Tag: Business
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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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One Person Corporation (OPC)
The SEC Commission En Banc has already issued and approved the Guidelines on the Establishment of a One Person Corporation (OPC) under Memorandum Circular No. 7, Series of 2019. Under the Guidelines, a natural person, trust or estate may form an OPC. The “trust”, however, does not refer to a trust entity, but to the…
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Business Retirement
Planning to retire your business? Well, I know its not just as easy as one, two, three. Yes, it seems like retiring your business is somewhat require a great deal of effort just like the time you started to open it. But, is it complex and difficult? Nope, and you can do it yourself, in…
Bong Corpuz & Co. CPAs 