Knowledge / News
สามารถติดตามบทความและข่าวสารเกี่ยวกับ บัญชี ภาษี และเรื่องอื่นๆ ที่เกี่ยวข้อง เราจะหยิบยกเรื่อง
ที่ควรจะรู้มาเผยแพร่กันแบบอัพเดต ซึ่งทันต่อสถานการณ์ปัจจุบัน รวมทั้งเรื่องราวที่จะเกิดขึ้นในอนาคต
สามารถติดตามอ่านได้ที่นี่ เพื่อที่ท่าจะได้รับรู้ข้อมูลอย่างสม่ำเสมอ
Knowledge / News
สามารถติดตามบทความและข่าวสารเกี่ยวกับ บัญชี ภาษี และเรื่องอื่นๆ ที่เกี่ยวข้อง เราจะหยิบยกเรื่อง
ที่ควรจะรู้มาเผยแพร่กันแบบอัพเดต ซึ่งทันต่อสถานการณ์ปัจจุบัน รวมทั้งเรื่องราวที่จะเกิดขึ้นในอนาคต สามารถติดตามอ่านได้ที่นี่ เพื่อที่ท่าจะได้รับรู้ข้อมูลอย่างสม่ำเสมอ
Timeline Submit Financial Statements Year End 2024
Submission of financial statements for the year 2567, filing corporate tax for the year 2567 for business owners. According to accounting and tax laws in Thailand, the submission of financial statements for the closing of the 2023 fiscal year and corporate tax filing must adhere to the specified deadlines. Therefore,
The importance of auditing
What is an accounting audit ? An accounting audit is a systematic examination and evaluation of a company’s financial records, transactions, processes, and internal controls conducted by a qualified and independent auditor or auditing firm. Its primary objective is to ensure the accuracy, fairness, and reliability of financial information presented
GL, AP, AR, and the importance of appropriate accounting system management
Managing an organization’s accounting system is critically important for effective business and financial management. In this article, we will explore and explain the most crucial components of the accounting system: General Ledger (GL), Accounts Payable (AP), and Accounts Receivable (AR). These are essential parts of an organization’s accounting system used
Apportionment of Purchase Tax
What is Apportionment of Purchase Tax ? The apportionment of purchase tax for business owners who are registered for Value Added Tax (VAT) and engage in both VAT and non-VAT activities, which involves purchase taxes incurred from acquiring goods or services used for their own business operations or for use
Incoterms (International Commercial Terms)
Currently, businesses in our country are providing opportunities for entrepreneurs to expand their markets to foreign countries. This is another avenue for increasing sales and promoting business growth. However, in conducting international business, it is essential for entrepreneurs to understand the conditions of delivery, as it directly impacts the cost
VAT 0 VS Non VAT
Value Added Tax (VAT) Value Added Tax, or VAT, is a type of tax imposed by the revenue department, collected from the sale of goods or provision of services at each stage of production and distribution of goods/services, including those produced domestically and imported from abroad (according to the revenue
Timeline Submit Financial Statements Year End 2023
Filing financial statements for the year 2023 and submitting corporate tax returns for the year 2023 for business owners For business owners of a limited company with a fiscal year-end on December 31, 2023, the following deadlines apply for closing the financial statements for the year 2023, auditing the financial
Closing Entries
“Closing Entries” refers to the process of transferring temporary accounts related to capital, such as withdrawals, revenue, and expenses, to the capital account in order to determine the accurate ending balance of the capital account at the end of an accounting period. This process also involves calculating the balances of
The difference between TFRS PAEs and NPAEs standards
Before we delve into PAEs and NPAEs, let’s get acquainted with the financial reporting standards in Thailand. Thailand has its own set of financial reporting standards called Thai Financial Reporting Standards (TFRSs), which are based on the International Financial Reporting Standards (IFRSs) to ensure international acceptance. These financial reporting standards
Bookkeeping Services
What is Bookkeeping ?? Bookkeeping is the process of recording various financial transactions of a company, whether it is the receipt or payment of money, in order to prepare financial reports for the company. Bookkeeping is essential for any business, regardless of its size or industry, as it involves accurately
ACC Consulting is a leading audit firm in Thailand
ACC Consulting Co., Ltd. is a leading audit firm in Thailand that provides a wide range of professional services to companies operating in the country. The firm has a team of highly qualified and experienced professionals who specialize in auditing, accounting, tax, and consulting services.
What is an Interim Audit ?
ACC Consulting‘s excellent audit team has made things clearer by explaining what an interim audit is and how it might help, as well as its potential drawbacks. An interim audit is an audit that is performed before the end of a client’s fiscal year and
Auditing
In the world of accounting, we are rapidly approaching year-end. Year-End Closing season. Businesses increasingly feel compelled to enter information into their ERP or accounting software. A Definition of Auditing. An audit is the examination of books of accounts, supporting documents, and other evidence by a professional auditor in accordance
Business Financial Planning
Business Financial Planning A financial plan is meant to demonstrate the long-term (3- to 5-year) monetary consequences of a company’s strategic and operational plans over the next 12 months. Administration bases its actions on predetermined financial plans. They need to be malleable enough to adapt to the ever-shifting nature of
In accounting, what exactly do we mean when we talk about “Assets?”
In accounting, what exactly do we mean when we talk about “Assets?” In the context of accounting for finances, “Assets” are resources that are in the possession of the entity. It does not matter whether the asset in question is tangible or intangible; what matters is that it can be
Financial Statement Audit Service Of Manufacturing Industry And Production Group
Currently, modifications to the Revenue Department’s tax requirements and Manufacturing, plant engineering, and mechanical engineering are all experiencing increased levels of competition and demand as a direct result of current patterns of global economic development. As a result of these demands, forward-looking automation solutions are becoming increasingly important in the
Definition of Financial Statements
What is financial statement ? Definition of Financial Statements is Financial reports are a summary of accounting in the collection of various information to present information to users of financial statements for decision-making. They show the financial position, performance, and change in cash in an organized manner. Financial reports of
What is Gross Profit : GP & Gross Profit Margin : GPM ?
What is Gross Profit : GP The Company’s operating income, whether from the sale of goods or services, is deducted from the product’s cost of manufacture. Alternatively, that service. Formula for calculating gross profit, Calculating gross profit : GP Gross Profit = Revenue – Cost of Goods Sold : COGS
What is Value Added Tax (VAT) of Thailand ?
VAT, or Value Added Tax Value Added Tax in 2022 (VAT) is a tax on the sale of goods. or by providing services in each manufacturing process and by selling goods and services produced domestically and imported from other countries. Since 1992, entrepreneurs in Thailand have been charged VAT at
Submit of Filing Audited Annual Financial Statements on 2022 – 2023 at Thailand
Companies with accounting periods ending 31 December 2022 must file audited financial statements with the Department of Business Development (‘DBD’), Ministry of Commerce no later than 31 May 2023 so The accountant must Annual Closing and prepare annual financial statements for the year 2022 for the “Auditor”
Thailand’s Audit and Compliance: A guide of financial statements 2024 for companies in Thailand
A guide of financial statements 2024 for companies in Thailand. All Thai companies, partnerships, joint ventures, and foreign company branches must submit financial statements to the Ministry of Commerce for their assigned accounting period. Thailand’s tax system is self-assessment, with the fiscal year commonly defined as the 12-month period ending
Thailand Corporate Depreciation, Amortisation, and Depletion
Depreciation: Provided that in no case shall the deduction exceed the following percentage of cost as shown below. The straight-line basis is themethod most commonly used by companies, but any generally accepted basis, such as sum-of-the-years-digits or double-declining method, is permitted.
What is a Withholding Tax in Thailand ?
WHAT IS A WITHHOLDING TAX (WHT) IN THAILAND ? Withholding Tax or WHT is a deduction from payments given to the company’s service providers. This also applies to the payment of interests and dividends. Withholding tax (WHT) rates are dependent on the income type and tax status of the recipient. *** Rates of international payments
Financial Statement Audit for BOI Promoted Companies in Thailand
In Thailand Law, all juristic companies, partnerships, branches of foreign companies and joint ventures are obligated to prepare financial statements for each accounting period. The financial statements must be audited and subjected to the opinion of a certified Thai auditor (CPA). And BOI promoted companies need the statutory audit every
A Restaurant Chart of Accounts for Any Bookkeeper or Accountant can utilize
What’s a Restaurant Chart of Accounts (COA) ? A chart of accounts (COA) is the financial accounts in the general ledger of a company. In short, it is an organizational tool that provides a digestible breakdown of all the financial transactions that a company conducted during a specific accounting period,
Annual Financial Statements Audit Services for Thailand Business.
Annual Financial Statements Audit Services for Thailand Business. In Thailand Law, all juristic companies, partnerships, branches of foreign companies and joint ventures are obligated to prepare financial statements for each accounting period. The financial statements must be audited and subjected to the opinion of a certified Thai auditor (CPA). Failing
The BOI Announcement New organization of Investment Promotion Division
The Thailand Board of Investment (BOI) announce about New organization of Investment Promotion Division as below; Investment Promotion Division 1 Agricultural, Bio and Medical Industries ; Investment Promotion Division 2 Advanced Manufacturing Industries ;
What is the Financial Statement Audit by Thailand Law ?
What is the Financial Statement Audit? The companies are obligated by Thailand law to ensure that their financial statements are audited by a registered CPA. For the purpose of the independent audit is to provide assurance that the management has presented financial statements that are free from material error and
News : BOI adds benefits for upstream “SEMICONDUCTOR Manufacturing” to cover the whole supply chain.
The Thailand Board of Investment (BOI) announce about adds benefits for SEMICONDUCTOR Manufacturing industry as below ; Group 1 Manufacture of Semiconductors ; Front-end Semiconductor such as Electronics Design, Silicon Wafers, Wafer FAB – Promoted projects will enjoy a 10-year corporate income tax exemption. Back-end
Late Filing of Financial Statements or not Filing Financial Statements at Thailand Is there a fine or not ?
For entrepreneurs who file statements late or not filed at all Whether for reasons of not making an account, therefore not closing the financial statements or did not find an auditor to audit financial statements or that there are items that cannot be cleared, causing the operator to delay the
The Annual Performance and Operation Report of BOI Promoted Company.
A limited company that has obtained both an investment promotion and the license to start operations from the Board of Investment (“BOI”) must submit the annual Performance and Operation report once a year by 31st July of every year. Documents
What is BOI (Board of Investment) ?
What is BOI (Board of Investment) ? The Office of the Board of Investment (BOI) was established in 1997, they are the official investment promotion agency in Thailand, providing both local and foreign investors the information and services they need to know about investing in
Company buy ATK for staff can deduct expenses of 1.5 times of actual expenses.
The Revenue Department issue announcement number ปชส.๔๘/๒๕๖๔ about The company buy Antigen Test Kit (ATK) for staff for testing covid 19 can deduct expenses of 1.5 times of actual expenses until 31 March 2022. PS. If you company has planned
Submit of Filing Audited Annual Financial Statements on 2021 – 2022 at Thailand
Companies with accounting periods ending 31 December 2021 must file audited financial statements with the Department of Business Development (‘DBD’), Ministry of Commerce no later than 31 May 2022 so The accountant must Annual Closing and prepare annual financial statements for the year 2021 for
Company Registration in Thailand
” For the Thai company limited, the company has owned by at least three shareholders and has managed by at least one director. The Thai Limited Company is the most common type of company structure used to set up business in Thailand. The process is simple and the business can
What is Social Security Fund ?
Social security is a fund providing security and coverage to the insured. The insured shall receive compensation in case of injuiy, sickness, invalidity, and death which are not caused by employment including, childbirth child allowance, old age, and unemployment. What is
Tax Relief Package for Businesses to Reduce Operating Costs at Thailand’s Latest.
January 26, 2021, Thailand’s government issued its latest tax relief package for businesses, as it continues to offer initiatives to alleviate the economic impact caused by the pandemic. This latest package provides a reduction in the land and building tax, property transaction fees, in addition to an extension in the
