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(TAX UPDATE) Taxpayer spent RM200,000 renovating his office. Then expect FULL tax deduction.
Last week a client called me.“Mr Koh, I just finished renovating my office. RM200,000 spent.Can I claim tax deduction or not?”New partitions, new flooring, pantry, meeting room. I told him: “Can. But must do it correctly. Otherwise no tax deduction.” He went quiet for a moment.“Why so UNFAIR one?” This is exactly the problem.A lot…
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“Mr Koh, you got LHDN lubang?”
A new prospect walked into my office.Didn’t sit down.Didn’t shake hand.Didn’t even say “good morning.”First sentence,straight to my face:“Mr Koh, you got lubang with LHDN one right?Everything also can kautim one right?” I smiled.Not because funny.I smiled because after doing this line for 30 over years,this kind of question still makes my heart broken.⠀If I…
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(TAX UPDATE) Boss, Why Your Engagement Letter Got Stamp One?”
Last week, one client called me. Not because of tax.Not because of audit.Not because of e-Invoice. He called me because of one small chop.Our letter of engagement was duly stamped. He asked: “Boss, why your engagement letter got stamp one? Last time no stamp also can.” I laughed.Because this one small question tells me a…
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Cook The Book … I Signed The Resignation Letter.
Last week, I signed a resignation letter.From a newly appointed client. Our associate had done their accounts before we came in for audit and tax compliance.Something felt fishy.I called my associate. She said:“Bro, the client wants to cook the book lah.”“Loss-making to profit-making.”“For bank loan.” I asked her: “You can do or not?”She said:“I also…
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My Running Prime Is Over
I went to run Iskandar City half marathon with the training plan of a lazy uncle yesterday. Once upon a time, I was actually quite a decent runner. Not elite. But by uncle standard, not bad already. Half marathon PB: 2:01.Half Ironman run? 2:15 for 21km, after 1.8km swim and 90km cycling under the hot…
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