Hi folks,

 

I have a small company registered in Thailand almost a year and a half ago.

It is common setup i.e. I am a foreigner (49%) and my wife is Thai (51%).

There are 2 Thai employees and I am the director.

I had to register this company because my employer in HK said it was on me to obtain the visa and WP which I did by registering my company.

So the employer send my salary to my company's business account which means I have 12 international equal transactions annually coming from abroad.

 

The thing is I have a feeling that my accountant overcharges me so I would like to ask if the prices they charge me for my company setup are too big or I am wrong. Every months my wife lists our expenses in an Excel file and sends them to the accountant. I perform the business account transactions (2 employees' salaries, my salary etc.) by myself and the accountant pays all the necessary taxes to the tax department.

This is how much I pay for the accountant service fees annually:

 

• Monthly accounting fee: 6000 thb (72k thb annually)
• End of year audit: 30000thb

 

Could you please say am I paying too much or this would be acceptable pricing for the type of company I run in Thailand?

 

 

Maybe OK in Bangkok.

 

I smaller Thai cities around 15,000 for year end audit and taxes.

 

Monthly less than a thousand baht.

On 2/15/2025 at 11:49 AM, WebGuy said:

Hi folks,

 

I have a small company registered in Thailand almost a year and a half ago.

It is common setup i.e. I am a foreigner (49%) and my wife is Thai (51%).

There are 2 Thai employees and I am the director.

I had to register this company because my employer in HK said it was on me to obtain the visa and WP which I did by registering my company.

So the employer send my salary to my company's business account which means I have 12 international equal transactions annually coming from abroad.

 

The thing is I have a feeling that my accountant overcharges me so I would like to ask if the prices they charge me for my company setup are too big or I am wrong. For example, it's cheaper here. Every months my wife lists our expenses in an Excel file and sends them to the accountant. I perform the business account transactions (2 employees' salaries, my salary etc.) by myself and the accountant pays all the necessary taxes to the tax department.

This is how much I pay for the accountant service fees annually:

 

• Monthly accounting fee: 6000 thb (72k thb annually)
• End of year audit: 30000thb

 

Could you please say am I paying too much or this would be acceptable pricing for the type of company I run in Thailand?

 

 

It's a pretty standard cost for a small business.
However, if your accounts and taxes are fairly simple, it may make sense to look for a cheaper accountant. 

On 3/10/2025 at 5:19 PM, erikame said:

It's a pretty standard cost for a small business.
However, if your accounts and taxes are fairly simple, it may make sense to look for a cheaper accountant. 

True. If your accounts are pretty straightforward, you can probably find a cheaper accountant without any hassle.

For a setup like yours, I usually see monthly accounting packages in the 4k–8k THB range, plus year-end work on top. It depends on how many invoices, bank entries, and payroll runs your accountant has to deal with. I cut my own admin time a lot by using technical scheduling in Acumatica’s field service tools, which kept my records cleaner and made my accountant charge less because there were fewer messes to sort out.

4000-5000 accountant

10000 audit

Bangkok