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The One Slide I Nearly Did Not Prepare for My AI Webinar
Before the MIA Johor webinar on “AI in accounting firms” started today, the moderator, Wen Tak Wong, asked me one simple question.“Teck Peng, do you have any slides to share?” My first answer was very confident.“No need.” Because I thought this session was not meant to be another PowerPoint presentation. It was supposed to be…
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(Tax Update) LHDN Says You Need to Pay More Tax. You Only Have 30 Days to Decide Whether to Appeal.
When you receive a Form JA, Notice of Assessment from HASiL,you sees one letter from HASiL.Open and see.Form JA.Then he looks at the tax payable amount.His eyes suddenly become double size.“Har? Why so much one?” Straight away, he calls the accounts girl.The accounts girl looks at it and says:“Boss, this one need to ask auditor.”…
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(Tax Update) Boss, Budget Speech Is Not Tax Law Yet
Every time client asks me the same question :“Mr Koh, your fee for preparing Transfer Pricing Documentation can deduct tax or not?” My answer used to be very fast.“No.” Then client will argue.“Cannot be lah. Finance Ministry already announced. Budget also got say. Government already give tax deduction.” Then I will give the boring answer…
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(Tax Update) The RM1 Share Transfer Problem Under Capital Gain Tax
Boss, your company shares may say RM1.But LHDN may ask:“Actually worth how much?” This is where many SME bosses may suddenly sit up straight.For many years, share transfer at RM1 was very common in Malaysia. Operating Sdn Bhd transfer subsidiary shares to holding Sdn Bhd.Sister company transfer shares to family holding company.Group restructuring done quietly…
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Why I Still Refuse to Sell AI Consultancy
Ever since I started posting about our AI automation project, something funny happened. Clients started asking me.“Mr Koh, can you train our staff on AI?”“Can you come to our company and do AI consultancy?” One even asked:“Can you teach our old seasoned uncles and aunties how to use AI?” That one I remember very clearly.Because…
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