accountants and business advisers
Articles - 08 06 2020
Due to the recent outbreak of coronavirus disease 2019 (COVID-19) in Thailand, the economic downturn has negatively affected various stakeholders and actors across the economy, especially in industrial and manufacturing sector. Consequently, many factory operators have been suffering from a decrease of income and increase of cost of production.
Articles - 08 05 2020
COVID-19 has drastically changed the global economic outlook, and now more than ever, it is important to balance realism with optimism.
Further to the recent outbreak of coronavirus disease 2019 (COVID-19) in many countries, including Thailand, the Thai government has enacted the Emergency Decree on Electronic Meetings B.E. 2563 (2020) which allows the company to hold the meetings via electronic media without the requirement for the attendees to be physically present in Thailand nor to be in the same meeting room.
News - 08 05 2020
Xero’s data capture tool, Hubdoc, has been included for Xero Starter, Standard and Premium Plan.
News - 21 04 2020
The latest COVID 19 - BUSINESS SUPPORT MEASURES report (dated: 9th April 2020) prepared by the JFCCT, providing a summary of Thai Cabinet approved relief measures for Thai companies to support the economy during COVID 19 crisis on 10 March and 24 March 2020, as well as an additional Corporate Compliance Summary and comments on the State of Emergency declared by PM Prayut Chan-o-cha.
Articles - 17 04 2020
The following summarises the 2 (two) new Social Security changes to Social Security Fund legislation to provide greater support for the payment of salary compensation for employees (NB: most acutely focused on low paid workers) effected by COVID-19, which has already passed approval from the Thai Cabinet and has been officially announced in the Social Security Fund website (https://www.sso.go.th/wpr/main)
Articles - 07 04 2020
Economic crises and / or recessionary environments typically cause reductions in the future expected economic returns of assets which leads to the need for asset impairment tests. Impairment tests provided by independent expert are considered more reliable, accurate and inspire shareholder and / or investor confidence. PKF Thailand has developed an in-depth understanding of the valuation methodologies for a multitude of assets and a strong ability to address key concerns of auditors and regulators.
The rapid spread of anti-corona virus measures around the world has already had a significant effect on the ability of businesses to continue to function. The total effect varies significantly by industry and by country. Entertainment, hospitality and retail are struggling to survive, and many businesses will simply not make it. Companies in developed countries can expect a higher level of government support than will perhaps be available in South East Asia.
News - 07 04 2020
With the exception of the last bulleted item about the proposed federal Data Protection Agency, this month’s edition of Cyber Roundup soberly sets out various cybercrimes that are morphing into even more destructive acts, resulting in ever-expanding harm to businesses and individuals.
Articles - 10 03 2020
Short-term leasing, such as Airbnb has become more popular in Thailand's major condominium and house rental markets. However, without a proper Hotel License, these transactions may be violating Thai laws and creating significant Thai tax exposures.
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