Dear Clients, Dear Readers,Due to the pandemic of the COVID 19, from this day, a part of our team will be working from home. All documents of March 2020 should be handed over as usual to our offices. Please contact your accountant as usual to proceed. Following the high impact of this pandemic our activities, the government has recently offered the following measures:Taxation and Social Security Contributions:- Extension of your Corporate Income Tax (PND 50) filing to the 31st of August 2020.- Personal Income Tax filing (PND 91) ....

To support the local economy during the COVID19 and its economic impact on the Thai companies (focusing specially on small and medium sized enterprises), the Thai Government has approved a stimulus package on March 10th, 2020 of Financial and fiscal measures worth US$12.7Billion. Those relief measures target also travel and tourism companies, which accounts for 12% of the GDP and the most affected sectors). From the reduction of tourism, it is the whole chain that is affected (transportation companies, hotels and other services), thre....

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....

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