Reliance Consulting, an accredited corporate services agency in Thailand, underlines the impact that payroll accuracy has on a business’s compliance with the kingdom’s payroll regulations — so much so that entrepreneurs are advised to outsource to payroll services to avoid the consequences.

Thailand’s regulatory framework continues to evolve, and payroll laws are not exempt from this. The recent updates to the Labour Protection Act and the Employee Welfare Fund’s postponed implementation have solidified this fact. However, it can be difficult for both local and foreign business owners to know all the relevant payroll rules, much less any changes to them.

Despite the difficulties of staying updated, compliance is still a must. Employers that fail to do so, such as by paying incorrect wages or making improper deductions, can face hefty fines and imprisonment.
Reliance Consulting aims to avert this issue by offering its expertise to businesses looking to outsource their payroll needs and avoid costly mistakes.

Though established in 2010, Reliance Consulting comprises professionals with decades of corporate experience. The team is led by Director Hans Teo Han Siang, an accountant with more than 18 years’ experience assisting and advising local and foreign companies in Singapore, Malaysia, and Thailand. The firm also has seasoned members such as general manager Wijittra Odkaew, who worked with Thai and international companies on matters including accounting and incorporation for over 20 years.

Thanks to the expertise of its team, Reliance Consulting is able to provide comprehensive payroll services to both Thai nationals and foreigners doing business in Thailand. They handle all the processes involved in payroll — from calculating wages, taxes, and social security deductions, creating and distributing payslips, to submitting contributions to government agencies. This approach greatly reduces the risk of payroll mistakes that often arise when employers try to process payroll themselves.

So far, Reliance Consulting has the track record to back up its claims. They have maintained a 100% accuracy rate in payroll processing through all their years of service.

All companies, regardless of size, can struggle with Thai business regulations — including the payroll laws. But by partnering with dependable solutions offered by experts such as Reliance Consulting, they give themselves a stronger foothold to success in Thailand.
About Reliance Consulting
Reliance Consulting Co. Ltd is a corporate service provider established in Singapore and operating a branch office in Thailand. It is recognised by major Thai government agencies, including the Ministry of Finance, Revenue Department, and Board of Investment.

The company began as an accounting firm before expanding to include specialisations such as payroll processing, taxation, incorporation assistance, and secretarial services. They also provide physical and virtual office spaces for businesses in need of a registered address.

Enquiries can be directed to their website at www.relianceconsulting.co.th, via phone at +66 (0) 62 436 5392, and through WhatsApp at +66937824945 (English and Thai speakers) or +65 88382225 (Chinese speakers).