Monday, August 10, 2020

KPMG offers tips on how businesses can survive Covid-19 crisis

Jul 03. 2020
Sasithorn Pongadisak, left, and Auaychai Sukawong
Sasithorn Pongadisak, left, and Auaychai Sukawong
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By THE NATION

KPMG, a professional services network, has launched a series of tips to help private enterprises in Thailand navigate the current climate and grow their business.

The tips are provided by KPMG Thailand’s experts, including Sasithorn Pongadisak, chief of private enterprises, advisory partner Surayos Chuepanich and tax partner Auaychai Sukawong.

The experts also provide tips on how family businesses and entrepreneurs pursuing mergers and acquisitions (M&A) or other investment deals minimise their risks.

They say businesses considering M&A must understand the process from start to finish so they know how to manage each step, from pre-deal, deal transaction to post-deal. They also need to have a clear idea of M&A objectives as well as an understand of the other party. Due diligence should also be conducted in terms of financial metrics, tax, as well as legal and operational steps.

Determining a purchase price is also one of the most important decisions to be made. Making the right preparations for M&A will also result in effective tax planning.

Since there were many changes in tax law over the past few years, entrepreneurs need to understand the principles underlying these changes.

KPMG is also planning to provide tips on managing human resources, system and processes to improve business.

Visit https://home.kpmg/th/ for more details.

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