Payroll Outsourcing Solution
This first step consists of discussing with our clients about their business and financial situation in order to better apprehend their accounting flows and to anticipate the best steps to follow with the very best possible methods. During this phase, discussions occur between our teams and our accounting specialists. We list your expectations and figure out how to get started in order to better respond to your needs.
022. Data Collection and Records
Depending on the size of your company, each month or week, we will collect you invoices, receipts and bank statements. On our side, we proceed to a control of each of your transactions and warn you about potential lacks of formalisation or discrepancies if needed. At B-Accounting, each phase is an opportunity to advise our customers. Once these documents are collected, we record each piece in our software. Depending on your need we offer cloud based solutions. Please free to discuss about it desired.
033. Tax Filing
Your transactions are now recorded, it is now time for reconciliation and tax filings. Based on our records, your tax balances are alimented. We then produce your local tax forms to comply with tax rules. Before each official deadline, we produce your tax forms. The first are your withholding taxes filing then your VAT. The deadlines will vary according to the payment mode you will choose. E-filing tax filers, will benefit of an extension of 1 week. Payment can be done either by cheque, cash or by internet transfer.
044. Monthly Report
Once your tax & legal obligation is completed and your balance reconciliations are done, we produce your financial reports. The goal is to review and track how much money your business is earning (or not). Another purpose consists of delivering a reliable information to the stakeholders of the company (shareholders, lenders, banks, administration, etc). A healthy business is a transparent business, not knowing your figures may lead to conflicts, significant omissions or to lost opportunities to save your cost and to increase your margin.
We pride ourselves on providing high quality and extremely professional Payroll Outsourcing solutions to meet, exactly, our clients requirements.
B-Accounting’s confidential and flexible Payroll Outsourcing service offers small to medium size businesses (SME’s) the opportunity to concentrate their limited resources on core business needs whilst knowing that time-consuming administrative tasks are being handled efficiently.
We utilize the latest technology to accurately and speedily process payrolls reliably and cost-effectively, and to ensure complete data security and protection.
Our knowledge and expertise in Thai rules and regulations means you can be confident that your payroll will always comply with the latest statutory and legislative requirements.
Our full service includes:
- Payroll calculations& pay-slip creation
- Issuing payment instructions to bank
- Withholding tax & Tax Certificates
- Calculating Social Security & Government Agency Payments
- Electronic Reporting