Programs & Seminars

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Webinar Session 1 & 2: Basic BIR Compliance for VAT Entity

You may not have all what it takes to master accounting, but your accounting and tax knowledge is indispensable for your entrepreneurial success. For tax purposes, simple things may mean a lot and may become a material issue. Thus, this seminar-workshop is intended to educate participants in basic BIR compliance and avoid headaches dealing with the tax authorities. Learning Points: Session 1 Learn basic tax rules for VAT Registered Taxpayers Understand the basic minimum requirements of VAT Registered Corporation Taxpayers  To be aware of the different modes of filing and payment  To be aware of penalties imposed by the BIR; and  Understand the work of your regularly paid bookkeeper and reasonably estimate their retainer fees. Learn the BIR allowed books of accounts Learn how to record on books of accounts: Cash receipts books Cash disbursements books General journal General ledger Subsidiary purchases journal Subsidiary sales journal Session 2 Learn how

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Webinar : Basic Business Accounting & Bir Compliance for Vat Entity

You may not have all what it takes to master accounting, but your accounting and tax knowledge is indispensable for your entrepreneurial success. For tax purposes, simple things may mean a lot and may become a material issue. Thus, this seminar-workshop is intended to educate participants in basic BIR compliance and avoid headaches dealing with the tax authorities. Learning Points: Session 1 Learn the Accounting Concepts Accounting Elements Accounting Cycle Learn How To Make Entries In The Journal Learn How To Post Entries In The Ledger Learn To Prepare The Necessary And Proper Adjustments Learn How To Generate Periodic Balances of The Accounts Session 2 Learn How To Prepare The Basic Financial Reports Properly Analyze Financial Statements For Business Implications Fully understand when to register as VAT entity Learn the Minimum tax types for VAT entity Learn the Proper substantiation of income when registered as VAT entity Learn the Proper

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Webinar Session 2: Payroll Taxation

Almost every entrepreneur knows how to hire good people but not every entrepreneur knows how withholding taxes apply to compensation such employees. Withholding tax on compensation is a must know of every entrepreneur in order to develop a competitive package for employees and to avoid paying penalties for ignorance.  Should you fail to apply withholding taxes on compensation,  the same shall not be allowed as a deduction for income tax computation until you pay the required withholding taxes PLUS PENALTIES, a one-time 25% surcharge based on amount that should have been withheld, 20% interest per annum, and compromise penalties depending on the amount involved. Why waste your hard earned income on paying penalties, when you have a lot of opportunities to educate. Learning Points: Learn how to prepare & file BIR Form No. 1601C monthl; Learn how to prepare & file BIR Form No. 1604CF & Alphalist attachment annually; Learn

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Webinar: Payroll Taxation

Almost every entrepreneur knows how to hire good people but not every entrepreneur knows how withholding taxes apply to compensation such employees. Withholding tax on compensation is a must know of every entrepreneur in order to develop a competitive package for employees and to avoid paying penalties for ignorance.  Should you fail to apply withholding taxes on compensation,  the same shall not be allowed as a deduction for income tax computation until you pay the required withholding taxes PLUS PENALTIES, a one-time 25% surcharge based on amount that should have been withheld, 20% interest per annum, and compromise penalties depending on the amount involved. Why waste your hard earned income on paying penalties, when you have a lot of opportunities to educate. Learning Points: Session 1 Understand how compensation is defined in the Tax Code, as amended; Learn what items of compensation, employee benefits, and other grants to employees are

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Webinar: Winning BIR Tax Assessment and Preparing Effective Tax Protest

Few years ago, we encountered a client who is facing a PhP 10M tax assessment. The amount is no joke and the owners are on the point of deciding the closure of their business after years of hardships in building their brand and team. Indeed, facing a tax assessment is not an easy problem to deal with. Most of the time, business owners with tax assessment tend to think of closing down their hard-earned business than face the BIR due to the fear of the unknown implications at the end of the process. Because of that encounter few years ago, we came up with a seminar program that will educate the tax payers on the correct tax assessment process in the Philippines. With the familiarity of the process, your right as a tax payer during the process and the understanding the common areas for BIR examination, you can properly prepare

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Webinar: One Person Corp. & 2-Person Corp. Registrations

With the recent amendments leading to the Revised Corporation Code (RCC) or Republic Act No. 10963, businesses and investors could not opt to register one person corporation and 2-person corporations in Philippines instead of the 5-person corporation to facilitate doing business in the Philippines and fast track registration processes. More new rules had came along with these options and knowing them could give you more advantages for your proposed business. Notably, you can convert your 5-person corporations and adopt the new rules for your advantage. In line with the new rules of BIR under RMC 60-2020 for the registration of online sellers in Philippines and corresponding payment of taxes, this webinar is timely and could be helpful to facilitate compliance. Learning points: Learn the winning points of corporate set-up over sole proprietorship; Learn basic foreign investment rules in Ph related to allowed foreign ownership, capitalization, and related matters; Learn the

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Webinar: Withholding Taxes, Subjects & Applications

Withholding tax is most commonly applicable tax obligation of taxpayers engaged in trade or business being automatically instituted by the BIR as a withholding agent. The obligation seems simple – withhold on certain expenses, remit withheld taxes to BIR, issue payees certificate, and file returns/ reports to BIR, but failure to comply with these obligations are proven to be headaches – being required to pay amount that should have been withheld with penalties (25% surcharge, 12% interest, and compromise penalties), being penalized for every return or report failed to be filed, and being disallowed to claim deductible expense from income tax returns those expenses failed to be withheld. Accordingly, this withholding tax is a must-learn tax obligation of each and every taxpayer. This webinar comes in a series that you can join in all series to fully understand and appreciate withholding tax rules in Philippines or just enroll for the

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Live Webinar: PEZA Registered Entities: Taxation and Basic Reports

Registration with Philippine Economic Zone Authority (PEZA) is a special privilege to some PEZA-registered activities. As such it is highly regulated and monitored to ensure their compliance with the technical tax rules imposed by existing laws, rules, and regulations as provided in their respective Registration Agreements. Should they fail to comply with what is owing upon them, then, the government could cancel their PEZA registration along with their tax holiday or 5% special income tax privilege, or be imposed penalties to such waste of resources.

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Tax Amnesty, Revised Corporation Code and TRABAHO Bill Seminar

Learning Points:    I. Power of the Commissioner of Internal Revenue a. Coop Incentive Report Submission b. Zonal valuation of real properties II. Personal Income Taxation (PIT) a. New Graduated tax table b. 8% optional PIT c. Deduction for PIT d. PIT exemption e. Special Alien Employee (SAE) Taxation f. Individual ITR filings g. Passive Incomes and Taxation III. Transfer Taxation a. Estate Taxation b. Donor’s Taxation c. Administrative Rules IV. Value Added Taxation/Percentage Taxes a. New VAT threshold b. Zero-Rated and Exempt Transaction c. Input VAT Refund Policy d. New percentage tax rates e. VAT Exemption V. Excise Taxation a. Tobacco b. Petroleum c. Cosmetic Procedures d. Sweetened Beverages e. Other Excise Tax Matters VI. Document stamp Taxation a. New DST rates b. DST on donation VII. Updates on administrative matters VIII. Old vs. New Rates and Transitions IX. Related Revenue Regulation and Rules X. Overview of TRABAHO Bill

Package: P3,360.00 per participant – Handouts/Notes and pencils/BIR Forms/Comprehensive illustrations/ Seminar-Workshop Certificate/ Lunch and snacks – a.m./p.m.. Please bring calculator.

Reservation: At least P1,000 reservation fee to be deposited to BDO Savings Account (Please contact us for account details) & balance on seminar day.

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Compensations, Computation and Must Know Exemptions

Almost every entrepreneur knows how to hire good people but not every entrepreneur knows how withholding taxes apply to compensation such employees. Withholding tax on compensation is a must know of every entrepreneur in order to develop a competitive package for employees and to avoid paying penalties for ignorance.  Should you fail to apply withholding taxes on compensation,  the same shall not be allowed as a deduction for income tax computation until you pay the required withholding taxes PLUS PENALTIES, a one-time 25% surcharge based on amount that should have been withheld, 20% interest per annum, and compromise penalties depending on the amount involved.

Package: P3,000 plus VAT per participant – Handouts/Notes and pencils/BIR Forms/Comprehensive illustrations/ Seminar-Workshop Certificate/ Lunch and snacks – a.m./p.m.. Please bring calculator.

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