by Greg Aquino | Apr 6, 2017 | Accounting Best Practices, News Letters
Philippines – The Securities and Exchange Commission on September 2016 issued a Memorandum Circular (MC) 16 series of 2016 requiring all corporations registered under the Commission to use a revised General Information Sheet (GIS) starting January 2017. The...
by Greg Aquino | Apr 6, 2017 | Accounting Best Practices, Lets Talk Tax, Tax Updates
To download the eBIRForms Version 6.3, you can choose among the following sites. Just click the icons or logos. 🙂 Offline eBIRForms Package Release Notes...
by Greg Aquino | Dec 8, 2016 | Accounting Best Practices, Audit Best Practices, Lets Talk Tax
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,...
by Greg Aquino | Dec 10, 2015 | Accounting Best Practices, Lets Talk Tax, News Letters, Tax Updates
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...
by Greg Aquino | Dec 9, 2015 | Accounting Best Practices, Lets Talk Tax, News Letters, Tax Updates
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,...
by Greg Aquino | Mar 20, 2015 | Accounting Best Practices, News Letters
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...
by Greg Aquino | Mar 19, 2015 | Accounting Best Practices, Lets Talk Tax, Tax Updates
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 5-2015Â dated March 17,...
by Greg Aquino | Feb 12, 2015 | Accounting Best Practices, Lets Talk Tax, Tax Updates
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...
by Greg Aquino | Jan 23, 2015 | Accounting Best Practices, Audit Best Practices
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...
by Greg Aquino | Jan 15, 2015 | Accounting Best Practices, Lets Talk Tax, Tax Updates
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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