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Continue reading →: 排场 — The Day I Learned I Had “No Show”
Years ago, I collaborated with an insurance agency to conduct a tax seminar. It was a simple sharing session, free of charge, held at my office with about 50 participants. It seemed straightforward—share knowledge, add value, keep things professional. To me, that’s what mattered. But after the seminar, the insurance…
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Continue reading →: 年度汉字… 升
2024 has been a eventful year for the accounting industry, and if I had to choose one word to sum it all up, it would be “升”—meaning “rise” in Chinese. But this rise hasn’t been all about progress; it also carries a heavier side of life that we cannot ignore.…
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Continue reading →: A Personal Experience with Donations
Recently, I made a donation to an approved donation centre (name withheld out of respect). To my surprise, the receipt I received completely failed to comply with the Inland Revenue Board (IRB) guidelines under Section 44(6) of the Income Tax Act 1967. The receipt lacked critical details such as a…
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Continue reading →: Tax Paid by Employers: What You Need to Know
Did you know that when an employer agrees to pay an employee’s income tax, this “benefit” is considered part of the employee’s taxable income? While this might seem like a generous gesture, it comes with tax implications for both the employer and the employee. I will break down the essentials…
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Continue reading →: When Ex-Clients Seek Free Advice
Last week, a former client who had switched to a cheaper service provider called me. He inquired about tax planning for a company car registered under an employee’s name. Specifically, he asked if the employee should charge car rental to the company!!! I explained that, according to the Inland Revenue…
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Continue reading →: What Do Clients Complain Most
A client walks into their yearly audit review, hopeful for a smooth and efficient process. Instead, they are greeted by a new Person-in-Charge (PIC), unfamiliar with their company’s unique challenges. Frustration mounts as the client spends hours re-explaining issues that were supposedly resolved in previous audits. Sounds familiar? This is…
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Continue reading →: (Tax Update) Attention Employers: Prepare for the Transition to e-PCB Plus!
The Inland Revenue Board of Malaysia (IRBM) is introducing a new e-PCB Plus system starting from the assessment year 2025. This system will replace the existing e-CP39, e-PCB, and e-Data PCB systems for the submission of PCB (Potongan Cukai Bulanan) statements and payments, including CP38 deductions. To ensure a smooth…
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Continue reading →: ACCA in the 90s: 18 Papers
Back in the 90s, pursuing ACCA was like running a marathon uphill. The qualification demanded me to clear 18 papers, spread across three (3) grueling levels. Today, students face just 13 papers, and honestly, I can’t help but marvel at how much “easier” the journey has become. One of the…
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Continue reading →: Happy Birthday Ms Lim
Last Thursday, we celebrate a special day for a very special person in the KTP and THK family – Ms. Lim Nguan Lian, fondly known as Nanny. For over 23+ years, Ms. Lim has been a key pillar of KTP, shaping our journey with her dedication and invaluable contributions. From…
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Continue reading →: Sell Me The Pen
Let me explain the purpose of the “sell me this pen” from the famous quote from the famous Malaysia movie “The Wolf of Wall Street” I might start immediately listing the pen’s features back then :❌This pen is great❌ It writes smoothly❌ It’s the best value But slowly I knows…
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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