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KTP KTP Group of Companies
Accounting, Audit, Tax, Secretary & Advisory
(AF1308) (LLP0002159-LCA)

KTP platform to share knowledge with the WORLD

KTP is the brand which professional and independent firms throughout KTP Group of Companies collaborate to provide auditing, tax, GST, advisory. Spanning for more than two decade, KTP can be traced through the name of its principal founding member Koh Teck Peng which form the name "KTP"

Visit www.ktp.com.my for our group structure.

It’s not always the client who doesn’t want me.Sometimes, I don’t want the client. 😂After being an Auditor and Tax Agent...
05/09/2026

It’s not always the client who doesn’t want me.
Sometimes, I don’t want the client. 😂

After being an Auditor and Tax Agent for so many years, I slowly learned one thing.

Not every dollar is worth earning.

Some Audit Fee.
Some Tax Fee.

Looks like revenue.

But once you collect it,
it may become risk. 😂

Recently, I saw some news about auditor resigning from listed companies.

It suddenly reminded me of ourselves.

Over the years,
KTP has also voluntarily let go of some clients.

Some people ask me:
“Boss, got money why don’t want to earn?”

Actually, many client problems look quite small in the beginning.

“Accounts give you a bit late.”
“Supporting document cannot find.”
“This accrual already outstanding for a few years. Next month only settle.”
“This transaction not important lah.”
“Can submit first?”
“I will explain to IRB.”

One time, we can understand.
Two times, we will remind.

But when the same problems keep repeating, the Auditor and Tax Agent will eventually start asking one very important question:

Is the accounting simply messy?
Or
is there a problem with management?

These are two very different risks.

Messy accounts, can clean up.
Missing documents, can chase.
Deadline very tight, can work overtime.

The hardest situation is when the client already knows there is a problem,

but still hopes the professional will somehow also “not see it”.

Many bosses will say:
“I pay you professional fee. You should help me.”

Yes.
I will help.

But “helping you” does not mean I must take unnecessary risk together with you.

Audit firm has a licence.
Tax Agent also has a licence.

More importantly,

a firm’s credibility is not built in one or two years.

We spend decades building our reputation.
We are not going to gamble it away for a few thousand or even a few tens of thousands in fees.

Sometimes, the real question a business owner should ask is:

“Has my company reached a stage where even the professionals are no longer willing to take the risk?”

After so many years in this profession, I believe this more and more.

A good client is not necessarily the client who pays the highest fee.

A good client is someone who is willing to tell the truth.

Willing to provide complete documents.
Willing to listen to professional advice.

When there is a problem,
we put everything on the table and solve it together.

Because the most valuable asset of an Auditor or Tax Agent
It is the name.

A fee you don’t earn today,
you can earn again next year.

But once your name is damaged,
it may take decades to rebuild.

So yes.

Auditors choose their clients.
Tax Agents choose their clients too.
Because not every dollar is worth earning.

PS : Authored by Mr Koh Teck Peng, the group principal, in his personal LinkedIn post

不是客户不要我. 有时候, 是我不要客户.

做 Auditor 和 Tax Agent 久了,
我会慢慢明白一件事.

不是所有的钱,
都值得赚.

有些 Audit Fee.
有些 Tax Fee.

看起来是 revenue.

收进来以后,
可能变成 risk. 😂

最近看到 Auditor 辞任上市公司的新闻,
我突然想到我们自己.

这些年,
KTP 也主动放掉过一些客户.

有人问我:
“Boss,有钱为什么不要赚?”

其实很多 client 一开始的问题,
看起来都不大.

“Accounts 迟一点给.”
“Supporting document 找不到.”
“这个 accrual 都挂几年了,下个月才 settle.”
“这个 transaction 不重要啦.”
“先 submit,可以吗?”
“我会向 IRB explain.”

一次,我们可以理解.
两次,我们会提醒.

但同样的问题一直重复,
Auditor 和 Tax Agent 就会开始问一个很重要的问题:

这到底只是 accounting 很乱,
还是 management 有问题?

这两个,
是完全不同的 risk.

乱账,可以整理.
Missing document,可以追.
Deadline 很赶,可以加班.

最难处理的是,
client 明明知道有问题,
却希望 professional 跟他一起“看不到”.

很多老板会说:
“我付你 professional fee,你就应该帮我.”

对.
我会帮.

但“帮你”,
不是跟你一起承担不应该承担的 risk.

Audit firm 有 licence.
Tax Agent 也有 licence.

更重要的是,

一个 firm 的 credibility,
不是一年两年建立起来的.

我们花几十年建立 reputation,
不会为了几千、几万块 fee 去赌.

有时候,
真正应该问的是:

是不是我的公司,
已经出现了一些连 professional 都不愿意继续承担的 risk?

我做这一行这么多年,
越来越相信一件事.

好 client,
不一定是付最多 fee 的 client.

而是愿意讲真话.
愿意给完整资料.
愿意听专业意见.

有问题,
大家摊开来解决.

因为 Auditor 和 Tax Agent 最贵的资产,

从来不是 office.
不是 software.
也不是 manpower.

是名字.

Fee 今天没有赚到,
明年还可以再赚.

但名字一旦坏掉,
可能几十年都赚不回来.

所以
Auditor 会选 client.
Tax Agent 也会选 client.
不是所有的钱,都值得赚.

PS : Authored by Mr Koh Teck Peng, the group principal, in his personal Meta post

04/09/2026

From Audit Intern to Future Forensic Accounting Professor: Amisha’s KTP Journey 🔍

Are you curious about what it's really like to intern at an audit and tax firm in Malaysia?

In this "Connecting Session," Miss Angela, our HR manager, sits down with Amisha Shafika, a Bachelor of Accountancy student from UiTM Segamat, on her very last day of a 6-month internship as an Audit & Tax Trainee at KTP
Starting with absolutely zero industry knowledge on day one, Amisha shares how she transformed into a capable trainee who can confidently complete audit planning and vouching tasks.

In this interview, she dives into:

📈 Real Technical & Analytical Growth: How she moved from textbook theory to practical application in auditing and taxation across construction, manufacturing, and service industries
💻 Structured Corporate Training: Gaining hands-on experience through Airbox software training, online tax sessions, and KTP's signature weekly "Boss Talks" covering AI and professional development
🤝 A Supportive & Friendly Culture: Working in a collaborative, "Gen Z-friendly" environment where seniors, managers, and partners guide interns step-by-step
🎉 Unforgettable Memories: Balancing hard work with fun activities, including Hari Raya celebrations, birthday karaoke outings, and creative video production
🚀 What's Next: Amisha’s inspiring academic next step—pursuing a fast-track PhD program at UiTM to achieve her dream of becoming an accounting lecturer!

Whether you are an accounting student preparing for your internship or an aspiring professional looking for a nurturing environment to kickstart your career, this video is packed with valuable insights!

(Tax Update) Your Client Under-Reports Tax. Can the Bookkeeper Be Charged Too?Every bookkeeper, either in house or exter...
03/09/2026

(Tax Update) Your Client Under-Reports Tax. Can the Bookkeeper Be Charged Too?

Every bookkeeper, either in house or external outsourced provider, has heard this before.

“Just follow the figures I gave you.”
“The difference is timing only.”
“Submit first. We can explain to IRB.”
“The long outstanding suppliers is my friends ”

Then something goes wrong.

The client says :
“I thought you checked everything.”

A 63-year-old accounting firm partner was recently charged with allegedly assisting and advising a company to prepare a tax return that under-reported RM2,526,144.24 in tax.

The alleged issue was not some complicated offshore tax scheme.

It was much simpler. RM10.68 million of sales transactions allegedly appeared in the company’s bank statements but were left out of the sales ledger.

The accountant was accused of checking and approving that ledger.

She pleaded not guilty and claimed trial.
Nothing has been proven, and she remains innocent unless proven guilty.

But the charge itself should wake up every accountant, bookkeeper and tax service provider.

Many of us believe:

“I am not the director.”
“I did not earn anything from the under-reporting.”
“The company signed the Form C.”
“I only prepared the accounts.”

Section 114(1A) under the Income Tax Act 1967 does not stop at the person signing the tax return.

If you assist or advise in preparing another person’s return, and the return results in understated tax, you may also be exposed.

The punishment can be a fine from RM2,000 to RM20,000, imprisonment of up to three years, or both.

Forget the RM20,000 for a moment.

The real risk is the criminal charge.

Your professional reputation.
Your practising career.
Your partnership.

All can koyak because of one file.
The law gives you a defence.

You must show that your assistance or advice was given with “reasonable care”.

In court, saying this may not be enough:
“The client told me verbally.”
“The client never disclosed it.”
“I trusted the management accounts.”
“I was rushing to meet the deadline.”
"I see the invoice only."

The questions may become :

Did you reconcile the bank statements against the sales ledger?
Did you question the missing transactions?
Did you ask in writing?
Did the client reply in writing?
Did you disclose that the accounts were prepared from incomplete records?
Where are your working papers?

This is the difference:

“The client lied to me” is an explanation.
“I asked the client in writing, and here is the reply” is evidence.

Bookkeepers are not paid merely to key in the numbers/documents given by clients.

We are accepting professional responsibility for the work we prepare and review.

If the bank statements do not agree with the sales ledger, ask.
If the client cannot support a figure, document it.
If the records are incomplete, disclose it.
If the client refuses to answer but still pressures you to submit, be prepared to walk away.

Some clients will say you are troublesome.

Let them say.
Losing one difficult client is painful.

The alleged work in this case happened in 2021.
The charge came in September 2026.
Five years later.

Your client may have forgotten what they told you.
You may also have forgotten what you asked.
But your working papers must prove that you exercised reasonable care.

(Tax Update) 客户少报税, Bookkeeper 也会被控上庭?

每一个 bookkeeper, 不管是 in-house 还是 external outsourced provider, 都听过这些话.

“跟我给你的 figures 做就可以了.”
“这个 difference 只是 timing issue.”
“先 submit. 之后我们可以跟 IRB explain.”
“那些 long outstanding suppliers 都是我朋友的.”

然后, 事情出问题了.

客户说:
“我以为你全部都 check 过了.”

最近, 一名63岁的 accounting firm partner 被控涉嫌协助和建议一家公司准备 tax return, 导致少报 RM2,526,144.24 的税.

案件涉及的, 不是什么复杂的 offshore tax scheme.

其实很简单. 公司的 bank statement 里面, 据称有 RM10.68 million 的 sales transactions, 却没有记录在 sales ledger 里面.

这名 accountant 被指曾经 check 和 approve 这份 ledger.

她不认罪, 并要求审讯.
目前没有任何事情获得证明. 在被法庭判定有罪之前, 她仍然是无罪的.

但是, 单单这个控状, 就应该让每一个 accountant, bookkeeper 和 tax service provider 醒一醒.

很多人以为:

“我不是 director.”
“我没有从少报税中得到任何好处.”
“Form C 是公司签的.”
“我只是帮忙做 accounts.”

Income Tax Act 1967 的 Section 114(1A), 并不只看是谁在 tax return 上签名.

如果你有协助或建议别人准备 tax return, 而这份 return 最后导致少报税, 你也可能面对法律风险.

刑罚可以是 RM2,000 至 RM20,000 的罚款, 最高三年监禁, 或者两者兼施.

先不要看那 RM20,000.

真正的风险, 是 criminal charge.

你的 professional reputation.
你的 practising career.
你的 partnership.

你多年建立起来的一切, 都可能因为一个 file 直接 koyak.
法律也给你一个 defence.

你必须证明, 你提供协助或建议时, 已经采取了“reasonable care”.

上庭后, 讲这些可能还不够:
“Client只是口头告诉我.”
“Client没有 disclose.”
“我相信 management accounts.”
“我赶着 meet deadline.”
“我只是看到 invoice 罢了.”

法庭可能会问:

你有没有把 bank statement 和 sales ledger 做 reconciliation?
你有没有追问那些 missing transactions?
你有没有书面询问?
Client 有没有书面回复?
你有没有 disclose, 这份 accounts 是根据 incomplete records 准备的?
你的 working papers 在哪里?

分别就在这里:

“Client骗我”, 只是一个 explanation.
“我有书面问 client, 这是他的书面回复”, 才是 evidence.

Bookkeeper 的工作, 不只是把 client 或老板给的 numbers 和 documents key in system.

当我们 prepare 和 review 这些工作时, 我们也承担相应的 professional responsibility.

如果 bank statement 和 sales ledger 对不上, 问.
如果 client 无法 support 一个 figure, 记录下来.
如果 records 不完整, disclose.
如果 client 拒绝回答, 却一直逼你 submit, 该停就停, 该 walk away 就 walk away.

有些 client 会说你很麻烦.

让他们说.
失去一个难搞的 client, 当然会痛.

这宗案件涉及的工作, 据称发生在2021年.
控状是在2026年9月提出.
五年后.

你的 client 可能已经忘记当时告诉过你什么.
你也可能已经忘记自己问过什么.
但是, 你的 working papers 必须证明, 你当时已经采取了“reasonable care”.

(Tax Update) LHDN Adjusts One Side. Taxpayer Must Apply, Explain and Wait for Relief on the Other Side.“Boss, this is th...
02/09/2026

(Tax Update) LHDN Adjusts One Side. Taxpayer Must Apply, Explain and Wait for Relief on the Other Side.

“Boss, this is the same transaction.
How can LHDN adjust one side but not automatically correct the other side?”

Welcome to the agony of LHDN transfer pricing audit.

Company A charged its related Company B a management fee of RM200,000.

During a transfer pricing audit, LHDN decides the arm’s length fee should be RM500,000.

Company A immediately faces an additional RM300,000 taxable income.

The SME boss naturally asks:
“Then Company B can claim another RM300,000 deduction, correct?”

My answer:
“Can request.
But not automatic.”

Under the Income Tax (Transfer Pricing) (Amendment) Rules 2026, Company B may request an offsetting adjustment.

But Company B must make the request in writing.
And the adjustment remains subject to the Director General’s approval.

Same transaction.
Same group.
Same shareholder.

But two separate taxpayers.
Tax law sees two companies.

Everyone asks the same question:
“Why can’t LHDN adjust both sides together?”

When I explain this, the client looks at me as if I personally wrote the tax law.

The new Rule 13(1A), deemed effective from YA 2023, is welcomed.

But it provides a route to request relief.
It does not guarantee automatic relief.

Before agreeing to any transfer pricing adjustment, always ask :
“What happens to the other company?”

Do not assume that Company A’s objection, appeal or audit settlement will automatically protect Company B.

Review both tax files.
Quantify both sides.
And submit the offsetting adjustment request with proper supporting documents.

One related-party transaction can create problems for two taxpayers.

If you review only the company under audit, you may be seeing only half of the tax problem.

Read the full content in our blog
https://www.ktp.com.my/blog/tp-on-offsetting-adjustment/2sept2026

(税务更新) LHDN 调整一边. 纳税人却要自己申请, 解释, 再苦苦等另一边的税务减免.

“老板, 明明是同一笔 transaction.
为什么 LHDN 可以调整一边, 却不会自动调整另外一边?”

欢迎来到 LHDN transfer pricing audit 的折磨现场.

Company A 向 related Company B 收取 RM200,000 的 management fee.

在 transfer pricing audit 期间, LHDN 认为符合 arm’s length principle 的 management fee 应该是 RM500,000.

Company A 马上面对额外 RM300,000 的应课税收入.

SME 老板自然会问:
“那么 Company B 可以多 claim RM300,000 tax deduction, 对吗?”

我的答案:
“可以申请.
但不是自动的.”

根据 Income Tax (Transfer Pricing) (Amendment) Rules 2026, Company B 可以申请 offsetting adjustment.

但是 Company B 必须自己提出书面申请.
而且这个 adjustment 还要得到 LHDN Director General 的批准.

同一笔 transaction.
同一个 group.
同一个 shareholder.

但却是两个不同的 taxpayer.
税法看到的是两间公司.

每个人都在问同一个问题:
“为什么 LHDN 不可以一次过调整两边?”

当我解释完后, 客户看着我的样子, 好像这条税法是我亲自写的一样.

新的 Rule 13(1A), 被视为从 YA 2023 开始生效, 我们当然欢迎.

但它只是提供一条申请 relief 的途径.
它并没有保证 relief 会自动获得批准.

在同意任何 transfer pricing adjustment 之前, 一定要先问:
“另外一间公司怎么办?”

不要以为 Company A 提出的 objection, appeal 或 audit settlement, 会自动保护 Company B.

检查两边的 tax files.
算清楚两边的 tax impact.
再准备完整的 supporting documents, 提交 offsetting adjustment 申请.

一笔 related-party transaction, 可以同时为两个 taxpayer 制造问题.

如果你只检查正在被 audit 的那间公司, 你可能只看见一半的税务问题.

完整内容, 请到我们的 blog 阅读.
https://www.ktp.com.my/chineseblog/tp-on-offsetting-adjustment/2sept2026

𝐕𝐢𝐬𝐢𝐭 𝐮𝐬
Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
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KTP & Company PLT (AF1308) (LLP0002159-LCA)
An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients
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THK Management Advisory Sdn Bhd 200401000220 (638723­X)
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(Tax Update) E-invoice exemption threshold increase to RM3 million“Boss, I spent RM###X to comply.Now you tell me I may ...
01/09/2026

(Tax Update) E-invoice exemption threshold increase to RM3 million

“Boss, I spent RM###X to comply.
Now you tell me I may be exempt?
Can I claim my money back?”

This is the WhatsApp message I received before 31st August 2026.

RM150,000.
Then RM500,000.
Then RM1 million.
Now RM3 million.
The e-Invoice threshold can move.

But the SME’s money cannot move back into the bank account.

Imagine one typica SME owner.

Turnover: RM2.1 million.
In November 2025, he bought e-Invoice software.
He trained two account staffs and the rest of office staffs.

He went live on 1 January 2026.
Eight months later, HASiL raised the exemption threshold to below RM3 million, effective 1 September 2026.

His first question was:
“So, can I stop now?”

I also wish the answer was simply “Yes.”

But tax compliance seldom gives SME such a happy ending.

Everyone followed the rules.
Then the rules moved faster than everyone.

This is the real SME frustration.

We spend money to prepare.
Then we spend more time checking whether we still needed to prepare.
And please do not celebrate too early.

Below RM3 million does not automatically mean exempt.

If your business has a corporate shareholder, holding company, related company or joint venture with turnover of at least RM3 million, the exemption may not apply.

If you operate several enterprises under the same individual, add up all their revenue.

Three enterprises making RM1.1 million each are not three exemptions.
They are RM3.3 million.

And if you are already issuing e-Invoices, do not simply switch off the system.

The latest guideline raises the threshold.
But it does not clearly settle every situation involving businesses whose mandatory implementation date has already passed.

Stopping too early may create a compliance problem.
Frustrating?
Of course.

But between wasting some money and creating a tax problem, I prefer to be frustrated first.

Check your group structure.
Add up the correct turnover.
Wait for clear transitional guidance from HASiL based on your situation.

For SMEs between RM1 million and RM3 million:
Are you feeling relieved?

(Tax Update) e-Invoice豁免门槛提高至RM3 million

“Boss, 我花了RM###X 来做compliance.
现在你告诉我, 我可能可以exempt?
那我花的钱可以claim back吗?”

这是我在2026年8月31日前收到的一则WhatsApp message.

RM150,000.
然后RM500,000.
然后RM1 million.
现在RM3 million.
e-Invoice的门槛可以一直搬.

但是SME花出去的钱, 不会自动回到bank account.

想象一位很典型的SME老板.

Turnover: RM2.1 million.
2025年11月, 他买了e-Invoice software.
他训练了两位account staff, 还有其他office staff.

2026年1月1日, 他正式go live.
八个月后, HASiL把豁免门槛提高到低于RM3 million, 从2026年9月1日生效.

他的第一个问题是:
“所以, 我现在可以停了吗?”

我也希望答案只是简单的“Yes”.

但是tax compliance很少会给SME这么happy的ending.

每个人都照着rule做.
结果rule跑得比每个人都快.

这才是SME真正的frustration.

我们花钱做准备.
然后再花更多时间, 检查自己当初到底还需不需要准备.
但是, 请不要太早庆祝.

营业额低于RM3 million, 不代表自动exempt.

如果你的business有corporate shareholder, holding company, related company或joint venture, 而对方的turnover至少达到RM3 million, 这项豁免可能不适用.

如果同一个人名下经营几间enterprise, 所有revenue必须加起来.

三间enterprise, 每间做到RM1.1 million, 并不代表有三次exemption.
加起来就是RM3.3 million.

如果你已经开始开e-Invoice, 也不要自己直接把system关掉.

最新guideline提高了门槛.
但是对于mandatory implementation date已经过去的business, 它并没有清楚说明每一种情况应该怎样处理.

太早停止, 可能会造成compliance problem.
Frustrated吗?
当然.

但是在浪费一点钱和制造tax problem之间, 我宁愿先frustrated.

检查你的group structure.
把正确的turnover加起来.
根据自己公司的实际情况, 等待HASiL更明确的transitional guidance.

营业额介于RM1 million至RM3 million的SME:
你现在是不是松了一口气?

𝐕𝐢𝐬𝐢𝐭 𝐮𝐬
Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

𝐊𝐓𝐏 (𝐀𝐮𝐝𝐢𝐭,𝐓𝐚𝐱, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲)
KTP & Company PLT (AF1308) (LLP0002159-LCA)
An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients
Website www.ktp.com.my
Facebook http://facebook.com/www.ktp.com.my
LinkedIn https://bit.ly/3sapf4l
Telegram http://bit.ly/3ptmlpn
Instagram https://bit.ly/3Rko5kN
XiaoHongShu https://bit.ly/4fqV9Fb

𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲)
THK Management Advisory Sdn Bhd 200401000220 (638723­X)
A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients
Website www.thks.com.my
Facebook https://bit.ly/42XKWsk
Instagram https://bit.ly/42Uqf0e
LinkedIn https://bit.ly/3EH885M

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞
An internal community for our colleagues on work and leisure.
Tiktok http://bit.ly/3u9LR6Q
Youtube http://bit.ly/3ppmjyE
Facebook http://bit.ly/3ateoMz
Instagram https://bit.ly/3jZpKLo
XiaoHongShu https://bit.ly/4fqV9Fb

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫
An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.
Facebook http://bit.ly/3rPxz9o
Instagram https://bit.ly/3u2PxHg
XiaoHongShu https://bit.ly/4pIq5nL






28/08/2026

New joiners always ask me,
“Boss, audit & tax got future or not?”

Got.

But first you need to survive your audit & tax Odyssey. 😂

Client don’t reply.
Account is messing
Deadline coming.
You start questioning your career choice.

Welcome to the industry. 😂

Every partner you see today was once a blur junior holding one audit file and thinking,
“Why got so many problems?”

Growth is possible.
Just that during the growth…

You may not feel like you are growing.
You may feel like you are dying. 😂

But one day you will look back and realise,

the difficult files,
the review notes,
the crazy deadlines,
the difficult clients…

were all part of your Odyssey.

To all our young auditors and tax people,
Happy ending of 2026 peak.

PS : Authored by Mr Koh Teck Peng, the group principal, in his personal LinkedIn post.

New joiners 常常问我,
“Boss, audit & tax 还有未来吗?”

有.

不过首先,
你要先熬过自己的 audit & tax Odyssey. 😂

Client 不回复.
Account 乱到不懂从哪里开始.
Deadline 越来越近.
然后你开始怀疑自己当初为什么选这一行.

Welcome to the industry. 😂

你今天看到的每一个 partner,
以前都曾经是一个 blur blur 的 junior,
手上拿着一份 audit/tax file,
心里一直想,

“为什么 so many problems?”

Growth is possible.
只是成长的过程里面…

你未必会觉得自己正在成长.
你反而会觉得自己快要死掉了. 😂

但是有一天,
你回头看才会发现,

那些 difficult files,
那些 review notes,
那些 crazy deadlines,
那些 difficult clients…

全部都是你 Odyssey 的一部分.

送给所有 auditors 和 tax people,
Happy ending of 2026 peak season.

你们终于活下来了. 😂

PS : Authored by Mr Koh Teck Peng, the group principal, in his personal Meta post.

Yearly Account Service....Recently, SSM officers came to our office for a routine inspection.Normally, we are the audito...
28/08/2026

Yearly Account Service....

Recently, SSM officers came to our office for a routine inspection.

Normally, we are the auditor asking questions.
That day, we became the auditee.

😂😂😂

The officer did not start with our audited financial statements.
They requested our accounting records,
selected several transactions and compared:

Transaction date.
Posting date.

Suddenly, the 60-day rule was no longer something written inside a thick Companies Act.
It was sitting in front of us.

Then we remembered an advertisement we saw on social media.
“Yearly Account Service, RM444 onwards.”

After year-end, pass the accountant:
12 months of bank statements.

One big plastic bag of receipts.
A few missing invoices.

Then say,
“Boss, settle for me.”

😂

Let's be fair.

Yearly accounting is not automatically wrong.
RM444 is also not the problem.

It can work if someone is already maintaining the accounting records regularly,
and the accountant only performs the year-end closing.

The problem starts when nobody records anything for 12 months.

Under the Companies Act 2016 and Income Tax Act 1967,
business transactions must generally be entered into the accounting records within 60 days.

Not 60 days after year-end.
Within 60 days of each transaction.

Under the Companies Act, non-compliance can, upon conviction, carry a fine of up to RM500,000, imprisonment of up to three years, or both.

Now we also have e-Invoice.

Where consolidation is allowed,
the consolidated e-Invoice must generally be submitted within seven calendar days after month-end.

Your accountant may come once a year.

e-Invoice exemption is not bookkeeping exemption.
Audit exemption is also not accounting exemption.

Monthly bookkeeping is not about paying an account personnel every month just to key in receipts.

It is about knowing, before it is too late:

Who still owes the company money.
Why the bank balance is getting lower.
Whether salaries can be paid next month.
Whether somebody claimed the same expense twice.

Read the full content in our blog
https://www.ktp.com.my/blog/the-60-day-rule-accounting/28aug2026

Yearly Account Service....

最近, SSM officers 来我们 office 做 routine inspection.

平时, 我是那个 auditor, 负责问问题.
那一天, 我反而变成了 auditee.

😂😂😂

SSM officer 没有先看我们的 audited financial statements.
他们要求我们拿出 accounting records,
然后选了几笔 transactions 来 compare:

Transaction date.
Posting date.

突然间, 60-day rule 不再只是写在厚厚一本 Companies Act 里面的东西.
它就摆在我们面前.

这时, 我们想起最近在 social media 看到的一则广告.
“Yearly Account Service, RM444 起.”

Year-end 过后, 把这些交给 accountant:
12 个月的 bank statements.

一大 plastic bag 的 receipts.
还有几张不见了的 invoices.

然后说,
“Boss, 帮我 settle.”

😂

讲句公道话.

Yearly accounting 本身不一定有问题.
RM444 也不是问题.

只要已经有人 regularly maintain accounting records,
而 accountant 只是负责 year-end closing, 这样是可以的.

真正的问题, 是整整 12 个月都没有人记录任何东西.

根据 Companies Act 2016 和 Income Tax Act 1967,
business transactions 一般都必须在 60 天内记录进 accounting records.

不是 year-end 过后的 60 天.
是每一笔 transaction 发生后的 60 天内.

根据 Companies Act, 一旦被定罪,
最高可面对 RM500,000 罚款,
最高 3 年监禁, 或两者兼施.

现在, 我们还有 e-Invoice.

在允许使用 consolidated e-Invoice 的情况下,
一般必须在 month-end 后的 7 个 calendar days 内 submit.

你的 accountant 可能一年才来一次.

e-Invoice exemption 不等于 bookkeeping exemption.
Audit exemption 也不等于 accounting exemption.

Monthly bookkeeping 不是每个月付钱给 accounts personnel,
只是叫他 key in receipts.

真正的作用, 是让你在一切太迟之前知道:

还有谁欠 company 钱.
为什么 bank balance 越来越少.
下个月的 salary 能不能出.
有没有人把同一笔 expense claim 了两次.

完整内容, 请到我们的 blog 阅读.
https://www.ktp.com.my/chineseblog/the-60-day-rule-accounting/28aug2026

𝐕𝐢𝐬𝐢𝐭 𝐮𝐬
Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

𝐊𝐓𝐏 (𝐀𝐮𝐝𝐢𝐭,𝐓𝐚𝐱, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲)
KTP & Company PLT (AF1308) (LLP0002159-LCA)
An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients
Website www.ktp.com.my
Facebook http://facebook.com/www.ktp.com.my
LinkedIn https://bit.ly/3sapf4l
Telegram http://bit.ly/3ptmlpn
Instagram https://bit.ly/3Rko5kN
XiaoHongShu https://bit.ly/4fqV9Fb

𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲)
THK Management Advisory Sdn Bhd 200401000220 (638723­X)
A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients
Website www.thks.com.my
Facebook https://bit.ly/42XKWsk
Instagram https://bit.ly/42Uqf0e
LinkedIn https://bit.ly/3EH885M

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞
An internal community for our colleagues on work and leisure.
Tiktok http://bit.ly/3u9LR6Q
Youtube http://bit.ly/3ppmjyE
Facebook http://bit.ly/3ateoMz
Instagram https://bit.ly/3jZpKLo
XiaoHongShu https://bit.ly/4fqV9Fb

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫
An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.
Facebook http://bit.ly/3rPxz9o
Instagram https://bit.ly/3u2PxHg
XiaoHongShu https://bit.ly/4pIq5nL






Last week, my Finance Manager passed me an invoice.It was for a professional technical knowledge platform we have used f...
27/08/2026

Last week, my Finance Manager passed me an invoice.

It was for a professional technical knowledge platform we have used for years.

I looked at the amount and asked,
“Can we terminate this?”

She replied,
“Boss, cannot. Two-year contract. Ends in 2027.”

😅

Okay lor.
Contract signed already.
Pay.

Then I told her,
“Do you know our Claude Team subscription for 5 people, around USD20 per person per month, is still cheaper than this?”

That got me thinking.
For about USD100 per month, my team can ask AI to :

Explain technical issues,
Summarise guidelines,
Compare old and new rules,
Draft client advice,
Challenge our interpretation.

And now AI also has Memory, Instructions and Skills.

It can remember how we work and follow our preferred workflow.
Very powerful.

But there is one big problem.
Hallucination.

AI can give you the wrong answer in perfect English.

Very confident.
Very professional.
Very convincing.
And still wrong. 😂

In tax, I cannot tell LHDN,
“Sorry, Claude said one.”

So I still need the actual legislation, guideline, ruling and court case.

In the AI era, a searchable database is only the starting point.

Technical platforms must offer more than documents and keywords.

Most importantly, they must help users distinguish between:

what the law says,
what an expert thinks it means,
and what remains uncertain.

That is the real value.

Not merely helping us find information, but helping us trust, verify and apply it.

The future must be:

Verified knowledge + AI + Memory + workflow.

AI should make technical knowledge faster and easier to use.
It may be a USD20 AI subscription.

For my case?
Until 2027, I still have to pay both. 😭

Maybe the strongest technology in the AI era is not AI.
It is the two-year contract. 😂

PS : Authored by Mr Koh Teck Peng, the group principal, in his personal LinkedIn post

上个星期, 我的 Finance Manager 拿了一张 invoice 给我.

是我们用了很多年的一个 professional technical knowledge platform.

我看了一下金额, 然后问她,
“这个可以 terminate 吗?”

她回答,
“Boss, 不可以. Two-year contract. 2027 才到期.”

😅

Okay lor.
Contract 都签了.
Pay.

然后我跟她讲,
“你知道吗?
我们 Claude Team 5 个人,
一个人大概 USD20 一个月,
加起来都还比这个便宜.”

这让我开始想.
大概 USD100 一个月,
我的 team 已经可以问 AI:

解释 technical issue,
summarise guideline,
比较 old rule 和 new rule,
draft client advice,
challenge 我们自己的 interpretation.

现在 AI 还有 Memory, Instructions 和 Skills.

它可以记得我们怎样做事,
也可以跟着我们喜欢的 workflow.
很 powerful.

但是有一个很大的问题.
Hallucination.

AI 可以用很漂亮的 English,
给你一个错误答案.

很 confident.
很 professional.
很 convincing.
然后还是错. 😂

做 tax 的, 我不可能跟 LHDN 讲,
“Sorry, Claude 这样讲的.”

所以我还是需要真正的 legislation, guideline, ruling 和 court case.

在 AI era, 一个可以 search 的 database,
只是 starting point.

Technical platform 不能再只是给 documents 和 keywords.

最重要的是, 它必须帮用户分清楚:

law 到底写什么,
expert 认为是什么意思,
还有什么地方其实还不确定.

这个才是真正的 value.

不是只是帮我们找到 information,
而是帮我们 trust, verify 和 apply.

未来应该是:

Verified Knowledge + AI + Memory + Workflow.

AI 应该让 technical knowledge 更快,
更容易用.
它最大的 competitor,
可能只是一个 USD20 的 AI subscription.

至于我?
2027 之前, 两个都还是要付. 😭

可能 AI era 最强的 technology, 不是 AI.
是那个 two-year contract. 😂

PS : Authored by Mr Koh Teck Peng, the group principal, in his personal Meta post

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