Frequently Asked Questions

iACC Professional is a service provider offering accounting, bookkeeping, tax, business registration, and auditing services. We have a team of professionals with over 15 years of experience in the industry.

Our accounting services cover the preparation of financial statements, monthly accounting services, annual financial statement preparation, and accounting consulting for clients.

Tax planning helps businesses manage their tax expenses efficiently, prevents future tax issues, and maximizes profitability.

Large businesses and publicly listed companies are required to have an annual audit. Other businesses should consider auditing based on their size and the complexity of their operations.

We provide tax planning advice, annual tax filing, tax deductions and tax management in specific cases such as online business tax filing.

Generally, we need financial documents such as receipts, tax invoices, income and expense records, and other documents related to the business's financial transactions.

Yes, we provide financial statement preparation services and annual financial statement submission to the Department of Business Development and the Revenue Department.

We can assist in preparing all the necessary documents for employer registration and social security, and handle the submission process on your behalf.

Withholding tax is a tax that the payer must withhold before paying the payee, such as wages or the cost of goods, and must be submitted to the Revenue Department.

Yes, we have experience in providing tax consulting for online businesses, including compliance with relevant laws.

Tax planning helps reduce expenses by utilizing available deductions and legal benefits, making the business's cash flow management more efficient.

Typically, it takes no more than 3-7 business days, depending on the readiness of the documents and the review process.

Generally, small businesses are required to pay the following main taxes:

1. Corporate Income Tax: If registered as a legal entity, such as a limited company or limited partnership.

2. Personal Income Tax: If operating the business under an individual name.

3. Value Added Tax (VAT): If the business exceeds the specified revenue threshold.

The process involves an independent auditor (typically a licensed accountant) examining the accuracy and completeness of a business's financial data, including the balance sheet, income statement, and other financial reports. The goal is to ensure that this information accurately reflects the business's financial position and complies with generally accepted accounting principles (GAAP).

Tax accounting should be managed correctly and in compliance with the law, including monthly tax filings, preparation of tax documents, and accurate record-keeping. This ensures smooth business operations and adherence to tax standards.

Normally, the Revenue Department requires individuals to file their personal income tax returns (P.N.D. 90 or P.N.D. 91) by March 15th of the following tax year. For example, income earned in 2023 must be filed by March 15th, 2024.

However, it is important to regularly check announcements from the Revenue Department, as deadlines may change.

An accounting firm is an organization that provides services such as accounting, auditing, and tax filing. Expert accountants manage financial and tax matters to ensure your business complies with legal requirements and accounting standards.

You can find an accounting office near you by using Google Maps or searching on the iACC Professional website, where we offer services both locally and online.

To register a limited company, you need to prepare documents such as the founders' details, company name, and office location. Then, submit the application to the Department of Business Development. Our accounting office offers assistance with the registration process for your convenience.

Statement of financial position or balance sheet is a statement showing the financial position of a business as of the date specified in the statement that the business is responsible for preparing to submit to the Department of Business Development. It consists of 3 main components: assets, liabilities, and shareholders' equity.

P.P. 30 is a document summarizing input tax (tax on purchases) and output tax (tax on sales) that business owners must submit to the Revenue Department for Value Added Tax (VAT) on a monthly basis. It must be filed by the 15th of the following month.

A Tax Invoice is an important document that must be issued by a seller or service provider who is registered for VAT (Value Added Tax). It must be provided to the buyer each time goods are sold or services are rendered. The Tax Invoice serves to show the value of the goods or services, along with the VAT charged to the buyer. Typically, the invoice is created immediately after the sale or service. However, if the seller or service provider sells goods or provides services to a particular buyer multiple times in a single day, the seller can consolidate and issue a single Tax Invoice for all the transactions on that day.

P.N.D. 94 is the form for mid-year tax payment. Whether you are an individual or a legal entity (company or partnership), if you have income, you are required to pay tax. The mid-year filing calculates income from January 1st to June 30th. If your income exceeds 60,000 Baht (for single individuals) or 120,000 Baht (for married individuals), you must file P.N.D. 94, excluding income from regular employment.

A salary certificate is a document issued by an employer to verify an employee's income. It can be used for filing taxes, applying for a loan, or other transactions that require verification of income.

You can request a quote for accounting services by contacting us. We will assess your needs and send you a suitable quote within a short time.

Filing taxes online with the Revenue Department is easy. Just register on the Revenue Department website and fill in your income information, including related expenses and deductions.

The Department of Business Development provides business registration services, license applications, and various business information that is useful for entrepreneurs, such as information on company registration and changes in business information.

P.N.D. 91 is the personal income tax filing form for individuals with assessable income under Section 40(1), which is solely from employment. It must be filed between January and March of each year.

P.N.D. 90 is the individual income tax return form for individuals who have assessable income under Section 40 (1) to (8), either from multiple types or a single type of income. The form must be submitted between January and March of each year.

A receipt is a document that shows payment has been received from a customer, while a **tax invoice** lists the goods or services provided along with the Value Added Tax (VAT). The tax invoice is commonly used for accounting purposes and for filing VAT returns.

It's necessary when you need to separate tax amounts for accounting purposes, such as recording sales figures excluding VAT in financial reports or issuing itemized tax invoices. You can learn more about the VAT calculation formulas [here].