-
Continue reading →: How to Improve Tax Knowledge Based on My Experience Part 3
… Continue from Part 2 https://bit.ly/3LYq7EX As a licensed tax agent in Malaysia, it’s crucial to teach our tax juniors to master the skill of researching and applying tax cases. Understanding how to dissect and analyze case law will enhance your ability to provide accurate and comprehensive tax advice. Here’s…
-
Continue reading →: My Recovery Journey on 3 Ribs Broken
Two weeks ago, I found myself tumbling 10 feet down a trail in Tiram, landing with a thud that left me with three broken ribs. The pain was like a jolt of electricity coursing through my body—walking felt like an impossible task for first few days Sleeping in a bed?…
-
Continue reading →: Key Updates from IRBM for Employers
Despite our continuous reminders, many employers still make common mistakes such as: ✅ Late or non-submission to notify IRB about new employees.✅ Late or non-submission to notify IRB about resigning employees.✅ Providing incorrect information. Starting January 1, 2024, IRBM mandates online submission of Form CP21 via MyTax for employees leaving…
-
Continue reading →: How to Improve Tax Knowledge Based on My Experience Part 1
As a licensed tax agent in Malaysia, it’s crucial for our tax juniors to master the skill of researching and applying tax cases. Understanding how to dissect and analyze case law will enhance your ability to provide accurate and comprehensive tax advice. Here’s a structured approach to help you navigate…
-
Continue reading →: (Tax Update) High Court Ruling on Rental Income
In the landmark case of BAZ Consolidated Sdn Bhd v Ketua Pengarah Hasil Dalam Negeri [2024] 1 AMR, the High Court addressed crucial tax issues on rental income. Here are the key takeaways for our clients at KTP: ✅ Income ClassificationRental income should be classified under Section 4(d) of the…
-
Continue reading →: (Office) Naming KTP Explained
This November, as KTP & Company celebrates its 25th anniversary, it’s the perfect time to tell you why we’re named KTP. It’s not just a random choice, but a necessity because of strict rules and our commitment to doing things right. Twenty-five years ago, when I was about to start…
-
Continue reading →: Avoid Incriminating Evidence in Audit Working Papers
As a partner at KTP, I would like to share a crucial lesson about the importance of good audit documentation. Let me take you back to a scenario we encountered recently, which underscores the seriousness of this issue. The story … Imagine we are in the middle of an audit…
-
Continue reading →: Key Updates in E-Invoice Guideline (Version 3.2)
✅Interim Relaxation Period: Six-month relaxation from the mandatory e-Invoice implementation date for each phase. ✅ Consolidated e-Invoices: Allowed for all transactions, including self-billed, during the relaxation period. ✅ Description Field Flexibility: More leniency in the “Description of Product or Service” field during the relaxation period. ✅ No Individual e-Invoices Required:…
-
Continue reading →: Common Bookkeeping Mistakes : Lessons from 35 Years of Auditing
Bookkeeping might seem straightforward, but my 35 years of auditing in Malaysia have shown otherwise. In Johor Bahru, the quality of accounting done by in-house personnel or outsourced third parties has been on a worrying decline, aggravated by the difficulty in recruiting skilled accounting staff. Here are some common mistakes…
-
Continue reading →: Who Am I?
Dear Colleagues I don’t handle interviews anymore; my HR manager and audit/tax managers take care of that now. Imagine my surprise when I bumped into a new intern in the common area on her first day of working. I greeted her with a “Good morning” and asked, “Do you know…
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.
Let’s connect
Join the fun!
Stay updated with my latest journal by subscribing my page
Koh Teck Peng Blog 