The Hidden Cost of Rushed Audits Many businesses only start preparing their financial statements once “audit season” arrives — usually in March or early April. By then, accountants are racing…
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 immediate suspension of all audit…
BIR Sets ₱3.1 Trillion Collection Target for 2025 Under Commissioner Mendoza Quick Answer: Yes, the BIR aims to collect at least ₱3.1 trillion in 2025, with Commissioner Charlito Mendoza directing all…
PICPA Strengthens Anti-Corruption Efforts Amid Flood Control Controversy Quick Answer: Yes, PICPA is actively coordinating with the government to address alleged anomalies involving fraudulent financial statements in flood control projects. This…
Why Annual Reporting Matters Every year, the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) require businesses to submit financial statements, tax returns, and annual information…
Quick Answer: Do You Need to Renew Your Business Permit in 2025? Yes. All registered businesses in the Philippines — whether sole proprietorship, partnership, or corporation — must renew their…
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 for businesses and taxpayers. President…
Quick Answer: What Happens if You Don’t Comply with BIR Rules in 2025? Under the Ease of Paying Taxes (EOPT) Law – RA 11976, the BIR has streamlined processes but…
Purpose in Action, Partnership in Motion. The NNA Team proudly marks another milestone as we officially signed a Memorandum of Understanding (MOU) with the Rotary Club of San Juan, beginning…
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 the Department of Finance (DOF),…