Why MSMEs should avail of bank financing under the Credit Surety Fund
It is challenging for a cash-strapped business enterprise to survive in this hostile business climate. Many companies resorted to workforce reduction or shortened operations to keep them afloat. Others had to close its door entirely to save the company’s remaining assets. Without the infusion of…
RMC 29-2021: The (e) Sign of Time
We have observed the significant transformation of the Bureau of Internal Revenue’s (BIR) tax filing and payment system to address the unexpected changes brought about by the COVID – 19 pandemic. The bureau has practically made all tax transactions done electronically, including the use of…
How to File and Process VAT Refund or Tax Credit Claim
The extended lockdown has severely affected our economy. We are forced to stay at home, and businesses are struggling to keep their operations going. This crisis has taught us and made us realize how every peso counts. Business owners welcome with much relief the issuance…
3 Major Tax Provisions of ‘Bayanihan 2’ That Every Business Owner Should Know
The rising cases of COVID 19 patients in the country call for more drastic measures. The outbreak created global chaos, which affected the health and economic sectors of the country. To mitigate the effects of COVID 19, the government passed into law, Republic Act (R.A.)…
