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Continue reading →: (Tax Update) E-Invoicing: Grace Period for 6 Months
The IRB has announced key concessions on e-invoicing to support taxpayers. Highlights include: ✅Consolidated E-Invoicing Allowed: All industries can issue consolidated e-invoices, even for importation of goods and services. ✅Flexible Descriptions: Any description can be used in the product/service field. ✅Grace Period: No prosecution for non-compliance from August 2024 to…
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Continue reading →: What Is The First Question Clients Ask?
Last month, during a routine onboarding session at KTP, I posed a question to our newest team members – experienced professionals who had joined us from other firms. “What is the first question most clients ask at the first meeting?” The room fell silent, filled with thoughtful nods but no…
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Continue reading →: 🌱 Big News for Agri-Business Owners! 🌾
Exciting times for those in Malaysia’s agricultural sector! The government, through Public Ruling No. 5/2023, is rolling out impressive tax incentives for approved food production projects. This initiative covers a spectrum of activities from crop planting to livestock rearing and even high seas fishing. Who’s Eligible?Companies and cooperatives focused on…
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Continue reading →: TIN under E-Invoice
Hey everyone, Guess what? The IRB’s TIN isn’t what you might think—it’s not your grandma’s old tin can for cookies or Milo tin can. Nope, this TIN (Taxpayer Identification Number) is all about keeping things tidy and tax-compliant in our e-invoicing world! Starting 1st August 2024, Malaysia is stepping into…
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Continue reading →: Why Dormant Company Audits Aren’t as Simple as They Seem!
Join me on a journey through the unexpected “complexities” of auditing dormant companies and discover why continuous learning and attention to detail are essential for every auditor. Last week, I received a dormant company for signing from a newcomer in our company. The person in charge (PIC) assured me, “Nothing,…
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Continue reading →: Bad Hand Writing
The other day, I had a light-hearted chat with one of our team members about his handwriting. Now, to be fair, my handwriting isn’t exactly a work of art either, but at least it’s usually readable. My said team member’s handwriting, on the other hand, often requires a manager and…
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Continue reading →: Tough Feedback 🤝🏽
Welcome to KTP! Every newcomer will be appraised on each assignment by their mentor or manager. Welcome to the journey of continuous improvement! Feedback might not always be what you expected, which can feel frustrating. Instead of asking “why,” focus on “how” to improve. Show enthusiasm for feedback. Don’t show…
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Continue reading →: Using AI to Manage Meeting Minutes
In our fast-paced business environment, I often hear, “I am too busy.” But what if we could switch that to “It’s already done”? Just yesterday, I checked with a colleague for the minutes of a meeting with a client. As usual, he mentioned he had no time to write them.…
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Continue reading →: (Tax Update) E-Invoicing Update: A Breakthrough for Micro-SMEs in Malaysia
Early Development to MSME In early July 2024, during a parliamentary session, Finance Minister II Datuk Seri Amir Hamzah Azizan announced new e-invoicing regulations and supports for MSMEs. These regulations exempt MSMEs with annual revenues below RM150,000 from the obligation to issue e-invoices. However, they also permit these MSMEs to…
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Continue reading →: A Guide for Business on Controlled Sales of Assets
Excited to share some transformations I have facilitated in the past : 1️⃣ Sole Proprietorship to Sdn BhdHelped “XXX,” a popular JB shop, transition into a private limited company. This move boosts credibility, attracts investment, and minimizes personal liability, setting them up for greater success. 2️⃣ Partnership to Sdn BhdGuided…
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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