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
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
Property, plant and equipment (PPE) are tangible or physical assets acquired and owned by the company which will be used for more than one year and are not held for
The Bureau of Internal Revenue (BIR) warned all the taxpayers from malicious emails perpetrated by deceitful groups called “phishers” or “scammers” designed to look like emails from the BIR. These
Pursuant to Administrative Order No. 30 s. 2020 of the President to direct all government agencies to suspend deadlines for the duration of community quarantine, the Department of Finance (DOF)
Businesses nowadays are known to be competitive and are focused on quality and growth. It is very usual for companies to transact with third parties such as investors, suppliers and
