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Continue reading →: (Tax Update) The Most Common Mistakes Found During an LHDN PCB Audit
Don’t assume that paying your PCB every month is enough to pass an LHDN PCB Audit. The PCB audit letter arrived.Deadline, 14 days. Boss immediately called HR.“Our staff PCB all paid properly, right?” HR checked the payroll.“Yes, boss. Every month paid on time.” Everyone relaxed.Then LHDN asked for the director’s…
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Continue reading →: I HATE PERKESO.
Boss, you think Lindung 24 Jam become voluntary,means one less thing to do?No. It just changed from payroll deduction problem to paperwork problem. June payroll just finished.Payslip suddenly got one more line.Lindung 24 Jam.0.75%.Staff net pay became slightly less. Staff immediately asked:“Boss, why deduct more?” Before you can finish explaining,…
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Continue reading →: Durian Makanton: Why I Let Managers Vote
Two weeks ago durian price drop until rock bottom. You know that feeling when you walk past the stall and suddenly the auntie say “boss, hari ni murah”? That one. So I do something a boss not supposed to do. I don’t decide. I open a poll to my managers.…
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Continue reading →: I Am The Photographer, Videographer, Editor & The Boss
People thought KTP engaged a social media specialist.Actually, no. The PIC behind almost all pictures, videos, and images in our firm is me. Yes, a 57-year-old accountant. During office hours, I do audit, tax, valuation, client meeting, staff issue, and deadline chasing. My side job is photographer, videographer, editor, caption…
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Continue reading →: I HATE PERKESO.
Not because PERKESO is not important.But because the rules change faster than HR can update payroll. This month, PERKESO changed two things.Both affect one very common SME activity … HIRING PEOPLE Last time, onboarding for new hire was simple. Offer letter.EPF.SOCSO.EIS.Payroll. Done.Now, not so simple already. Hiring is no longer…
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Continue reading →: (Tax Update) You Don’t Disclose, You Scared Kena Caught. You Disclose, You Scared Kena Twice.
Boss asked me, “Mr Koh, this e-Invoice Special Voluntary Disclosure Program (SVDP), should I go or not?” I looked at him.He actually was not asking about SVDP. He was asking another thing. “If I walk in myself to confess, will LHDN pay more attention to me?”“Last time those voluntary disclosure,…
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Continue reading →: (Tax Update) Stamp Duty Is Not Always RM10
(Tax Update) Stamp Duty Is Not Always RM10 Many SME boss still think stamp duty is very simple.“Any agreement just stamp RM10 only lah.” This is the sentence that makes tax agent suddenly very quiet.Because in Malaysia, stamp duty is not based on how simple your document looks. It is…
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Continue reading →: (TAX UPDATE) Shareholders’ Dispute
When doing business with partner, the scariest thing is not losing money. The scariest thing is no written documentation on breakup. Recently, the big businessman and influencer story, many people are watching the drama.Who is right, who is wrong, I don’t comment. But SME bosses should not only watch the…
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Continue reading →: (Tax Update) Boss opened a Holding Company and thought he had upgraded into a group of companies
On top, one Holding Sdn Bhd.Below, one Trading Subsidiary Sdn Bhd. Chart very nice.Box very neat.Arrow also got feel. Looks less like SME.Looks like preparing for listing already. Until I asked one question:“What does the holding company actually do?” Boss said,“Also got do a bit of trading.” I asked again,“What…
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Continue reading →: (Tax Update) Below RM1 Million, Then No Need e-Invoice?
Careful.This sentence may cost SME boss money. Recently, many bosses tell me the same thing.“Mr Koh, my company turnover below RM1 million. So e-Invoice no need lah.” I ask one simple question.“Your company is owned by who?” Then the room becomes quiet.Because e-Invoice exemption is not only about your revenue.It…
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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