-
Continue reading →: (Tax Update) Boss, you think Tax Appeal is “Argue first, Talk reason”?
Most of the time,you pay first,then slowly talk reason. Uncle Chen walked into my office last month, face pale pale one.Hand holding one LHDN assessment notice. Form JA.Amount: RM380,000. He sit down, straight away bang the table:“I don’t agree! I want to appeal!” I looked at him, asked one question:“Can.…
-
Continue reading →: (Valuation) Boss, RM5 Million Sales Does Not Mean Your Company Is Worth RM5 Million
Last week, I asked one SME boss a simple question.“Boss, how much do you think your company is worth?” He answered very confidently. “Mr Koh, last year sales RM5 million. So company value should be around RM5million lah.” I smiled. This is where many SME bosses get valuation wrong. Sales…
-
Continue reading →: I Wanted AI Transformation. Actually, I Wanted AI Miracle.
After Chinese New Year, we started our AI transformation journey with the engagement of an AI consultant. Now it is almost June.And I realised something painful. The biggest problem may not be my people and my consultant The biggest problem may be me.Maybe I am too ambitious.Maybe I am too…
-
Continue reading →: Can I Pay My 15 Year Old Daughter Commission?
This morning, one SME boss WhatsApp me.“Mr Koh, can I pay commission?” I replied:“To whom?”“For what purpose?” Before he could type his long explanation, I called him directly. Then the story came out. He wanted to pay commission to his 15-year-old daughter. Everything was nicely prepared.Payment voucher signed.IC attached.Bank transfer…
-
Continue reading →: I Called IRB Already. They Say Can.
This is one of the most dangerous sentences in tax.On and off, I receive calls and WhatsApp messages from taxpayers. Many start with the same magic sentence:“Mr Koh, I called IRB already. They say can.” Then I ask politely:“When did you call?”“Who did you speak to?”“Got name?”“Got email?”“Got written confirmation?”…
-
Continue reading →: I Said HYROX Macam Doable. Running Kaki Meets HYROX Pain
Before Chinese New Year, I made one dangerous decision. Not buying another motorbike.Not registering another Ironman.Not suddenly becoming vegetarian. Worse. I joined HYROX training.Why?Mid-life crisis? Maybe. Need something new to spice up my gym life? Confirm. I already go gym at least 3 times a week for one whole year.…
-
Continue reading →: LHDN may know your rental income before you declare.
Taxpayer buy house one year ago, LHDN already send letter three weeks later after S&P dateHe thought it was scam.Opened it. LHDN letter, real one. “Please explain how much you paid for the property. How much was the deposit. How much was the loan.” He just signed SPA, paid stamp…
-
Continue reading →: 26 Years as Tax Agent. Only 68 Personal Tax Clients. Why?
Many years ago, I was having Bak Kut Teh lunch. A few SME bosses talking loudly at the next table. Then that restaurant boss said something I still remember until today. He told his friend, loud and proud :“I told my outsourced account cum tax girl how much tax I…
-
Continue reading →: (Tax Update) Boss, Company Money Can Pay My Personal Tax ?
“Use company money pay my personal tax first. Deadline coming already.” Boss said it like nothing.Account lady panic. She called me straight away.“Mr Koh, can or not ?” This tax question looks biasa today.But can become very expensive when LHDN asks later. In many SMEs, the boss thinks very simple:“Company…
-
Continue reading →: Today is 11/5. My personal tax still not filed. And I am a licensed tax agent
Four more days to deadline. I am lucky one. My personal tax is handled by Miss C, my group Finance Manager, for years. One designated person, same person every year. Like got auto-pilot. Late April every year without fail,Miss C routine on my personal tax :Pass me the tax checklistWhatsApp…
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 