Understanding Tax Compliance for e-Marketplace Businesses
Online sellers can no longer avoid taxation. The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 8-2024, which outlines the implementation schedule and procedures for Revenue Regulation (RR) No. 16-2024. RR 16-2024 mandates online sellers and merchants to pay a 1% withholding…
Who Needs to Submit GIS to the SEC?
As a corporation in the Philippines, it is crucial to understand and comply with the regulatory requirements of the Securities and Exchange Commission (SEC). One of the basic obligations of a corporation is the filing of a General Information Sheet (GIS) as set forth in…
Understanding these Financial Ratios for Business Decision-Making Purposes
As a business owner or manager, having a good understanding of key financial indicators should be an integral part of your skill set. Financial indicators derived from your company accounts and reports can provide invaluable insights into performance and operations. Mastering the most useful ratios…
What you Should Know about the Ease of Paying Taxes Act
Tax compliance can be quite a challenge for both individuals and businesses. The process is often difficult due to complex forms, long queues at RDOs and confusing regulations. Gladly, Republic Act No. (RA) 11976 or the Ease of Paying Taxes Act (EOPT) signed by President…
Understanding the Philippine Tax Landscape for Foreign Entrepreneurs
The Philippines offers an attractive environment for foreign entrepreneurs who want to set up businesses or invest in the country. With its growing economy, young population, and business-friendly policies, the Philippines provides tremendous opportunities across sectors. However, navigating the country’s complex tax regime can be…
How to Determine Whether Your Business Needs an Accountant or an Auditor
Finance plays an important role in the business world. Whether you run a small café or a large company, managing your finances is the key to success. But when it comes to professional help, should you hire an accountant or an auditor? Understanding the…
Understanding the Latest e-Invoicing System Accreditation Procedures
In the fast-changing world of business and technology, staying compliant with tax regulations is important. Recently, the Bureau of Internal Revenue (BIR) in the Philippines issued Memorandum Order (RMO) No. 24-2023, a game-changer in the accreditation process for sales machines and software used to generate…
How to Find Your Reliable Accounting Firm and Get the Services You Need
In today’s complex business world, accounting plays a crucial role in the success of any organization. Whether you are a small business owner or a corporate executive, having a reliable accounting firm by your side is essential. However, approaching an accounting firm and effectively communicating…
Five Financial Ratios That Every Business Owner Must Know
Financial ratios are powerful tools that can provide valuable insights into a company’s financial health and performance. By analyzing these ratios, business owners can make informed decisions and take proactive steps to improve their financial position. We will discuss the five essential financial ratios that…
Six Things that You Should Know about Foreign Investment in the Philippines
The Philippines, with its strategic location and a population fluent in English, has become an attractive investment destination for foreign entrepreneurs. Whether you’re considering setting up a corporation, partnership, branch office, or representative office, it’s crucial to understand the key facts and requirements for doing…
Recent Posts
- How to Process the Sworn Declaration Required by BIR for Electronic Marketplace Sellers
- Understanding Tax Compliance for e-Marketplace Businesses
- Who Needs to Submit GIS to the SEC?
- Understanding these Financial Ratios for Business Decision-Making Purposes
- What you Should Know about the Ease of Paying Taxes Act