Total Group is an aspiring company which prides itself as a new-age professional business service provider. Formerly known as TWS Group, the company was established in 2003 as a total financial service group dedicated to serve corporations of all sizes and industries, helping them achieve their financial goals and alleviating them from one level to another with our expertise in business advisory.

Asset & Wealth Management

Investment Management and Estate Planning

Investment management is the creation and overall care of an investment portfolio. Investment management often includes suggesting an investment strategy, buying and selling investments and managing the portfolio’s asset allocation.

We have a team of financial planners, providing holistic financial advice on topics like cash-flow management, taxes, insurance and estate planning. Others work with high-net-worth clients to address their financial planning and investment management needs, as well as coordinate the services of other professionals, such as lawyers and accountants. This is often referred to as wealth management.

Wealth management offers more areas of expertise, such as estate and tax planning, accounting services and retirement planning in addition to investment management.

Estate and Wills Planning

Wills and estate planning are pivotal to financial independence throughout life, and to protect assets and ensure the execution of financial intentions into the future. With a proper estate plan in place, you can determine matters such as control of your personal and financial affairs if you lose capacity and who should benefit from your estate upon your death.  A proper estate plan will also take into account the financial implications of death including tax on superannuation and capital gains.

We create custom designed estate planning solutions to suit each client’s position, objectives and preferences through the preparation of a comprehensive estate and business succession plan.  We will be there every step of the way, applying our thorough understanding of the law in relation to wills, trusts, powers of attorney, guardianship, tax and superannuation.

When a person dies, we act for executors to obtain a grant of probate or for administrators to obtain a grant on intestacy (when the deceased didn’t have a will).  If the deceased had assets overseas, we can assist with either resealing the grant or obtaining a fresh grant in Australia.  We also act in uncommon matters, such as when the executor has lost capacity or died, or when the will does not distribute the whole estate and there is a partial intestacy.

Our team has experience in advising on and resolving disputed estates (including disputes between trustees and beneficiaries regarding the conduct of trust affairs), disputes about the interpretation of wills, and acting in family provision matters where a party seeks additional benefit from an estate.  

Striking Off of Companies

Striking off a Company Name from the Register of the Registrar is a process where you intent to shut down your business when it could be due to your businesses are running at a loss-making state. You are only allowed to file the striking off company application when all requirements set by the Companies Commission of Malaysia (SSM) have complied. The approval of striking off a company name is subject to SSM’s discretion.

The Registrar would have the power to strike the name of a company off the register if the Registrar has reasonable cause to believe that:

  • The company is not carrying on business or not in operation within the meaning of Section 308(1) of the Companies Act 1965 (CA).
  • The company has been wound up but no liquidator is acting under Section 308 (3)(a) of the CA in the following circumstances:
    The appointed liquidator failed or refused to lodge the Notice of Appointment of Liquidator with SSM.
    Upon the death of the liquidator and no substitution.
    The appointed Liquidator did not or failed or refused to carry out his duties as a liquidator.
  • The liquidator is in his failure to discharge his duty to lodge any return within the 6 months after the company’s affairs are fully wound up pursuant to Section 308 (3)(b) of the CA.
  • The company has no or insufficient assets or funds to pay the expenses in obtaining a court order to dissolve the company under Section 308 (3)(c) of the CA.

Corporate Management

Payroll Outsourcing

Streamlining and automating your payroll function is the first step to provide better employee engagement. Designed with the highest standards to satisfy customers’ need for efficiency and competence, our outsourcing services are highly customizable, and we take important consideration of an organization’s confidentiality.

We make it rather simple for you to start with us;

Introduction – To understand more payroll matters. Better understand your payroll functions, discuss on timeliness, reporting & etc.

Setup Payroll Data – Provide us with your staffs’ salaries info, and we will take care of the rest for you.

Monthly Processing – Monthly salary calculation and statutory deductions for employees.

Generate statutory – Monthly contribution to the statutory authorities such as EPF, SOCSO, EIS and PCB. Submit & pay monthly contributions to all relevant statutory before deadlines as well.

Payslips – We generate payslips and do email softcopy payslips to all of your staff.

Leave & time record – Manage staff monthly leave and attendance record.

Yearly Form – Provide EA forms and Form E for your yearly tax submission.

Winding Up of Companies

Winding up is a process whereby the existence of a company is brought to an end, and assets of the company will be collected and realised. The collected proceeds will be used to discharge all the company’s debts and liabilities, while the remaining balance will be distributed amongst the contributories according to their entitlement.

There are 2 options of winding up:

  • Voluntary winding up;
  • Compulsory winding up.

Voluntary Winding Up

Voluntary winding is divided into 2 categories:

  • Members’ voluntary winding up (MVWU) is the process a solvent company used to shut down their business and the proceeds of sale go to the shareholders.
  • Creditors’ voluntary winding up (CVWU) is the process an insolvent company used to prevent compulsory winding up of its company, and the cash realised from the sale of assets return to creditors as dividend.

Both forms of winding up are undertaken voluntarily by directors who hold meeting with shareholders and creditors to put forth the company’s financial position, and seek the relevant resolution to wind up the company. A liquidator will be appointed by the company to take charge of the whole process of winding up, in which our company is providing this service and consultancy as well.

Compulsory Winding Up

Compulsory winding up is also known as winding up by Court. The process begins with the presentation of a petition up at Court, where petitioners include creditors, liquidator, the Registrar of companies or the Official Receiver. If a winding-up order is made, the Court will appoint a liquidator to oversee the liquidation process. Any disposition of property after the commencement of winding up is void unless the Court orders otherwise.

We separate ourselves from our competition by :

  • Extensive Partner involvement on each engagement
  • Manager and/or Partner always on-site during fieldwork

  • Consistent and experienced professionals
  • Timeliness of communications
  • Proactive approach in addressing complex issues early in the engagement
  • Availability to clients as a specialized resource
  • Professionalism with understanding
  • We are committed to performing the work within a time frame

  • A job done efficiently and at a fair price
  • We take our role as advisers seriously by offering our experience and vision to examine your current situation and suggest approaches to help you achieve long-term goals

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