Understanding DST or Documentary Stamp Tax in Philippine Transactions

You may have encountered the DST when doing certain transactions. According to tax services in Manila, a documentary stamp tax or DST is a tax imposed on instruments, documents, loan…

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A Simple Guide on How to Terminate an Employee in the PH

Terminating an employee is a delicate phase that demands sensitivity from both employers and employees, necessitating a smooth transition for all parties involved. That said, given its sensitivity, expert accounting…

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How to Process Loose Leaf Books of Account of the BIR

In the Philippines, all registered taxpayers in the practice of a profession, doing business, or under self-employment need to comply with the tax law of keeping records of all transactions.…

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Mastering the Art of Calculating Your 13th Month Pay

Have a holly, jolly Christmas! As the holiday season approaches, Filipinos are not only decking the halls and planning festive gatherings but also eagerly anticipating their 13th-month pay. This unique…

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