-
Continue reading →: Digital Procedures for Appointing Company Directors’ Representatives in MyTax
Key Takeaways : 1. Online appointments for representatives :Starting from 1 January 2023, Company Directors can use MyTax to appoint representatives online. 2. Eligibility for representatives :Representatives must be equipped with both a Tax Identification Number (TIN) and an Individual Digital Certificate to be eligible for appointment. 3. Document verification…
-
Continue reading →: The Risks of One-Page Management Fee Agreement
➡Background of Multi Square caseIn the case of Multi Square Sdn Bhd vs. Ketua Pengarah Hasil Dalam Negeri, the High Court determined that management fees aren’t tax deductible due to the Management Services Agreements (MSAs) being seen as sham agreements. ➡ Key takeaways include:Multi Square is a subsidiary of Sersol…
-
Continue reading →: Why do I like #trails?
✅Do you know that I run most of my ultras on the trail? I hate boring road marathons!✅Do you know that I am a member of Hash House Harrier (Kulai + Gunung Pulai)✅Do you know I ride MTB on the trail regularly? I love trail running and walking because it’s…
-
Continue reading →: Essential Traits in the Top Service Professional (tips for for my seniors, assistant managers, and managers).
The service industry demands unique skill sets and traits to navigate its challenges. ➡ Handling rejection: Rejection is common, but resilience turns these instances into learning experiences. ➡Delivering results: Efficiency and timeliness are paramount. Meeting or exceeding client expectations ensures satisfaction and repeat business. ➡Problem-solving: Inevitable hiccups require quick, innovative…
-
Continue reading →: ➡ Malaysia’s New Transfer Pricing Rules 2023: Key Highlights
The Income Tax (Transfer Pricing) Rules 2023 (“TP Rules 2023”) have been gazetted on 29 May 2023 and will take effect from the year of assessment (“YA”) 2023 and subsequent YAs. TP Rules 2023 replaces the Income Tax (Transfer Pricing) Rules 2012 (“TP Rules 2012”). ➡ Introduction and ApplicabilityEffective from the…
-
Continue reading →: Avoiding Pitfalls: Top Mistakes in Financial Statements
Financial statements are crucial reflections of a company’s financial health. Ensuring their accuracy is essential for several reasons: 1. Professional ImageMistakes, even minor ones, can tarnish a company’s reputation, raising doubts about our auditor’s competence. 2. ProfessionalismBeyond mere numbers, financial statements represent a company’s commitment to high standards. Errors can…
-
Continue reading →: Confession of a seasoned #golfer (13 阿姨 or 13 阿哥)
1. I’ve been #golfing for over 20 years.2. Started out at a handicap of 16. Now? I’ve “shaved” it down to 15. Say what? Improvement!3. To my kaki #golf (golf buddies)? Handicap 13, better don’t play-play! It can be 13 阿姨 or 13 阿哥4. My 3-wood shot? longer than most…
-
Continue reading →: Transition to E-Invoicing Challenges and Strategies
The journey to full e-invoicing implementation can be fraught with challenges. Here are some of the most common challenges and considerations when implementing e-invoicing: ☑Integration with Existing SystemsMany companies use legacy systems for their accounting and invoicing needs. Integrating new e-invoicing solutions with these systems can be complex and require…
-
Continue reading →: Mind Mapping Tutorial To Summarise MFRS 110- Event After Reporting Period
Struggling with lengthy financial documents or technical material.? Learn how to simplify them with mind mapping! In this step-by-step tutorial, I guide my colleagues through the process of summarizing Malaysian Financial Reporting Standards, specifically MFRS 110-Event After Reporting Period, and the solvency test under the Company Act 2016 using mind…
-
Continue reading →: Guiding My Colleagues to #HalfMarathon 21km Success 🏃♂️🏃♀️🏅
Shi Qing Chai Kam Shi Zhen (Bryan) , Liu Shi Lee, Yong Chun Gan, Sim Kwan Jie. Congratulations on your remarkable half #marathon achievement! As your coach, motivator, pacer, nutritionist, and trainer throughout this incredible journey, I am immensely proud of your determination and remarkable growth. The fact that I’ve…
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.
Let’s connect
Join the fun!
Stay updated with my latest journal by subscribing my page
Koh Teck Peng Blog 