Why Choose the Thaiger?
Accounting is a critical component of any business, which is why we’re here to assist you. Here at the Thaiger we’ll make sure that everything is as simple as possible and as straightforward as it can be for you.
What is Accounting Service?
Every business has to conduct some form of accounting for their company, however, starting a business while managing your accounts efficiently can be difficult. Accountants play a significant role in numerous things, including tax preparation services, auditing, bookkeeping, and consultancy.
The accounting services provided by Thaiger can assist you in managing and running your business in Thailand. Our accounting service will assist you in determining your tax liabilities and exemptions, performing financial analysis, tracking expenses, and ensuring that you are legally compliant with Thai financial filings. You can also use accounting services if you want to save money on employee costs and time that could be better spent on your company’s core activities.
What Are the Benefits of Accounting Services?
Accounting services offer numerous benefits for your business. We have listed some of the major benefits below.
Your business could save a huge amount of money by getting access to account experts that can analyze your cash flow for your company.
Accounting services can deliver more precise results with fewer errors, ultimately helping you save money for your company.
Save More Time
You will have more time to focus on your business’s core activities if you outsource your accounting services.
Having a team of accountants look over your books can help you find loopholes and exemptions that one person might miss.
What to Consider When Choosing Accounting Services in Thailand?
Choosing an accounting service is not an easy task, especially for foreigners who are just getting started with their business in the Thailand. There are numerous factors that you need to take into considerations while selecting any professional accounting service. The following are some of the factors you may need to consider.
I was able to focus more on managing and growing my business because of the Thaiger, rather than having to worry about categorising every transaction or putting together tax reports.
The Thaiger and their partners have met the needs of my small business as it is growing! They’ve kept my books in order for me, and I don’t have to worry about it!
The best accounting service in Thialnd ever!! Good job the Thaiger.
Very responsive and easy to reach when I need them. Super easy to use their services.
I’m glad I went with Thaiger; the staff and team were extremely professional and knowledgeable about all of the firm’s services.
Thank you, the Thaiger, for providing me with a complete explanation of accounting services available in Thailand, thank you for all your hard work.
Types of Accounting Services We Offer
We provide a full range of all-inclusive monthly and annual accounting services. Our partners are highly experienced in providing an extensive variety of accounting services for you, whether your company needs normal tax accounting or a complete bookkeeping. Below are some of the services offered.
Our professional accountants will complete all accounts and take care of all of your company requirements as needed by Thai accounting law. Based on the company needs, we will generate personalised reports with financial transaction details for each account.
- Annual and monthly financial statements report.
- Prepare and review financial statements.
- Verify accounts and analyse transactions.
All businesses in Thailand have to pay income tax on income earned from sources in and outside of Thailand under Thai law. We can assist you with corporate taxes to the Thai Revenue Department, as well as provide you with information on local laws, strategies and labour conditions.
- Service includes Tax analysis, tax planning and tax returns.
- Contact and discuss the government tax reviewing process.
- Prepare and submit tax applications.
- Legal questions and tax concerns provided.
Our bookkeeping service ensures that your company’s financial stability is transparent. We assist you in keeping financial records for your business and ensuring that your operations run smoothly throughout the year.
- Record your business’s daily transaction.
- Issue bills to customers and record recipts from clients.
- Verify invoices from suppliers.
- Monitor accounts and create financial reports.
- Rectify accounting errors and process employee pay.
Payroll service maintains complete confidentiality and manages all aspects of your company’s payroll process, so you don’t have to worry about missing deadlines or violating Thai accounting laws and procedures. You can rest assured that your employees and taxes will be paid on time and accurately.
- Prepare payroll calculations and payroll tax statements.
- Prepare and transfers payment directly to employee and payroll slips.
- Ensure that employees and taxes are paid on time.
The legislative facility provides invoices, tax invoices, receipts, and accounting records for necessary and correctly executed documents. Working with strict terms and regulations and supplying the Thai Department of Revenue with all the right information.
- Update on the bank balance statement.
- Collect receipts and billings for tax invoices.
Provide international advisory services from professionals with significant expertise in tax and accounting to assist your company. Our consultants can help you understand what the various reports mean and how the data you’re seeing affects your company
- International and local team of accounting consultants.
- Help you with financial forecasting, analysing financial statements, and profitability of your business.
Reliable Accounting Services for Any Company in Thailand.
Accounting is always a complicated task for me. I was really worried about financial statement and tax peyment for my business in Thailand since both are very sensitive and even a single mistake can ruin my whole business. Thankfully I got good advice and help from the Thaiger to ensure that my business accounts run smoothly.
Top tip: Make sure you know the type of accounting service you need, so you don’t have to waste money on something you don’t really need.
Accounting system in Thailand
In Thailand, every corporation must preserve and prepare account books for the government, whether your a small, medium or large. This legal provision of annual reporting to government departments must be complied with by all businesses. The accounts and other relevant company documents have to be kept for at least five years at the company’s registered address.
The company’s director should arrange an annual shareholder meeting to approve the audited financial statement of the company within 4 months before the end of the financial year.
Other Related Services
There are other services you may want to check out to ensure you will get full support for your business in Thailand.
Thinking about business investments in Thailand? Let us help you get started with the process!
Tax/VAT registration is essential when setting up your business in Thailand. Register your Tax/VAT through us for a faster and easier process.
BOI Thailand Services
The Thailand Board of Investment (BOI) is a government body to encourage foreign investment in Thailand. Being certified by BOI can give your business a range of benefits.
Need to buy a property for your business in Thailand? Partnering with Thailand’s best property portal, we can help you find the right commercial property to suit your needs.
Documents that should report to the government at the end of the year
There’re documents that the accounting service will prepare to submit to the government every year. Check the information below for the accounting and financial reports.
A set of house registration copies and ID card of the owner with a signature attached.
List of revenues includes profit and loss statement, and monthly expenses details.
Reconciliation of your bank account.
Ageing schedule of receivable and payable account.
A set of company map copies with the certificate and signature of the owner.
A Schedule of fixed assets and depreciation.
The details of ledgers and journal entries account.
When setting up a business in Thailand, you need to register with the Department of Revenue to get a Tax Identification Number. Depending on your business, you may also need to register with the Value Added Tax (VAT) system.
Typically, the corporate tax is 30 % of your business’s net income, while the VAT rate is currently 7% per individual product price. Your business needs to file VAT returns monthly.
We understand that doing Tax/VAT registration can be a hassle. That’s why we’re here to help you with the process, so you can focus on other things like reaching your business goals.
Frequently Asked Questions About Accounting Services in Thailand
The account books must include the daily financial transactions and the bills of the transactions. An account book usually contains ledgers, initial bills, and trial balance originals and copies, according to the law.
Computerized accounts can also be used to show the income tax department.
Social security contributions are withheld from employees’ salaries by employers. The current social security filing rate is 10% of employees’ wages. Employers can contribute up to 5% of their employee’s salaries. The maximum contribution is 750 THB from each party. Failure to remit the contributions results in penalties for employers and employees.
In Thailand accounting usually have 2 levels: Thai accounting standard and Thai financial reporting standards which is for publicly accountable entities complying with International Requirements for Financial Statements.
Inquire Now to Receive your Accounting Service