News & Updates
Read more about the latest news and updates on the industry policies and upcoming deadlines to ensure up-to-date coverage.
Reminder to All Business Establishments
The Bureau of Internal Revenue (BIR) has been inspecting business establishments across the country in surprise, to verify compliance with registration, invoicing and bookkeeping requirements provided for under existing internal
April 2020 BIR Deadlines
Knowing when and what to file can save you a lot of headaches at tax time. Here are some reminders and guidelines to give you a heads up of the
Books of Accounts
Registration of Books of Accounts: All corporations, companies, partnerships or persons required by law to pay internal revenue taxes shall keep a journal and ledger or their equivalents such as
Quarterly Income Tax Return
What form to use? The Bureau of Internal Revenue (BIR) Form 1701Q shall be used by self-employed individuals, estates and trusts upon filing their quarterly income tax, whereas, the BIR
DE MINIMIS BENEFITS
Benefits are any perks offered to employees in addition to their salary. Aside from the benefits that we are familiar with, like maternity leaves, thirteenth-month pays, and government contributions there
Business Expenses
Tax Deductible Expenses with Limitations in the Philippines Business expenses are costs incurred in the ordinary course of business. These are referred to as deductions and generally recognized as fully
