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Continue reading →: [TAX UPDATE] Warning to All PLT Owners … You’re Now on SSM and LHDN’s Radar
Running a PLT because it’s “simpler” than a Sdn Bhd? That used to be true until now. SSM has begun physical inspections on PLTs under Section 27C(1) and Section 69. They’re reviewing your: Effective 31 Jan 2025, all new PLTs must submit: And all PLTs (yes, even existing ones) must:…
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Continue reading →: Why More and More Accountant Parents Don’t Let Their Kids Study Accounting
Let me share you a true story… A few months ago, a viral story from a doctor warning SPM straight-A students not to blindly choose medicine went viral. He said:Being a doctor means no personal time, constant standby, missed meals, endless studying and despite it all, still kena scold by…
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Continue reading →: (TAX UPDATE) MIDA PS/ITA – Tax Incentive Can Also Bayar Balik If You Tak Jaga
Boss, getting MIDA approval for Pioneer Status (PS) or Investment Tax Allowance (ITA) is not the end. It’s just the beginning. Too many SME bosses think once the approval letter comes in, tax savings are confirmed. But the real danger starts after approval … when you forget the conditions you…
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Continue reading →: “What to Eat Today?” is The Hardest Daily Question
Every day, just after 12pm, something strange happens at our office. The phones stop ringing.The audit team stops ticking.The tax team stops calculating. No, it’s not a fire drill.It’s not the client calling.It’s not even the boss walking in. It’s The Question. “Eh, later eat what?” You might think we…
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Continue reading →: New EPF Rule for Foreign Workers in Malaysia
Starting 1 October 2025, all foreign workers in Malaysia (except domestic workers) will be automatically enrolled in EPF. Employer pays 2%.Employee pays 2%. On paper, it looks minor. But let’s be real! 2% won’t make foreign workers rich, and it won’t bankrupt employers. Yet in today’s climate of tariff trade…
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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…
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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