Knowledge & articles | Prompt Plus

DTA&DTL Understanding Deferred Tax — why companies need to recognize Deferred Tax Assets (DTA) and Deferred Tax Liabilities (DTL) even though no actual tax payment or refund has occurred yet?
Do You Really Have to Give 30 Days’ Notice When Resigning? Can You Start a New Job Before That? What Thai Law Says — for Both Employees and Employers — Thai law doesn’t actually say “30 days” — it uses “one pay period,” and counting it wrong could mean waiting almost two months! This article covers what both employees and employers need to know, from starting a new job early to whether an employer can deduct wages or make you leave before your notice ends. Read it before you hand in your resignation, so you can leave on good terms and avoid legal trouble.
Loans to Directors: The Tax Impact That's Often Overlooked — Even when no interest is charged, the Revenue Department has the authority to assess interest at market rates. Here are the tax obligations tied to loans to directors that are often overlooked.
Director's Salary vs. Dividends: Which Saves More Tax? — A comparison of the tax burden between a director's salary and dividends, including how to calculate the dividend tax credit, with worked examples to make it clear.
Registered at one address but operating from another — do you need to register a branch? — When your registered address doesn't match where you actually do business, which agencies do you need to notify, in what order, and what obligations come with using rented space?
Incoterms and Tax: A Commonly Misunderstood Point — Accounting and corporate income tax recognize revenue on the same delivery date under Incoterms, but VAT is based on an entirely different point. Here's the difference, explained with examples.
The Risks of Running a POS Machine Without Registering It with the Revenue Department — VAT-registered restaurants that use a POS machine to issue tax invoices must first get approval from the Revenue Department. Using one without registering it can be a legal offence and undermine the reliability of your accounting records.
What Must a Valid Tax Invoice Include? — A tax invoice that's missing required details may not be usable to claim an input tax credit. Here's what a full-format tax invoice must include, and whether a signature is actually required.
My company only has daily-wage staff — do I still need to register them for social security? — Many people mistakenly believe daily-wage employees don't need social security. In reality it depends on whether the work is regular or occasional — here's how to tell the difference, with examples.
Signboard tax: what size triggers it, where to file, and which sign design costs least — Almost every storefront sign is taxable — even a sign that's pure image with no text at all. Here's how to calculate signboard tax, where to file, and which sign design saves the most money.
What is depreciation, and why doesn't book profit match the cash in your account? — Depreciation is the key to understanding why your profit and loss statement and your bank balance don't line up. Here's how to calculate it, the methods allowed under accounting standards, and a clear worked example.
Private Limited Company vs. Limited Partnership: What's the Difference? — Compare registered capital, fees, and liability for debts between the two business structures, with a clear worked example to help you decide before registering.