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Continue reading →: (Tax Update) Tax Implication on Waiver of Debts
As a tax agent, I am deeply concerned about debt waivers, especially when a company decides to close its doors for good (strike off or winding up). A recent tax case, Multi-Purpose Credit Sdn Bhd (MPC) v. Director General of Inland Revenue (DGIR), highlights why this is such a big…
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Continue reading →: Why I Ride #bicycle During Lunch?
Do you know I used to ride from Kulai to Taman Molek via Desaru Highway to work from 2016 to 2017? Despite what it might seem, I’m not an extreme biking hardcore hashtag#cyclist. I only stopped from cycling to work when on the highly publicised road accident that killed eight…
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Continue reading →: Malaysia Service Tax Rise to 8% March 2024
Here’s what you need to know:✅ Some services like food, telecom, parking, and logistics stay at 6%.✅Credit card fees remain at RM25/year.✅Other services like accommodation and clubs will be taxed at 8%. Transition Rules:✅ Services provided before March 1, 2024, are taxed at 6%, but after that date, it’s 8%.✅Payments…
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Continue reading →: What’s in Store for Our #ktp Sport and Recreation Club in 2024?
Reflecting on our successes from last year, where we conquered a half marathon (21km) and a 15km social run through dedicated training, we’re now looking forward to setting our sights even higher for 2024. What next in 2024? As we brainstormed potential events to participate in, it became evident that…
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Continue reading →: What Directors Should Do After Incorporation?
In Malaysia, it’s crucial for businesses to stick to deadlines set by government agencies like the Inland Revenue Board (IRB) and the Companies Commission of Malaysia (SSM). Failing to meet these deadlines can lead to problems, including financial penalties and legal issues. So, it’s important for businesses to understand the…
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Continue reading →: Common Mistakes in Form E Regarding Company Trips:
In our hashtag#ktp blog, our audit associates Kam Shi Zhen (Bryan) and Yong Chun Gan from hashtag#ktp have highlighted some common errors often made by taxpayers when dealing with Form E in the context of company trips. One significant misconception is related to the taxation of airfare costs. Initially, employees…
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Continue reading →: Are you curious about the #ktp experience?
In this enlightening session conducted in English on the Zoom platform, I invite you to dive deep into the diverse experiences at KTP as shared by our dynamic team members: 1. Ain, an enthusiastic intern.2. Aiman, a motivated fresh graduate.3. Fatira, an experienced professional. They’ll be candidly sharing their personal…
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Continue reading →: The Happy Healer
Two weeks ago, something funny happened. Angela, who takes care of our office stuff, started having a really sore shoulder. She couldn’t even work and had to rest at home. She joked that instead of doing yoga at work, we should try getting massages! Guess what? I had a surprise…
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Continue reading →: Making Hiring Faster and Better for Applicants
A big question is, “Why do applicants have to fill out a form if they already sent in a resume?” In a world where hiring the right people quickly is important for businesses, it’s key to make the hashtag#hiring process smooth and easy for job seekers. This problem has been…
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Continue reading →: Age is Just a Number
Mr. AIA is 80 years old and an amazing example that age doesn’t limit what we can do. He started the Kulai and Gunung Pulai Hash House Harriers, a group I amm part of. At his age, he is still very active in our weekly activities in trail, which are…
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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