One of the best tools to leverage nowadays is cloud accounting. Its cost-efficient and saves time by keeping you constantly connected to the business. Yes, a cloud-based accounting system is cheaper as compared to desktop-based systems or on-premise that require investment such as IT hardware not to mention the cost of maintaining hardware. Further, when … Continue reading Bring your books to the Cloud
Regardless of the challenging situation with the Coronavirus, tax deadlines are still coming. It may have been moved for some dates, but surely it will come. How are you coping up with your tax compliance? Still doing taxes yourself? The deadline to file and pay your taxes can be found at the BIR website. Thus, if … Continue reading Still doing taxes yourself?
Today, I happened to browse the Philippines economic indicators given the Covid19 cases at 31K+ "as of this writing". Yes, its about 31,825 covid19 cases to be exact, but what's funny is that my news feed is full of issues on the Anti-Terror Bill, the repatriation of OFW's, the Foreign Debt level, the Fake News … Continue reading PHILIPPINES: Should I be worried??
Revenue Memorandum Circular (RMC) No. 57-2020 As per this circular, the business / mayor's permit has been removed as one of the mandatory requirements for the BIR registration (COR) of new business in the Philippines and in line with the BIR Citizen's Charter. This is also to streamline the BIR process and improve "the" ease … Continue reading BIR Certificate of Registration
New BIR Advisory: Bank Bulletin No. 2020-08 reiterates the relevant policies on the acceptance of Annual Income Tax Returns and payments.