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Technically, the long and tedious renewal of PRC license is quite over. Isn’t it? Oh yes, thanks to the technology provided by the PRC Online. However, since the old fashion way of license renewal is still available, I preferred renewing it manually. I repeat, manually. So people reading this blog, this is for your manual eyes…
BIR Certificate of Registration (COR) or BIR Form 2303 is a basic requirement in the conduct of your business in the Philippines. Of course, its a MUST following the general principle that “everything is taxable”. Anyhow, if you are Self-Employed, Corporation, Partnership, Cooperatives, Associations or Government-Owned and Controlled Corporation (GOCC), then you are required to…
A business permit is required to any person, group or corporation who establishes, operates, conducts or maintain their business with a municipality or city. It should be renewed annually on or before the 20th of January. Here are the requirements for business permit renewal for a Corporation. 1) Application form duly filled-up & notarized with location…
This is for those blog readers, CPA, accountant or otherwise who are searching my blog for a sample Statement of Management’s Responsibility. “STATEMENT OF MANAGEMENT’S RESPONSIBILITY FOR ANNUAL INCOME TAX RETURN” The Management of CORPORATION NAME, INC., is responsible for all information and representations contained in the Annual Income Tax Return for the year ended…
Corporate Code of the Philippines [Sec. 23-35] TITLE III : BOARD OF DIRECTORS/TRUSTEES/OFFICERS Sec. 23. The board of directors or trustees. – Unless otherwise provided in this Code, the corporate powers of all corporations formed under this Code shall be exercised, all business conducted and all property of such corporations controlled and held by the board…
Bong Corpuz & Co. CPAs 