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Continue reading →: Personal Tax 2024
As the personal tax filing season commences, taxpayers are consistently reminded to utilize the LHDN’s e-Filing system for submitting their income tax returns. For first-time users, the process involves logging into mytax.hasil.org.my using their Identification Card number, selecting the appropriate form, filling in personal details, and submitting the necessary documents….…
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Continue reading →: The Art of Presentation
Last week, I accompanied my manager to a meeting with our hashtag#ktp client to discuss their finances. Before the meeting, I suggested that my manager should lead the conversation. After the meeting, I shared the key takeaways with my manager and proposed ways to improve our presentation. Here are some…
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Continue reading →: Buy Property Under Company or Personal ?
Choosing between purchasing property in Malaysia under a personal name or a Sdn Bhd involves weighing simplicity and tax benefits against liability protection and estate planning. Personal purchases are straightforward, with potential tax exemptions and better financing rates but carry personal liability and limited tax deductions. Sdn Bhd offer limited…
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Continue reading →: Why Professionals Are Leaving The Firm
Fresh Graduates:⛔ Work-life balance: Long hours and high demand lead to early burnout.⛔ Career progression: Perceived slow advancement and routine work.⛔ Compensation: Entry-level salaries may not compete with other fields.⛔ Interest misalignment: Discovering a lack of passion for auditing.⛔ Alternative opportunities: Pursuing roles with better alignment to personal interests and…
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Continue reading →: 我对待离职员工的心态
人生没有什么事不可放下, 也不必耿耿于怀, 聚不是开始, 散也不是结束. hashtag#无常 任何关系走到最后都不过是相识一场, 有心者有所累, 无心者无所谓, 情出自愿，不谈亏欠.hashtag#无空 一念起, 天涯咫尺, 一念念, 咫尺天涯. 你会发现呢，你理解身边的每一个人, 每个人都只是处在了不同的能量的频率, 没有好坏, 没有对错. 每个人只不过是呈现出了不同的状态, 做出了不同的选择而已, 那这时候你会真正的允许自己做自己, 也允许别人做别人. hashtag#慈悲心 你关注什么就会吸引什么, 你总是抱怨生活就是不顺和坎坷, 你凡是感恩, 你收获的就全是信任和美好. 对于他们过往的种种付出, 我心怀感激。无论是在我们成长的过程中, 还是在我们面临挑战和困难时, 他们给予的支持和帮助都是无价. 弘一法師曾說：緣份本來就稀薄寡淡, 相伴一程已是萬分感激. hashtag#因缘 Translate into English from ChatGPTExpress Gratitude Towarda Resigned Colleagues In life, there is nothing that we cannot…
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Continue reading →: MIA Speaking Engagement
Exciting news! I recently had the opportunity to be a panelist at the Malaysian Institute of Accountants (hashtag#MIA) event “Challenges and Opportunities for Practitioners” in Johor today. Alongside three (3) other speakers Angela Lim, Jay Shong, Jason Thow we discussed the current state of the accounting industry, including the proposed…
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Continue reading →: SST Guideline for Logistic Service
Logistics companies often ask about the Service Sales Tax (SST), including: ❓If they need to pay SST❓Changes when tax increases from 6% to 8%❓Tax rules for Free Zone areas❓How to register for SST❓Which services are taxed at 6% The Royal Malaysian Customs Department’s guidelines cover SST for logistics services starting…
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Continue reading →: SST on Logistics
The Finance Minister announced that taxes for logistics services won’t apply to certain areas to avoid extra taxing at different levels. The government made this change after listening to people’s concerns, including lawmakers, to make sure businesses aren’t paying too much tax when they use different logistics services. From March…
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Continue reading →: Understanding The Generation Gap
Today, I read an insightful article from 南洋商报 (Nanyang Siang Pau) on the topic of the “generation gap”. For those interested, the full article can be read in Chinese at their official website.https://https://lnkd.in/g8mDCVk5 Summary of Key Points: The saying “each generation is worse than the last” “一代不如一代” is often mentioned…
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Continue reading →: My thoughts on trying an e-bike:
Last Monday, my work organized an event where we rode ATVs. I told the OC that I wanted to try riding an e-bike off-road, something new for me. I was really surprised when I found out a new Surron e-bike costs RM29,000. I went ahead and rode it through a…
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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