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Continue reading →: My Managers are Superwoman
This Tuesday, I had a long lunch with my managers at Haidilao (海底捞). We didn’t talk about work at all. We just caught up with each other before the Chinese New Year and after the busy January period. A good manager can make your life better. A good manager does…
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Continue reading →: Public Speaking for Accountants
This Wednesday, I took on a new role at work: leading the ‘Quiz of the Day.’ The topic? Tax deductibility on company trips for employees. This was a bit out of the ordinary for me, as I’m usually the one doing the talking. But, Kam Shi Zhen (Bryan) and Yong…
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Continue reading →: Public Ruling 10/2023 Pioneer Status Incentive
The publication of Public Ruling 10/2023 on the Pioneer Status Incentive by IRBM on December 29, 2023, is particularly relevant. As tax agents, we consistently recommend that our taxpayers and investors consult official publications from MIDA. Pioneer Status is, in general, given by way of exemption from tax on 70%…
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Continue reading →: I hate #yoga
The idea of twisting and contorting my body into various impossible poses felt as challenging as watching a Chinese aerobic performer in the middle of a circus act. I often grappled with muscle cramps during Yoga from my feet, legs, back, buttocks, shoulders, hands, and neck, primarily because of my…
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Continue reading →: Lesson From Tennis
During tennis match with my coach every Tuesday morning since 2023 , I learned the difference between playing to win and playing safe. As an hashtag#accountant, I usually play it safe (striaght into middle of court) because that’s what I’m taught in accountancy study…hashtag#prudence and hashtag#consistency concept. In club tennis,…
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Continue reading →: CGT Filing and Tax Payment Deadline
Taxpayers are to submit CGT tax returns and make tax payments within sixty day (60) of the date of disposal. For assessments raised under sections 91, 96A, and subsections 90(3), 101(2) of ITA 1967, the tax / balance of tax shall be paid within 30 days from the date of…
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Continue reading →: Audit of Less Complex Entity (LCE)
Last Friday, at our January birthday celebration, I briefly mentioned the important new auditing standard for Less Complex Entity (LCE). I’m enthusiastic about this new approach. Here are the key points: 1. Simplified Requirements:The standards for LCEs are designed to be less complex and more straightforward compared to those for…
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Continue reading →: You Are Here To Solve Problem
This is the message on my door before you enter my room. I (my managers as well) don’t just give answers to my employees. Giving answers is like feeding them once; they don’t learn to solve problems themselves. When an employee has a problem, I (my managers as well) don’t…
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Continue reading →: (Tax Update) 5% Surcharge on Transfer Pricing (#tp ) Malaysia
With effect from 1 January 2021, the hashtag#irb may impose a surcharge of up to 5% on any increase in income or reduction of any deduction / loss arising from these adjustments. A surcharge is imposed on a Transfer Pricing (TP) adjustment made under Section 140A of the Income Tax…
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Continue reading →: Zero Tolerance for Abusive Behavior
At hashtag#ktp , we are deeply committed to delivering exceptional service to our clients. Our dedicated team of professionals is always ready to assist, ensuring that every interaction is marked by courtesy, respect, and a high degree of professionalism. As such, we kindly request that our clients extend the same…
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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