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 pay, how to comply with…

Comments Off on Business Owners Beware: What is a BIR Audit

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 your social obligation for the…

Comments Off on The Adverse Consequences of Evading Taxes in the Ph

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. On top of that, it…

Comments Off on Common Errors on BIR Tax Returns and Financial Statements

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 and other stakeholders with information…

Comments Off on Enhanced BIR Chatbot for RDO Inquires & Other Concerns

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 Clearance Certificate is one of…

Comments Off on A General Guide to the Philippine Tax Clearance Process

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 Tax Authority, which collects applicable…

Comments Off on Why is it your social obligation to pay tax dues

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 of work involved in this…

Comments Off on How to Efficiently Prepare for PH Audit Season

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 you need to monitor and…

Comments Off on Lower Your Taxes: 10 Deductible Expenses in the Philippines

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 is a legal document that…

Comments Off on Are You Required to Submit an Audited Financial Statement?

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.

Comments Off on The Breakeven Analysis & Applying It to Your Business

End of content

No more pages to load