Case Study: From Back-Office Worries to Business Growth: A Strategic Accounting Partnership Client: A dynamic, service-based SME (Small and Medium-sized Enterprise) in Phuket’s thriving tourism sector. Industry: Services / Tourism Services: Full-Cycle Accounting, Tax Compliance, Social Security Filing

Client:

Real Estate Company

Website:

Date:

May 15, 2024

Category:

Accounting

Accounting Service
01. Сhallenge

The client, a rapidly expanding local business, was facing a common challenge for successful entrepreneurs: their back-office administration could not keep up with their growth. The Founder was spending too much valuable time overseeing financial tasks instead of focusing on client service, innovation, and strategy. 

They felt a persistent anxiety about compliance, unsure if their tax and social security filings were being handled correctly and on time, and they lacked clear, tangible proof of submissions. This administrative burden was becoming a bottleneck, creating risk and distracting them from what they do best—growing their business.

02. Solutions

Siri Audit was brought in to provide a complete, transparent, and reliable back-office solution. Our approach was designed to eliminate the client’s worries entirely.

  1. Meticulous Financial Statement Preparation: Our team took full ownership of the client’s accounting function. We ensured that their financial statements were prepared in strict accordance with Non-Publicly Accountable Entities (NPAEs) and Thai Financial Reporting Standards (TFRS). Every transaction was recorded with precision, providing management with an accurate financial picture to make informed decisions.

  2. Integrated Tax & Government Compliance: We seamlessly integrated tax planning and compliance into the accounting cycle. All financial reports were structured to meet the specific requirements of government agencies, including the Department of Business Development (DBD) and the Revenue Department (RD). This proactive approach ensures that the client is always compliant and minimizes any risk of future tax issues.

  3. The ‘Proof of Filing’ Transparency Protocol: To build absolute trust, we implemented a key deliverable for the client. For every single tax (P.P.30, P.N.D. 1, 3, 53) and Social Security (SSO) submission made on their behalf, the client received a ‘Proof of Filing Package’. This package included a copy of the official submission form and the corresponding payment receipt, providing clear, undeniable evidence that all government obligations had been fulfilled completely and on time.
03. Results

By partnering with Siri Audit, the client transformed their back-office from a source of stress into a streamlined, reliable asset.

“We are so relieved. With Siri Audit, we no longer have to worry about the back-office. We can now dedicate all our time to business strategy with 100% confidence that they are handling everything perfectly for us. Their transparency and reliability are unmatched.”

– Managing Director, [Client Real Estate Company]

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