![]() The Federation of Accounting Professions (TFAC) released updated accounting standards in November 2022 called the Thai Financial Reporting Standards for Non-publicly Accountable Entities or TFRS for NPAEs (revised 2022). Update on Thai Financial Reporting Standards for Non-publicly Accountable Entities (TFRS for NPAEs revised 2022) Partnering with a professional service provider specialising in handling accounting records allows you to timely comply with your compliance requirements and enables you to operate your business with ease. Outsourcing your Accounting in Thailand with Reliance Consulting is a smart way to manage your business financial information more efficiently. You, as a business owner, will be more than confident in whatever decision you need to make for your company’s growth, as you have within your reach reliable and updated financial information that you can refer to anytime. With an updated financial information, your business will be able to quickly respond to any issues, without having to second-guess the financial position or sustainability of your company. In addition, keeping your accounting documents accurate helps you manage a more stable business that is ready to face any challenges ahead of time. Reliance Consulting is a Thai accounting firm who prepares Financial Statements in conformity with the Thai Financial Reporting Standards (TFRS) and the Thai tax laws. Keeping your accounting records up to date and compliant with Thai Accounting Regulations reflect a business that is properly and legally managed, as it strictly adheres to Thai business regulations and lessens its risk of being slapped with fines and penalties by local authorities. ![]() Meeting your accounting requirements in an accurate and timely manner is important in running a Thailand business.
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