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Continue reading →: Ride Safe, Not Sorry : Confessions of a Cyclist
This week, yet another cyclist video went viral a heated argument between a bus driver and a peloton on the Kuala Selangor road. Drama. Road rage. All captured in one TikTok and splashed across Facebook. But let me tell you my story. I used to be a hardcore road cyclist.Every…
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Continue reading →: (TAX UPDATE) E-Invoice Now Mandatory for Most Donations – Are You Ready?
“Donations also need e-Invoice?”“My temple not selling anything — why must issue?”“My NGO already gives receipts — still kena?” These are real concerns from charities, temples, and tax-exempt bodies across Malaysia. Let’s be clear : Being tax-exempt does not mean you’re exempt from e-Invoice. LHDN’s latest FAQ on Donations (7…
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Continue reading →: When an “Experienced” Candidate Asked Me Why We Still Do Stocktake…
Last week was our year-end stocktake for FYE 30/6/2024. A yearly ritual. Yes, tiring. Tedious. Time-consuming especially during this peak. But necessary. Very necessary. Until one question from an experienced candidate almost made me disbelief in shock. We were preparing the stocktake forms, logistics, and team briefing. This candidate, who…
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Continue reading →: (TAX ALERT) SME Employers … Stamping Employment Contracts is No Longer Optional
As a tax agent dealing with many SMEs, I understand the day-to-day struggle by keeping the business afloat, managing staff, and handling compliance with limited resources. Now, LHDN has added another item to your compliance checklist … employment contract stamping. A month after the initial announcement, LHDN released an official…
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Continue reading →: I Am Lucky to Have Angela On Board
Life has a funny way of reconnecting people. Over 35 years ago, I met Angela Fong through the Rotaract Club of Tanjung Puteri. We were both in our early 20s, full of ambition, volunteering our weekends for community projects, never once imagining our paths would cross again in business. Looking…
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Continue reading →: The RM299 Price War Won’t Kill You — Your Small Thinking Will
Earlier this year, I attended a photography workshop. I’m just a hobby photographer, not a full-time one. But many of my friends earn their living behind the camera. During that workshop, I heard something shocking from one of my friend RM299 photoshoot packages is spreading across Malaysia like wildfire. My…
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Continue reading →: (TAX UPDATE) Common Timing Mistakes That Disqualify MIDA Incentives
Many SMEs lose out on valuable tax incentives like Pioneer Status, Investment Tax Allowance (ITA), or Reinvestment Incentives … not because their project is weak, but due to avoidable timing mistakes. Here’s what we see often at KTP :✅ Companies incur capital expenditure (CAPEX) before submitting the application — automatically…
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Continue reading →: (TAX UPDATE) The Real e-Invoice Challenge for Hardware Shops
One hardware shop owner told me, “Boss, I sell cement, bricks, steel every day. You help me set up e-Invoice, I just press one button, all done lah?” I smiled, but I wanted to say, “Bro, your real headache is not the system. It’s your cashier splitting invoices while customers…
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Continue reading →: (Tax Update) Pioneer Status vs Investment Tax Allowance
Which one gives your project better approval odds from MIDA? Almost every time I sit down with SME bosses planning their manufacturing projects in Malaysia … this question sure will pop up:“Bro, should I apply for Pioneer Status or Investment Tax Allowance?” Let me give you the real story based…
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Continue reading →: (TAX UPDATE) The Tax Refund Myth
One client told me:“Don’t worry, once I get my tax refund from LHDN, I will settle your invoice.” I smiled, but deep inside… I wanted to say:“Boss, nowadays, tax refunds are not so fast. Better don’t plan your cash flow like that.” Many SMEs still believe refunds come within:30 working…
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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