Panwa Group Accounting & Auditing Offices in Bangkok
Panwa Auditing and Accounting - Thailand (Thai auditor:CPA:Certifed Public Accountant) Panwa Group Company Limited
Panwa Auditing Company Limited
Panwa Accounting and Tax Company Limited
Our brief background
Panwa Group, founded in year 2000, is accounting, auditing and tax-business advisory firm based in
Bangkok. Founder and managing director is Mr. Prasert Poothong, a certified public accountant
(C.P.A. Thailand) with over 10 years experience at management level. We serve small to medium
size local and international companies in various businesses all over Thailand.
At present we are providing auditing services to more than 120 companies, and accounting and taxation
services to more than 80 companies all over Thailand. Many of these businesses have foreign,
non-Thai partnerships.
As experienced Thai accountants, auditors, consultants and negotiators we understand the complex
nature and changes of Thai laws, regulations and red tape. We are also constantly updating ourselves
to be able to provide our clients up to date information and the best services for the success of
their businesses. Whenever necessary we inform our clients of news and changes and updates
related to their business and taxation matters. We help our client companies and corporations
plan their corporate taxation and accounting.
Types of business services we provide
Company setting up and all business license registration
Setting up overall accounting system
Tax services, tax planning and consulting
Accounting and book keeping services
Compliance with BOI requirement
Auditing, special purpose auditing
Due diligence
Payroll
Meeting, declaration and negotiation with Government Sector
Secretarial services
Taxation
We provide you all taxation services related to your business. Our service also cover meeting, declaration and
negotiation with Government tax officers when requested. Types of tax services consist of:
Monthly personal income tax (form Por Ngor Dor 1)
Monthly withholding tax (form Por Ngor Dor 3, Por Ngor Dor 53)
Monthly VAT (Value Added Tax) including VAT purchase and sale report (form Por Por 30)
Half year corporate income tax (form Por Ngor Dor 51)
Yearly personal income tax (form Por Ngor Dor 1 Kor)
Yearly corporate income tax (form Por Ngor Dor 50)
Special business tax
Tax planning and consulting
To meet, declare and negotiate with The Tax Officer
Accounting
We provide monthly and yearly accounting entry such as Journal, General Ledger and preparing Financial Statement
(according to generally accepted accounting principles and under Thai regulations), including submission of
financial statement to auditor.
In case the company requires monthly report, we are very glade to complete the report as soon as possible
in the following month.
Furthermore our services shall be practiced carefully under the Accounts Act of B.E 2000 authorized by the
Director-General of the Department of Business Development, Ministry of Commerce.
Auditing
We will assign an auditor to verify financial statement according to Generally Accepted Accounting Principle, including
test of accounting transaction and other methods in order to present financial status of your company.
Subsidiary audit required by the consolidated regulation or requirement
Special purpose audit
Our team of experienced auditors and accountants perform both internal and external audit.
We provide special purpose audits in areas of special concern such as acquisition, tax refund and other special cases.
We will provide independent advice and support to clients undertaking merger and acquisitions, refinancing,
restructuring, joint ventures or other forms of strategic business commitment and transactions.
In an acquisition case, we will focus on the business process or operation, contracting and revenue or profit
recognition. In this process, we will be able to determine the risk levels and recommend controls on
how to minimize or avoid these associated risks.
The acquisition of business process normally includes the following sub-processes:
Business Proposal and Budget
Bidding Process and Proposal
Contract Agreement/Acceptance
Revenue/Income Recognition
This document can be used as a general guide to understand and review the process. Organizations
should continuously update and monitor the processes included in this document to ensure that it reflects
business operations. A sample of organization chart is also included to describe your company’s organization
structure. Our team is experienced and will not only find financial discrepancies but also the occurrence of
any financial fraud. After a careful analysis, we can provide guidelines and regulations on how to prevent
fraud in your company.
We have expertise in assisting clients to understand the tax implications on every transaction of the business
and identify clear and accurate solutions to distinguish adverse tax implications or to optimize taxation.
We are also experienced in tax investigations and tax refund claims, concerning value added tax, withholding tax
and permanent establishment tax audits in relation to the Revenue Department. We know how to discover
overpaid taxes, build a case for your refund, compile evidence, and file the necessary documents with the
governing body.
We will audit and develop an audit strategy to match your company operations. We’ll work and handle all
correspondence from the taxing agency, while you operate your business conveniently. During the auditing
process, we will monitor all the necessary documents, present objections and suggest necessary
adjustments. We will look forward for refund and credit opportunities.
Due Diligence
Our specialized team of accountants and auditors will conduct company investigation focusing on
various concerns such as technical, financial, marketing and controls, tax and labor matters before you
engage in an investment such as company merger, acquisition, takeover, privatization or any other business
or financial commitment to avoid absorbing such problems as hidden liabilities and risk exposures
associated with certain commercial transactions.
The purpose of the evaluation is to determine regulatory compliance status; review management policies and
facilities; and identify problems and liabilities including the past business transactions.
Our evaluation team usually focus the review on the following aspects:
Accounting policies
Accounting systems and controls
Assumptions
Audit Reports
Cash receipt, application, and management
Client billing systems
Employee expense reimbursements
Employee payroll
Financial Statements
Information systems
Internal Audit procedures
Inventory ordering, controls, and management
Key operational processes
Liabilities and potential / contingent liabilities
Tax implications of deal structures
The quality and sustainability of earnings and cash flow
The condition and value of assets
You can trust our professional team
Heads of auditing team are tasked with full time duty and are available to answer inquiries from the clients. Our heads of auditing team are:
Mr. Prasert Poothong has long time experience in local and international of audit firms in Thailand. He is a certified public Accountant with register no. 5741 (C.P.A. Thailand).
Mr. Pichit Tanavatavivat is a certified public accountant with register no. 7224 (C.P.A. Thailand).
Thai Auditor Consultant, Ms. Pittaya Washiraleelakul is a certified public accountant registered no. 3946. She visits the office half day a week to assist in complicated cases.
All Audit staffs have accounting degree from university and continue to study by attending seminars by government departments and private organizations, as well as by in-house learning program. Every year audit staffs have to sit in the internal examination as part of their promotion accessment.
Panwa Auditing Company Limited holds the license with Federation of Accounting and Profession under the sector 11 of The Act of Accounting B.E. 2004 for audit company. Our license number is 0105546050917 with current validity period from October 21, 2005 to October 20, 2008.
Our Bangkok address
1560 Ladprao Road, Kwangwangthonglang, Wangthonglang,
Bangkok 10310, Thailand.
Phone: +66-(0)2-933 6121, +66-(0)2-933 6122
Fax: +66-(0)2-933 6120
Email: bkk@panwagroup.com
For more information please go to www.panwagroup.net
Bangkok location map 1 = Morchit sky train station
2 = Chatuchak park underground train station
3 = Phahoyothin underground train station
4 = Ladphrao underground train station
5 = Ratchadaphisek underground train station
