Pimaccounting

Big news on the horizon for your finances! The Thai government has announced significant changes in personal income tax for foreign-sourced income. Whether you're an individual or an accounting firm, these updates are crucial for your financial planning.

🔍 Discover how these changes will impact you and what you need to do to stay compliant. From new reporting requirements to potential tax liabilities, our latest blog post breaks down everything you need to know.

💡 Don't miss out on this important information – stay informed and prepared.

Click the link below to read more about these changes and their implications!

Find out more at:
https://www.pimaccounting.com/blog/accounting/372-significant-changes-in-thai-personal-income-tax-for-foreign-sourced-income-implications-for-individuals-and-accounting-firms

Welcome to the most turnkey profitable Thai Spa & Massage franchise which focuses on Thai massage, Aromatherapy and Facials.

We are the premier spa brand that delivers a resort-like experience to your neighborhood in an ever-growing $20 billion spa industry. During your exploration, you will discover our relentless focus on exceptional experience, world class design and operational excellence.

As people leave the sedentary quarantine lifestyle behind and become more active, many will look to massage therapy to relieve aching muscles unaccustomed to hard exercise, making massage franchises a top franchise investment in 2022.

Covid has disrupted spa & wellness industry. Today, clients want more privacy, better quality and are more connected. We are all about providing high-quality therapeutic treatments, clean environments combined with digital strategy. We are creating a new business model and first-class experience for our clients.

The Thai Warrior Massage is a traditional Thai therapy that has been practiced since ancient times. Before the 13th century, this massage was used to heal injured warriors returning from war. This unique style of massage therapy is a meeting of traditional and ancient Thai techniques, including Ruesri Datton, or yoga massage, as it is commonly known.

Find out more at:
https://www.loft-thai.com/thai-spa-franchise/

Welcome to the most turnkey profitable Thai Spa & Massage franchise which focuses on Thai massage, Aromatherapy and Facials.

We are the premier spa brand that delivers a resort-like experience to your neighborhood in an ever-growing $20 billion spa industry. During your exploration, you will discover our relentless focus on exceptional experience, world class design and operational excellence.

As people leave the sedentary quarantine lifestyle behind and become more active, many will look to massage therapy to relieve aching muscles unaccustomed to hard exercise, making massage franchises a top franchise investment in 2022.

Covid has disrupted spa & wellness industry. Today, clients want more privacy, better quality and are more connected. We are all about providing high-quality therapeutic treatments, clean environments combined with digital strategy. We are creating a new business model and first-class experience for our clients.

The Thai Warrior Massage is a traditional Thai therapy that has been practiced since ancient times. Before the 13th century, this massage was used to heal injured warriors returning from war. This unique style of massage therapy is a meeting of traditional and ancient Thai techniques, including Ruesri Datton, or yoga massage, as it is commonly known.

Find out more at:
https://www.loft-thai.com/thai-spa-franchise/

Are you looking to expand your business to Thailand?

Pimaccounting has got you covered! We offer comprehensive company registration services for foreign investors, including obtaining necessary visas and work permits. Our team of experts will guide you through the process and ensure a seamless setup for your business. Let us help you take your business to the next level.

Contact us today for more information!

Find out more at:
https://www.pimaccounting.com/company-setup/

Pimaccounting offers timely and cost-effective financial management solutions for small and medium-sized businesses.

We’re your one stop for accounting services, bookkeeping, and tax advisory. It’s our goal to exceed your expectations by providing exceptional service and practical financial advice you can count on. With our support, you can focus your time and efforts on running your business and leave the accounting to us. We offer a wide variety of accounting services including budgeting, financial statements, and cash flow management.

As a full-service firm, each of Pimaccounting’s team members is a specialist in their field. Our teams provide dedicated solutions and services of highest quality and reliability.

- Company Registration
- Account Payable Management
- Accounting for Startup
- Accounting for SME
- Financial Year Closing
- Company Liquidation

Contact us for free consultation :
https://www.pimaccounting.com

LINE Official : Pimlegal
Office : Sukhumvit Soi 21 Interchange Building.
Email : [email protected]

😍ประกาศ😍ด่วนมากๆ
ร้านเปิดใหม่สปา สุขุมวิท 24 เดินทางง่ายมาก
กำลังรับสมัครเทอราปิสหลายอัตราที่นี่!
รับหมอนวดหลายตำแหน่ง พร้อมเริ่มงานจะดีมากๆค่ะ�
✅️ประกันมือ
✅️มีที่พักให้
✅️สายขาว100%
✅ รายได้รวมเริ่มต้น 25,000 - 35,000 ++ บาท/เดือน
✅อาหารกลางวัน
✅ลูกค้าดี ทิปหนัก
สำหรับข้อมูลเพิ่มเติมหรือสอบถามรายละเอียดเพิ่มเติม กรุณาติดต่อทาง LINE: 093 462 9224 หรือโทร 093 462 9224
LINE: https://line.me/ti/p/W5cPjOY1-M

😍ประกาศ😍ด่วนมากๆ
ร้านเปิดใหม่สปา สุขุมวิท 24 เดินทางง่ายมาก
กำลังรับสมัครเทอราปิสหลายอัตราที่นี่!
รับหมอนวดหลายตำแหน่ง พร้อมเริ่มงานจะดีมากๆค่ะ

✅️ประกันมือ
✅️มีที่พักให้
✅️สายขาว100%
✅ รายได้รวมเริ่มต้น 25,000 - 35,000 ++ บาท/เดือน
✅อาหารกลางวัน
✅ลูกค้าดี ทิปหนัก

สำหรับข้อมูลเพิ่มเติมหรือสอบถามรายละเอียดเพิ่มเติม กรุณาติดต่อทาง LINE: 093 462 9224 หรือโทร 093 462 9224

LINE: https://line.me/ti/p/W5cPjOY1-M

Singapore has a corporate income tax system. As of my last update in September 2021, the standard corporate income tax rate in Singapore is 17%. However, there are various tax incentives, exemptions, and rebates that companies may be eligible for, which could effectively lower the tax rate. For example, new start-ups may be eligible for tax exemptions on a portion of their normal chargeable income for their first three years of assessment.

It's essential to consult a tax professional or legal advisor to understand the specific tax obligations and benefits that may apply to your business in Singapore, as the tax landscape can change and my data might be outdated.

But it's important to note that this doesn't mean there is "no tax on profit" across the board. These are specific incentives or exemptions that companies may qualify for under certain conditions, and they are often time-bound or limited to a certain amount of profits.

It's also worth mentioning that Singapore follows a territorial basis of taxation, which means foreign-sourced income is not subject to tax in Singapore unless it is received or deemed received in Singapore. Even then, there may be exemptions available for foreign-sourced income under specific conditions.

ควรต่ออายุวีซ่านักเรียน&นักศึกษาเมื่อไหร่?

การขอต่ออายุวีซ่าประเภทนี้ ควรยื่นล่วงหน้าก่อนอายุวีซ่าหมดอย่างน้อย 30 วัน โดยจะขอขยายเวลาการพักอาศัยเพื่อศึกษาได้สูงสุดไม่เกิน 1 ปี หรือตามวันที่ระบุขอไว้ในหนังสือนำ (ศธ.) จากสถาบันการศึกษา ทั้งนี้ ขึ้นอยู่กับการพิจารณาของเจ้าหน้าที่สำนักงานตรวจคนเข้าเมืองในระหว่างที่รอผลพิจารณาสามารถอาศัยอยู่ประเทศไทยไปพลางๆก่อนได้ นักเรียน/นักศึกษาต่างประเทศที่เข้าเมืองไทยด้วยวีซ่าแบบ Non-Immigrant ED Visa จะสามารถอยู่ประเทศไทยได้ 90 วัน ดังนั้นก่อนวีซ่าหมดอายุ นักศึกษาชาวต่างประเทศจะต้องยื่นขอต่ออายุวีซ่าล่วงหน้า 1 เดือน ก่อนจะหมดอายุ ที่สำนักงานตรวจคนเข้าเมือง โดยจะพิจารณาอนุญาตให้อยู่ต่อได้ ตามวันที่ระบุขอไว้ในหนังสือนำ (ศธ.) จากทางมหาวิทยาลัยแต่สูงสุดไม่เกิน1ปี

ในการขอต่ออายุ วีซ่านักเรียน/นักศึกษาต่างชาติ เจ้าหน้าที่จะอนุญาตวีซ่าให้ 30 วัน เพื่อรอการพิจารณาอนุมัติวีซ่าเป็นเวลา 1 ปี ดังนั้น เมื่อใกล้ครบกำหนดการอนุญาต 30 วัน ให้นำหนังสือเดินทางไปฟังผลการพิจารณาอีกครั้ง หากผลการพิจารณาเสร็จสิ้นแล้วก็จะอนุญาตเป็นวีซ่า 1 ปี แต่หากผลการพิจารณายังไม่เสร็จก็จะต่อวีซ่าให้อีก 30 วัน จนกว่าผลการพิจารณาจะออกมา

Find out more at: https://www.pimaccounting.com/
LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

The users of account information can vary depending on the type of information being provided and the context in which it is being used. In general, the primary users of account information are individuals or organizations that have a financial interest in the entity being tracked, such as investors, lenders, and creditors. These users rely on the account information to assess the financial performance and health of the entity, and to make informed decisions about investing or extending credit. Other users of account information may include government agencies, regulatory bodies, and auditors, who may use the information to ensure compliance with laws and regulations, or to conduct investigations or audits. Additionally, the management of the entity itself may use account information to make strategic decisions, track performance, and identify areas for improvement.
Watch the video : https://www.youtube.com/watch?v=0KoFC8rAUDQ
Find out more : https://www.pimaccounting.com/blog/accounting/102-who-are-the-users-of-the-account-information

Who are the users of the account information

How is registering as a legal person better?

Many people are perplexed when it comes to launching a business. whether to begin registering as a juristic person or not, or whether to conduct the business as a natural person Today we will discuss the benefits of registering as a juristic person. Many individuals will use this knowledge to make decisions. There are several benefits to registering a juristic person, including:
-Pay tax on real earnings based on the account. However, if the firm makes a loss in any year, it is not required to pay yearly tax.
-Corporate income tax must be paid at the lower rate of 20% than personal income tax. with a maximum rate of 35%
-The company appears to be more dependable.
-Reduce financial management confusion. Because there is a clear distinction between corporate and personal funds.
In the case of a company's insolvency, the shareholders' assets are limited to the value of their shares.
But everything will be much simpler. Allow us to assist you in managing your company.

Find out more at: https://www.pimaccounting.com/
LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

There are several types of visas available for foreigners who wish to enter and stay in Thailand for various purposes. These include tourist visas, which allow for short-term stays for tourism and leisure purposes; business visas, which allow for longer stays for business-related activities; and work visas, which allow foreigners to work in Thailand for a specified period of time. Other types of visas include education visas, which are designed for students who wish to study in Thailand, and retirement visas, which are available for foreigners who meet certain age and financial requirements. The specific requirements for each type of visa may vary depending on the applicant's nationality and intended length of stay, and may be subject to certain conditions and restrictions.

Watch the video : https://www.youtube.com/watch?v=fcMX0NXzuYA
Find out more : https://www.pimaccounting.com/blog/accounting/65-what-type-of-thai-visas-are-there

What type of Thai visas are there

Strategies for developing and retaining top accounting talent.

For a corporation to be financially successful, it is essential to recruit and keep top accounting staff. Organizations should provide competitive pay and benefits, chances for professional growth, a supportive workplace environment that promotes work-life balance, and top performers should be recognized and rewarded in order to do this. The efficient and successful management of the financial operations, which is necessary for long-term success, may be ensured with the aid of these measures.

Find out more at: https://www.pimaccounting.com/
LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

The Use of Blockchain Technology in Accounting in Thailand

Accounting is one of the many sectors that is embracing blockchain technology. The technology provides a safe, decentralized method of data sharing and storage, which may significantly increase accounting operations' traceability and transparency. Businesses in Thailand are beginning to use blockchain technology for funding invoices and supply chains.

The capacity to build a tamper-proof, decentralized record of transactions is one of the key benefits of blockchain technology in accounting. As a result of everyone in the network having access to the same data, this may significantly increase openness and traceability in accounting. As any illegal modifications to the ledger would be readily obvious, this can also lower the risk of fraud.

Businesses in Thailand are utilizing blockchain technology to trace their supply chains since it enables them to document and validate data regarding the origin, transit, and ownership of commodities. This may contribute to increased supply chain traceability and transparency, which is advantageous for ensuring that laws are followed and lowering the possibility of fake goods being sold.

Additionally, invoice finance, which enables companies to obtain capital by selling their invoices to investors, uses blockchain technology. By recording and verifying the invoices using blockchain technology, the process may be made much more transparent and traceable.

In conclusion, Thailand is adopting blockchain technology more and more in accounting, notably in supply chain and invoice finance. The technology provides a decentralized and secure method of data sharing and storage, which may significantly increase accounting operations' transparency and traceability and lower their risk of fraud.

ที่มา : https://www.setinvestnow.com/th/knowledge/article/307-7-risks-after-retirement

Find out more at:
https://www.pimaccounting.com/

LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

The purpose of setting up a company is to create a legal entity that can engage in business activities, enter into contracts, and own property. The process of registration is necessary to establish the company as a separate legal entity from its owners or shareholders, and to provide it with legal protections and benefits. By registering a company, the owners can limit their personal liability for the company's debts and obligations, and may also be able to take advantage of certain tax benefits or other incentives. Additionally, registration may be required by law in order to operate certain types of businesses, or to access certain government programs or contracts. Overall, the purpose of setting up a company and registering it is to establish a legal framework that supports the company's operations and protects the interests of its owners and stakeholders.

Watch the video : https://www.youtube.com/watch?v=zbWVUQzWBsA
Find out more : https://www.pimaccounting.com/blog/accounting/94-what-is-the-purpose-of-a-company-setup-why-is-it-necessary-for-a-registration

What is the purpose of a company setup Why is it necessary for a registration

Taxation and its Impact on Business Decisions in Thailand

In Thailand, taxes have a big impact on how businesses are decided. The tax structure of the nation is intended to finance both government spending and economic development and growth. The country's enterprises' capacity to compete globally and to make a profit can both be impacted by the tax burden.

One of the primary taxes that companies in Thailand are required to pay is corporate income tax. Thailand now has a corporate income tax rate of 20%, which is thought to be very high when compared to other nations in the area. Due of this, Thai enterprises may find it more challenging to compete internationally.

In Thailand, value-added tax (VAT) is another significant tax. The typical VAT rate, which is 7% for the majority of products and services, is used. Additionally, this tax may affect the costs of products and services, which may make it more challenging for companies to compete.

Additionally, import and export fees, excise taxes, and stamp duties are among the additional taxes that Thai enterprises must pay. These taxes may also affect commercial choices like where to make items, where to acquire raw materials, and where to sell them.

In conclusion, taxes have a big impact on how businesses make decisions. The tax structure of the nation is intended to promote economic expansion and development, but it may also have an effect on how competitive and profitable domestic enterprises are. When choosing where to create things, where to acquire raw materials, and where to sell them, businesses must take taxes into account.

Find out more at:
https://www.pimaccounting.com/
LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

Liquidation refers to the process of winding up a company's affairs and distributing its assets to creditors and shareholders. The causes for liquidation may vary depending on the circumstances, but typically involve the company's inability to pay its debts or fulfill its obligations. This may be due to financial difficulties, such as declining revenues or increasing expenses, or other factors such as legal disputes, regulatory violations, or management issues. In some cases, liquidation may be initiated voluntarily by the company's shareholders or management, while in other cases it may be forced by creditors or other stakeholders. Ultimately, the decision to liquidate a company is typically made when there is no reasonable expectation that the company can continue to operate and meet its obligations in a sustainable manner.

Watch the video : https://www.youtube.com/watch?v=DZ1UYSx_AH4

Find out more : https://www.pimaccounting.com/blog/accounting/98-what-is-the-cause-for-liquidation

What is the cause for liquidation

International Financial Reporting Standards (IFRS) in Thailand

The International Accounting Rules Board (IASB) created the International Financial Reporting Standards (IFRS) as a collection of accounting standards to offer a universal language for financial reporting. The IFRS having been accepted as Thailand's national financial reporting standard.

The fundamental benefit of IFRS is that they offer a reliable, transparent, and comparable framework for financial reporting, which is advantageous for businesses, investors, and other stakeholders. It is also crucial for Thailand since it makes it simpler for businesses to draw in foreign capital and promotes international commerce and investment.

The IFRS standards are meant to represent the economic substance, not the legal form, of transactions and occurrences. By doing so, it is possible to guarantee that financial statements accurately reflect a company's financial situation and performance.

The Securities and Exchange Commission (SEC) is in charge of enforcing IFRS standards in Thailand. To assist Thai businesses in appropriately implementing the IFRS standards, the SEC has also released a variety of guidance and interpretations.

In conclusion, the adoption of IFRS in Thailand has created a structure for financial reporting that is uniform, open, and comparative, which is advantageous for businesses, investors, and other stakeholders. Additionally, it makes cross-border commerce and investment easier and aids in attracting international investment. The SEC has released instructions to assist businesses in effectively applying the IFRS standards, which are also their responsibility to enforce.

Find out more at: https://www.pimaccounting.com/
LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

What is Green Accounting and how is it relevant in Thailand?

A technique of accounting called "green accounting," often referred to as "environmental accounting," takes the environmental effect of a company's activities into consideration. As the nation struggles with issues including air pollution, deforestation, and water scarcity, sustainability is gaining importance in Thailand.

How does Green Accounting help businesses in Thailand?
Businesses may assess their environmental performance and pinpoint areas for improvement with the aid of green accounting. Analyzing the environmental cost of a company's activities, such as energy use, waste production, and greenhouse gas emissions, is part of this.

What is the role of carbon footprint measurement in Green Accounting in Thailand?
The measuring of carbon footprint is a crucial component of green accounting in Thailand. Businesses must now report their carbon emissions and establish goals for lowering them. This is in keeping with Thailand's pledge to cut greenhouse gas emissions.

How is Sustainability Reporting relevant in Thailand?
In Thailand, where businesses are required to publish their environmental and social performance in their annual reports, sustainability reporting is becoming more widespread. This makes it possible for stakeholders to comprehend a company's sustainability initiatives.
As a result of the country's environmental issues, sustainability and green accounting are growing in importance in Thailand. Businesses may assess their environmental performance using green accounting, and stakeholders can learn more about a company's environmental activities through sustainability reporting.

Find out more at: https://www.pimaccounting.com/
LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

Juristic persons are entities that are recognized as legal persons under the law, and are subject to various legal rights and obligations. While many juristic persons are subject to income tax on their earnings, there are certain categories of entities that are exempt from income tax in many jurisdictions. These may include non-profit organizations, such as charities and religious institutions, government bodies and agencies, and certain types of educational institutions. The specific criteria for determining which juristic persons are exempt from income tax may vary depending on the jurisdiction, and may be subject to certain limitations or conditions. Generally, these exemptions are designed to promote certain social or public policy objectives, such as encouraging charitable giving or supporting educational institutions.

Watch the video : https://www.youtube.com/watch?v=uct-VCoMRzs

Find out more : https://www.pimaccounting.com/blog/accounting/61-what-are-the-juristic-persons-that-are-not-subject-to-income-tax

What are the juristic persons that are not subject to income tax

Impact of AI and ML in Accounting in Thailand

In Thailand, accounting and finance management is rapidly adopting artificial intelligence (AI) and machine learning (ML). This technology may increase productivity and accuracy by automating repetitive operations such as data entry. and analyzing massive amounts of data for more accurate financial reporting and decision making. AI and ML may detect fraud and financial anomalies in real time. Avoid the loss of capital and harm to reputation. It is important to remember that these technologies should be used to support human accountants rather than replace them. But accountants must be prepared to deal with the changes that are about to happen.
ที่มา https://cointelegraph.com/news/japan-may-see-a-reduced-20-tax-on-crypto-earnings-with-new-proposal?fbclid=IwAR3urWsVt8YAZA4djzj9SAApmLQYF9nzAq-_TVP0pFPpy5OK9IrcQjY9e-A
Find out more at: https://www.pimaccounting.com/
LINE Official: https://lin.ee/xsFsYGD
Phone / เบอร์โทรศัพท์: 094-365-5697, 092-889-9046
Email: [email protected]

At its core, providing tailor-made accounting solutions for every business type involves offering customized and personalized accounting services to meet the specific needs of each client. This approach recognizes that different businesses have unique accounting requirements based on factors such as industry, size, and structure, and thus require tailored solutions that are specifically designed to meet those needs. These services may include bookkeeping, tax planning and compliance, financial reporting, budgeting and forecasting, and other accounting-related services. By working closely with each client to understand their unique needs and objectives, accounting firms can develop customized solutions that help businesses optimize their financial performance and achieve their goals.

Watch the video : https://www.youtube.com/watch?v=Hh7lKMQbF6E

Find out more : https://www.pimaccounting.com/blog/accounting/44-we-provide-tailor-made-accounting-solutions-for-every-business-type

We provide tailor made accounting solutions for every business type