5 Reliable Accountants in Penang That Will Give You Peace of Mind
Back in college, I took an entrepreneurship elective where we studied about nonnegotiables to keep a business afloat. One lesson that stuck with me is the importance of proper financial management and tax compliance – a reliable accountant is indispensable.
So when my friend tapped me to help revive a struggling family coffee shop business in Penang, a good accounting firm was one of the first things we looked for. We met with different firms, talked to their old clients, and assessed their strengths.
Of course, we don’t gatekeep, so this list is the result of that avid search. If you’re looking for an accountant in Penang to organize your financial records, deal with corporate compliance, or take care of your tax concerns, read on!
How much does it cost to hire an accountant in Penang?
An accountant’s hourly rate in Penang can range from RM300 – RM1000. This is an estimate and can vary depending on a lot of factors like level of experience, type of accounting services to be rendered, size of company, etc.
To gain clarity on how much it would cost for your specific asks, you can request for a quote or scheduled call with your prospect accountant.
1. HBA Global Consultancy Accounting Firm
Address: 12, 1st Floor, Tingkat Binjai 15, Taman Sri Rambai
Contact: +60 14-342 2168
Operating Hours:
- Monday-Friday (9 AM – 6 PM)
- Closed on weekends
HBA Consultancy has more than a decade of experience with accounting, internal audit and assurance, business advisory services, taxation, and more. Overall, their wide range of services makes them a one-stop shop for all kinds of accounting concerns.
They’re a well-trusted chartered accounting firm because of their proven track record with a diverse pool of clients. They’re also a member firm of the Malaysian Institute of Accountants, so they’re well-vetted.
Aside from that, we found that they’re highly efficient, responsive, and easy to talk to. A great number of their previous clients we spoke with agree that their ability to communicate effectively and solve problems promptly are their strong suits.
Plus, we could see their high caliber of professionalism through how they take care of their clients and optimize processes.
Their prices can be pretty expensive, but given their experience, you’ll get your money’s worth. They’re a good option if you’re a new business and need someone to set up your financial systems or if you need help with an existing tax, payroll, or e-invoicing issue.
High Performance Results Throughout
“HBA is consistently delivering high performance results throughout the service tenure. Their performance is valued and far beyond satisfied. HBA has offered awesome service to me. Their communication skills are great, and he/she can make others easily understand his/her point clearly without any doubt. HBA supports me in fulfilling the tasks and he/she is resourceful and always ready to help me. They have far exceeded my expectations by delivering more than required.Their best quality is that when we are faced with a problem, he/she listens first, takes into account everything and then comes up with a prompt and fine solution.”
– Chua Seong Aik, Google Review
Provide Me with Great Proposal and Guidelines
I have no words that could be used to express my appreciation to HBA. Their professionalism and support have given me a very great experience working with them. I just need to share with them my needs, and they will provide me with a great proposal and guidelines. They are very compliant. Their professionalism, efficiency and friendly staff make me continue with their services. I also recommend my business friends to them after liaising with them. A great consultancy company that should be known by everyone.
– Tan Zhi Hong, Google Review
2. L & Co.
Address: No. 188, First floor, Jalan Tembikai, Taman Padang Lallang
Contact: +60 4-604 2266
Operating Hours:
- Monday-Friday (9 AM – 1 PM; 2 PM – 6 PM)
- Closed on weekends
L&Co is a well-known approved company auditor, income tax agent, and SST (Sales and Services Tax) agent that helps with different facets of business compliance. Other services they offer are accounting and bookkeeping, accounting software solutions, payroll, and liquidation.
Their office in Penang is just one of four locations, they also have offices in Johor, Kuala Lumpur, and Selangor. Given that, they have a wide network and wealth of experience both with small enterprises and international businesses of different industries.
The consensus in our surveys? L&Co is conscientious, responsive to concerns, and very hands on. Their years and depth of experience as a firm show in the way they answer questions simply and promptly.
We also found them to be very detail-oriented, catching things that usually fly over our heads. They’re a good option if you need professional tax advice, incurred unforeseen penalties you need clarity on, or require guidance because you have more than three shareholders in your business.
We love that their website alone is a treasure trove of information, with articles and FAQs that are really helpful. They’re generous with resources and advice that help business owners have peace of mind.
Very Service-Oriented Culture
“We have to congratulate your firm for having a very service-oriented culture. Your staff provided a very clear and detailed explanation to us on the services that we are going to engage. We would certainly recommend your services to the peers around us and definitely continue using your services in the future.”
– Ng Choon Seng, Website Review
Well-versed in Solving Problems
We are highly impressed by their skilled and experienced accounting service well versed in solving problems and ready to ensure we are always happy. L & Co group assisted on dealing with accounting issues and providing assistance or directing us to appropriate parties when we faced problems.They ensured the timely and successful delivery of solutions according to customer needs and objectives.
– Teo Chee Kang, Website Review
3. Total Group
Address: 1-4-8, I-avenue, Medan Kampung Relau 1, Kampung Seberang Paya
Contact: +60 4-638 0479
Operating Hours:
- Monday-Friday (9 AM – 6 PM)
- Closed on weekends
Total Group is an esteemed business service provider that’s been in the industry since 2003. Their strong point is a good understanding of emerging trends and issues, which helps them tailor-fit financial solutions for all kinds of businesses and organizations.
Their work spans across industries, including manufacturing, retail, construction, and even non-profits and NGOs. They offer assistance with tax and assurance, financial advisory, business consulting, accounting, and digital solutions.
Their team is professional, easy to talk to, and very knowledgeable. We like that they’re reliable and that their advice is built from extensive experience and technical mastery.
Their customer care is also top-notch, and we noted that they stay true to their word that they’ll be assisting you every step of the way. You won’t have to follow up excessively because they’re very attentive to their clients.
Although they have an inquiry feature on their website, we found that they’re more responsive when contacted directly via text or call.
Thorough and Timely Services and Guidance
The services & guidance that I received was thorough and timely & all my problems and issues were addressed with professional & correct solutions. Awesome service!
– Jason Ng, Google Review
Very Professional
Have been using their service for last 2 years. David and his team are very professional in providing solutions to my tax related matters. Thanks for great service.
– KK Lim, Google Review
4. T & K Tax Savvy Sdn Bhd
Address: 347-V, Tingkat Pemancar, Taman Tun Sardon
Contact: +60 12-410 3922
Operating Hours:
- Monday-Friday (9 AM – 6 PM)
- Closed on weekends
If you’re looking for a friendly neighborhood tax accountant, T&K is the way to go. They have experience with over 400 clients, including both individual clients and groups of companies.
They have a firm grasp of company and income tax laws, helping with compliance and even tax incentives when possible.
The team is led by Khoo Kee Lee, who has 20 years of experience in taxation-related cases and specializes in corporate tax. We also found that they have experience in both Malaysian public-listed companies and SMEs, and can handle multinational cases.
T&K has worked on tax issues across industries like manufacturing, F&B, and trading. They’re a great option if you need annual regulatory compliance tax submissions for your company, tax audits, negotiations, or appeals, and even business planning, to name a few.
Aside from taxation services, they also offer finance, accounting, and administrative services. They’re great for new businesses needing help to set up financial systems, and it helps that they’re friendly, responsive, and professional!
Reliable, Efficient, Hassle-free
We have been working with T & K Tax Savvy Sdn Bhd for our yearly tax submission and consultation, and they have been excellent. Kellee and the team are professional, knowledgeable, and always ready to provide clear and practical advice. Their guidance has helped us stay compliant while optimizing our tax position. The service is reliable, efficient, and hassle-free. We highly recommend them to any business looking for a trusted tax advisor.
– B.E. Choong, Google Review
Offers Insights Beyond Taxation to Benefit My Business
I highly recommend T & K Tax Savvy Sdn Bhd for anyone in need of professional and reliable tax services in Malaysia.The brain behind T & K is Ms Khoo. She is very sharp, knowledgeable, incredibly patient and detail-oriented. She takes the time to explain tax matters clearly, ensuring I understand my obligations while also identifying opportunities for efficiency. What truly sets her apart is her holistic approach. In my case, she looks beyond numbers and considers the bigger picture, offering insights that go beyond taxation to benefit my business as a whole. This level of support is exceptional. I sincerely thank her for the outstanding service.
– Ogosi Enterprise, Google Review
5. Muhammad Anees & Company (MAC)
Address: No 58-6-1, Fortune Business Centre, Jalan Cantonment, Pulau Tikus
Contact: +60 4-229 6786 (Hotline: 012 433 7070)
Operating Hours:
- Monday-Friday (9 AM – 6 PM)
- Closed on weekends
With over a decade of experience, Muhammad Annes & Company is a well-known chartered accounting firm that has served over 600 clients across many industries.
What makes them stand out is their strong expertise in tax and audit services and strategic tailor-fit solutions. They’re based in Penang but have another branch in Kuala Lumpur.
They’re very receptive to their clients’ financial goals, always making sure that their solutions create value and improve business compliance and performance. Aside from tax and audit services, they also offer accounting and bookkeeping services, corporate consultations, GST/SST/Bank consultations, financial consultations, and E-invoicing.
We appreciate their comprehensive reviews of statements and records, as well as their ability to clarify any confusing tax obligations through easy-to-understand explanations. They make financial issues less intimidating and even create content on social media to help people understand better.
They have specialized accounting, finance, tax, secretary, and audit teams that have the bandwidth to help a large client base, so they maintain their quality customer service. Based on our surveys, they’re professional, communicative, and great to work with overall.
One pain point frequently mentioned by former clients is that it sometimes takes them quite some time to answer the phone. However, they have recently solved this issue with the hotline number provided above.
Their Professionalism and Attention to Detail Truly Stand Out
I had an excellent experience with Muhammad Anees & Company. Their professionalism and attention to detail truly stand out. The team is highly knowledgeable and efficient, ensuring that all my accounting needs were handled seamlessly. Their commitment to providing top-notch service is commendable, and they are always ready to assist with any queries or concerns. I highly recommend this firm to anyone looking for reliable and professional accounting services. Keep up the great work!
– Nur Ezani Mohd Kamar, Google Review
Personalized Approach
I’ve been using Muhammad Anees & Company (MAC) for my accounting needs, and I couldn’t be more impressed! Their team is professional, highly knowledgeable, and always ready to assist with any questions or concerns. They offer a wide range of accounting services, from tax preparation to financial planning, and their expertise is evident in the quality of their work.
What really stands out is their personalized approach. They took the time to understand my business and financial goals, tailoring their advice and solutions to fit my specific needs. Their attention to detail is excellent, and they’re always punctual with deadlines.