Tax Advisory Services
Tax advisory services that help business owners ease their tax burden correctly and avoid back-tax assessments, preventing problems that may arise in the future.
Tax Advisory from an Experienced Professional Team
We help your business handle its taxes correctly under the Revenue Code and the Revenue Department’s practice guidelines, reducing the risk of surcharges and penalties that may follow later.
Our tax advisory service serves individual business owners, limited companies and partnerships, from SMEs and start-ups to large enterprises, including manufacturers, service businesses, trading (buy-and-sell) businesses and construction contractors, each of which faces different tax issues. The service is provided by a team of accountants who have worked directly in tax for over 30 years.
Tax deserves close attention alongside the running of a business today, as tax rules change frequently. It is a factor that cannot be overlooked if future tax problems are to be prevented.
Mistakes can affect your business or result in back-tax assessments or legal penalties. Business owners should therefore study tax planning carefully or engage a specialist advisor to help resolve issues and plan specifically for their business, in line with the conditions and criteria set out in tax law.
- Finding solutions to tax problems, such as incorrect filing, late filing or a tax audit, and resolving them correctly in accordance with the law
- Planning taxes in advance to save tax through methods accepted under the law
- Personal income tax (PIT), such as choosing the expense deduction method and claiming tax allowances
- Corporate income tax (CIT), including filing P.N.D.51 (half-year corporate income tax return) at mid-year and P.N.D.50 (annual corporate income tax return) at the end of the accounting period
- Withholding tax (WHT): the rates to be withheld and the filing of monthly P.N.D. returns
- Value added tax (VAT): issuing tax invoices and filing P.P.30 (monthly VAT return)
- Specific business tax, for businesses that fall within its scope, such as the sale of real estate within the period specified by law
- Which supporting documents for expenses may be treated as tax-deductible expenses, and which constitute non-deductible expenses
- Other tax issues arising from the nature of your business
- Reducing the business’s risk of being assessed penalties and surcharges
- Liaising with the Revenue Department to handle tax issues
“Once a business begins to earn income, the tax burden follows immediately: income tax, withholding tax and value added tax. If you are not certain whether you have filed all of your taxes to date, or whether any items have been omitted, a tax advisor can review the matter and set out a solution before it becomes a problem.”
Having a regular tax advisor helps prevent problems in advance, because someone advises you on what your business must file, when, and how to prepare the documents, so you can comply with the law in full with peace of mind.
Tax Problems Businesses Face
- The tax system is complex, with complicated procedures
- Documents omitted from filings, causing errors and additional tax assessments together with penalties and surcharges
- The business is called in by the Revenue Department for a retroactive tax audit, or receives a summons
- The business lacks someone with knowledge and expertise in tax
Most tax problems can be prevented if someone assists with a review before the return is filed, rather than after you have already been called in for an audit.
Why Should a Business Have a Tax Advisor?
Individuals and companies that do not yet fully understand the tax aspects of running a business may, without the necessary knowledge and experience, be unable to plan their taxes to save tax lawfully. Business owners should therefore engage a dedicated tax advisor to help plan their business taxes correctly, as follows:
- Complexity of tax law: Tax law is complex and its procedures are complicated. Business owners should engage a tax advisor with direct knowledge and expertise to help plan the business’s taxes correctly.
- Improving tax management: Analysing and improving tax management processes to suit the business
- Saving money: Planning tax payments to alleviate the tax burden
- Reducing risk: Doing business can involve tax risks, such as managing tax incorrectly or paying tax unnecessarily. An advisor can help manage these risks and keep them to a minimum.
When You Consult Greenpro KSP Group on Tax
To help prevent tax problems later, Greenpro KSP Group looks after your business’s back office with quality, transparency and accountability, giving business owners the confidence and time to focus fully on front-office operations and sales planning, so the business can run smoothly in compliance with legal requirements.
- Setting up the accounting system to establish a document flow and internal control, reducing duplicated work and
missing data - Reducing the tax burden through the rights that the law provides, without the risk of resorting to illegal methods
- Planning a comprehensive tax payment strategy to prevent problems in the long term
- Simplifying tax procedures and preparing supporting documents for filing and paying taxes
- Fewer errors caused by unfamiliarity with tax rules, and fewer unnecessary penalties
- Lower risk of violating tax law
- Advice on correct compliance and tax payment, covering both corporate income tax and directors’ personal income tax, helping business owners address issues precisely and reducing tax-related worry
Tax Advisory Enquiries
Contact the accounting office of Greenpro KSP Accounting Co., Ltd.
Address: 32/8 Soi Sukhaphiban 5 Soi 73 (Pornkulwat), O-Ngoen, Sai Mai, Bangkok 10220
Business hours: Monday–Friday, 8:30 a.m.–5:30 p.m. (Thailand time)
Add us on LINE (click the link): @greenprokspacc
Phone: 085-067-4884