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(TAX UPDATE) “Company Is Mine” Until IRB Reviews the Director Account
“Mr Koh, that money I advance from my own pocket to the Sdn Bhd only. I always adjust back. Company is mine anyway.” I hear this many times. Recently, during a closing meeting, I raised one issue in our Tax Statement of Findings. ㊙️Director account…Frequent advances from director.Month after month.In many times.Balance not small. But…
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(TAX UPDATE) Practical Completion Can Trigger Tax Completion Before Final Account Is Signed
Public Ruling No. 5/2025; YA 2023 onwards LHDN has clarified that for construction contracts, a project may be treated as “completed” for tax purposes before the Final Account is agreed or signed. Once the project is deemed completed, a recognition timeline applies, including a 12-month rule (from YA 2023 onwards) where final accounts are delayed.…
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No Budget. No Hotel. Still One of Our Best Team Moments.
“Boss, can we get the whole office to make our own Chinese New Year decorations?” That was my HR manager Angela Fong ’s idea. No budget request.No formal event.Just red paper, scissors, andwhoever was free between deadlines. Two weeks ago, we pushed aside some files and gathered around the tables. At first, it looked like…
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Why This 57 Years Uncle Suddenly Say YES to HYROX
Two weeks ago during an 8km Hash run, someone shouted at me: “Oi… fatty!” I laughed.Inside insult lah. But that night, I reached home, took off my shirt, stood in front of the mirror… Mirror very honest one.It didn’t laugh back. Before MCO, I was 73kg.Now I’m 83kg. Ten kilos of“never mind lah”,“after CNY start”,and…
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Why I Stopped Signing ACCA PER Only When People Resign
Last time, I signed ACCA PER like pasar malam. Employee resign.Last week in office.PER form appears on my table. “Boss, can sign today?” I hold the pen… and suddenly I realise something. I cannot remember the details anymore. Not because I don’t care.But because after 1-2 years,memory becomes “vague” only: “Handled some audits.”“Helped with tax.”“Good…
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