Employee Benefit Calculation (TAS 19) Service

We ensure that your company is fully compliant with Thai Accounting Standard 19 (TAS 19) and any related regulations, safeguarding you against legal and financial risks. TAS 19 outlines the requirements for recognizing, measuring, and disclosing employee benefit obligations, including pensions, post-employment benefits, and other long-term benefits. Our team closely monitors and applies the latest updates to the standard, ensuring that all liabilities related to employee benefits are reported in accordance with regulatory guidelines. By partnering with us, you reduce the risk of non-compliance, which can result in financial penalties or inaccurate financial statements that could impact stakeholders' trust and decisions.

Properly recognizing and accounting for employee benefit obligations such as post-employment benefits (pensions, retirement benefits) and other long-term benefits (long-service awards, long-term sick leave) is crucial for your company’s financial accuracy. We help ensure that these liabilities are calculated using appropriate actuarial methods and assumptions, so they are reflected accurately in your financial statements. By addressing these liabilities correctly, we not only comply with TAS 19 but also ensure that expenses are recorded appropriately over time, avoiding any sudden surprises that could negatively affect your profit and loss accounts or balance sheet. Our service helps provide an accurate picture of your company’s financial obligations related to employee benefits, making it easier to plan for future expenses.

Every business has unique employee benefit plans and requirements. That’s why we offer tailored solutions based on your company’s size, sector, and specific employee benefit schemes. Whether your company offers a simple pension plan or complex post-employment benefits across multiple jurisdictions, we ensure the calculations meet your needs while complying with the requirements of TAS 19. Our team takes the time to understand the details of your benefits structure to ensure that all obligations are fully recognized and properly reported, offering you the most accurate and effective calculations. By customizing our approach, we provide you with a solution that is directly aligned with your business and its goals.

Our approach emphasizes clarity and accuracy in all of our reports. We provide clear, detailed reports that break down the calculations and disclosures related to employee benefits. These reports are designed to make your financial statements easy to understand for both internal stakeholders and external auditors, ensuring compliance with TAS 19 and other relevant regulations. We also prioritize timeliness; we ensure that reports are delivered within your deadlines, giving you ample time to prepare for year-end reporting, audits, and any required disclosures. By having well-prepared, transparent reports, you can rest assured that your financial statements will be free from errors or ambiguities, helping you build confidence with investors, regulators, and your management team.