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 in Manila emphasize that it…
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 business like a sole proprietorship,…
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 subsidiary. It also refers to…
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 a BIR letter that is…
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 distinct objectives and responsibilities, but…
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 your business transactions and expenses.…
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 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.
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…