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 pay, how to comply with…
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 your social obligation for the…
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. On top of that, it…
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 and other stakeholders with information…
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 Clearance Certificate is one of…
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 Tax Authority, which collects applicable…
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 of work involved in this…
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 you need to monitor and…
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 is a legal document that…
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.