Accounting serves as the backbone of your business or any organization, playing a pivotal role in financial management decision-making, and compliance.

By systematically recording and analyzing financial transactions, accounting provides businesses with essential insights into their financial health, enabling you to make informed decisions, allocate resources efficiently, and plan for the future.

At Bangkok Accounting 2009, here are the accounting services that we provide:

1. Bookkeeping business transactions.
   • We can help you to bookkeep or keep track of your business financial transactions. Bookkeeping is considered to be a crucial step in running a business because it helps you to get a clear view of your finance and is a necessary step for preparing financial statements.
2. Accounting advisory.
   • We can offer you advices on how to implement an appropriate accounting system and a proper accounting documentation to achieve your business efficiency and meet law compliance in Thailand.
3. Preparing financial statements.
   • We can assist you by preparing the financial statements as it is legally required in Thailand to submit the audited financial statements to the authorities. Moreover, the financial statements also act as the reflection of your business performance. They can give you various insights on the effects of your past business decisions.
   • Profit and Loss Statement – a financial statement that compiles revenues and expenses incurred during a period.
   • Statement of Financial Position (Balance Sheet) – a financial statement that shows the assets, the liabilities, and the equity of a business, which provides an insight to the financial condition of a business.
   • Statement of Changes in Equity – a financial statement that presents the movement of the owners’ equity over a specified period of time.
4. Filing the Financial Statements and the Shareholder List(BOJ.5) to the Department of Business Development and the Revenue Department. 

Statutory audit is a legally required assessment to ensure that a business or an entity provides a fair and accurate representation of its financial position. In Thailand, businesses are required to submit statutory audited financial statements to the Department of Business Development and the Revenue Department. Failure to do so will result in penalties. Therefore, this service is necessary for your business to operate in Thailand.

1. Tax advisory or tax planning to increase business efficiency while ensuring legal compliance.
   • Each countries has its own tax rules and so is Thailand. Businesses can expect never-ending updates in Thai tax laws and regulations. Being up-to-date with Thai tax code can indeed offer you with many business leverages and we can facilitate you with tax planning.
2. Monthly Tax Preparation and Submission
   • VAT Tax Return Forms (P.P. 30 and P.P. 36). VAT is a consumption tax that is imposed on goods or services. If your business is VAT-registered, we can help you with preparing and submitting monthly VAT tax return forms to the Revenue Department.
   • Withholding Income Tax Return Forms (P.N.D. 1, P.N.D. 3, and P.N.D. 53). Withholding tax is a deduction from a payment that is paid to an employee or a service provider. Different types of payments will be withheld at different amounts and will be reported on different types of withholding income tax return forms. We can support you with identifying different types of payments and submitting the forms to the Revenue Department.
   • The Social Security Form(Sor Por Sor 1-10). For businesses whose employees are registered in the Social Security System, it is requisite to submit the Social Security contribution and report any changes in the status of employment to the Social Security Office no later than the date of 15th of the following month. We can help you with this administrative task.
3. Half-Year Tax Preparation and Submission
   • The Half-Year Corporate Income Tax Form(P.N.D. 51). Within two months from the half of the accounting period, the companies or juristic partnerships are obligated to report their half-year net earning to the Revenue Department. We can help you with the preparation and the filing of PND.51.
4. Annual Tax Preparation and Submission
   • The Annual Corporate Income Tax Form(P.N.D. 50). The companies or juristic partnerships have an obligatory filing of their net annual income to the Revenue Department within 150 days from the last day of their accounting period. We can help you with the preparation and the filing of PND.50.
   • The Withholding Tax Form of Annual Summary of Withholding Taxes (P.N.D. 1 Kor). Within 28th February, businesses are required to submit PND. 1 Kor to the Revenue Department. PND. 1 Kor is an annual summary of withholding taxes and salaries that are deducted and paid to employees throughout the year. We can assist you by preparing the form and submitting it.