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
In businesses, change is inevitable. Have you ever felt the need for change in your business? Maybe you have a team providing reliable accounting services
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
Accounting for Restaurants: Financial Controls to Consider
Have you ever thought of starting your own restaurant? Have you tried running one? If you have, you probably know already that it is not
4 Fuss-Free Steps to Business Permit Renewal in the Ph
As the year 2023 comes to a close, businesses not only look back at all the triumphs and tribulations over the last year but also
When Resigned Workers in the PH Can Get Their Final Pay
Any career transition is a big life decision, a leap, and a daunting task. One of the first steps to switching or exiting the corporate
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
Master Strategies for Successful & Efficient Tax Planning
You need to get your finances settled especially now that the calendar year is coming to a close. You will have to deal with your
3 Tax Deductible Expenses with Limitations in the Ph
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
Unlock Tax Savings Potential with Expert Tax Compliance
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
How Accounting Service Providers Can Benefit Your Business
Are you one of the business owners who is trying to focus on your strategies and regulatory requirements to make your business grow even stronger?
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
What You Need to Know About Fringe Benefits Tax
You’re an employee, grinding away at your job, and suddenly, a delightful surprise lands in your lap. No, it’s not a wad of cash, but
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
Professional Tax Receipt (PTR) made easy
If you are a professional in the Philippines, you need to pay taxes yearly so you can practice your profession without any hassles. Tax services
The 8% Income Tax Rate Option: How it Will Affect You
The 8% income tax rate is a new law requiring sole proprietorship and professionals who are PRC registered to pay 8% tax on gross income.
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
Demystifying Bookkeeping Vs. Accounting: The Differences
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,
What are the Basics of Journal Entry in Accounting?
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
What are Purchase Orders For and When Should You Use Them?
People often use purchase orders and invoices interchangeably. But here’s the thing, they’re entirely different documents that each have their own specific purpose. However, expert
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
There are many aspects to running a business. Business owners–even those who run a small business need to be aware of those. One of the
BIR Open Case: What is This and How Do You Settle It
Having a BIR open case in your name sounds ominous. But what is it? According to expert tax services in Manila, an open case is
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
Graduated Income Tax Rate with OSD vs 8% Income Tax Rate
If you are a business owner, one of the tasks you need to accomplish is filing your income tax return. The process of filing may
The Differences Between Ordinary Assets & Capital Assets
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
Compliance Reminders for MSMEs in the PH this New Year
It’s 2023! A new year has come. Do you run a business? If you do, then you are aware that a new year comes with
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