Category: SEC
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SEC Filing: When Does the Statement of Management’s Responsibility (SMR) Need to Be Notarized?
As companies begin preparing their 2025 financial statements for SEC filing, one common question arises: Does the Statement of Management’s Responsibility (SMR) now need to be notarized? Recent updates from the Securities and Exchange Commission (SEC) have created some confusion. The answer is simple once you understand the rule: Notarization depends on whether the financial…
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SEC MC No. 4, Series of 2026: New Audit Rules That Benefit Small Corporations
The Securities and Exchange Commission has issued Memorandum Circular (MC) No. 4, Series of 2026, introducing updated audit requirements designed to ease compliance costs for smaller corporations while maintaining accountability and transparency. This new circular significantly raises the audit threshold, allowing more corporations to file unaudited financial statements, provided certain conditions are met. Below is…
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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…
Bong Corpuz & Co. CPAs 