Small company accounting fees

[WebGuy]

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?