News & Updates
Read more about the latest news and updates on the industry policies and upcoming deadlines to ensure up-to-date coverage.
January 2021 BIR Deadlines
Jan 11 e-Filing of 1601C (eFPS Group E) Jan 12 e-Filing of 1601C (eFPS Group D) Jan 13 e-Filing of 1601C (eFPS Group C) Jan 14 e-Filing of 1601C (eFPS
Conversion of Corporation
The Securities and Exchange Commission (SEC) recently released Memorandum Circular (MC) No. 27-2020 to guide corporations under (or with potential to be under) conversion from Ordinary Stock Corporation (OSC) to
BIR Form 1700
FOR INDIVIDUALS EARNING PURELY COMPENSATION INCOME (Including Non-Business/Non-Professional Income) Each taxpayer is required to file a specific annual income tax return from the different types of Income Tax Return issued
Donations During Enhanced Community Quarantine
During the period of the Enhanced Community Quarantine (ECQ), the BIR issued the Revenue Regulation No. 9-2020, which implements Section 4 (Z) and Section 4 (EE) of the Republic Act
Cash and Accrual Accounting
The two primary methods of accounting that are normally used today are Cash and Accrual Accounting. There are differences between both methods. However, the main distinction is on the timing
December 2020 BIR Deadlines
Dec 10, 2020 Filing and payment BIR Forms 1601C, 0619-E and 0619-F (Non-eFPS Filers) Dec 11, 2020 e-Filing BIR Form 1601C, 0619-E and 0619-F (eFPS Group E) Dec 12, 2020
