Signs Your Business Isn’t Audit-Ready in the Philippines
Signs You’re Not Audit-Ready (Even If You Think You Are) Most finance teams assume they’re audit-ready the moment the financial statements are done. Then the external auditor arrives,
Why “Estimated” Expenses and Sales Are a BIR Red Flag
Estimating your sales and expenses to hit a filing deadline feels harmless. It isn’t. The moment your declared figures stop matching what your suppliers, customers, and
Top Documents Auditors Ask For in the Philippines | Avoid Audit Delays
Top Documents Auditors Ask For in the Philippines (And Why Delays Really Happen) Audit delays in the Philippines are rarely caused by complex accounting issues. In most
SEC Paperless Filing for Corporate Amendments (MC No. 21)
Quick Answer: Can Philippine corporations now file amendment applications without hard copies? Yes — SEC MC No. 21, s. 2026 introduces an optional paperless filing lane
BIR RMC 075-2026: ONETT Tax Deadlines Explained (58 chars)
BIR Clarifies ONETT Tax Deadlines and eCAR Filing Rules Under RMC No. 075-2026 Quick Answer: When are ONETT taxes due? Capital Gains Tax and Donor’s Tax are due
SEC Lifts Online Lending Moratorium: 2026 Rules
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VAT Compliance Philippines: Common Errors That Trigger BIR Audits
VAT compliance is one of the most closely audited areas in Philippine tax enforcement — and one of the most frequently mismanaged. Most businesses don’t discover their VAT exposure
BIR Tax Abatement Program for Micro Taxpayers 2026
If you’re a micro business owner who’s been carrying old BIR liabilities, delinquent accounts, unresolved assessments, or an inactive registration you never formally closed; the Bureau of Internal Revenue is giving you a defined, affordable path to resolve them.
How Long Does an External Audit Take in the Philippines? | Audit Services Guide
Quick Answer An external audit in the Philippines typically takes 2 to 6 weeks, depending on the completeness of your financial records, supporting documents, and overall
What Is a Tax Health Check? (And Why Your Business Needs One Before a BIR Audit)
Quick Answer A Tax Health Check is a structured tax compliance review that identifies errors, risks, and gaps in your filings before a Bureau of Internal Revenue (BIR) audit.
Industries Most Likely to Be Audited by the BIR (and How Businesses Can Prepare)
Quick Answer: Which Industries Are Most Likely to Be Audited by the BIR? Industries with high transaction volumes, complex tax structures, or significant VAT activity
4-Day Work Arrangement for Government Agencies Under Memorandum Circular No. 114
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Audit vs Tax Investigation in the Philippines: What’s the Difference?
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Can You Fail a BIR Audit in the Philippines? What Really Happens
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Taxpayers May Refuse Audit Requests Under New BIR Rules
The Bureau of Internal Revenue (BIR) announced that taxpayers may refuse tax audit requests that are outside the scope and limits stated in official audit instruments such
Common BIR Penalties Businesses Don’t Realize They’re Violating
Quick Answer: What Causes Most BIR Penalties? Most BIR penalties in the Philippines result from missed deadlines, incorrect tax filings, payroll withholding errors, and incomplete
BIR LOA Verification in the Philippines (2026 Guide)
Do You Need to Verify a BIR Letter of Authority (LOA) in the Philippines? Yes. All taxpayers, individuals, SMEs, and corporations must verify the authenticity of a BIR
What Happens During a BIR Audit? Step-by-Step Guide for Philippine SMEs
Quick Answer A BIR audit follows a defined process—from the issuance of a Letter of Authority (LOA) to assessment and resolution. Businesses that understand the
2025 Annual Financial Statements (AFS): BIR Rules, Deadlines & Compliance Updates
Do Businesses Need to Change How They Prepare Their 2025 AFS? Yes. While the Financial Statements cover calendar year 2025, how they are reviewed has changed
BIR Tightens Tax Audit Controls as LOA Issuance Remains Under Review
Quick Answer The BIR is currently reviewing its audit procedures and the issuance of Letters of Authority (LOAs). Once audits resume, the system is expected
BIR Watchlist: Industries Targeted for Audit in 2025–2026 | UNA Tax & Accounting Services
Is Your Industry on the BIR Watchlist? Possibly, mainly if your business operates in a high-risk or data-visible industry. As the Bureau of Internal Revenue (BIR) strengthens its use
How the BIR’s Digital Transformation Affects Your Next Audit
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Turning Audit Insights into Business Strategy: Beyond Compliance | UNA Tax & Accounting Services
Are Audits Only for Compliance? Most business owners view audits as something they have to do for the BIR, the SEC, a bank loan, or investor
How to Choose Between Graduated Income Tax vs. 8% Flat Rate in the Philippines (Updated for 2025)
Understanding Your Options Under the TRAIN Law Under the TRAIN Law, you can choose between: 1. Graduated Income Tax (with Optional Standard Deduction or Itemized
5 Common Audit Findings and How to Avoid Them Before They Happen
1. Incomplete or Unsupported Expenses This is one of the most common findings among SMEs. Even legitimate business expenses can be disallowed if supporting documents are missing
Estate Tax Amnesty Extension Until 2028
What Is the Estate Tax Amnesty? The estate tax amnesty allows heirs and beneficiaries to settle unpaid estate taxes at a significantly reduced cost. It removes civil penalties
Who Needs an External Audit in the Philippines? | 2025 Guide to Audited FS Requirements
What Is an External Audit? An external audit is a yearly review of your financial statements by an independent CPA. The goal is to check whether
How to Choose the Right External Auditor for Your Company in the Philippines
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Audit-Ready in 30 Days: Your SME Audit Preparation Checklist (2025 Guide)
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Why Rushed Audits Lead to Errors — and How Early Preparation Protects Your Business (2025 Guide)
The Hidden Cost of Rushed Audits Many businesses only start preparing their financial statements once “audit season” arrives — usually in March or early April.
BIR Suspends Audit Operations After Complaints of LOA Misuse
BIR Orders Immediate Suspension of Audit Operations Under RMC 107-2025 The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 107-2025, directing the
BIR Targets ₱3.1 Trillion Tax Collection for 2025 | Commissioner Mendoza Sets Urgent Directive
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How to Prepare for Annual SEC and BIR Reporting Requirements
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How to Renew Your Business Permit in the Philippines (January 2025 Guide)
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New BIR Commissioner 2025 | Charlito Martin Mendoza Assumes Office
Charlito Martin Mendoza is the New BIR Commissioner: What Taxpayers Should Know Quick Answer: This appointment may influence upcoming BIR policies, enforcement, and compliance priorities
The Real Cost of BIR Non-Compliance: Audit Cases, EOPT Updates, and What SMEs Must Know
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DOF: Proposed 10% VAT Cut Risks ₱330B Revenue Loss and Wider Deficit (2025)
Reducing VAT from 12% to 10% may seem appealing, but the DOF warns it could significantly weaken government revenues, fiscal stability, and fairness. According to
Are You Required to Submit an Audited Financial Statement in the Philippines?
Do You Need to File an Audited Financial Statement in 2025? Quick Answer: If you’re a business owner in the Philippines, your filing obligations depend
Worried About a BIR Audit? 5 Red Flags That Could Trigger One
Worried About a BIR Audit? Here Are 5 Red Flags That Could Trigger One in the Philippines Late filings? Mismatched tax reports? Missing receipts? These
BIR Requirements for CAS and CBA Compliance in 2025
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DOF Weighs General Tax Amnesty Covering Liabilities Since 2007
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BIR RMC 74-2025: New Rules on Registration and Compliance in the Philippines
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How to Close Your Books Properly Before Year-End: Early Preparation Tips
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Top 5 Tax-Saving Strategies Every Philippine Business Should Know
Why Tax Planning Is a Business Essential Running a business in the Philippines means dealing with taxes from VAT to income tax to withholding obligations.
Top 5 Tax Mistakes of E-Commerce Sellers in the Philippines | UNA Tax and Accounting Services
Top 5 Tax Mistakes of E-Commerce Sellers (And How to Avoid Them) Increasingly, Filipinos are starting online businesses selling on platforms like Shopee, Lazada, TikTok
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What Are Tax Incentives and How Can Your Business Benefit?
What Are Tax Incentives and How Can Your Business Benefit? If you’re a business owner in the Philippines whether you’re running a startup, an SME,
BIR Launches VAT Portal for Netflix, Google, and Other Foreign Digital Providers
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BIR Targets ₱1.41B in Ghost Receipt Tax Evasion: 23 Firms Charged
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SC: GIS Alone Doesn’t Prove You’re a Stockholder
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20% Tax on Bank Savings? DOF Clarifies CMEPA Confusion
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SEC Warns Public About Deep Fake Investment Scams
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CMEPA Tax Reform 2025: What Filipino Investors Need to Know
The Capital Market Efficiency Promotion Act (CMEPA)—Republic Act No. 12214—marks a significant shift in how investments are taxed in the Philippines. Signed into law on
Zonal Value vs Fair Market Value in the Philippines: Know the Tax Difference
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House Bill Pushes for Senior and PWD Discount Plus Promo
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Ginhawa Bill Proposes Tax-Free for ₱400K Annual Income for Filipino Workers
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Senators Propose Tax Breaks for Bonuses, MSMEs, and Service Charges
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What to Do When You Receive a Letter of Authority (LOA) from the BIR
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Real Property Tax Amnesty in the Philippines 2025
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Tax Health Check for High-Risk Industries in the Philippines
If you run a business in the Philippines, staying on the BIR’s good side is non-negotiable—especially if you’re in a high-cash, high-transaction, or regulated industry.
BIR Imposes VAT on Non-Resident Digital Platforms Starting June 1, 2025
BIR Now Requires VAT Compliance from Non-Resident Digital Service Providers The Bureau of Internal Revenue (BIR) has officially rolled out the 12% VAT requirement for
BIR Compliance Made Easy with Regular Tax Health Checks
Running a business in the Philippines entails a significant amount of paperwork, and BIR tax compliance is one of the most significant sources of stress
SEC Revokes 56 Lending Firms’ Licenses Over Non-Compliance
Many lending and financing businesses in the Philippines may face stricter enforcement moving forward. The Securities and Exchange Commission (SEC) has canceled the corporate registrations
BIR VAT Registration for Nonresident Digital Service Providers | Full 2025 Compliance Guide
New VAT Rules for Digital Services: What Foreign Providers Must Know If your digital business earns income from customers in the Philippines, the BIR now
BIR 12% VAT on Digital Services in the Philippines | Updated Tax Compliance Guide 2025
How the 12% VAT on Digital Services Affects Your Business in the Philippines If your business relies on tools like Canva, Google Ads, AWS, or
Estate Tax Amnesty in the Philippines 2025
Got unresolved estate taxes or inherited property with paperwork still pending? You’re not alone—and here’s your chance to finally settle it minus the penalties. Thanks
BIR Now Accepts Certified True Copies of Receipts in VAT Refund Claims
We’re sharing a news update from the Bureau of Internal Revenue (BIR) to help businesses stay informed of recent changes in tax procedures. The BIR
How a Tax Health Check Can Help Prevent BIR Audits and LOAs
How a Tax Health Check Helps You Avoid BIR Audits and LOAs Running a business in the Philippines? Then you know that the Bureau of
Tax Planning for Growing Businesses in the Philippines
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DOF Withdraws Proposed Tax Hike on Capital Gains, Donor, and Estate Taxes
The Department of Finance (DOF) has officially withdrawn its proposed measure to increase taxes on capital gains, donor’s, and estate transfers from 6% to 10%.
Top Warning Signs Your Business Needs a Tax Health Check
Top Warning Signs Your Business Needs a Tax Health Check Think your business is tax-compliant? Think again. Many SMEs in the Philippines unknowingly face risks—missed
BIR Maintains 2025 Tax Target of P3.23 Trillion Amid Global Uncertainty
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BIR Eyes P3.23T Collection as More Filipinos File 2024 ITRs Online
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How Are Foreign-Owned Businesses Taxed in the Philippines?
Entering the Philippine market is a strategic move for many international companies, but understanding your tax obligations is non-negotiable. Whether you’re setting up a branch,
Bookkeeping and Tax Compliance Services in the Philippines
Bookkeeping and Tax Compliance in the Philippines: Why They Must Work Together Struggling to beat BIR deadlines? Still sorting receipts at the last minute? Are
Big Cosmetics Firm Faces Tax Case – DOJ Moves Forward with BIR Complaint
The Department of Justice (DOJ) has announced that a major cosmetics company will face tax evasion charges after the Bureau of Internal Revenue (BIR) filed
What is a Tax Health Check & Why Your Business Needs It
What Is a Tax Health Check And Why Your Business Needs It Now Most tax issues don’t start with bad intent—they start with small errors,
BIR Audit Red Flags and How to Avoid Them UNA Tax & Accounting Services
If you’re a business owner in the Philippines, hearing “BIR audit” probably sends a chill down your spine—and for good reason. A tax audit can
Avoid Payroll Tax Compliance Mistakes
Managing payroll taxes in the Philippines isn’t easy. Between changing BIR regulations, government deadlines, and complicated remittances, even small mistakes can lead to penalties, employee
VAT Refund for Foreign Tourists in the Philippines | Accounting Help for Businesses
Foreign tourists visiting the Philippines will soon enjoy a more rewarding shopping experience. Under Republic Act No. 12079, the Philippine government has approved the VAT
BIR Audits Social Media Influencers – Tax Compliance for Content Creators
The Bureau of Internal Revenue (BIR) has formed a special task force to audit social media influencers and content creators for their tax obligations. This
Tax Savings 101: Maximizing Deductions with Expert Advice
Stop Overpaying Taxes! Learn How to Keep More of Your Hard-Earned Money Many business owners in the Philippines pay more taxes than necessary simply because
BIR Encourages Early Filing of Income Tax Returns Before April 15, 2025
The Bureau of Internal Revenue (BIR) is urging taxpayers to file their 2024 Annual Income Tax Returns (AITR) ahead of the April 15, 2025 deadline
DOJ Targets Tax Evasion: Businesses Urged to Strengthen Compliance
The Department of Justice (DOJ) and the Bureau of Internal Revenue (BIR) have intensified their crackdown on tax evasion, targeting companies that manipulate tax records
BIR’s 2025 Tax Compliance Verification Drive – No Penalties, Just Taxpayer Education
The Bureau of Internal Revenue (BIR) launched the Tax Compliance Verification Drive (TCVD) from February 10 to 14, 2025, in line with the Tax Awareness
February is Tax Awareness Month: Strengthening Tax Compliance in the Philippines
What is Tax Awareness Month? Recognizing the importance of taxation in nation-building, President Ferdinand Marcos Jr. has declared February as “Tax Awareness Month” through Proclamation
DOJ Takes Legal Action Against Three Industrial Corporations for Tax Evasion
The Department of Justice (DOJ) has officially filed 20 criminal cases against three industrial firms for alleged tax evasion, citing fraudulent practices aimed at defrauding
BIR Issues RR No. 3-2025: VAT Now Applies to Digital Services
The Bureau of Internal Revenue (BIR) has released BIR RR No. 3-2025, implementing the Value-Added Tax (VAT) on Digital Services Act. This regulation mandates a
BIR Issues RMO No. 2-2025: New Guidelines on Tax Clearance for Government Contracts (TCFGs)
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order (RMO) No. 2-2025, introducing new guidelines for obtaining Tax Clearance for Government Contracts (TCFGs).
BIR Exceeds 2024 Collection Target, Surpassing ₱2.85 Trillion Goal
The Bureau of Internal Revenue (BIR) announced that it went beyond its 2024 collection goal of ₱2.85 trillion. Preliminary data shows the agency collected at
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It’s 2025! A new year has come. Do you run a business? If you do, then you are aware that a new year comes with
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RR No. 6 – 2024
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RR No. 8 – 2024
RR No. 8 – 2024 Ease of Paying Taxes on the classification of taxpayers The Bureau of Internal Revenue issued RR No. 3-2024 to implement
RR No. 5 – 2024
RR No. 5 – 2024 Ease of Paying Taxes on Tax Refunds The Bureau of Internal Revenue issued RR No. 3-2024 Implementing Sections 112(C), 112(D),
RR No. 3 – 2024
RR No. 3 – 2024 Ease of Paying Taxes on the Relevant Provision of Value-Added Tax (VAT) and Percentage Tax The Bureau of Internal Revenue
SEC MC No. 3 series of 2024
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BIR RMC No. 61-2024
RMC No. 61 – 2024: Availability of the Alphalist Data Entry and Validation Module (Version 7.3) and its Updated File Structures and Standard File Naming
BIR RMC No. 60-2024
RMC No. 60 – 2024: Providing Clarifications and Guidance on Section 6 of RR No. 4-2024 on the Repeal of Section 34 (K) of the
BIR RMC No. 55-2024
RMC No. 55 – 2024: Extension of the 90 Day Period for the Actual Imposition of Withholding Tax on Gross Remittances Made by Electronic Marketplace
BIR RMC No. 53-2024
RMC No. 53 – 2024: Circularizing the Availability of the Revised BIR Registration Forms Relative to the Implementation of Republic Act (R.A) No. 11976, otherwise
BIR RMC No. 48-2024
RMC No. 48 – 2024: Prescribing the Policies and Procedures in the Proper Manner of Accomplishing the New Version of the Monthly Documentary Stamp Tax
BIR RMC No. 37-2024
RMC No. 37 – 2024: Availability of TIN Inquiry thru Electronic Email (eMail) The Bureau of Internal Revenue (BIR) issued RMC No. 37-2024 which states
BIR RMC No. 36-2024
RMC No. 36 – 2024: Clarification on the manner of computing the Minimum Corporate Income Tax (MCIT) for Taxable Year 2023 The Bureau of Internal
BIR RMC No. 31-2024
RMC No. 31 – 2024: Clarification on TIN Verification Being Required by Employers from Newly-Hired Employees The Bureau of Internal Revenue released Revenue Memorandum Circular
BIR RMC No. 29-2024
RMC No. 29 – 2024: Extension of the Deadline for the Submission of the Certificate of Compensation Payment/Tax Withheld (BIR Form No. 2316) and Clarifications
BIR RMC No. 10-2024
RMC No. 10 – 2024: Announcing the Availability of Branch Account Registration in Online Registration and Update System (ORUS) The Bureau of Internal Revenue Issued
BIR RMC No. 9-2024
RMC No. 9 – 2024: Surcharge computed in the Filing of an Amended Return in the Electronic Filing and Payment System (eFPS) The Bureau of
BIR RMC No. 14-2024
RMC No. 14 – 2024: Payment of Annual Registration Fee Pursuant to Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act”
Enhancing Fiscal Responsibility: How Regular Tax Health Checks by Accounting Firms in the Philippines Optimize Compliance
Experience the benefits of partnering with an accounting firm in the Philippines for regular tax health checks to ensure compliance, optimize tax strategies, and avoid
Senate Proposes VAT on Foreign Streaming Platforms: What You Need to Know
The Philippine Senate is buzzing with discussions over a proposed measure that could shake up the country’s digital entertainment industry. The focus is now on
A Handy Guide for PH Non-Profit Organizations Registration
In the Philippines, non-stock corporations are those that may be formed for religious, charitable, professional, cultural, fraternal, literary, educational, social, civic service, or other similar
Unlocking the Future: Your Easy Guide to Securing a Digital TIN
Have you heard the good news? The days of waiting in long lines at the Bureau of Internal Revenue (BIR) for your Taxpayer Identification Number
Master Your Year-End Tax Game: An Entrepreneur’s Guide to Compliance
Amidst the hustle and bustle of Christmas preparations, just like Santa finalizing his list, many entrepreneurs find themselves immersed in a year-end hustle. Apart from
Unlocking Opportunities: The First Time Job Seekers Assistance Act
A monumental decision was made in The Philippine Congress to pave the way for a new era of employment opportunities. Republic Act No. 11261, better
Startups in the PH: Efficient Tax Planning Strategies
Do you have your own startup? Or are you planning to launch your own? If you already have one, for sure you know the weight
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
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,
The Big CPA Firm Switch: Towards Greener Accounting Horizons
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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
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4 Fuss-Free Steps to Business Permit Renewal in the Ph
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Mastering the Art of Calculating Your 13th Month Pay
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Master Strategies for Successful & Efficient Tax Planning
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Ordinary business expenses are deductible to the extent of actual payments in the Philippines. These deductibles must be necessary expenditures for the business, trade, or
Mastering Withholding Tax Essentials in the Philippines
Withholding tax is a tax liability collected by the Bureau of Internal Revenue from individuals or businesses who earn income. If you need a guide
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Do you want to maximize tax savings but need help with how to do it? Professional accounting services in the Philippines recommend revisiting your tax
Easy Income Tax Survival Guide for Virtual Assistants
As a diligent virtual assistant, it’s essential to be mindful of your tax obligations. Even if you work remotely or have an overseas employer, it’s
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Navigate the PH Professional Fee Withholding Tax (PFWT)
Are you a professional in the Philippines? If so, you need to understand and know about the PFWT or the Professional Fee Withholding Tax. This
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VAT Philippines: How to Compute VAT Payable
Are you engaged in trade or business? Are you practicing a profession? If you are, you must pay the taxes you are liable for. These
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A Short Guide on Business Tax in the Philippines
Filing your taxes is a crucial thing in running your own business, no matter the size. Tax services in Manila say that even a small
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Bookkeeping and accounting services in the Philippines are two essential components of financial management. Bookkeeping primarily involves the systematic recording and organizing of financial transactions,
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Failure to account for anything even if the business is profitable could equate to failure. Accounting is the systematic recording of the financial transactions of
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Transfer Pricing in the Philippines: A Complete Guide
Transfer pricing is an accounting and tax practice related to the pricing of goods or services between related parties like a parent company and its
The Benefits You Get By Using Cloud for Your Small Business
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BIR Open Case: What is This and How Do You Settle It
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Master Double-Entry Bookkeeping: How-To Guide for Success
Bookkeeping is crucial for all businesses. Accounting services in the Philippines attest that you need to implement a system to track your cash flow, assess
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Are you trying to sell your house in the Philippines? Or are you trying to start a property buy-and-sell business model? If you are doing
Learn More About BIR Form 2303 (Certificate of Registration)
If you are a business owner in the Philippines, you are always required to get a certificate of registration from the BIR or the Bureau
Boosting Entrepreneurial Spirit: Pros No Biz Permit Fees
Are you a professional who is financially struggling to open up and operate your own office or clinic? There’s good news! The Department of Finance
Online and In-Person Guide to the BIR Registration Process
One of the most important tasks every business owner needs to do is to register their business with the BIR or the Bureau of Internal
Your Business Online: Use the BIR NewBizReg Portal
There has been an upsurge of entrepreneurs in the Philippines during the pandemic since Filipinos had to find a way to cope and earn a
SSS Conducts Nationwide RACE for Contribution Compliance
The Social Security System (SSS) recently launched simultaneous Run After Contribution Evaders (RACE) operations in 108 locations across the Philippines. These operations aim to encourage
Learn the Specific Nuance of VAT and Income Tax
If you’re a businessman, it’s critical to understand the various taxes that the government can impose on your operations. Apart from an annual income tax,
Grow Your Business By Choosing a Good Accounting Firm
Small businesses make up the vast majority of currently operating private businesses. They are important because they contribute significantly to the creation of jobs in
What’s the Diff: Accounting v.s. Auditing
Two important processes that deal with an organization’s financial transactions and records are accounting and auditing. According to accounting services in the Philippines, both have
Clarifying Concerns on Final Pay After Resignation
Money owed to an employee whose employment has ended is known as the final pay. In addition to any accrued entitlements like annual leave and,
5 Best Tools to Help You Track Business Expenses in 2023
As a business owner, there are many things you need to take care of. Part of running a business includes regularly keeping track of all
5 Things to Know About 105-Day Expanded Maternity Leave Law
Many studies and surveys conducted in the recent years revealed that one of the major factors hindering exclusive breastfeeding in the first 6 months was
Learn About Foreign Ownership of Corporations in the PH
A lot of foreigners are looking to invest in the Philippines because of the country’s strategic location. And it also helps that most Filipinos can
Amplify Your Company’s Financial Position Effectively
Every business owner must prioritize a good financial position as it affects the company’s sustainability. The financial position of your company is determined by many
E-invoicing in the PH: All There is to Know
Technology is evolving rapidly. The paper invoicing system is becoming a relic of the past. On July 2022, 7.4 million electronic invoices are already in
Determine who’s fit for you: An accountant or a bookkeeper?
One of the things you need to monitor when you own a business is your financial situation. It plays a major role in determining your
Learn How to Properly File Your Income Tax Return in the PH
In the Philippines, individuals and businesses must submit their tax returns by April 15 of each year. Remember, there are different ways to get this
Why Every business Needs a Bookkeeper to Survive
Many business owners want to maximize their profits by cutting down on their expenses. Most of them often come up with a decision to do
Beware Small Businesses: 2 Common Bookkeeping Errors
Every business owner, no matter how big or small, needs to perform correct bookkeeping. Unfortunately, even the smallest mistakes in bookkeeping or calculations can result
Why Bookkeeping Should Be Prioritized by All Businesses
If you want to ensure that your financial records are accurate, bookkeeping is the key. In addition to the fact that the law requires you
10 Errors Most People Make When Filing Their BIR Tax Returns
Many people find it difficult to manage their taxes. It is important and compulsory for a taxpayer to file an income tax return (ITR) to
Business Owners Beware: What is a BIR Audit
The tax system of the Philippines is founded on discretionary deference. This means that it is up to the taxpayer to decide which taxes to
The Adverse Consequences of Evading Taxes in the Ph
As a business owner, you have other responsibilities apart from running your business. You have to be responsible for your tax dues because this is
Common Errors on BIR Tax Returns and Financial Statements
The tax return system can be hard to understand, especially for those who are unfamiliar with the finer points of the mandates of the law.
Renew Your Business Permit This 2023 Without a Hitch
Happy New Year! Since it’s the start of 2023, business owners must comply with government mandated requirements to get them all set up and legally
Enhanced BIR Chatbot for RDO Inquires & Other Concerns
Last June 2021, the Bureau of Internal Revenue (BIR) launched an innovative 24/7 chatbot application called REVIE. This secure platform was designed to provide taxpayers
A General Guide to the Philippine Tax Clearance Process
In the Philippines, an official document known as a Tax Clearance is issued by the Bureau of Internal Revenue (BIR). The submission of a Tax
Why is it your social obligation to pay tax dues
Taxes are required contributions that businesses and individuals with income must pay to the Bureau of Internal Revenue (BIR). The BIR serves as the Philippine
How to Efficiently Prepare for PH Audit Season
Businesses and professional auditors alike are bustling during the audit season. Even long-term organizations and veteran auditors may be put off by the sheer volume
Christmas bonus: A rewarding guide to employee bonuses
Since the Ber months rolled in, Pinoys have anticipated that Christmas is fast approaching. It is the holiday that everyone looks forward to because it plays a big part in our culture. The Christmas season is associated with the sweet sound of classic Christmas songs, the sight of children caroling, the colorful parols, the family reunions, the good-smelling Noche Buena, and most importantly, the Christmas holiday bonus that many Filipinos await.
Lower Your Taxes: 10 Deductible Expenses in the Philippines
The goal of every business is to maximize resources to gain profits while minimizing expenses. That said, tax expenses are one kind of expense that
Biz Hack: How to Compute for the 13th Month Pay
The Christmas season is the time when everyone looks forward to giving and receiving gifts, attending parties or family reunions, and preparing food for Noche Buena. Another thing that many Filipinos are looking forward to, especially the employees, is their 13th month pay. This is typically given to private sector employees at the end of the year.
Making a Graceful Exit and Switching to a Different CPA Firm
Many people worry about changing their professional service providers, like their CPAs. Even if they think that their CPAs are lacking in providing quality service,
5 Important Hacks for Start-Ups After Business Registration
Do you already have a DTI or SEC Certificate, BIR Certificate of Registration (COR), Local Government Permits, “Ask for Receipt” Signage, stamped books of accounts,
FAQs: Top 5 Queries on Books of Accounts
Businesses of all sizes need to know the present condition of their finances. In doing so, business owners can allocate and maximize resources according to
Sole Proprietorship vs. One-Person Corporation
Starting your own business is definitely not an easy process. There are many things you need to consider and many complex decisions to make. One
Are You Required to Submit an Audited Financial Statement?
At the beginning of every year, most Philippine companies are required to prepare the Audited Financial Statement. This is also known as an AFS and
Step-By-Step Process of Changing Your Business Address
Choosing the place or location of your business is one of the many decisions you have to decide on as a business owner. Usually, the
The Breakeven Analysis & Applying It to Your Business
Entrepreneurs must know how to do breakeven analysis as it guides their decisions. They can also seek help from accounting services in Pasig, Metro Manila.
Avoid an Audit Nightmare & Know How to Respond If It Happens
Avoid getting audited by being compliant and paying your taxes diligently. Many tax and audit services in the Philippines can attest that getting audited by the BIR
7 Compelling Reasons You Must Register with the BIR
Register your business with the BIR with the help of accounting services in Pasig, Metro Manila to run your business legally and avoid harsh penalties.
Make Time to Read & Understand Your Company’s P&L Statement
One of the many financial tools that you can use to manage your business is the profit and loss statement or P&L. It gives you
Business Owners Must Know These 10 Critical Ratios
Owning a business requires you to juggle many responsibilities. One of the most important tasks that you must take note of is your financial health
Important Details on Retirement Benefits Tax Exemptions
There are inevitable events that take place in life such as death and taxes. There’s no escaping them. Another one that falls into this category
Tax Filing Calendar Dates American Expats Must Remember
American expats in the PH must remember important IRS tax filing dates. Seek tax services in Pasig, Metro Manila to maximize deductibles and assure compliance.
Donor’s Tax: Obligations Involved When Giving up Inheritance
Passing on generational wealth is subject to corresponding taxes, called donor’s tax. According to tax services in Manila, this is levied by the BIR on
Implement Restaurant Inventory Management Best Practices
Inventory consists of the available raw materials used for producing goods and the available goods for sale. It helps know how much goods or stock
Various Payment Methods for Paying Taxes in the PH
Are you looking for a convenient way to settle your tax payments to the Bureau of Internal Revenue or BIR? Tax services in manila share
How to Conduct Remote Business Registration in the PH
Take advantage of remote business registration with the help of tax and accounting services in Pasig, Metro Manila to make sure you have the right documents.
4 Crucial Factors Why Accounting is Business Language
Accounting is the language of business. Don’t lag and stay on par with your competitors in the business world with expert accounting services in Pasig.
When Is the Right Time to Outsource Your Accounting?
How do you know if it’s the right time to outsource accounting services? Business owners must answer this question as failure to outsource can be detrimental.
Setting Up a Lending Company in the PH? Here’s What You Need
There is a growing number of lending and financing companies in the Philippines. This growing sector is a big help in providing start-ups and SMEs
Consequences You Must Face with Tax Evasion
There are people who look for ways to save money to preserve more of there income. Unfortunately, some do it the wrong way. If you
Attention: PH Citizens with a Foreign Source Income
Are you working with foreign clients but with Filipino citizenship and residence? Do you have foreign income yet considered a domestic owned corporation domiciled in
Foreign Corporations Must Comply With These PH Requirements
The Philippines is a great place to open a business, especially in key cities, like Manila, Davao, and Cebu, which are hubs for business centers
BMBE (Barangay Micro-Business Enterprise) Registration Process
If you’re a small business, consider getting BMBE Certification through the help of a tax services firm in Pasig, Metro Manila so you can avail of incentives.
How to Verify a Lost or Forgotten TIN
Tax & accounting services in Pasig, Metro Manila say you can recover or authenticate your TIN using several methods. You are only assigned one TIN for life.
To Register as an Independent Professional or a Sole Proprietor?
Instead of having a regular office job, many individuals have discovered the option to practice freelancing. It has become a viable option for people because
Differentiating Tax Evasion & Tax Avoidance
When running a business, every peso, every centavo counts. Good financial management and accounting practices are essential to running a successful business. That said, all
Taxes You Could Face When a Loved One Dies
One of the things the wealthy people in the Philippines still consider is estate planning. Since they have a lot of assets to disburse among
What to Expect: 8% Income Tax Rate on Gross Sales/Receipts
One of the most intriguing provisions of Train Law since its effectivity in 2018 is the 8% income tax rate on gross sales/receipts. This is
5 Considerations Before Business Registration with the BIR
If you don’t know what to prepare in launching a business, get expert tax services and accounting services in Pasig, Metro Manila to register with the BIR.
Requirements for Application of Work Permits in the PH
Work with expert tax and accounting services in Pasig Metro Manila to secure the correct work permits in the PH as there are various kinds and steps involved.
6 Key Considerations to Ponder on When Starting a Business
There are things to consider when starting a business from learning tax laws to choosing the business structure. Seek expert accounting services for guidance.
Which Business Structure to Implement?
Determining what business structure to implement is crucial to your success. Seek expert advice from tax services & accounting services in Pasig, Metro Manila.
Why Poor Accounting Can Lead to Startup failure
Running a business will and never be easy, especially those who are new and struggling to gain a foothold in their niche. One of the
What You Need to Know Regarding BIR Form 2316
As a business expense, payroll must be well documented with BIR Form 2316. Get expert tax services from Pasig, Metro Manila to ascertain business compliance.
What is the BIR Form 2307?
Whether you’re a business owner, project-based employee, or freelancer, one of the many BIR Forms you will encounter in is the BIR Form 2307. It
Financial Controls to Consider in Accounting for Restaurants
Many people dream of having their own business in the food industry. You are not alone if you often visualize yourself owning a restaurant or
The Importance of Accounting in Your Manufacturing Biz
Get expert accounting services in Pasig, Metro Manila to monitor your operations and inventory so you can ensure your manufacturing business stays profitable.
Learn How to Register a Representative Office in the PH
There are foreign corporations who might be interested to test out their potential in the Philippine market but are afraid to take the gamble in
How to Register an RHQ in the Philippines (2022)
Learn how to set up an RHQ in the Philippines with expert tax services and accounting services from a reputable firm in Pasig, Metro Manila.
Registering an ROHQ in the PHILIPPINES 2022? Here’s How
Learn how to correctly register an ROHQ or regional operating headquarters in the PH with tax services help from a reputable firm in Pasig, Metro Manila.
Tax Mapping and What You Need to Know to Stay Compliant
When you run a business in the Philippines, the law requires that you be fully compliant with the current tax laws not just during tax
De minimis benefits and a New 90,000 Ceiling Amount
If you work as an employee in the Philippines, you will be happy to know that are accorded de minimis benefits. These are a few
How to Find Out Your BIR RDO Code
Are you looking for your RDO Code? This acronym equates to Revenue District Office and the code stands for a specific location. The RDO is
5 Helpful Hacks to Increase Revenues for Your Small Biz
With the help of accounting services in Pasig, Metro Manila you can find ways to increase your company’s revenues & reduce costly errors to keep more income.
How to Register Yourself as a Professional with the BIR 2022
Are you someone who earns income by rendering professional services? Then you are a self-employed individual. You do not belong to the bracket of employees
How to Set Up Your Own Corporation 2022
Are you interested in starting your business venture with a group of people? Do you want to turn your sole proprietorship into a corporation? According
How is Separation Pay Taxed?
Since the COVID-19 pandemic struck, many businesses all over the world were deeply affected and the Philippines is one of them. Some businesses struggled and
Steps in Registering as a Sole Proprietor in the Philippines
Do you have a business idea in mind? If you want to go into business but don’t know how and where to start, you’re in
2022 BIR Registration and Tax Compliance for Online Businesses
Are you an online seller in need of tax services in Pasig, Metro Manila? We can help you with BIR Registration and tax compliance to prevent complex issues.
Self-help for the Self-employed: Tax Deductions & Benefits
Being self-employed in the Philippines has its numerous benefits. For one thing, you own your time and can manage and tailor your schedule to your
Reminder: Common Taxes Business Owners Ought to File
As a business owner, part of your job is to think of the taxes you are mandated by law to pay. There are consequences for
The Penalties for Failing to Pay Correct Taxes in the PH
The tax system here in the Philippines is based on “voluntary compliance.” Professional tax and accounting services in the Philippines advice not to misinterpret this
The Accounting Equation and Why You Must Know It
Many business owners detest bookkeeping and managing their balance sheets. And that’s alright because not every individual is fond of math. If you happen to
Are You a Freelancer? Here’s Why You Need an Accountant
A freelancer must hire accounting & tax services in Pasig, Metro Manila for financial advice & management consultancy.
BIR Certificate of Registration For Mixed Income Earners
Do you have multiple streams of income? File your taxes correctly and register with the BIR. Get expert tax services from our firm in Pasig, Metro Manila.
EFPS: How to Carry Out Payments
Need tax services like EFPS payment guidance in Pasig, Metro Manila? Keep on reading for detailed steps and to see how our team can help you pay your dues.
Online Tax Filing: How to Use eBIRForms
There are many ways to file your taxes. You may do so the traditional way and visit the Revenue District Office (RDO) to where you
Why Most Entrepreneurs Hate Accounting
Entrepreneurs hate accounting because they don’t like math. Luckily, you can rely on our accounting services firm in Pasig, Metro Manila to stay empowered.
The BIR eFPS Steps for Enrollment and Requirements
Our accounting services and tax services in Pasig, Metro Manila can help you set up your BIR e-FPS so you can pay dues and file returns without leaving home.
To Hire In-House or Outsourced Accountants?
Deciding if you need in-house or outsourced accounting services in Pasig, Metro Manila. Keep reading for the pros & cons because we’ve got you covered.
The Importance of Official Receipts in the PH
Are you a business owner, providing services or receiving services in the Philippines? Then you must stay tax compliant by staying on top of your
Stay Abreast of Common Accounting Mistakes in the Philippines
Accounting plays a vital role in your business, serving as an essential tool for recording every financial transaction. In turn, this helps you make decisions
Accountaholicsph
Here are 10 factors you need to consider on whether to outsource business processes. Perform a situational analysis to make a sound decision you won’t regret.
October 26, 2021
Accountaholicsph
June 7, 2021
Accountaholicsph
These top 4 Reasons to Outsource your Accounting.
April 15, 2021
Accountaholicsph
Read on below to see how accountants are the hidden heroes of every business and how availing of their services can save your butt during tax season.
March 30, 2021
Accountaholicsph
For starters, accounting is the recording of all financial transactions of an individual or a business and translating these transactions into Financial Statements that will guide a firm’s decision-making.
February 23, 2021