Category: Tips
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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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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…
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Avoid Penalties: SEC Now Requires Official Contact Details
Pursuant to SEC MC No. 28, s.2020, all corporations, partnerships, associations, and individuals registered with the Securities and Exchange Commission (SEC) are required to create and/or designate an official email address and mobile number. These contact details will serve as the primary channels for receiving notices, orders, and other communications from the Commission. Submission Instructions:…
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Getting Through a Pandemic is Tough, Doing Taxes Alone Doesn’t Make It Easier.
Even with the challenges brought by the Coronavirus, tax deadlines are still very real. While some dates may have been extended, they’re still coming, and fast. Are you keeping up with your tax compliance? Or still trying to handle it all by yourself? You can check the updated tax filing and payment deadlines on the…
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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…
Bong Corpuz & Co. CPAs 