Every employer in the Philippines has responsibilities that extend beyond paying salaries. Employers also act as withholding agents of the government, tasked with withholding, remitting, and reporting...
Businesses in the Philippines do more than pay their own taxes—they also act as withholding agents for the Bureau of Internal Revenue (BIR). Every time a business withholds taxes from payments to...
One of the most common reasons businesses receive Bureau of Internal Revenue (BIR) audit findings is the failure to reconcile their financial statements with their income tax returns. A company may...
Registering a corporation with the Securities and Exchange Commission (SEC) is only the beginning of your compliance responsibilities. Once incorporated, every corporation must continue to satisfy...
For many business owners, preparing Annual Financial Statements (AFS) is viewed as just another year-end compliance requirement. However, financial statements are much more than a set of accounting...
For corporations operating in the Philippines, filing the correct Annual Income Tax Return (AITR) is more than a compliance requirement—it is a critical step in avoiding penalties, tax deficiencies...
