Balance sheet/annual company accounts

[barrys]

Could any of you small businesses out there please tell me how much you're currently being charged for the drawing up and signing off of a company's annual accounts - got a feeling someone wants to overcharge us

[Terry]

Barry, I've sent you a pm

[johnnyk]

I have a 1 million baht company and have been paying about 14,000. Some people apparently are getting it done for 10-11,000.

[bapak]

You will need to verify what I say, but a while back I was told that companies with income below Baht 2 million do not need an accountant to sign off the Balance Sheet.

[Winkie]

I'm guessing the 1 Million Baht Company is the registered Capital, not the Income

[buksida]

You will need to verify what I say, but a while back I was told that companies with income below Baht 2 million do not need an accountant to sign off the Balance Sheet.

Can you elaborate on this please?

[bapak]

I will be seeing the original source on the weekend and will get clarification.

[Terry]

I'm guessing the 1 Million Baht Company is the registered Capital, not the Income

I think that you are correct Winkie

Hua Hin Fishing Lodge Co., Ltd. is a 2 Million Baht registered capital Company

We most certainly do not make 2 Million Baht / year - If we did I would not be here in Hanoi!

We produce annual accounts signed off by an accountant - if we don't - I don't get my work permit

[johnnyk]

I'm guessing the 1 Million Baht Company is the registered Capital, not the Income

Yes. People commonly refer to their companies in that way. My balance sheet is quite straightforward because I have no employees.

[bapak]

You will need to verify what I say, but a while back I was told that companies with income below Baht 2 million do not need an accountant to sign off the Balance Sheet.

Apologies HHF members. I was totally misinformed (not an unusual thing).