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Continue reading →: (TAX UPDATE) Give Staff Extra Care Leave. Claim Extra 50% Tax Deduction.
“Boss, my father just came out from hospital.Can I take extra paid leave to care for him?” The boss’s heart says,“Of course. Family is important.” The boss’s cash flow says,“Aiyo…who pays?” Now, the Government may share a small part of the cost. Under P.U. (A) 289/2026, a qualifying employer may…
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Continue reading →: “Boss, Our Industry Got Work-Life Balance Or Not?”
Today during Friday Boss Talk,one of my new colleagues asked me a very practical question. “Boss, our industry got work-life balance or not?” I looked at him.Then I said,“Frankly speaking…No.” 😂😂😂 Maybe not the answer a new colleague expects from the boss. But I rather tell the truth.Because our profession…
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Continue reading →: SOCSO Came To Our Office.
SOCSO Came To Our Office. Last week, PERKESO officers came to KTP office. The moment Ms Angela Fong, my HR manager,said,“SOCSO coming.” I became very quiet. 😐😐😐 First question.“Angela, audit ah?” Second question.“Payroll okay or not?” Third question.“Which SOCSO department?” Suddenly,I ask myself “Why us?” 😂😂😂 Actually, the visit was…
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Continue reading →: (TAX UPDATE) JS-SEZ Offers 5% Tax. SME Boss, Do You Have RM500 Million?
The boss saw the headline.“JS-SEZ company tax only 5%?” His eyes became very big.“Our company is in Johor.”“Can apply or not?” I looked at the conditions.Then I asked him,“Boss, do you have RM500 million?” Suddenly, his eyes became normal again. 😂😂😂 Yes.The JS-SEZ tax incentive is real. Qualifying companies may…
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Continue reading →: Illegal Foreign Workers Caught, HR Too?
Imagine this.Immigration officers raid your factory. Foreign workers are checked.Some documents got problem. Everybody expects the workers to be taken away. Then the officer asks,“Who handles these workers?” Suddenly the whole office becomes very quiet.Then somebody points to one desk.“Account cum HR.” 😐😐😐 That person handles everything. Work permit.Payroll.EPF.SOCSO.Agent correspondence.Worker…
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Continue reading →: (TAX UPDATE) You Filed Your CKHT. One Year Later, HASiL Gives You 14 Days.
A company sold a piece of land. The gain was calculated.CKHT was filed.Tax was paid. The director asked,“Done already, right?”Everyone moved on. One year later,a letter arrived from HASiL. It referred to Section 27 of the Real Property Gains Tax Act 1976.It wanted four documents. Deadline?14 days. The boss looked…
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Continue reading →: AI Doesn’t Transform Companies. People Do.
AI Doesn’t Transform Companies. People Do. Last Saturday,I brought two colleagues to attend Ts. Dr. Chan Ler-Kuan AI Productivity Unlocked Class. To be honest,Half of the technical terms flew over my head.😂😂😂 But one sentence caught my attention.She said, “The number one success factor for AI transformation is leadership commitment.”“Not…
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Continue reading →: Unclaimed Money : What That Government Inspection Letter Really Means
Recently, one of our clients received a government inspection letter. Not from LHDN.Not from SSM. It came from the Unit Wang Tak Dituntut, Jabatan Akauntan Negara Malaysia, Negeri Johor. The client asked me,“Boss, why did we receive this?”“We also never claim any money from the Government.” I replied,“They are not…
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Continue reading →: My Birthday Milk Tea Came With A Spoon!
My Birthday Milk Tea Came With A Spoon! This week,my people bought me a milk tea as my birthday present. First impression.Very nice packaging.Nice paper bag.Nice cup.Very atas. I looked at it and thought,“Wah.”“My people really know how to choose.” Then I opened the paper bag.Inside…There was a spoon.I froze.…
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Continue reading →: (TAX UPDATE) Transfer Pricing Exemption Applicable to You?
An SME boss told me,“Both companies belong to my family.”“Both are in Malaysia.”“So Transfer Pricing Documentation is not required, right?” I asked him 3 questions.“Does either company enjoy a tax incentive?” He kept quiet.“Are both companies taxed at the same headline tax rate?” Still quiet.“Did either company suffer losses for…
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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