accountants and business advisers
News - 10 07 2018
On 6th July, PKF officially launched PKF Eastern Seaboard becoming the only global accounting firm with an active branch in the Eastern Seaboard. The launch was attended by guest speaker Khun Suwatana Kmolwatananisa - Deputy Governor responsible for Strategy and Development of the Industrial Estate Authority of Thailand, local business executives and press, and also John Sim - Global CEO of PKF International.
News - 05 07 2018
What is BEPS, why is it important and what is its impact on Thailand so far? Taxation is at the core of countries’ sovereignty, but practice has shown that the interaction of domestic tax rules can lead to gaps and frictions. As a result, existing tax rules have revealed numerous weaknesses. This, in combination with the ongoing financial crisis, has led to the concern that in the changing international tax environment, the applicable international tax standards which were applied by the respective jurisdictions were insufficient.
News - 05 06 2018
As we continue our journey towards Thailand 4.0 there’s little doubt that the electronic revolution that we experienced is a force for tremendous good. Time-savings, accuracy, widening our personal knowledge and experience, medical breakthroughs, on and on cannot be fathomed without information technology. Will the genius of IT eventually solve resultant cyber criminality – or, at the very least, ensure that it is minimal? In the meantime, vigilance is the best practice.
News - 28 05 2018
As we continue our journey towards Thailand 4.0, we look at this month’s cyber events, which many of you may consider to be “jaw-dropping” in their intensity and reach.
News - 07 05 2018
Continuing our focus on cyber-security as Thailand prepares for Thailand 4.0. In such a connected world, these global cyber-happenings have important implications for any Thai organization operating in today’s digital age. This edition includes a cyber-attack on a petrochemical plant in an attempt to trigger an explosion as well as attacks on the US energy grid.
New fee rates for registration of partnerships and limited companies were announced in the Government Gazette on 20th April 2018 meaning the date for these to become effective was 21st April 2018. The new rates provide flat rates for establishing partnerships and limited companies and also give discounts for e-registration and special development zones. Our team have translated the Thai text and it can be found in the attached link.
The 19th century thinker Elbert Hubbard said “The typical accountant is a man, past middle age, spare, wrinkled, intelligent, cold, passive, non-committal, with eyes like a cod-fish; polite in contact but at the same time unresponsive, calm and damnably composed as a concrete post or a plaster of Paris cast; a petrification with a heart of feldspar and without charm of the friendly germ, minus bowels, passion or a sense of humor. Happily they never reproduce and all of them finally go to Hell.” Of course today we know that is not true, But what about the future accountant? Do they even have a job? Andrew McBean writes about Digital Disruption in the accounting industry.
PKF will shortly publish its Worldwide Tax Guide for 2018/19. The seasoned professionals from our tax team in Thailand submitted a 13 page summary for that guide which will be useful for anyone doing business in, or looking to do business in, Thailand.
News - 29 03 2018
PKF O’Connor Davies through their subsidiary O’Connor Davies Administration, LLC have announced the launch of a new administration service offering for cryptocurrency hedge funds. Also announced was news that three cryptocurrency hedge funds already rely on their team to provide fund administration services.
Continuing our focus on cyber-security as Thailand prepares for Thailand 4.0. Welcome again to the month’s multifaceted world of cyber criminality. Precipitated by spoofing, spamming, sniffing, sandboxing, phishing, spyware, ransomware, adware, etc., the results are an almost infinite number and variety of cyber crime. All aspects of our individual and business lives are now infused with electronic technology of some sort. It’s unavoidable and, actually, should be welcome because it empowers us. BUT knowing the vulnerabilities for ourselves and our businesses is the first step to self-preservation and from there we can go on to use the technology to its utmost benefit.
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