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Continue reading →: (SME TAX STORY) Same Offer Letter. Same Staff. Signed In 2024, 2025 Or 2026, LHDN May See It Differently.
Monday morning.New staff starting. Your HR walks in with the offer letter. “Boss, sign here. Then I pass to him.” You sign.He signs.HR files it. Done, right?Not really. An employment contract is an instrument.Instruments need stamp duty. “Boss, offer letter also need stamp ah?” Yes.And in 2025, LHDN put the…
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Continue reading →: Thank the People Who Waited for You.
Every Team Has One Slowest Member.On My Bikepacking Trips, It’s Me. They reach the top. I’m still climbing.They finish resting. I just arrive.They’re ready to go. I’m still catching my breath. 2023, Tajikistan. My first bikepacking trip.2026, Kazakhstan and Kyrgyzstan. Same brothers. Same slowest rider. People ask me which country…
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Continue reading →: (SME TAX STORY) Same Worker. Same Salary. Bank In Or Cash, LHDN May See It Differently From YA 2028.7th of the month.Payday. Your admin knocks on the door.“Boss, site workers’ salary, same as usual ah? Cash?” You don’t even look up. “Cash lah. They prefer. Faster.” Simple, right?Not really. Budget 2027 was tabled on 9 October 2026.One line inside may change how you pay your people. From YA…
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Continue reading →: (SME TAX STORY) Budget 2027, Your Company May Save Up To RM6,000. But You May Pay More Personal Tax. 😂
Imagine this.An SME boss sees the Budget 2027 news and immediately WhatsApps his tax agent. “Company tax reduced.I also get more personal relief.Next year should pay less tax, right?” Tax agent replies.“Your company, possibly.Your personal tax, we need to calculate separately.” Boss reads the message twice.“The company is mine.The boss…
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Continue reading →: We signed up for Inter-Accounting Firm Games, not Inter-Hospital Games lah!
Last week, my HR Manager, Angela Fong, WhatsApped me a photo from GH Hospital 10pm. Wah! Who kena accident this time? I immediately called her. Apparently, one of our colleagues had injured her eye while playing badminton with another colleague. They were preparing for the upcoming Inter-Accounting Firm Games (IAFG).…
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Continue reading →: (SME TAX STORY) RM50 Or RM125,000 Stamp Duty? Even Your Accountant Needs To Check. Now We Have Self-Assessment. 😂
Imagine an SME contractor signs a RM25 million service agreement. Boss asks his accountant.“How much stamp duty?”“Could be RM125,000.” Boss nearly falls off his chair.“WHAT? Just to stamp one agreement?” 😂 Accountant continues.“If it qualifies for the 0.1% remission, RM25,000.” “Any cheaper?”“RM50 for a qualifying subsequent-tier subcontract.” Boss scratches his…
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Continue reading →: (SME TAX STORY) One “Settle Later” From The Boss Could Mean Game Over For Your Company’s Tax Appeal.
Tuesday afternoon.A Notice of Assessment, Form JA, arrives in your MyTax inbox. You open it.“Wah, why so much additional tax?” You immediately WhatsApp your tax agent.“This is wrong. We want to appeal.” Then you add.“Wait until we finish the busy period first.” That sentence is where the danger begins. Chasing…
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Continue reading →: (SME TAX STORY) GST 6% vs SST 10%. Which One Really Hits Your Pocket Harder?
An SME boss asked me.“GST was only 6%. SST can be 10%. So SST is more expensive, right?” I replied.“Not necessarily.” He looked confused.“Boss, 10% is bigger than 6%. Even my calculator knows that.” I laughed.“Your calculator is correct. But your understanding of tax may not be.” 😂 Let me…
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Continue reading →: 30 Years of Expensive Books. Now I Want Claude to Read Them.
Being an auditor and licensed tax agent comes with one expensive habit. Buying books. Audit books.Tax books.Accounting standards.Company law.Transfer pricing.Business valuation.Corporate advisory. Over the years, I have accumulated quite a collection. I keep them in our office library. Open to all my colleagues.Anyone can borrow.Anyone can read.Anyone can learn. At…
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Continue reading →: Home-Grown Managers
For more than 25 years as a boss,I have been looking for one type of person. Doesn’t reject work.Doesn’t complain all day.Can understand the assignment given.If don’t understand, will ask.When there is a problem, will try to find a way to solve it. Most importantly,when I pass the work to…
KTP & Company PLT
Trusted audit and accounting firm established in 1999, specializing in providing tailored financial services to small and medium enterprises (SMEs) across Malaysia.
Hello,
I’m Koh Teck Peng
Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.
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