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We Can Settle (Gaoding) – A Story of Expectations vs. Reality in Tax Compliance
Recently, a client approached us with a confident statement, saying, “We can settle with the income tax people when they come.” It was a statement filled with assurance, as if tax audits were merely a casual negotiation at the pasar malam. At KTP, however, we know better. Many think tax compliance is negotiable—a friendly chat…
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🚨 Cybersecurity Alert! 🚨
On August 26, 2024, Pasarana Malaysia Bhd confirmed a cybersecurity incident involving unauthorized access to parts of its internal systems due to a ransomware attack. This serves as a stark reminder of the increasing cyber threats facing our organizations today. Coincidentally, on the same day, four new subsidiary legislations under the Cyber Security Act 2024…
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Rethinking Parenting and Education Through Laughter
People often ask me if my daughters will take over my KTP business. My answer is always the same: No. I want them to choose their own paths in life. Recently, I watched a movie called “Successor”. At first, I didn’t expect much—it’s a comedy, after all. I thought it would just be some light…
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Cash Not Enough
Last Thursday, I had a close-up meeting after audit to discuss the company’s cash flow concerns, despite a noticeable increase in sales. After thoroughly reviewing the financials, I’d like to share the root causes that were identified during our discussion: Inventory BuildupTo meet the rising demand, the company has stocked up on inventory. While this…
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Don’t Rely 100% on Google or ChatGPT.
This morning, I decided to throw a little challenge at our juniors and interns with the “Quiz of the Day.” It’s a tradition at KTP where either a partner or a manager dishes out a work-related question to newcomers. They get 30 minutes to research, write, and submit their answers. It’s all part of sharpening…
