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Continue reading →: (TAX UPDATE) E-Invoice for Foreign Workers
From 1 August 2024, Malaysian employers must apply the right e-invoice treatment for foreign workers. The rules differ depending on the working arrangement. Full-time employees : No e-invoice needed. Report wages in Form E and EA/EC. Freelancers (individual) : Issue self-billed e-invoice. Freelancers with Malaysian company : Request e-invoice from…
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Continue reading →: My Pickleball Confession
Yesterday, I walked into the pickleball centre with a mission. A solo mission. Just me, the ball machine, and 60 minutes of focused drilling. No chit-chat. No social games. No distractions. My menu was simple: I was ready. Then… I saw six familiar faces on the court. Friends. Regulars. All…
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Continue reading →: (Tax Update) Group Relief : 20 Years of Change
On 31 July 2025, LHDN issued Public Ruling No. 2/2025, the most complete guide on group relief to date, combining almost 20 years of changes. Group relief, introduced in 2006, allows a loss-making company to transfer part of its current year losses to a related profitable company — reducing tax…
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Continue reading →: The First Time I Got Paid
I still remember my first paycheck in an accounting firm back in 1990. RM280 plus RM20 COLA.Emm. what is cola?I only Coca Cola No bank transfer.No “your salary is in” notification.Just a paper cheque. Every month,I would walk to UMBC Bank (now RHB),queue up, and pass the cheque to the…
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Continue reading →: (TAX UPDATE) Group Relief 2025: How SME Bosses Can Save Tax by Sharing Losses in the Group
Running a business feels like a roller coaster. Some years you’re celebrating profits, and some years you’re staring at red numbers. If you own a group of companies, chances are one is doing well, and another is struggling. Here’s the good news. LHDN allows you to offset tax across companies…
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Continue reading →: Why I Chose ACCA Over LLB
In the 90s, life was simple but tough. I was a kampung kid with no money for overseas university. My career choices? Only two: LLB (Law) or ACCA (Accounting). Affordable, recognized, and practical. I pictured my life as a lawyer first. Blame TVB courtroom dramas and Hollywood movies. Lawyers looked…
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Continue reading →: The Day I Realised I’m a Happy Boss
Today, a small moment in a meeting made me feel ten feet tall. I was introducing my key personnel to a new business associate. Nothing fancy. Just a short introduction to show who’s who in the room. But it triggered a memory. I remembered a project from years ago ……
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Continue reading →: (TAX UPDATE) Tax Refund Stuck & Set-Off Rejected … The Hidden SME Cash Flow Trap
Last time, I, as tax agent, can easily help a client set off their tax refund against next year’s CP204 instalments. Today, things are different. LHDN now rejects the application to set off tax credit. Worse, the refund drags on for months, even years. Meanwhile, your business still needs to…
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Continue reading →: LHDN Can Decide Your Tax For You Even If You Already Submitted
SME bosses, this is the new reality. You submit your CP204 on time.Cash flow is planned.Then suddenly,CP205 arrives. LHDN increases your monthly instalment because they think your industry is doing well or your past pattern shows higher profit. Your cash is locked.Refunds are slow.Appeals are extra work. Malaysia’s tax collection…
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Continue reading →: Why I Rarely Eat Lunch with My Team (Even Though I Want To)
Last week, I casually asked one account executive to join me and our HR head for lunch with my ex-manager. Surprisingly, she said “OK.”No checking calendar.No excuse.Just “OK.”That “OK” felt like a small victory. I genuinely enjoy connecting with my team.But over time,I’ve accepted a simple truth …Most colleagues avoid…
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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