“SALIHIN, a dynamic accounting firm, aspires to become the preferred national accounting firm of Malaysia. Hence, our sponsorship of the MIA International Accountants Conference 2014 aims to reinforce our brand awareness and the industry’s perception of SALIHIN. Apart from positioning our brand positively, enabling it to thrive in future, we are proud to be associated with a world-class learning platform.

Currently, zakat allows for utilisation of a 2.5% deduction from aggregate income to offset income tax, said Salihin Abang, Founder and Managing Partner, SALIHIN, a pioneer in zakat advisory and planning services for businesses and high net worth individuals. “We hope for a standardisation of zakat rebates with CSR (corporate social responsibility) deduction of 10% against income to promote business zakat.”

Malaysian small and medium practices (SMPs) at a crossroads? Providing a rich range of business advisory services to SMEs, beyond traditional compliance, can enrich the growth of SMPs. But the inherent challenges have to be addressed through capacity building, strategic development, two-way communication, mindset changes, and networking among other initiatives.