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(Tax Update) Boss, you think Tax Appeal is “Argue first, Talk reason”?
Most of the time,you pay first,then slowly talk reason. Uncle Chen walked into my office last month, face pale pale one.Hand holding one LHDN assessment notice. Form JA.Amount: RM380,000. He sit down, straight away bang the table:“I don’t agree! I want to appeal!” I looked at him, asked one question:“Can. You want to appeal, no…
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(Valuation) Boss, RM5 Million Sales Does Not Mean Your Company Is Worth RM5 Million
Last week, I asked one SME boss a simple question.“Boss, how much do you think your company is worth?” He answered very confidently. “Mr Koh, last year sales RM5 million. So company value should be around RM5million lah.” I smiled. This is where many SME bosses get valuation wrong. Sales RM5million does not mean company…
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I Wanted AI Transformation. Actually, I Wanted AI Miracle.
After Chinese New Year, we started our AI transformation journey with the engagement of an AI consultant. Now it is almost June.And I realised something painful. The biggest problem may not be my people and my consultant The biggest problem may be me.Maybe I am too ambitious.Maybe I am too greedy.Maybe I am too impatient.Maybe…
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Can I Pay My 15 Year Old Daughter Commission?
This morning, one SME boss WhatsApp me.“Mr Koh, can I pay commission?” I replied:“To whom?”“For what purpose?” Before he could type his long explanation, I called him directly. Then the story came out. He wanted to pay commission to his 15-year-old daughter. Everything was nicely prepared.Payment voucher signed.IC attached.Bank transfer ready to her account. All…
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I Called IRB Already. They Say Can.
This is one of the most dangerous sentences in tax.On and off, I receive calls and WhatsApp messages from taxpayers. Many start with the same magic sentence:“Mr Koh, I called IRB already. They say can.” Then I ask politely:“When did you call?”“Who did you speak to?”“Got name?”“Got email?”“Got written confirmation?” Then suddenly, the line becomes…
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