News & Updates
Read more about the latest news and updates on the industry policies and upcoming deadlines to ensure up-to-date coverage.
Mandatory Email Address and Cellphone Number for SEC Transactions
An interesting development is now on sight as the Securities and Exchange Commission (SEC) is taking another step to expedite its processes, to maintain its integrity and to further align
Estate Planning Benefits (With Insurance on High Tax Due)
Many people dedicate more of their time in planning the best place to go for a vacation, choosing a car to buy, or even selecting the best place to eat
2020 and 2021 Carry-over of Net Operating Losses Extended
Keeping in mind the general welfare of the people in response to the COVID-19 pandemic, the government has set forth quarantine measures in major areas of the country. Not only
November 2020 BIR Deadlines
Nov 10, 2020 Filing and payment BIR Forms 1601C, 0619-E and 0619-F (Non-eFPS Filers) Nov 11, 2020 e-Filing BIR Form 1601C, 0619-E and 0619-F (eFPS Group E) Nov 12, 2020
Improperly Accumulated Earnings
A corporation’s profits and losses are accumulated to the Company’s Retained earnings. The stockholders receive their profit share through dividends that are being declared at the discretion of the Company’s
Disallowance of Expenses with Taxes Not Withheld
As far as the Bureau of Internal Revenue (BIR) is concerned, business income commensurate income taxes. As much as possible, taxpayers would always want most, if not all, of their
