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BANGKOK 21 April 2019 09:09
BestB

Problems with accountant, need some advice

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1 hour ago, scorecard said:

 Could be wrong but I think in Thailand audit must be done, by law, by a separate person / company.

Yup, it was done by someone else and it took much longer than usual. Like 3 months longer than usual 

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3 hours ago, KittenKong said:

I'll take your word for it but I dont see why not. I have known them to get involved with similar issues.

It’s B2B , they only deal with consumer complaints not business to business complaints. Business to business goes through local Amphue office, however once you file a complaint , they sent out notice asking to report 3 times. If no show, they can not enforce it but refer it to court.

 

so basically b2b can take years and truck load of cash before to get resolved.

 

in a case of accountant I was hoping there was some other remedy , similar to lawyers having legal council who can investigate misbehaving 

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20 minutes ago, BestB said:

It’s B2B , they only deal with consumer complaints not business to business complaints. Business to business goes through local Amphue office, however once you file a complaint , they sent out notice asking to report 3 times. If no show, they can not enforce it but refer it to court.

 

so basically b2b can take years and truck load of cash before to get resolved.

 

in a case of accountant I was hoping there was some other remedy , similar to lawyers having legal council who can investigate misbehaving  

Well, you could file a complaint as an individual shareholder, couldn't you? This is what people do who have problems with their condo management company, even though the management company works for the business collective rather than individual co-owners.

 

Otherwise you could try these people: http://www.tfac.or.th/Home/Main

Good luck with that.

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2 hours ago, KittenKong said:

Well, you could file a complaint as an individual shareholder, couldn't you? This is what people do who have problems with their condo management company, even though the management company works for the business collective rather than individual co-owners.

 

Otherwise you could try these people: http://www.tfac.or.th/Home/Main

Good luck with that.

Thank you this is exactly what i was after. Lets see how things develop in the next few days before taking drastic measures

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Yes you need to check everything yourself, that is the lesson here. You literally cannot trust any “professional “ in this country. A friend of mine had several hundred thousand spirited away from his business by the company he used to do his accounts and visa stuff. The company who defrauded him is a pretty well known , farang owned, operation. ( cannot name for obvious reasons). He took them to court and got (some) of his money back, after a couple of years delay, but amazingly the perpetrators are still in operation and promoting their services on a number of expat websites. It all  goes to the point , you really cannot trust anyone (farang or Thai)

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Posted (edited)
3 hours ago, wordchild said:

Yes you need to check everything yourself, that is the lesson here. You literally cannot trust any “professional “ in this country. A friend of mine had several hundred thousand spirited away from his business by the company he used to do his accounts and visa stuff. The company who defrauded him is a pretty well known , farang owned, operation. ( cannot name for obvious reasons). He took them to court and got (some) of his money back, after a couple of years delay, but amazingly the perpetrators are still in operation and promoting their services on a number of expat websites. It all  goes to the point , you really cannot trust anyone (farang or Thai)

In my case I guess I am lucky to have only small amounts but if she did it continuously for 4 years it may add up.

 

problem I have is I do not understand Thai accounting . It’s in the world of its own.

 

mind you I have a certificate in accounting which I obtained back home and did my own monthly accounting there but Thai system is just too confusing for me.

 

my previous accountant was good but often forgot to renew either licenses or work permit and each time instead of an apology I was getting an idiotic laugh , so I changed to current one and she was good right up till about 12 months ago.

 

when I say good, I did not catch any irregularities with taxes, this year just too many 

 

ps. I think I know which company you referring to, have read story like this, possibly the same story. 

Pps. Accountants not paying social security is more common than you think but in my case the amounts are just too little to think she would risk it over few thousand baht.

Edited by BestB

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10 hours ago, wordchild said:

Yes you need to check everything yourself, that is the lesson here. You literally cannot trust any “professional “ in this country.

Indeed. Massive cheating and incompetence everywhere, regardless of skin colour. And most of it goes unpunished and unreported.

 

Always check everything and trust no one.

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To the OP, I think you need a Thai to help you resolve this (an employee or company director, perhaps). Thais are not good problem solvers, and they get worse when farangs are involved. 

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On 3/7/2019 at 11:58 PM, BestB said:

problem I have is I do not understand Thai accounting . It’s in the world of its own.

Proper Thai accountants have no problem doing double-entry bookkeeping, can track your inventory under assets, accrue expenses, etc.

 

But if not instructed in how to keep the books, they may opt for something closer to a single entry system, just tracking the cash flow, as that is how many of the mom & pop stores do accounting.

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1 hour ago, lkn said:

Proper Thai accountants have no problem doing double-entry bookkeeping, can track your inventory under assets, accrue expenses, etc.

 

But if not instructed in how to keep the books, they may opt for something closer to a single entry system, just tracking the cash flow, as that is how many of the mom & pop stores do accounting.

Accounting was not a problem . Not paying social security and/ or taxes is a problem . Bigger problem is providing fake receipts it was paid when it was not. 

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