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Continue reading →: Loans to Directors: What’s the Tax Deal?
When a company gives a loan to its directors (the big bosses), the company gets interested. If the loan is given with no interest or at a rate lower than usual, the company might still have to pay tax as if it earned interest on that loan. This is because…
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Continue reading →: The Bet That Never Happened In Bowling Alley
To celebrate the end of our peak season for 2024, we decided to have a little fun with a bowling game for the KTP crew. It was meant to be a light-hearted event—a chance to unwind, share some laughs, and maybe even show off a few hidden talents. Now, knowing…
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Continue reading →: My First IT Intern
I’ve got a rule at KTP: I don’t usually interview juniors or interns. Not because I don’t care, but because I trust my team to handle it. They’ve got the experience, the knack for spotting talent. But recently, I broke that rule. And I broke it for a very good…
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Continue reading →: We Can Settle (Gaoding) – A Story of Expectations vs. Reality in Tax Compliance
Recently, a client approached us with a confident statement, saying, “We can settle with the income tax people when they come.” It was a statement filled with assurance, as if tax audits were merely a casual negotiation at the pasar malam. At KTP, however, we know better. Many think tax…
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Continue reading →: 🚨 Cybersecurity Alert! 🚨
On August 26, 2024, Pasarana Malaysia Bhd confirmed a cybersecurity incident involving unauthorized access to parts of its internal systems due to a ransomware attack. This serves as a stark reminder of the increasing cyber threats facing our organizations today. Coincidentally, on the same day, four new subsidiary legislations under…
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Continue reading →: Rethinking Parenting and Education Through Laughter
People often ask me if my daughters will take over my KTP business. My answer is always the same: No. I want them to choose their own paths in life. Recently, I watched a movie called “Successor”. At first, I didn’t expect much—it’s a comedy, after all. I thought it…
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Continue reading →: Cash Not Enough
Last Thursday, I had a close-up meeting after audit to discuss the company’s cash flow concerns, despite a noticeable increase in sales. After thoroughly reviewing the financials, I’d like to share the root causes that were identified during our discussion: Inventory BuildupTo meet the rising demand, the company has stocked…
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Continue reading →: Don’t Rely 100% on Google or ChatGPT.
This morning, I decided to throw a little challenge at our juniors and interns with the “Quiz of the Day.” It’s a tradition at KTP where either a partner or a manager dishes out a work-related question to newcomers. They get 30 minutes to research, write, and submit their answers.…
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Continue reading →: The AI Power Hour: A Typical Friday at the Office
Last Friday, just like any other, I gathered my colleagues for our weekly AI power session—a time where we explore and harness the latest tools that can make our work smarter, not harder. It’s become somewhat of a tradition, and I can say it’s one of the highlights of my…
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Continue reading →: Why I Do Play Badminton
Everyone at work keep asking me, “Eh, you so gila in tennis, how come don’t join our company badminton game?” Let me explain, badminton and tennis might both have rackets, but they’re like char kway teow and spaghetti – totally different dish ! First thing, tennis is all about using…
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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