JT & CY ADVISORY - Malaysia Accounting firm
Led by Sim Chong Yen, FCCA, MIA – in practice since 2018
? Quick Answer: What does JT & CY Advisory do?
JT & CY Advisory is a Malaysia‑based accounting and advisory firm providing audit exemption advisory, Sdn Bhd incorporation, corporate secretarial, payroll, and business advisory services. Led by Sim Chong Yen (FCCA, MIA), we help Malaysian SMEs and foreign investors navigate SSM compliance, tax regulations, and cross‑border expansion. We are an affiliate of Terra Advisory Services (ACRA FA20122913), an ACRA‑registered filing agent in Singapore since 2012.
- ✓ Audit exemption advisory under SSM PD 10/2024
- ✓ Sdn Bhd incorporation & corporate secretarial
- ✓ Payroll, EPF, SOCSO, EIS, PCB processing
- ✓ Business advisory and process improvement
- ✓ Cross‑border referrals to our Singapore affiliate Terra Advisory Services
What you'll find on this page
Our services
Audit exemption advisory
We help private companies assess eligibility under SSM Practice Directive 10/2024, prepare unaudited financial statements, and lodge the required certificate.
Phase 2 (2026): RM2M revenue/assets, 20 employees
Phase 3 (2027+): RM3M revenue/assets, 30 employees
Company incorporation (Sdn Bhd)
We assist with SSM registration for both local and foreign‑owned companies, including post‑incorporation guidance.
Timeline: 3–5 working days
SSM fees: RM1,000 + RM50 name reservation (if applicable)
Corporate secretarial
Annual return filing, statutory registers, board resolutions, and ongoing SSM compliance support.
Annual return deadline: 30 days after incorporation anniversary
Payroll services
Monthly salary processing, EPF, SOCSO, EIS, PCB, and year‑end payroll documentation.
Statutory deadlines: contributions due by the 15th of following month
Business advisory
Process improvement, restructuring considerations, financial reporting clarity, and management decision support – drawing on operational experience.
Singapore expansion
Through our affiliate Terra Advisory Services, we can connect you to Singapore incorporation, nominee director, and compliance specialists.
Who is Sim Chong Yen?
Sim Chong Yen is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a member of the Malaysian Institute of Accountants (MIA), with accounting industry experience since 2012.
He has worked on audit, tax, and advisory engagements for private sector clients across multiple industries in Malaysia and Singapore. Earlier in his career, he was involved in marketing, project implementation, and professional training, working with accounting and audit firms to improve efficiency, productivity, and work processes – a background that gives him a rare operational perspective.
Today, his focus is on giving clients practical, clear, and commercially useful support – not just technical compliance, but advice that management teams can actually act on.
Sim Chong Yen
FCCA, MIA
Why choose JT & CY Advisory?
Professionally qualified
Led by Sim Chong Yen, FCCA, MIA, with hands‑on experience across accounting, audit, and advisory work.
Operationally practical
We don't stop at compliance – we help clients improve processes, internal discipline, and reporting clarity.
Strong SME fit
Our services are designed for SMEs, growing companies, and business owners who want practical support.
Cross‑border affiliate
Clients expanding into Singapore can be introduced to our affiliate Terra Advisory Services (ACRA FA20122913).
What is the audit exemption criteria for 2026?
For financial years commencing on or after 1 January 2026, a private company may qualify for audit exemption under Phase 2 of SSM Practice Directive 10/2024 if it meets any 2 of these 3 thresholds: revenue ≤ RM2,000,000, total assets ≤ RM2,000,000, and employees ≤ 20. The criteria are phased, with Phase 3 (2027+) increasing thresholds to RM3,000,000 and 30 employees.
| Phase | Financial period | Revenue ≤ | Assets ≤ | Employees ≤ |
|---|---|---|---|---|
| Phase 1 | 2025 | RM1,000,000 | RM1,000,000 | 10 |
| Phase 2 | 2026 | RM2,000,000 | RM2,000,000 | 20 |
| Phase 3 | 2027 onward | RM3,000,000 | RM3,000,000 | 30 |
Audit exemption does not mean “no accounts.” Companies that elect exemption still need proper accounting records and compliant financial statements, together with the required certificate.
What do clients say?
"As a new company, we are very appreciative towards Mr. Sim for being very professional and responsive to our queries. Mr. Sim also takes the initiative to update us on any government changes in regulations affecting companies."
— GMDESIGN (M) SDN BHD
"They provide practical advice that helps us meet regulatory obligations without unnecessary complexity."
— MAAS MANAGEMENT (M) PLT
"Professional, dependable, and easy to work with. We value their consistency and commitment."
— QUEENIE BEAUTY 86 PLT
Expanding to Singapore? Meet our affiliate.
JT & CY Advisory is an affiliate of Terra Advisory Services, an ACRA‑registered filing agent in Singapore since 2012 (FA20122913). Through this relationship, we can introduce you to specialists for Singapore company incorporation, nominee director services, corporate secretarial, and work pass support.
- ✓ Singapore incorporation
- ✓ Nominee director
- ✓ Corporate secretary
- ✓ Work passes & immigration
- ✓ Corporate tax & GST
- ✓ Annual compliance
