KTP & Company PLT

These days, doing business feels like drawing a pretty portrait for a customer—only for them to expect a supermodel look!

Just like the artist in the picture, many business owners are struggling to meet high expectations with tight budgets.

Everyone is working harder, but profits seem harder to catch. That’s why we’re all hoping today’s Malaysia Tax Budget 2024 will bring some good news.

The biggest wish?

No new taxes! Many businesses are still recovering from post-pandemic challenges, rising costs, and inflation.

Adding new taxes would be like asking a tired artist to draw a second portrait for free— macam mana nak survive?

I am hoping for a budget that helps businesses grow, not one that makes things harder.

Will there be more tax incentives or grants to help SMEs? Maybe support for reduced tax or hiring grant? 😅

These are the things businesses are looking forward to. After all, every bit helps, whether it’s reducing compliance stress or offering rewards for sustainable practices.

It’s been tough, but business owners are used to making the best of things—just like the artist drawing smiles, even when reality is different.

So, let’s wait and see what today brings. Whether it’s new incentives or simpler tax rules, a supportive budget could mean smoother days ahead for everyone. 😅

For now, we’ll keep smiling through the struggle—because business must go on!

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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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