10 Best Accounting Firms in Penang (2024)

Penang is home to several top-tier accounting firms, each renowned for its quality and professionalism. As the business landscape in Penang evolves, the demand for superior financial services has grown in tandem. This has paved the way for many accounting firms, each offering essential services such as auditing, tax advice, and industry-specific financial planning, all designed to cater to the unique needs of businesses in various sectors.

Accounting firms stand out for their great customer service and ability to keep up with changes in the financial world. They are known for their innovative methods, deep industry knowledge, and commitment to honesty and accuracy. Whether you run a small or large business, these firms offer Penang's best accounting services. This guide highlights the 10 best accounting firms in Penang for you to explore. 

10 Best Accounting Firms in Penang (2024)

1. Total Group 

Image Credit: Total Group Berhad

Total Group was renowned for its meticulous and comprehensive approach and has earned a flawless reputation for delivering unparalleled quality and reliability. Their expertise spans Financial Planning, Tax & Mid-shore Management, Sales & Service Tax (SST), Business Succession, Liquidation, Tax Audit, Individual Tax, Payroll Outsourcing, and e-TAX submission services. As a licensed tax agent and approved company auditor, Total Group is recognised as a top choice for IPO listings and board elevations. Their commitment to excellence makes them a leading name in the industry.

Key Services- Accounting
- Assurance
- Tax Services
- Financial Advisory
- Business Advisory
- Digital Solutions
Contact04-638 0479/ 012-226 2343
Emailinfo@totalgroup.com.my
Address1-4-8, I-Avenue, Medan Kampung Relau 1, 11900 Bayan Lepas, Penang, Malaysia.
Websitehttps://totalgroup.com.my/ 

2. Lay & Co

Image Credit: Lay & Co

Lay & Co specialises in comprehensive financial services, including Accounting and Bookkeeping, Auditing, and Taxation. With a commitment to accuracy and efficiency, they provide tailored solutions to meet the financial needs of a diverse clientele. Their experienced team ensures meticulous compliance with regulatory requirements while offering strategic insights to optimise financial processes. Whether for small businesses or large corporations, Lay & Co delivers reliable expertise in accounting practices, thorough audit procedures, and proactive tax planning strategies.

Key Services- Accounting & Book-keeping
- Auditing
- Taxation
Contact016-477 6746
Email-
Address1st Floor, 17, Lorong Ceri 5, Taman Ceri, 12300 Butterworth, Pulau Pinang.
Website-

3. HBA Global Consultancy

Image Credit: HBA Global Consultancy

HBA Global Consultancy was established in Penang in 2010 and is recognised as a leading chartered accounting firm. They specialise in a broad spectrum of professional services delivered by a team of experienced chartered accountants with expertise in taxation, business planning, internal auditing, assurance, and comprehensive business advisory. With ambitions to rank among Malaysia's Top 10 Largest Accounting Firms, HBA Global Consultancy offers specialised solutions, including financial planning, corporate secretarial services, financial advisory, tax consultancy, and valuation services. They are committed to cultivating long-term client partnerships by providing tailored and dependable financial solutions across diverse industries.

Key Services- Taxation
- Accounting
- Secretarial Services
- Business Planning
- Internal Audit and Assurance
- Company Registration
Contact014-342 2168
Emailadmin@yourhba.com
AddressNo. 12, 1st Floor, Tingkat Binjai 15, Taman Sri Rambai, 14000 Bukit Mertajam, Penang, Malaysia.
Websitehttps://www.yourhba.com/ 

4. Ann Loke Group

Image Credit: Ann Loke Group

Ann Loke & Co is a distinguished accounting firm offering a comprehensive suite of services, including accounting, auditing, secretarial, and tax services. With a vision to be a leader in tax, accounting, and consulting within the region, they are committed to delivering high-quality and professional services to their clients and community. Ann Loke & Co's mission is centred around providing reliable and top-tier services that meet the diverse needs of their clientele. They collaborate with associate partners, such as Peter & Co and Wellpoint Group, further enhancing their capabilities and expanding their reach to deliver excellence in financial and advisory services.

Key Services- Taxation
- Accounting
- Secretarial Services
- Auditing 
Contact012-682 4983
Emailannloke.enquiry@gmail.com
AddressNo 20, 1st Floor, Jalan Bawal, Kimsar Garden, 13700 Prai, Penang
Website-

5. MF Advisory & Consultancy Services 

Image Credit: MF Advisory & Consultancy Services

MF Advisory & Consultancy Services offers diverse professional solutions tailored to effectively meet business needs. Their specialised services encompass tax planning and compliance, accounting, company secretarial duties, and business advisory. Renowned for their dedication to personalised service and strategic guidance, MF Advisory & Consultancy Services assists clients in optimising operational efficiency and financial management. They are committed to navigating regulatory requirements adeptly and empowering organisations of all sizes to achieve their goals with confidence and sustainability.

Key Services- Tax Planning & Compliance 
- Accounting Services 
- Company Secretarial 
- Business Advisory
Contact012-437 2188/ 014-372 9453
Emailjeissie@mfconsultancy.com.my
Address20, Lorong Bagan Lalang 11, Taman Bagan Lalang, 13400 Butterworth, Pulau Pinang
Website-

6. HC Advisory 

Image Credit: HC Advisory

HC Advisory combines over 30 years of collective experience in Audit, Accounting, Taxation, and Business Processes across diverse industries. Specialising in Audit and Assurance, Finance Manager Services, Accounting, Company Secretary duties, Payroll and HR management, Back Office processes, and Taxation, HC Advisory offers tailored solutions to streamline operations and ensure compliance. Their dedicated team provides strategic insights and meticulous attention to detail, supporting businesses of all sizes in achieving financial efficiency and regulatory adherence. With HC Advisory, clients benefit from expert guidance to navigate complexities and foster sustainable growth in today's competitive landscape.

Key Services- Audit and Assurance
- Finance Manager Services
- Accounting
- Company Secretary
- Payroll and HR
- Back office process
- Taxation
Contact017-471 1614
Emailsupport@hcgroupco.com
Address43-2, Vantage Point, Jalan Lenggong, Symphony Park, 11600 George Town, Pulau Pinang
Websitehttps://www.hcgroupco.com/ 

7. L & Co Plt.

Image Credit: L & Co Plt.

L & Co Plt. is a member firm of the Malaysian Institute of Accountants (MIA) and they are dedicated to assisting small and medium enterprises across Malaysia. Specifying in statutory audits, taxation, and Sales and Services Tax (SST) management, L & Co Plt serves its clients from offices in Johor, Kuala Lumpur, Selangor, and Penang. As approved company auditors and tax agents, they uphold the highest standards of compliance and professionalism, ensuring clients' financial and tax matters are managed with integrity and expertise. Their extensive network and industry knowledge make them a reliable and valued partner for a diverse range of businesses in Malaysia.

Key Services- Accounting & Book-keeping
- Audit
- Business Registration
- Liquidation
- Taxation
Contact6018-9419800/ 604-377 7075
Emailenquiry@liew.my
AddressS1-3, 1-21-01, Suntech@Penang Cybercity (1575),Lintang Mayang Pasir 3, 11950 Bayan Baru,Penang.
Websitehttps://landco.my/ 

8. Ooi & Associates

Image Credit: Ooi & Associates

Ooi & Associates offers a comprehensive range of professional services designed to meet diverse business needs effectively. Specifying in Audit & Assurance, Tax & Advisory, Accounting, Corporate Secretarial, and Business & Financial Advisory, they provide strategic guidance and meticulous attention to detail. With a strong commitment to excellence and regulatory compliance, Ooi & Associates helps businesses optimise operations and achieve their financial goals. Their experienced team delivers reliable expertise and personalised service, supporting businesses of all sizes in navigating audits, managing taxes efficiently, and enhancing overall business strategies.

Key Services- Accounting
- Audit & Assurance
- Business & Financial Advisory
- Corporate Secretarial
- Tax & Advisory
Contact604-331 5988
Emailadmin@oaca.com.my
Address63, Jalan Selat, Taman Selat, 12000 Butterworth, Pulau Pinang
Websitehttps://www.oaca.com.my/ 

9. IGC Accounting Firm (Penang Branch)

Image Credit: SHAREBIZ

IGC Accounting Firm's Penang Branch specialises in providing specialised accounting and advisory services tailored for investors and entrepreneurs. Founded by Ivan Goh, a professional chartered accountant with extensive international audit and consulting experience across Malaysia, China, Cambodia, and India, they excel in strategic financial planning and industry investment. Co-founder Ken (Kien Seng), a chartered accountant from a prominent firm, enhances their expertise in financing, equity planning, strategic design, and mergers and acquisitions. Committed to fostering collaborative growth and success, IGC Accounting Firm aims to empower clients through personalised strategies and comprehensive support. Partner

Key Services- Accounting & Bookkeeping 
- Assurance and Taxation
- Corporate Secretarial
- E-Invoicing 
- Payroll
Contact016-404 5546
Emailaskme@sharebiz.my
Address98-3-2A, Prima Tanjung, Jalan Fettes, Kampung Belachan, 10470 Tanjung Tokong, Pulau Pinang
Websitehttps://www.sharebiz.my/ 

10. Kalyx Consultants

Image Credit: Kalyx Consultants

Kalyx Consultants offers a comprehensive range of professional services, including accounting, secretarial, tax compliance, tax audits, and business advisory. With a commitment to excellence and client satisfaction, they provide tailored solutions to meet the diverse needs of businesses in Malaysia. Whether navigating tax regulations, conducting audits, or offering strategic business advice, Kalyx Consultants ensures thorough compliance and effective financial management. Their expertise and dedication support clients in optimising operations and achieving long-term success in a dynamic business environment.

Key Services- Accounting
- Secretarial
- Tax Compliance
- Tax Audit
- Business Advisory
Contact012-661 5428
Emailmarketing.kalyx@gmail.com
AddressNo. 8, 1, Jln Icon City, Icon City, 14000 Bukit Mertajam, Penang.
Websitehttps://www.kalyxconsultants.com.my/ 

Conclusion

In conclusion, Penang's accounting firms exemplify excellence and professionalism, meeting the diverse needs of businesses across various industries. These firms stand out for their commitment to quality, innovative approaches, and comprehensive financial services, including auditing, tax advisory, business consulting, and more. Known for their meticulous attention to detail, deep industry knowledge, and dedication to client success, they ensure that small and large corporations receive top-tier accounting services. Partnering with any of these esteemed firms guarantees access to the best financial expertise in Penang, paving the way for sustained growth and financial stability.

Frequently Asked Questions

1. What specific services do Penang's accounting firms offer?

Accounting firms in Penang provide a wide range of essential services tailored to businesses' needs, including auditing to ensure financial accuracy, strategic tax advice, comprehensive financial planning, corporate secretarial duties, and expert business consulting.

2. How can Penang's accounting firms support my business?

These firms are instrumental in guiding businesses through complex tax regulations, conducting meticulous audits to safeguard financial health, and offering strategic financial advice to optimise growth and efficiency.

3. Do Penang's accounting firms specialise in specific industries?

Absolutely! Many of these firms have expertise in diverse sectors, such as manufacturing, services, and construction. They leverage this industry knowledge to provide tailored solutions that effectively address sector-specific challenges.

4. What sets Penang's accounting firms apart in terms of service quality?

Penang's accounting firms are renowned for their commitment to delivering personalised service with a human touch. They combine professionalism with a genuine dedication to client success, ensuring reliable, high-quality financial management services that businesses can trust.

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