Category: My Business
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The Little-Known 30% Rule That Can Turn a Simple Error Into Tax Fraud
Think a small “adjustment” on your tax return won’t hurt? Think again. Every year, countless business owners unknowingly cross a silent red line in the Tax Code, a line that can instantly turn an ordinary tax return into prima facie evidence of fraud. Meet the 30% Rule. If you under-declare your income or sales by
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RMO 36-2025: What Every Business Owner Needs to Know About the New BIR Audit Triggers
The BIR’s RMO 36-2025 expands mandatory audits, what used to be exceptions are now automatic. Learn what this means for your business and how to prepare. What is RMO 36-2025? A Revenue Memorandum Order (RMO) is an official directive issued by the Bureau of Internal Revenue (BIR) to guide its revenue officers on how to
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CREATE and CREATE MORE Incentives in 2025: What Philippine Businesses Need to Know
Our firm continue to receive the same question from clients:“Are CREATE incentives still available this year, and what’s different under CREATE MORE?” The short answer: Yes. In fact, 2025 is one of the most strategic times to maximize them. The CREATE MORE Law has expanded and improved many of the benefits under the original CREATE
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How to Secure a Personal TIN in the Philippines: A Quick Guide for Individuals
If you’re planning to work, start a business, or simply comply with financial or legal requirements in the Philippines, one essential document you’ll need is a Taxpayer Identification Number (TIN). Whether you’re a fresh graduate, a freelancer, or transitioning to formal employment, securing a TIN is a must. This guide will walk you through how
Bong Corpuz & Co. CPAs 