A newly incorporated business receives its SEC Certificate of Incorporation. The founders celebrate. The next question is usually: “Can we start operating now?” The answer depends on what other...
“I paid for it using the company account, so it’s a business expense.” Not necessarily. One of the most common areas of confusion for business owners is the difference between paying for...
Someone from the company walks into a bank and says: “I am authorized to sign for the corporation.” The bank’s next question is predictable: “Can you show us the authority?” This is where...
When businesses hear the word “audit,” the first reaction is often to start gathering documents. That is already too late to begin organizing them. Audit readiness should be part of ordinary...
When businesses hear about Philippine investment incentives, the conversation often becomes focused on one question: “Which gives better incentives, BOI or PEZA?” That is understandable, but it can...
Common BIR Compliance Mistakes That Can Cost Philippine Businesses Money Tax problems do not always begin with a major mistake. Sometimes they start with something small. A document was not submitted...
