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Continue reading →: (TAX UPDATE) New IRBM Rules on Tax Clearance Letter (TCL) for Foreign Employees
IRBM has updated the rules on applying for Tax Clearance Letters (TCL) effective 1 November 2025, replacing the earlier April 2024 guidelines. Good news for employers :You no longer need to submit CP22A or CP22B for non-Malaysian employees who resign, as long as: If both conditions are met, no submission…
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Continue reading →: First Peak in Audit Firm: Real Stories from KTP’s Newcomers
What really happens during the peak period in an audit firm? Not from textbooks.Not from LinkedIn posts.But from the real voices of our own team. In this video, Mr. Koh sits down with three newcomers who just survived their first audit peak at KTP in 2025. No filters, no script…
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Continue reading →: (TAX UPDATE) Service Tax Update 2025: Construction Industry Can Now Separate Materials from Labour to Reduce SST Exposure
Introduction Big news for Malaysia’s construction industry.On 24 October 2025, the Royal Malaysian Customs Department released Service Tax Policy No. 7/2025, effective retrospectively from 1 July 2025. This long-awaited clarification finally confirms that itemised billing, separating construction materials and labour in your invoice, is officially recognised for service tax purposes.…
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Continue reading →: Why I Resigned as Auditor When Directors Start Fighting
This month, Suruhanjaya Syarikat Malaysia (SSM) charged two ex-directors under Section 218(1)(c) and Section 221(1) of the Companies Act 2016. Their offences were approving a salary increment without AGM consent and failing to declare their interest in a tenancy agreement involving company property. At first glance, it looked like a…
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Continue reading →: How a Kind Comment Taught Me the Difference Between Rule of 72 and Rule of 78
Two weeks ago, I made a small but meaningful mistake on LinkedIn. In my post about the Hire-Purchase (Amendment) Bill 2025, I mentioned the “Rule of 72” thinking it referred to the interest calculation method under hire purchase loans. Todayr, one of my followers, Mr. Mark Chan , gently pointed…
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Continue reading →: Budget 2026 Tax Incentives You Can Use Now
If you run an SME in Malaysia, Budget 2026 is not just policy talk. It is free fuel for growth if you act fast and file right. Budget 2026 rewards companies that upgrade, digitise and hire responsibly. Less talk, more incentives. Here are the ones that move the needle for…
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Continue reading →: Why You Cannot Strike Off a Sdn Bhd with Bank Balance and Accumulated Loss
A client once asked me, “Bro, can I strike off my Sdn Bhd? Got RM100,000 in the bank but got losses.” The company was dormant, no liabilities, but still had RM100,000 in the bank. He thought strike off would be simple and cheap. But under Section 550 of the Companies…
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Continue reading →: Why I Still Insist on a Semi-Auto Coffee Machine
When work stress hits,some people take a walk.I walk to the pantry. That little corner in our officethe smell of coffee, the quiet humis my reset button. For me, coffee isn’t just caffeine.It’s therapy. That’s why I still insist on a semi-auto coffee machine.Not because it looks cool.But because of…
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Continue reading →: Why I Rejected an “Account cum Audit” Candidate
Last week, HR forwarded me a resume.The last job title caught my eye … Account cum Audit Assistant. On paper, not bad.Two years of experience.Handles full set of accounts, does audit,even liaises with clients.Looks hardworking. But something didn’t feel right. I Googled the firm.Less than four people including the boss.That…
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Continue reading →: (TAX UPDATE) PLT OWNERS BEWARE: CHEAP DOESN’T MEAN FREE FROM RULES
I get it, everyone loves a good deal. You heard that PLT (Perkongsian Liabiliti Terhad) is cheaper than Sdn Bhd, less headache, no audit, and save money. So you registered one, thinking it’s your magic shortcut, a business with limited liability but unlimited freedom. Sorry to burst the bubble, PLT…
KTP & Company PLT
Trusted audit and accounting firm established in 1999, specializing in providing tailored financial services to small and medium enterprises (SMEs) across Malaysia.
Hello,
I’m Koh Teck Peng
Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.
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