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Why I Move Away from Low-Fee Clients
Recently, we had a client leave because they demanded a low fee despite an impending filing deadline. We explained the potential penalties for late filing, but they insisted on leaving. While I respect their decision, I am genuinely puzzled by how some firms continue to charge fees that have not changed in 20 years! At…
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Why We Celebrate Colleague Birthdays at KTP
At KTP, we believe in celebrating our colleagues’ birthdays every month for several reasons. Even though we are incredibly busy, especially during this super peak season, we make it a point to recognize and celebrate these special days. It’s part of our commitment to valuing each individual. Taking a moment to celebrate reminds us that…
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E-Invoicing Update for MSMEs in Malaysia
Finance Minister II Datuk Seri Amir Hamzah Azizan recently outlined new e-invoicing regulations and support mechanisms during a parliamentary session. Here are the key points: E-Invoicing Requirement: MSMEs with annual revenues less than RM150,000 are exempt from issuing e-invoices currently. However, all businesses, including small traders, are encouraged to adopt e-invoicing to align with Malaysia’s…
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A Leap Towards Lifelong Learning at KTP
Today, I am thrilled to share a story that exemplifies why we are so passionate about lifelong learning at KTP. Meet Ashley, our dedicated receptionist. Recently, she came to me with fantastic news: she is committed to pursuing the LCCI qualification. Every weekend for the next eight months, she’ll be enhancing her accounting skills and…
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Avoiding Common Mistakes When Setting Up an LLP in Malaysia
Navigating the Essentials: Mastering LLP Compliance in Malaysia Starting a Limited Liability Partnership (LLP) in Malaysia offers unique opportunities for entrepreneurs seeking the flexibility of a partnership with the benefits of corporate liability protection. However, the journey to establishing and maintaining a compliant LLP involves navigating complex regulations set by the Suruhanjaya Syarikat Malaysia (SSM)…
