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Continue reading →: Home-Grown Managers
For more than 25 years as a boss,I have been looking for one type of person. Doesn’t reject work.Doesn’t complain all day.Can understand the assignment given.If don’t understand, will ask.When there is a problem, will try to find a way to solve it. Most importantly,when I pass the work to…
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Continue reading →: (SME TAX STORY) Your Sdn Bhd Pays RM450,000 For An Alphard. But The Geran Is Under Your Name. Can Company Claim Tax? 😂
This is where many SME bosses get confused.Company pays.But geran is personal name.So whose car is it? According to HASiL Public Ruling No. 5/2014, there are TWO types of ownership for capital allowance. Legal owner.Whose name is registered on the car. Beneficial owner.Who actually paid for the asset and can…
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Continue reading →: ACCA 1990 vs 2027
I passed 18 ACCA papers.From 2027, ACCA will have 11. Finally.Something in this world got lesser. 😂 Food inflation.Property inflation.Salary inflation. ACCA papers?From 18 to 11.Close to 40% deflation. 😂 Suddenly, I flashback to 1990. I was working in audit and studying ACCA at the same time. Morning, go office.Daytime,…
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Continue reading →: Tax Incentive for a Malaysian Food Processing Company
KTP guided a small and medium-sized food processing company through the MIDA Pioneer Status process, from eligibility assessment to approval. The result was an exemption on 100% of its statutory income for five years. The result MIDA approved the company for Pioneer Status under the Promotion of Investments Act 1986…
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Continue reading →: (SME Tax Incentive) Case Study – Tax Incentive for a Hotel
Using Investment Tax Allowance,to turn a new hotel’s capital expenditure into tax savings A hotel operator developing a new three-star hotel,wanted to know whether the company’s substantial capital expenditure,could also generate tax savings. KTP identified Investment Tax Allowance (ITA) as the suitable tax incentive for this project,and guided the company…
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Continue reading →: (SME TAX STORY) Your Sdn Bhd Pays for a RM450,000 Alphard. The Geran Is Under Your Name. LHDN May Recognise Only RM50,000.
You walk into the showroom.The salesman pushes the HP form towards you.“Boss, company name or personal name?” You think for a while.“Personal name is easier lah.”So, the Alphard is registered under your name. But the company pays the deposit.The company pays the monthly instalments.The company also pays for the petrol,…
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Continue reading →: (SME TAX STORY) Your former employee can report you to HASiL tonight.
And you may never know who did it.Tonight, someone is sitting in front of a computer. He opens HASiL’s e-Pelarian Cukai.He is not a tax officer. He could be your former Accounts Clerk (kena marah).Your former partner (kena sacked).That neighbour who is jealous of your many luxury cars (hati kecil).Or…
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Continue reading →: In 1990, my first salary as an Audit Assistant was RM300. 😂
In 1990, my first salary as an Audit Assistant was RM300. 😂 RM280 salary.Plus RM20 COLA. When I saw COLA, I was still blur blur.“What is COLA?” I only knew Coca-Cola. 😂Those days, no bank transfer.No phone notification.And definitely no message saying. “Your salary has been credited.” Every month,I would…
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Continue reading →: (SME E-invoice) The Holding Company Earns the Interest. So Why Must the Subsidiary Issue the e-Invoice?
Interest income belongs to the Holding Company,BUT the Subsidiary may be the one issuing the e-Invoice. A client asked me this recently:“The Holding Company lends money to its Subsidiary, and the Subsidiary pays interest to the Holding Company.” At first glance, most of us may think:“The Holding Company earns the…
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Continue reading →: (SME TAX STORY ) Same Mooncake. Same Price. LHDN May Allow 100%, 50% Or 0%. 🥮
Today is Mid-Autumn Festival. Your admin asks:“Boss, this year order 100 boxes of mooncakes?” You check the list. 10 for staff.50 for customers.40 for suppliers. Same bakery.Same mooncake.Same price. You approve.Simple, right? Not really. 😂 Because for tax purposes,those 100 identical mooncakes may end up with very different deductions. Staff…
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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