain Juga..

Rasulullah SAW merupakan pemimpin yang sangat dicintai oleh umat muslim. Beliau sentiasa mengajarkan amalan kebaikan serta memberikan ganjaran berupa memberikan syafaat bagi orang yang Allah dan beliau kehendaki. 

Syafaat yang diperoleh seorang muslim akan menjadi saksi amalan kebaikan baginya saat di hari kiamat kelak. Banyak orang yang beranggapan bahawasanya untuk mendapatkan syafaat dari Rasulullah adalah dengan berziarah ke makam beliau.

Padahal yang demikian ini tidak pernah diajarkan oleh Rasulullah sendiri. Beliau justeru memberi tahu mengenai amalan yang dapat mendatangkan syafaat di hari kiamat kelak. Lantas amalan apa sajakah yang dimaksud? Berikut informasi selengkapnya.

How Small Businesses Can Prepare for Marketing in 2017

The best way to prepare mentally for marketing in 2017 is to start fresh, with a clean slate. For the moment, forget about what you accomplished and failed to accomplish with your marketing in 2016; set aside all the baggage of frustrations and disappointments you picked up along the way. Think as if you are starting from scratch and ask yourself: What is the one thing we must accomplish with marketing in 2017?

That is really the key question. Small businesses have limited resources -- limited funds and limited time -- so focus is of the essence! Many small businesses go around in circles with marketing because they dabble, trying to do a little bit of everything instead of trying to do one thing really well. Avoid this trap and you’ve already got a leg up on the competition going into 2017.

Will You Be Able To Keep Your Home If You Lose Your Job?

After saving for years to buy your home, it seems too careless to lose it because of disability, illness or retrenchment. If you don’t have a plan B for these instances, how will you be able to make your home loan repayments?

Disability and death are covered by Mortgage Level Term Asssurance (MLTA) or Mortgage Reducing Term Assurance (MRTA), but what about retrenchment?

If the word ‘retrenchment’ doesn’t send chills down your spine, the stats below would likely make you shudder.

From January to September 2015 alone, more than 20,000 employees lost their jobs in Malaysia, and the retrenchment trend is expected to continue in 2017.  The truth is, job security is not what it used to be, and if you are unfortunate enough to be retrenched by your employer, getting another job immediately may not be as easy as well.

Hiring has also slowed significantly. Monster, a global online employment firm, said its year-over-year study of job postings on the Internet showed a 39% drop across all occupations and sectors in Malaysia.

Even jobs in the public sector were also harder to come by as the government froze hiring of civil servants except for critical positions last year.

7 Signs You Are Heading For Bankruptcy

Identifying the warning signs of an impending personal financial crisis is extremely important. Sometimes these signs may be the only thing keeping you from bankruptcy.

You may be headed into a serious debt problem if you’re seeing one or more of these signs:

1. Maxing out on your credit cards or charging more than you can pay off each month

The Malaysian Department of Insolvency stated that credit card debt made up 5% of all bankruptcy cases in Malaysia between 2005 and 2012. You can see other causes here.

It is important to ensure that you use credit cards prudently. The general rule of thumb is to use no more than 30% to 40% of your credit limit at any one time. This gives you flexibility in case of job loss, illness, divorce, or other threats to your income.

Keeping Employees Happy, 5 Key Lessons

Keeping Employees Happy

According to a JobStreet.com survey on Employee Job Satisfaction in Malaysia, 78% of the respondents claimed that they were unhappy with their current job. While it is often perceived that the main reason many young talent leave a company is due to the low salary, only 17% out of the 1,145 respondents quoted salary as the main reason for influencing their unhappiness at their current job.

Dissatisfaction with their scope of work was the top reason many felt unhappy at work. Most of these unhappy employees said they felt that they have too much work or that their work is predictable and boring. Another factor was also their poor relationship with their immediate supervisor or boss.

Overall, the employees agreed that the key changes determining their wellbeing at work would need to include opportunities for career development and also work-life balance in the company. If the needs are not met, the majority said they would find another job to restore their happiness at work.

Research has showed that profits are higher when employees are loyal and engaged in the company while on the contrary, the company suffers when employees feels unmotivated or undervalued. Studies have also shown that engaged employees perform better, miss less work, adaptable and are more supportive to changes.

Happy employees are also satisfied and feel a sense of accomplishment in their work – a sense that what they do is important and meaningful. Such feelings reduce stress, which is a major factor of productivity.

To create an environment where happiness and productivity flourish, here are 5 key lessons to consider:- 

Qucik Skillet Steak With Onions And Mushrooms

Meat lovers will LOVE this quick weeknight steak dish! 

Mushrooms and onions are the perfect compliment to steak, plus they add bulk without added calories or fat. A great example of using steak as a condiment. 

Originally when I made this steak dish, it was intended for my steak sandwich recipe, but since this is also so good over rice, I felt it deserved it’s own post. Serve this with a salad and you have a complete meal! 

Have all your vegetables sliced and ready before you start cooking, this takes only minutes to make once everything is prepped. Enjoy : ) 

5 Ways To Pay Your Mortgage When You Are Struggling

Going through another sleepless night thinking about your overdue home loan repayments? The possibility of losing your home can be terrifying. Perhaps you’re having trouble making ends meet because you or a family member lost a job, or you’re having other financial problems.

Maybe things are not as bad yet, but you would like to prepare yourself with all possible scenarios, just in case. For those who took out a variable rate home loan – you may want to know what your payments will be in the event the rate increases and whether you’ll be able to make them.

Regardless of the cause of your anxiety, there are ways to protect your home even in times of financial trouble. Here are three things you can do to save your struggling mortgage.

6 Fakta Untuk Dapatkan Biasiswa

Perlu ke lulus dan dapat straight A?

Biasiswa dianugerahkan kepada pelajar berdasarkan merit, pencapaian akademik, bakat khas, hobi, atau kriteria-kriteria yang ditetapkan oleh organisasi yang memberi sumbangan tersebut. Ada juga biasiswa yang diberikan berdasarkan keperluan pelajar tertentu.

Biasiswa bukan sahaja membantu pelajar dari segi kewangan, tetapi juga seperti ada kebanggan tertentu sebagai penerima, apalagi jika biasiswa yang diterima terkenal susah untuk didapatkan.

Sebelum mohon biasiswa, cari tahu dulu 6 perkara berkaitan soalan dan fakta di bawah:

What Is Zakat?

Earlier this month, the chief of Federal Territories Zakat Council stated that it is sinful to pay zakat directly to the poor instead of handing it to Zakat collection centers. Subsequently, it was also reported that distrust was amongst the reasons some Muslim’s choose not to contribute to the Zakat collection centers.

In an effort to shed some light on the Zakat issue, we talked to Employer Collection Sector Manager from Lembaga Zakat Selangor (LZS), Encik Wira Mustafa to understand what it entails, why it’s not encouraged to pay Zakat directly to the poor and to find out how the funds are used.

What is Zakat?

Encik Wira: Zakat is the third pillar of Islam and is wajib (compulsory) on Muslim’s who meet all the conditions. The word Zakat itself means to purify. Technically Zakat means a fixed proportion collected from a specific type of mal (wealth) when they reach the haul (specific term) which must be distributed to specific categories of people. Giving Zakat means Muslim’s are purifying their wealth by giving a part of it to the needy as well as to gain Allah’s blessing on their wealth. It teaches us to sacrifice a part of our wealth, to cleanse our wealth by means of Zakat.

Financial Tips You Should Know For 2016

Top Financial Tips For 2016

Start your year right by ensuring you have plenty of savings set aside for emergencies or to grow your wealth! This might be a tip you often hear but that’s because it will always stay relevant regardless of what year it is. If you don’t have any savings yet, you need to start pronto! If you already have savings, look into trying to increase the amount of your savings and putting the money into investments where you can gain high returns.

Top financial blogger KC Lau’s advice is to

“save at least 30% of your income, and invest for double digit returns.”

Things You Should Never Buy Cheap

Scoring a bargain and being able to save money is great but there are certain areas in life that you should not be skimping on. Check out the list below to find out what are the things you should never buy cheap!

Before we start listing out the items, here are a few of the criteria that we’ve used to help you determine why you should never buy these things for cheap:

• If it is something that you use daily or regularly
• If it is something that you consume
• If it is something that involves your health
• If it is something that you plan to use for a long time

Netflix Launched in Malaysia but with Limited Library

Netflix has been officially launched in Malaysia after the announcement made by Reed Hastings at CES 2016. Netflix expanded its service to 130 new countries around the world including Malaysia being one of the locations. However, there is a catch!

The content available in Netflix Malaysia won’t be as expensive as content available in Netflix USA. This is where using a VPN comes into play. With a VPN by your side, you can access Netflix library of any region and watch your favorite shows or movies online.

Netflix is one of the world’s largest online streaming services that offer thousand of movies, TV shows, and other media for your online entertainment. Now if you are located in Malaysia and are looking to access Netflix, then I am afraid you will run into the problem of geo-restriction.

Netflix is a US based video on–demand streaming service. Although Netflix is available in various other countries around the world, it is yet to officially launch in Malaysia. So when you try to access movies or TV series on Netflix while being in Malaysia, you will see the following message.

Disappointing isn’t it! So how do you access Netflix Malaysia?

Rock Ooo - Rimba Bara Kembali

Rock Ooo ialah sebuah filem komedi muzikal yang diarahkan oleh Mamat Khalid dan dibintangi oleh Que Haidar, Khir Rahman, Soffi Jikan dan Pekin Ibrahim. Filem ini ditayangkan pada 28 Februari 2013.... Filem ini merupakan sekuel kepada filem Rock [ 2005 ].

Plot cerita ini berdasarkan kehidupan kugiran Rimba Bara setelah pemergian Zack dari kugiran tersebut. Cerita bermula dengan kisah bagaimana Amy Mat Piah melalui hari-harinya selepas dibuang dari kumpulan Rimba Bara. Hari-hari beliau sering dihantui dengan kisah Rimba Bara, walaupun beliau telah meneruskan pekerjaan beliau sebagai pembuat air batu campur.

What Multitasking Does To Our Brains

We've all heard it hundreds of times: to work efficiently we have to single task. No multitasking. And yet, we let it slip. We end up eating lunch in front of the TV with our laptop open. We browse Twitter and Facebook whilst sending emails, and probably chatting in Google+ too. If we should be focusing on just one assignment, blog post, or proposal...why the heck is it so hard to focus? 

 

Why we multitask in the first place: It makes us feel good

 

To understand why we always fall into the habit of multitasking, when we know we shouldn't, I found some very interesting studies. The answer is in fact quite simple:

[People who multitask] are not being more productive—they just feel more emotionally satisfied from their work.