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Continue reading →: (Tax Update) LHDN Says You Need to Pay More Tax. You Only Have 30 Days to Decide Whether to Appeal.
When you receive a Form JA, Notice of Assessment from HASiL,you sees one letter from HASiL.Open and see.Form JA.Then he looks at the tax payable amount.His eyes suddenly become double size.“Har? Why so much one?” Straight away, he calls the accounts girl.The accounts girl looks at it and says:“Boss, this…
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Continue reading →: (Tax Update) Boss, Budget Speech Is Not Tax Law Yet
Every time client asks me the same question :“Mr Koh, your fee for preparing Transfer Pricing Documentation can deduct tax or not?” My answer used to be very fast.“No.” Then client will argue.“Cannot be lah. Finance Ministry already announced. Budget also got say. Government already give tax deduction.” Then I…
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Continue reading →: (Tax Update) The RM1 Share Transfer Problem Under Capital Gain Tax
Boss, your company shares may say RM1.But LHDN may ask:“Actually worth how much?” This is where many SME bosses may suddenly sit up straight.For many years, share transfer at RM1 was very common in Malaysia. Operating Sdn Bhd transfer subsidiary shares to holding Sdn Bhd.Sister company transfer shares to family…
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Continue reading →: Why I Still Refuse to Sell AI Consultancy
Ever since I started posting about our AI automation project, something funny happened. Clients started asking me.“Mr Koh, can you train our staff on AI?”“Can you come to our company and do AI consultancy?” One even asked:“Can you teach our old seasoned uncles and aunties how to use AI?” That…
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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.…
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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…
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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…
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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…
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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?”…
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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.…
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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