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Continue reading →: (Tax) IRB and SSM deadline extended, forgotten stamping and late lodgement better settle fast.
Last month, one client called me.He said, “Mr Koh, I just checked my file and found one tenancy agreement dated 2023. That time we signed already, kept in the file, but I think never stamp. Like this very bad or not?” I was not too shocked.Because this kind of story,…
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Continue reading →: I gave up my dream camping trip for a 5 hour classroom. Best decision I made this month.Let me tell you what happened last weekend. For weeks now my AI Transformation team and I have been stuck on our AI transformation project. The ideas part is easy.The execution part is where we keep banging wall. Hardware setup that I dont fully understands.Security questions that nobody can answer…
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Continue reading →: (Tax Update) Boss gives himself petrol allowance, thinking it is tax exempt.
After LHDN looked at the shareholding, they said:“You are not an ordinary employee.”This sentence, SME bosses really need to listen carefully. Many bosses give themselves some allowances every month.Meal allowance.Petrol allowance.Parking allowance.Telephone allowance.Childcare allowance. In the boss’s mind:“Isn’t this employee benefit?”“Public Ruling also says can exempt what.”“Company has been doing…
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Continue reading →: 老板敢敢发的朋友圈
Two week ago, one of my best staff sat across from me for her exit interview. She is leaving for Singapore. And you know what?I cannot stop her.I should not even try. Pei Jun joined us almost two years ago. Came in as an intern. Quiet. Still learning how to…
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Continue reading →: Late Father’s Day Gift. 4 Egg Tarts Came.
Late Father’s Day Gift. 4 Egg Tarts Came. Today, around 1pm plus, my backend support team suddenly passed me one Hock Kee box.They said, “Boss, late Father’s Day gift.” I was a bit shocked.Not because the gift was very expensive. But because normally backend support team supports system, supports workflow,…
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Continue reading →: I Was There When Japan Started Believing.
I have never watched a live World Cup match.But in 1997, I watched something very close to it. Japan vs Iran.World Cup play-off.Larkin Stadium, Johor Bahru. That night, Johor Bahru became part of Japanese football history. I still remember I had to queue weeks ago just to get the ticket.…
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Continue reading →: (Tax Update) Boss thought by splitting into five small businesses, LHDN will not notice.
But LHDN may still see the same person. Boss said, “Mr Koh, I found one way to escape e-Invoice.” The moment I heard this sentence, I knew today got story to listen already. He said, “I close the Sdn Bhd, then open five sole proprietorships. Each turnover below RM1 million.…
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Continue reading →: (Tax Update) Your SME May Not Have a Tax Problem. You May Have a Document Problem
Your SME May Not Have a Tax Problem.You May Have a Document Problem. Sales signed one agreement.Procurement signed one vendor contract.HR signed one employment related document.Operations signed one warehouse rental.Director signed one shareholder advance. Everybody signed.Nobody stamped. Then the documents disappeared. Three years later, when bank, investor, auditor, lawyer, tax…
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Continue reading →: Why I Don’t Exercise With My Colleagues Anymore
Last month, one client asked me, “Bro, why you don’t bring your colleagues for exercise already?” Good question. Sit down first. Let me tell you the whole story as I have been very active with my colleagues all this years. It all started during MCO. Cannot go anywhere right, so…
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Continue reading →: (Tax Update ) You Resigned as Director. But Did the Bank Release You As Personal Guarantor?
Recently, a former director came to us with one question. He had resigned as director.Sold all his shares.New shareholders already took over the company. To him, this company was already history.No more board meeting.No more signing documents.No more company headache. Then one day, he suddenly remembered something. The SME loan.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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