Doing your own accounting is a solution that may seem interesting at first glance. However, it must be borne in mind that this method of accounting management has certain disadvantages; sometimes crippling: Do your own accounting, what are the disadvantages?To do your own accounting is to lose considerable timeWhen a company chooses to do its own accounting, it must be aware that it will spend some time there. This depends on:-The degree of specialization of the manager or team in charge of accounting management (e.g. a person new to account....

As with most modern societies, Thais are now living longer and as a result, now have more over 65s than ever before. Measures need to be put in place to pay for long-term compensation, which is why the board of directors of Thailand Social Security Fund (SSF) have proposed an increase in the fund’s contribution rates.Monthly Compensation Rates for Thai Social Security FundThe secretary-general of the SSF, Ananchai Utaipatanacheep explained the increase was a necessity to cater to the long-term needs as Thailand becomes an aged society. The hi....

How can an accountant help an entrepreneur? An accountant represents a key partner for every entrepreneur. This professional will be able to bring its expertise and his help at different stage of an entrepreneurial project. His contributions are of a multidisciplinary character such as: During the creation,During the operation,                                 On the occasion of the cessation of activity. Here is how an accountant may help an entrep....

On March 25th of this year, the Immigration Department of Thailand began a new policy to enforce TM30 (a regulation about monitoring immigrants living and working in Thailand) more strictly. We wanted to take some time to inform all recipients of this newsletter about the changes to immigration policies that may impact you, other expat’s or the lives and families of any expat.So, in brief summary, the TM30 requires all owners or lease holders of properties in Thailand to report the presence of any foreign person promptly. All foreigners who s....

New firm registrations rise 1% from May 2018 to 5,942New business registrations edged up 1% year-on-year in May, led by construction, property and restaurants.According to Sorada Lerttharpachit, deputy director-general of the Business Development Department, the number of new business registrations totalled 5,942, rising from 5,865 recorded in May of last year.On a monthly basis, registrations fell 0.03% from 5,944 in April.The top three sectors for new business registration in May were building/construction (530), property (371) and restaurant....

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