Category: SME
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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
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How to Handle Local Market Purchases Without Official Receipts and Still Stay BIR-Compliant
When you’re running a small business, every peso counts. That’s why many entrepreneurs and local business owners choose to buy raw materials from their local market instead of formal suppliers. The prices are significantly cheaper, and for good reason. Most of these local market vendors operate informally, which means they don’t issue official BIR-registered receipts.
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CMEPA 101: What Savers and CPAs Need to Know About the New 2025 Deposit Tax
There has been growing public discussion, and some confusion, surrounding the recent changes in the taxation of deposit interest income under the Capital Markets Efficiency Promotion Act (CMEPA) or Republic Act No. 12214. As finance and tax professionals, it’s important to understand these changes based on actual provisions of the law and regulatory issuances, rather
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Thinking of Taking Control of Your Accounting Career?
We came across a website recently that listed the average CPA salary in the Philippines, around ₱17,000/month for entry-level and ₱50,000/month for experienced professionals. Surprised? Don’t be just yet. The data was based on only 182 uploaded salary profiles. Other sources might say something different. But regardless of the numbers, one thing’s for sure: The
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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
Bong Corpuz & Co. CPAs 