News & Updates

Guidelines

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

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Guidelines

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

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Deadlines

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

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Guidelines

How to Secure Tax Clearance Certificate

Before entering a new contract or a continuing contract with the Government, its Department, Agencies and Instrumentalities, one of the requirements is to submit a Tax Clearance Certificate (TCC) from

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Guidelines

Fringe Benefits Under Philippine Taxation

Some business owners believe that their employees are the backbone of their company. Creating a solid employee program that helps to promote job satisfaction and morale, increase motivation, and efficiencies

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