Category:NetBuziness
Audit Suspension Alert: Understanding RMC 107-2025
On November 24, 2025, the Bureau of Internal Revenue released RMC 107-2025, a circular that immediately placed all field audits and field operations on hold. No ongoing fieldwork.No new audit visits.No extensions or revalidations of existing Letters of Authority (LOAs). It’s a major move, and depending on your situation, it might work in your favor.…
Why Struggle with Slow Systems? Cloud Accounting is the Smarter Move
In today’s digital landscape, cloud accounting is no longer just an option—it’s a strategic advantage. By moving your financial records to the cloud, you gain real-time access to your data, streamline your processes, and significantly reduce overhead costs. Unlike traditional desktop or on-premise systems that require significant investment in IT infrastructure and ongoing maintenance, cloud-based…
An Economic Overview of the Philippines Post-COVID-19
As the Philippines continues to navigate the effects of the COVID-19 pandemic, recent economic indicators suggest a mixed, and at times contradictory, picture of the country’s financial health. While the Philippine Stock Exchange Index (PSEi) remained resilient around the 6,297.78 level during this period, key economic fundamentals paint a less optimistic story. The Employment Crisis…
Good News: No More Mayor’s Permit Needed for BIR Registration!
Revenue Memorandum Circular (RMC) No. 57-2020 In line with the BIR Citizen’s Charter and efforts to streamline business processes, the Bureau of Internal Revenue has removed the Mayor’s Permit as a mandatory requirement when registering a new business in the Philippines. This move supports the government’s initiative to improve the ease of doing business in…
