The TAX REFORM ACCELERATION AND INCLUSION (TRAIN) repealed several sections of the Tax Code including the Personal and Additional Exemptions. Read about TRAIN #TaxReformNow here. FOR QUESTIONS ON INCOME TAX ON INDIVIDUALS UNDER THE TRAIN LAW, CHECK THE FAQ HERE. Want to file and pay your taxes in minutes? Taxumo is the most widely used online tax compliance tool in… View Post
Have you heard of the Voluntary Assessment and Payment Program VOLUNTARY ASSESSMENT AND PAYMENT PROGRAM (VAPP) of the Bureau of Internal Revenue? UPDATE: EXTENDED UNTIL JUNE 30,2021 I am sure some of you readers have undergone a BIR Tax Audit and I am sure you are aware that a deficiency tax assessment may balloon to millions of pesos if… View Post
New Tax Filing & Payment Deadlines in the Philippines Tax Deadlines for MARCH 2021: The Bureau of Internal Revenue Philippines issued Revenue Regulation No. 11-2020 to extend the deadlines to submit, file and/or pay the necessary documents and/or taxes required under the Tax Code as well as in the existing revenue regulations pursuant to Section 4(z) of RA No. 11469,… View Post
DETALYE NG PROGRAMA 1. Bakit ang Social Amelioration Program (SAP)? Dahil sa seryosong banta ng COVID 19 sa kalusugan, kaligtasan, seguridad at buhay ng mga mamamayan, ang pamahalaan ay nagpatupad ng Enhanced Community Quarantine (ECQ) para mapagaan kung di man kayang sugpuin ang paglaganap ng COVID-19. Ang ECQ ay nagdulot ng di magandang epekto sa hanapbuhay at kasiraan sa mga… View Post
COVID-19 made face-to-face seminars extinct. In my office, before COVID-19 was a thing (or a virus or whatever), we average 2 weekly seminars for our stakeholders. With the pandemic, face-to-face seminars are absolute no-no’s in our organization that is why we learned to adjust by using apps like Zoom, Google Classroom, and Microsoft Teams. Trying to live and cope with… View Post
Do you intend to use a Computerized Accounting System for your business? All taxpayers intending to use the following: Computerized Accounting System (CAS), Computerized Books of Accounts (CBA) and/or its Components including the ESS, Middleware and Other Similar Systems shall NOT be required to secure Permit To Use (PTU). Instead, they shall be registered subject to the following policies: Register… View Post
Clarifications on the Issues and Concerns on the Tax Exemption of Cooperatives in the Philippines Are you a part of the Cooperative Sector in the Philippines and have questions on the grant of Certificate of Tax Exemption (CTE) by the Bureau of Internal Revenue (BIR)? The Bureau of Internal Revenue has issued Revenue Memorandum Circular No. 124-2020 dated November 26,… View Post
Lately, because of the long community quarantine, I have been stressed. Like really stressed. I am having headaches and my stomach gets upset the whole time! Stress is the culprit behind many health conditions. It is no wonder why people like me are seeking relief from the side effects of living with a pandemic and the stress it brings. While… View Post
3Below is the second story in visionary Guillermo Del Toro’s award-winning Tales of Arcadia trilogy, a saga of shared stories about a seemingly ordinary town filled with unexpected heroes who rise to fight the dark forces that reside there.