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, asks for the schedule behind…
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 withholding agents have already reported…
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 through the eAMEND Portal for select Articles…
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 within 30 days of notarization, Estate Tax…
Quick Answer: Is the SEC allowing new online lending apps again? Yes — under SEC Memorandum Circular No. 20, s. 2026 (signed July 7, 2026), the SEC lifts its 2021 moratorium…
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 until they receive a Letter…
What Is the 4-Day Work Arrangement Announced Under Memorandum Circular No. 114? Memorandum Circular No. 114 allows government agencies in the Philippines to implement a four-day on-site work arrangement as part…
The Bangko Sentral ng Pilipinas (BSP) has increased the threshold for cash withdrawals requiring enhanced due diligence from ₱500,000 to ₱1 million under Circular No. 1230.
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 as Letters of Authority (LOAs)…
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 Letter of Authority (LOA) before…