News and Blogs

24 Results


Apr 6, 2021

Filing Guidelines: Income Tax for General Professional Partnership

Under the Tax Code, a General Professional Partnership (GPP) as such shall not be subject to the income tax. Persons engaging in business as partners in a general professional partnership shall be lia...


Apr 6, 2021

Filing Guidelines: Quarterly Income Tax Return for Corporation and Partnership

This return is filed quarterly by every corporation, partnership, joint stock companies, joint accounts, associations (except foreign corporation not engaged in trade or business in the Philippines an...


Apr 6, 2021

Filing Guidelines: Quarterly Income Tax Return for Individuals

This return shall be filed in triplicate by the following individuals regardless of amount of gross income by


Apr 6, 2021

Filing Guidelines: Income Tax Returns for Corporation and Partnership

Non-Individuals required to file Income Tax Returns (ITRs) includes (1) Corporations including partnerships, no matter how created or organized, (2) Domestic corporations receiving income from sources...


Apr 6, 2021

Filing Guidelines: 2307 Certificates

Certificates of Creditable Tax Withheld at Source, regularly referred to as 2307 Certificates, are to be accomplished and issued to recipients of income subject to expanded withholding tax paid by a W...


Apr 6, 2021

Filing Guidelines: Income Tax Return for Individuals

By every resident citizen deriving compensation income from all sources, or resident alien and non-resident citizen with respect to compensation income from within the Philippines.


Apr 5, 2021

Filing Guidelines: Creditable Income Taxes Withheld (Expanded)

By every withholding agent / payor required to deduct and withhold taxes on income payments subject to Expanded/Creditable Withholding Taxes.


Mar 30, 2021

TRAIN Personal Income Tax Schedules

TRAIN aims to make the Philippine Tax System simpler, fairer, and more efficient to promote investments, create jobs and reduce poverty.


Mar 29, 2021

CREATE Amendments to Tax Free Exchange of Property

Section 40 (C) of the Tax Code starts with the general rule that upon the sale or exchange or property, the entire amount of the gain or loss, as the case may be, shall be recognized.

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