If you own a business in Thailand, there is one service you can’t do without, which is accounting. Accounting, just like human resources (HR), plays a vital role in most businesses. Therefore, hiring an accounting firm can help your business grow and expand, even when your business is still small. In other words, if you want your business to become successful, you can’t ignore the importance of accounting firms.
Accounting firms help you handle critical financial tasks, such as calculating your withholding TAX and VAT and completing your financial statements. In addition, they also ensure that you comply with Thai law. Therefore, it’s only natural that you want the best accountant, someone you can trust, to do these tasks.
When talking about the best accounting companies, the first names that usually come to mind are the Big 4 – PwC, Ernst & Young, Deloitte, and KPMG. On the other hand, there are also numerous other main players in Thailand’s accountancy field. Accounting companies are always in tough competition among themselves, so it can be hard to choose the best one. However, we have narrowed it down to the top 5 accounting companies in Thailand.
5 Best Accounting Firms in Thailand
Best of Thailand’s accounting firms, listed below.
1. HLB Thailand
Previously known as BDO Thailand, HLB Thailand is one of the most reputable accounting firms in Thailand. It is an HLB International member, which is a global network of independent advisory and accounting firms. HLB International has hundreds of offices across 160 countries. In 2020, HLB International won ‘Network of the Year’ at the 2020 Digital Accountancy Awards. This award certainly drives up their reputation among those in needs of accounting services.
HLB Thailand expertise in audit and assurance, transfer pricing, and outsourcing. Their client base covers a wide variety of industries, such as telecommunications, manufacturing, constructions, and hospitality. Furthermore, they also offer service to real estate, healthcare, and not-for-profit industries. The firm is led by Co-Managing Partners Andrew Jackomos and Paul Ashburn. The firm’s tax services in Thailand provide a combination of local attention and global capabilities. Furthermore, they also provide financial audit and risk assurance service.
Main Areas of Service: Advisory, Audit and Assurance, Tax.
Locations: Bangkok and Phuket.
BANGKOK: 14th Floor, CTI Tower 191/70-73 New Ratchadapisek Road Klongtoey, Bangkok 10110, Thailand.
PHUKET: 20/90 Moo 2, Thepkasattri Road T. Koh kaew, A. Muang, Phuket 83000, Thailand.
Contact Info: email@example.com
BANGKOK: +66 (0)2 260 7290
PHUKET: +66 (0)2 260 7297
2. PKF Thailand
PKF Thailand is a member of PKF International’s global family of legally independent firms with over 400 offices in 125 countries. Therefore, the firm is known to provide global solutions to its clients.
As one of the oldest accounting companies in Thailand, PKF Thailand has built its strong reputation for years. Today, it has successfully established itself among the leading accounting firms of choice for both international and local clients. This accounting firm is licensed by Thailand’s SEC (Securities and Exchange Commission) to perform audits on public listed companies. PKF Thailand presents highly qualified international and local professionals, so they can help bridge the gap between international business and the Kingdom.
Headquartered in Bangkok, PKF Thailand has active branches on the Eastern Seaboard in Phuket, Hua Hin, Sri Racha, Pattaya, and U Tapao. Therefore, they can offer services to businesses around Thailand.
Main Areas of Service: Advisory, Audit and Assurance, Corporate Finance, Business Solutions, Tax, and Transaction Services.
Locations: Bangkok and Eastern Seabord.
BANGKOK: 28th Fl., Sathorn Square Office Tower, 98 North Sathorn Road, Silom, Bangrak, Bangkok 10500, Thailand.
EASTERN SEABOARD: 63/14-15 M.10, South Pattaya Road, Nongprue, Banglamung,
Chonburi 20150, Thailand.
BANGKOK: firstname.lastname@example.org / +66 2 108 1591
EASTERN SEABOARD: email@example.com / +66 38 195 252
HUMANICA is a business solutions provider in Thailand. They are pioneers in the HR and ERP industry in Thailand. However, they also offer finance and accounting services in the country. Their finance and accounting services are designed for companies who need to outsource tiresome office tasks. Moreover, they have provided accounting service and system advisor for SME businesses in various industries for over a decade. Their clients range from manufacturer and construction to trading, e-commerce, and services.
Located in Pathum Wan, Bangkok, HUMANICA is part of the Human Resources Consulting Services Industry. They provide accounting, finance, and taxation services. Their taxation services include value-added tax, withholding tax, and corporate income tax.
Main Areas of Service: Accounting, finance, and taxation.
Locations: 2 Soi Rongmuang 5, Rongmuang Rd., Rongmuang, Pathumwan, Bangkok, Thailand 10330.
Contact Info: firstname.lastname@example.org / +66 2 636 6999
Mazars is a French accounting, audit, and consulting group. This accounting firm set its foot in the Thai market for the first time in 2008. However, they are quick to establish a reputation of being one of the top accounting firms in the Kingdom.
Mazars boasts a multinational team, with its consultants consisting of Thai, British, German, Dutch, Indian, Korean, Japanese, and Australian nationals. As a result, they are among the leading companies in the country that provide accounting services globally. In addition to their accounting services, they also offer legal and consulting services for businesses across Thailand. Mazars is committed to helping their clients succeed. They understand and respect your business, so they will adapt their approach accordingly.
Main Areas of Service: Audit and assurance, financial advisory, tax, outsourcing, and international services.
Locations: Empire Tower, Tower 2, 12th Floor, South Sathorn Road, Bangkok 10120, Thailand.
Contact Info: +66 2 670 1100
5. M&E (Thailand)
M&E (Thailand) Co., Ltd. is a German-Thai organization. It is a well-established accounting firm offering comprehensive services to a wide range of industries, such as manufacturing, IT, food and beverage, and payment gateway. As a result of their personal and individualized service, their client can focus on their business growth instead of dealing with the accounting department.
In addition to its excellent accounting service, M&E (Thailand) also provides company registration service and financial consultation. Thus, they can be considered as a one-stop solution for your business needs.
Main Areas of Service: Bookkeeping, taxation, and financial reports.
Locations: 159/40 Sermmit Tower 26th Floor, Room No. 2608 Sukhumvit Road (Asoke), Klongtoey Nua Wattana, Bangkok 10110, Thailand.
Contact Info: email@example.com / +66 2 0461200
Being a lucrative market for businesses and foreign investments, it comes as no surprise Thailand is seeing the rise in accounting firms competition. With the number of businesses in needs of accounting services, the competition for accounting firms in the country seems to never end.
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