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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…
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Continue reading →: Why Do I call Him Master Photographer?
As a hobby photographer, understanding what makes top photographers’ work special is truly eye-opening. Take Evan Vucci’s iconic shot of Trump. While most people would have ducked for cover, Vucci captured a historic moment. His calm under pressure, perfect angle, and timing resulted in a masterpiece. To capture such moments,…
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Continue reading →: Why KTP Keep Our Personal Tax Clients List Selective?
At KTP, we are very careful when choosing our personal tax clients. Let me explain why. Personal tax is quite simple and can be done easily online. Most people don’t need much help with it. Because of this, we don’t focus much on personal tax clients. Instead, we prefer to…
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Continue reading →: My Mountaineering Journey: Challenges and Lessons from a Malaysian Perspective
Mountaineering has always been my passion. The thrill of scaling new heights, the breathtaking views from the summit, and the sense of accomplishment are experiences that words often fail to capture. My last mountaineering trip before the MCO was an unforgettable expedition to Chulu West 6418 meter in Nepal. However,…
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Continue reading →: Why I Insist on Stock Takes: Lessons from a Near-Failure MIA Practice Review
I almost failed my practice review from MIA because of the attendance of physical inventory counting as per ISA 501 Audit Evidence – Additional Consideration for Specific Items. Here’s what happened on my first practice review in 2007. “For two of the engagements selected for review, no observation of inventory…
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Continue reading →: Tax Insight : Navigating the Complex Waters of Reinvestment Allowance (RA)
Recently, we at KTP had an enlightening interaction with one of our new transferred clients that perfectly illustrates the complexities of handling tax incentives like the Reinvestment Allowance (RA). The client expressed frustration, pointing out that our approach seemed far more cumbersome than their previous tax agent’s, remarking, “KTP ask…
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Continue reading →: 🌟Tax Insight: Revisit Reinvestment Allowance (RA) 🌟
Reinvestment Allowance (RA) is particularly geared towards companies looking to reinvest in their operational capabilities across agricultural, manufacturing, and integrated activities. 🌟Why RA Matters🌟The RA is not just a tax incentive; it’s an opportunity for businesses to strategically reinvest and innovate. By allowing a claim of 60% on qualifying capital…
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Continue reading →: Mind Your Language
Dear Fellow KTP Colleagues I hope this message finds you well. I wanted to share an email extract from a former probationary employee (a Chinese graduate from local university) : “Since the assignment date is 12.04.2023, but I start to do the audit of the assignment date is 17.05.2023. Before…
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Continue reading →: Why I Move Away from Low-Fee Clients
Recently, we had a client leave because they demanded a low fee despite an impending filing deadline. We explained the potential penalties for late filing, but they insisted on leaving. While I respect their decision, I am genuinely puzzled by how some firms continue to charge fees that have not…
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Continue reading →: Why We Celebrate Colleague Birthdays at KTP
At KTP, we believe in celebrating our colleagues’ birthdays every month for several reasons. Even though we are incredibly busy, especially during this super peak season, we make it a point to recognize and celebrate these special days. It’s part of our commitment to valuing each individual. Taking a moment…
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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