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Continue reading →: Maximizing MIDA Tax Benefits: Why Sdn Bhd Companies Succeed Where Enterprise Fall Short
As a tax agent, I often emphasize the tax benefits of incorporating a Sdn Bhd (Private Limited Company) in Malaysia, especially when tapping into incentives offered by the Malaysian Investment Development Authority (hashtag#MIDA). Key advantages include: 1. Pioneer Status (PS) : This offers a 5-year income tax exemption on 70%…
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Continue reading →: I dislike Real Property Company (RPC).
The new Income Tax (Exemption) (No.7) Order 2023 has brought in some good news. It offers an exemption from income tax on gains or profits from selling shares in unlisted Malaysian companies between January 1, 2024, and February 29, 2024. This means that for shares of Real Property Companies (RPC),…
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Continue reading →: Long Email and Whatsapp Messages
In the past, my communication approach with office colleagues hashtag#ktp involved lengthy emails and WhatsApp messages. Exactly like the Energizer bunny slogan “keep going and going” However … This method proved ineffective for several reasons: My team found it challenging to grasp the essence of my messages, leading to misunderstandings…
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Continue reading →: Business acumen for senior auditor/tax agent
Last Friday, my managers replaced me for an important AGM meeting at the last minute. This made me think about the different skills needed for big meetings like AGMs, compared to regular audit and tax work. I asked why being at an AGM is different to my managers. The answer…
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Continue reading →: Stress in the workplace
Dear fellow colleagues at hashtag#ktp We, accountants at hashtag#ktp, often experience significant hashtag#stress, and it’s essential to recognize the signs of hashtag#overworking. Here are four indicators that you might be pushing yourself too hard: 1. Excessive work hours ⏲If you consistently find yourself working longer hours than your colleagues, it…
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Continue reading →: ISQM Internal Training Part 2
To my fellow colleagues I’m thrilled to share our latest YouTube guide: “Mastering ISQM – Part 2” from KTP & Company PLT. This comprehensive video is a deep dive into the International Standards on Quality Management (hashtag#ISQM) and is designed for both seasoned auditors and those new to the field.…
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Continue reading →: Don’t Send New People To Audit My Account
A common question from clients who prefer not to have new people hashtag#audit or handle their hashtag#taxes. My usual response relates to the strength of the Singapore dollar against the Malaysian Ringgit especially hashtag#ktp is in Johor Bahru. To expand on this, I normally address their concern more directly :…
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Continue reading →: My wishes in 2024
The reality is I probably already know what needs to be done… I just haven’t done it yet. Life gets easier when I embrace doing the hard things. Do what needs to be done. Happy New Year
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Continue reading →: The Essential Role of Stocktaking in Auditing
As the financial year unfolds, hashtag#auditors across the world engage in a crucial practice: stocktaking. For many new or transferred clients unfamiliar with this procedure, questions often arise about its importance and necessity. Stocktaking is not merely a routine task; it is a fundamental aspect of auditing that ensures the…
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Continue reading →: New Tax 2024 Malaysia
Welcome to 2024. hashtag#happynewyear Malaysia is introducing new hashtag#tax rules this year, and it’s important to know what’s changing. In this blog, I will talk about how these changes might affect you and your money. Let’s get ready for these new tax changes together. ➡1. Sales Tax on Imported Low…
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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