Author: Monica Grace Dumogho

“We filed on time.” For a business owner, those words can provide a sense of relief. No missed deadline. No last-minute panic. Another tax return finished. But there is an important question that should come immediately afterward: Were the numbers correct? Meeting a deadline is important, but timely filing alone does not guarantee proper tax…

Many business owners think BIR compliance simply means filing tax returns and paying taxes before the deadline. That is certainly part of it, but it is not the whole picture. A business can file its returns regularly and still have compliance issues hiding in its accounting records, invoices, withholding taxes, books of accounts, or supporting…