Clemente Aquino & Co., CPAs

Empowering the MSMEs

BUILDING A SUSTAINABLE PRACTICE About Us

Tax Advisory Services

Tax Returns and Reports Preparation
Tax Case Representations (Open Cases, LNs, eLOAs/eLAs)
Tax Advisory and Tax Assessments
Tax Opinion and Studies
Request for Tax Ruling
Estate Tax Planning and Proceedings
Transfer Taxes (Donation, Inheritance, Assignment)
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FS Compilation Services

PRC BOA Resolution 3-2016
BIR RMC 21-2016
PSRS 4410
Financial Reports/Trial Balance to Financial Statements
FS Preparation using PFRS for SMEs
FS Preparation using Full PFRS
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Business Setup & Corporate Services

Business Formations/Registrations (DTI, SEC, BIR, LGU, SSS, PHIC, HDMF)
Corporate Secretariat
Updating of Stock and Transfer Book
Stock Certificate Preparation
Increase in Authorized Capital
Amendment to Articles of Incorporation and By-Laws
Resident Agent Services
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Outsource Accounting Services

Procure To Pay (P2P)
Order to Cash (OTC)
Records to Report (R2R)
Outsourced Business Process
Complete Outsourced Bookkeeping
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Audit & Attest Services

Annual Financial Statements Audit
Risk-Based Internal Audit
Agreed Upon Procedures
Financial Statements Review
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2016 Year-End and 2017 Year-Start Compliances

The table below is a simple reminder or schedule of what business establishments need to accomplish for ending the year 2016 and starting anew for 2017. We shall update the legal basis for each item included in the list very soon. In cases where we missed some items,...
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BIR Registration of Taxpayers’ Manual Books of Accounts: Things You Don’t Know Might Hurt You

Philippines -- The Bureau of Internal Revenue issued a Revenue Memorandum Circular 82-2008 to simplify the registration of manual books of accounts and to establish uniformity of procedures among the BIR district offices. The Dilemma It has been observed that the...
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2015 Year-end and 2016 Year-start Reminders for Philippine Business Establishments

The table below is a simple reminder or schedule of what business establishments need to accomplish for ending the year 2015 and starting anew for 2016. We shall update the legal basis for each item included in the list very soon. In cases where we missed some items,...
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SSS Contributions Table Effective January 2014 and the Automated Computation under Excel VBA

  How to Automate the Computation of SSS EE, ER, and EC using MS Excel VBA Codes? Is it possible to automate the computation of the SSS EE, ER, and EC components? The answer is Yes! With the use of MS Excel VBA Codes which is built-in with your MS Office, you can...
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Tax Alert 2015: Mandatory Use and Online Enrollment of EBIRForms as prescribed by RR 5-2015 for NON-EFPS filers or Manual Filers

Philippines - The Bureau of Internal Revenue has released a memorandum mandating Non-EFPS Filers or Manual Filers to use the eBIRForms through the issuance of an amendment of the Revenue Regulation 6-2014 under the Revenue Regulations 5-2015 dated March 17, 2015. The...
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Statutory Cap Exemption on 13th Month and Other Bonuses From 30k to 82k Is Now A Law Effective CY 2015

Philippines – Another mark on the history of Philippine Taxes is the amendment of Section 32(B)(7)(E) of the National Internal Revenue Code (NIRC) of 1997 where the former statutory allowance of Thirty Thousand Pesos (P 30,000.00) was increased to Eighty Two Thousand...
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Philippine CPA’S Code of Governance: A BIG Responsibility

COMMITMENT TO PUBLIC INTEREST, OBJECTIVITY AND TRANSPARENCY As Certified Public Accountants, we shall always remember that we do not live for ourselves and our family alone. We are part of society to which we owe definite responsibilities. Therefore, we shall always...
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Lessor’s Mandatory Submission of Lessee Information Sheet as Prescribed by RR 12-2011 – Due Every 31st Day after the Close of Every Semester

Lessors are reminded to monitor and submit to BIR a semi-annual Lessee Information Sheet (see image below) as prescribed by Revenue Regulations No. 12-2011 issued on July 25, 2011. BIR Lessee Information Sheet RR 12-2011  The required Lessee Information Sheet...
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contactus@cacac.com.ph

(074) 424-9387 / (074) 423-2164

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