News

R.M.C. No. 49-2020: Additional Options in the Acceptance and Processing of the Filed 2019 Income Tax Returns.

The Bureau of Internal Revenue issued a memorandum to provide additional options taxpayers in the submission of the filed 2019 Income Tax Return and its required attachments. Accordingly, the BIR...

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R.M.C. No. 48-2020: Manner of Accepting Payment of Internal Revenue Taxes

As the enhanced community quarantine was being change into modified enhanced community quarantine (MECQ) last May 15, 2020 in some areas until May 31, 2020, the Bureau of Internal Revenue issued the...

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NO PLANS TO FURTHER EXTEND TAX DEADLINES

In consideration to the current situation in our country, extending tax deadlines brings relief to every businesses and workers, especially to our accountants who usually handles tax compliances. As...

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R.M.C. 47-2020: Allowing Taxpayers to Use Temporary Receipts or Invoices during E.C.Q.

The Bureau of Internal Revenue recently issued RMC 47-2020 allowing businesses to issue temporary receipts or invoices as some stores selling essential goods ran out of official receipts and invoices...

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CPALE May 2020: Postponed

Probably one the most awaited moments of every Certified Public Accountant (CPA) aspirants is seeing their names included on the list of passers. Having the three letters added after your name would...

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BIR Further Extends Tax Deadlines

Due to the prolonged enhanced community quarantine (ECQ) on selected region and provinces in the country as a way of limiting the spread of COVID-19, coming back to normal work is still not feasible....

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Will There Be Further Extensions?

After the Philippine Government pushed back the lifting of the ongoing enhanced community quarantine (ECQ) to May 15, 2020 in the entire National Capital Region (NCR) and other high-risk areas, many...

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Qualifications for Small Business Wage Subsidy (SBWS) Program

As a result of unprecedented economic crisis, jobs of millions of Filipino workers were compromised resulting to no paycheck being received by the majority. You’re lucky if you’re still part of a...

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PHIC ADVISORY No. 2020-027: Extension of the Deadline for the Payment of Premium for All Direct Contributors

Following the announcement of extension of ECQ, the Philippine Health Insurance Corporation (PHIC) issued Advisory No. 2020-027 to extend the deadline for the payment of premium for all direct...

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PhilHealth Contributions of OFWs, Now ‘Voluntary’

Today’s modern heroes are also not exempted from the current economic crisis. This pandemic has caused suspension of work affecting every corner of the world, therefore, our Overseas Filipino...

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