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My Mountaineering Journey: Challenges and Lessons from a Malaysian Perspective
Mountaineering has always been my passion. The thrill of scaling new heights, the breathtaking views from the summit, and the sense of accomplishment are experiences that words often fail to capture. My last mountaineering trip before the MCO was an unforgettable expedition to Chulu West 6418 meter in Nepal. However, this journey was not without…
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Why I Insist on Stock Takes: Lessons from a Near-Failure MIA Practice Review
I almost failed my practice review from MIA because of the attendance of physical inventory counting as per ISA 501 Audit Evidence – Additional Consideration for Specific Items. Here’s what happened on my first practice review in 2007. “For two of the engagements selected for review, no observation of inventory counts was performed at the…
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Tax Insight : Navigating the Complex Waters of Reinvestment Allowance (RA)
Recently, we at KTP had an enlightening interaction with one of our new transferred clients that perfectly illustrates the complexities of handling tax incentives like the Reinvestment Allowance (RA). The client expressed frustration, pointing out that our approach seemed far more cumbersome than their previous tax agent’s, remarking, “KTP ask too many questions, it’s all…
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🌟Tax Insight: Revisit Reinvestment Allowance (RA) 🌟
Reinvestment Allowance (RA) is particularly geared towards companies looking to reinvest in their operational capabilities across agricultural, manufacturing, and integrated activities. 🌟Why RA Matters🌟The RA is not just a tax incentive; it’s an opportunity for businesses to strategically reinvest and innovate. By allowing a claim of 60% on qualifying capital expenditures, it reduces taxable income…
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Mind Your Language
Dear Fellow KTP Colleagues I hope this message finds you well. I wanted to share an email extract from a former probationary employee (a Chinese graduate from local university) : “Since the assignment date is 12.04.2023, but I start to do the audit of the assignment date is 17.05.2023. Before start to do this assignment,…
