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Continue reading →: (TAX UPDATE) Stamp Duty Goes Fully New Digital Platform… What SME Bosses Must Know
LHDN has confirmed that the STAMPS system will be switched off after 31 December 2025. From 1 January 2026, all stamp duty matters must be done through e-Duti Setem (e-DS) via MyTax. No parallel system. No extension. The good news? 2026 is a grace year. Under the new Stamp Duty…
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Continue reading →: Zero Training. 21KM. Full Fee Paid. Suffering
I ran the Kulai Half Marathon today with zero training. My half marathon Personal Best is 2 hours. Today, I finished in 3 hours 20 minutes and yes, I paid full registration fee for this “painful” experience. For the past six months, I did not run and train at all.Not…
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Continue reading →: Malaysia Is a Fine Country Based on CP204 and CP204B
Malaysia is truly a fine country.Not because of nasi lemak, teh tarik, or our warm people. But because of fines.Especially when it comes to LHDN CP204 and CP204B. You change your financial year end?Fine. You forget to submit CP204B on time?Fine RM200 to RM20,000. LHDN not informed early enough?No problem.…
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Continue reading →: LHDN e-Invoice Compliance Review : What SME Bosses Must Know
LHDN has uploaded its updated e-Invoice Compliance Review Framework to its official portal effective 15 December 2025. This confirms one thing clearly : e-Invoice is no longer a “learning phase”. Honeymoon is over. Enforcement has started. Key points SME owners should note: Important timeline many overlook : Other points to…
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Continue reading →: Deferred Tax Explained for Normal People
Accountants are prudent people.We worry today about things that will only happen tomorrow.That is why deferred tax exists. When I explain deferred tax to non-accountant-clients,I never start with accounting terms.I start with a simple business story. You buy a machine for RM100,000. In your accounts,the cost is spread over five…
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Continue reading →: RM40,000 Fine for Late Filing.
RM40,000.That was the number that stayed with me after reading the newspaper yesterday. The Malay Chamber of Commerce Malaysia has asked SSM to reconsider the high compound fines imposed on companies under the Companies Act 2016. For many SME owners, this is not just a regulation issue.It is a survival…
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Continue reading →: Your Charity Has Tax Exemption.But Are You Still Safe?
Many charity operators (Institutions/Organisations/Tabung) (IOT) breathe a sigh of relief once the approval letter under Section 44(6) of the Income Tax Act 1967 arrives. Approval obtained.Donors reassured.Committee members move on to the next urgent task. I understand this very well. Most IOTs operate with very limited staff and rely heavily…
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Continue reading →: The Leader Behind the Scenes While I Was on the Road
I just returned safely from 14 days of adventurous motorbiking across Malaysia, Thailand, Laos, and Vietnam. As expected, many people asked the same question.“How can you leave your firm for so long?” The honest answer is this.Because I have a COO who runs the firm as if it were her…
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Continue reading →: After My Dog Food Post… a Client Asked About Her Pomeranian
I thought my “dog food tax deduction” story ended yesterday. I was wrong.Because the next morning, before I even finished my kopi, a client called me with a new level of surprise. She asked, in a very confident tone,“Mr Koh… if dog food on factory dog can claim tax, can…
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Continue reading →: We are Hiring ….
If you ever wondered what life inside a real audit and tax firm looks like, this is it. Peak season is tough, but it is also the place where young accountants grow the fastest. Mr Koh Teck Peng, our group principal, sat down with our colleagues Pei Jun and Mqteo,…
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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