by Greg Aquino | Mar 19, 2021 | Lets Talk Tax, News Letters
Schedule of Filing and Submission of Annual Income Tax Returns ParticularsIndividualsCorporationsPartnershipsCooperativesBIR Forms17011701A1702RT1702EX1702MXDate of Filing and Payment15-Apr-2115-Apr-21Mode of Filing the ReturnseBIRFormsEFPSeBIRFormsEFPSMode of Paying...
by Greg Aquino | Mar 18, 2021 | News Letters, Tax Updates
Philippines – The Securities and Exchange Commission launches its online portal called Online Submission Tool (OST) for the digital submission of compliance reports to the Commission. This is in alignment with the issuance of the SEC memorandum circular 3 series...
by Jonalyn Carbo | Aug 4, 2018 | Accounting Best Practices, News Letters
Our current accounting system and standards is based on a double-entry bookkeeping system. This double-entry system has revolutionized traditional bookkeeping during the Renaissance, and we’ve used this system alongside independent auditing bodies, until the present...
by Greg Aquino | Nov 14, 2017 | Accounting Best Practices, News Letters
Philippine Health Insurance Corporation, commonly called PhilHealth, issued the memorandum circular 2017-0024 adjusting the premium contributions of the employed sector to sustain the National Health Insurance Program (NHIP). Accordingly, the adjustment is necessary...
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 | 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...
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