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Continue reading →: (Tax Update) Your Client Under-Reports Tax. Can the Bookkeeper Be Charged Too?
Every bookkeeper, either in house or external outsourced provider, has heard this before. “Just follow the figures I gave you.”“The difference is timing only.”“Submit first. We can explain to IRB.”“The long outstanding suppliers is my friends ” Then something goes wrong. The client says :“I thought you checked everything.” A…
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Continue reading →: Offsetting adjustment
(Tax Update) LHDN Adjusts One Side. Taxpayer Must Apply, Explain and Wait for Relief on the Other Side. “Boss, this is the same transaction.How can LHDN adjust one side but not automatically correct the other side?” Welcome to the agony of LHDN transfer pricing audit. Company A charged its related…
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Continue reading →: (Tax Update) E-invoice exemption threshold increase to RM3 million
“Boss, I spent RMXXXX to comply.Now you tell me I may be exempt?Can I claim my money back?” This is the WhatsApp message I received before 31st August 2026. RM150,000.Then RM500,000.Then RM1 million.Now RM3 million.The e-Invoice threshold can move. But the SME’s money cannot move back into the bank account.…
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Continue reading →: Yearly Account Service…
Yearly Account Service…. Recently, SSM officers came to our office for a routine inspection. Normally, we are the auditor asking questions.That day, we became the auditee. 😂😂😂 The officer did not start with our audited financial statements.They requested our accounting records,selected several transactions and compared: Transaction date.Posting date. Suddenly, the…
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Continue reading →: SAAS is dead in AI era
Last week, my Finance Manager passed me an invoice. It was for a professional technical knowledge platform we have used for years. I looked at the amount and asked,“Can we terminate this?” She replied,“Boss, cannot. Two-year contract. Ends in 2027.” 😅 Okay lor.Contract signed already.Pay. Then I told her,“Do you…
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Continue reading →: (Tax Update) Tax Deduction on AI Server
“Boss, we are buying a RM1 million AI server.Can save RM240,000 tax, right?” My answer is…Maybe. But first, please show me the invoice.Because Malaysian tax law does not have a special capital allowance category called “AI machine”. Your vendor can call it:“AI Solution.”“Smart Automation.”“Digital Transformation Package.” But LHDN will still…
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Continue reading →: (TAX UPDATE) You Took RM500,000 From Your Own Company Interest-Free. LHDN May Still Collect RM7,800 Tax.
“Boss, why do you owe your company RM500,000?”“I needed money first.My own company mah. Later I pay back.”“Did the company charge you interest?”“No lah. Left pocket lend right pocket.Charge interest for what?” The tax agent opened the tax computation.“Boss, the company may have to pay approximately RM7,800 tax.” The boss…
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Continue reading →: Your LLP Distributed RM150,000. The 2% Tax May Be A Bit Complicate“Boss, my LLP distributed RM150,000 profit to me.First RM100,000 exempt.So 2% on RM50,000.Tax is RM1,000, correct?” The tax agent opened P.U.(A) 278/2026.“Boss…not necessarily. We need A, B and C.” “I asked about tax.Why suddenly become maths exam?” 😂😂😂 From YA 2026,an individual partner receiving LLP profit exceeding RM100,000 may fall…
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Continue reading →: (TAX UPDATE) Five Years Just Disappeared From Your Tax Incentive.
“Boss, our factory financial model assumes 15 years of tax incentive.”The tax adviser opens MIDA’s latest guideline.“Boss…better open the Excel file again.” 😅😅😅 Under MIDA’s updated NIF Guidelines dated 10 July 2026, the general New Investment category now provides: ✅ Special Tax Rate of 0% to 10% for up 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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