This may be one of the major reasons of getting hit with penalties or fines. Having an accountant by your side will keep you informed regarding the tax credits and deductions while reducing the tax burden. Look around and you will find innumerable accounting services for foreign company in Thailand. So, what do their services include?
- Value Added Tax
- Creating Monthly Reports
- Annual Tax Return
- Record Accounting Transactions
- Withholding Tax
- Withholding Tax Return
- Schedules for Financial Statements
- Mid-Year Tax Return
- Bank Accounting Set Up
- Preparation of Checks
- Annual Tax Return
- Submitting Annual Financial Statement to the Thai Government
- Payment Transfers
However, these are likely to vary from one company to another.
You know what hiring one of the accounting companies in Thailand can be equally important if your business isn’t getting sufficient profit through selling more. Your professional will look at the overhead costs while helping you to figure out the areas, where cost-cutting is possible and adjustments can be done to increase the profit margins.
When looking for a service provider, the budget is surely a factor, especially for a start-up, when you already have so many things to concentrate on, outsourcing the accounting job can give quite a toll. Having said that, today most of the accounting service providers are offering their services based on packages. Some examples are mentioned below;
Start-ups
- Financial Statements
- Annual Tax Return
- Company Administration
- Annual Tax Review
- Annual GST Reconciliation
- June BAS Lodgment
Businesses Looking for Growth
- Financial Statements
- Annual Tax Return
- Company Administration
- Annual Tax Review
- Annual Planning Session
- Quarterly GST Reconciliation
- Quarterly business activity statement (BAS) Lodgement
- Quarterly Management Report
Businesses Getting Higher Returns
- Financial Statements
- Annual Tax Return
- Company Administration
- Annual Tax Review
- Annual Planning Session
- Quarterly GST Reconciliation
- Quarterly business activity statement (BAS) Lodgement
- Quarterly Management Report
- Quarterly Management Meeting
In which category your business falls under? However, for your information, you can also tailor-made your accounting service package. So what are you waiting for? Start looking for accounting services for foreign company now. You can take referrals from your acquaintances or colleagues or check online. The websites are expected to have detailed information about their business, from day of inception to specialization. Some of them even have their packages listed for your ease.
