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Continue reading →: My First Speaking Engagement with MIA
I am super excited to share that I will have my very first time speaking at an event, and I got to do it with the Malaysian Institute of Accountants (MIA)! It will be a bit scary but also really exciting. Nerve wracking 300%. We, together with other fellow accountants…
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Continue reading →: (Tax Update) : Guidelines on Capital Gains Tax for Unlisted Shares
The Inland Revenue Board of Malaysia has issued the Guidelines on Capital Gains Tax for Unlisted Shares dated 1 March 2024 on its website. Key Summaries of the Exemption Order1. Introduction of CGT under the Income Tax Act 1967 (ITA) effective from January 1, 2024, with implementation starting March 1,…
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Continue reading →: Capital Gain Tax (CGT) Exemption – Gains From Disposal Of Capital Asset Arising From Outside Malaysia Received in Malaysia
The Income Tax (Exemption) (No. 3) Order 2024 (“Exemption Order”) was gazetted on 4 March 2024. Key Summaries of the Exemption Order1. This exemption applies to gains from selling foreign assets by certain entities include companies, partnerships, trusts, and co-operatives that meet certain conditions in Malaysia. 2. The exemption is…
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Continue reading →: Aura Test with My Key Management
Today, I suddenly decided to take my main team leaders for an aura test. We didn’t plan this before; it was a quick idea I had that I thought might help us. The reason for doing this out of the blue was to check how energetic my team feels right…
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Continue reading →: Expansion of Taxable Services – Repair & Maintenance
Royal Malaysian Custom Departments released the Service Tax guidance for repair & maintenance services in Malaysia, as of February 26, 2024. Key points include: 1. Introduction of service tax on maintenance or repair services under the Service Tax Act 2018 from September 1, 2018.2. Mandatory registration for providers exceeding a…
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Continue reading →: Read The E-Myth if you are in an accounting firm!
I just re-finished the “E-Myth revisted” (there is an E-myth for hashtag#accountants too, but I didn’t read that version). Here are the main points you can learn: 1. Balance Your RolesAccountants should not just focus on doing accounting work. They also need to think like bosses who plan for the…
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Continue reading →: Training KTP Group of Companies
I worked at a place where they didn’t focus much on training because they were worried trained employees would leave for other jobs. I think training is really important to help everyone grow. Our team had over 45 people. I set up a rule that everyone from new starters to…
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Continue reading →: Unresolved Question on Capital Gain Tax (CGT)
With the new CGT beginning on March 1, 2024, the lack of clear instructions has left taxpayers and businesses unsure about how to proceed. On January 15, 2024, the Inland Revenue Board of Malaysia (IRBM) published the filing process for the Capital Gains Tax Return Form (CGTRF) but didn’t provide…
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Continue reading →: How I Review Audit Planning Memorandum (APM)
Excited to share how we at hashtag#ktp approach the crucial phase of audit preparation with our Audit Planning Memorandum (APM). Think of the APM as our detailed guide for conducting thorough and effective audits. In my role as audit partner, alongside our dedicated managers and seniors, I delve deep into…
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Continue reading →: Common Mistakes In Form E
The deadline for Form E compliance filing is approaching. Here are some common mistakes on Form E in Malaysia based on my experiences : 1 .Incorrect Employee InformationMake sure to provide accurate details like name, IC number, and salary. 2. Incorrect Employer InformationDouble-check your company details such as name, registration…
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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