Author Archives: admin
Impact of SEC Memorandum Circular No. 1 – Series of 2022, on the Companies’ Financial Reporting and Practitioners’ Engagement Performance
SEC requires the preparers of financial statements and audit practitioners to consider and comply with the newly adopted Philippine Financial Reporting Standards (PFRS) and Philippine Standards on Auditing (PSA) On January 27, 2022, the Securities and Exchange Commission (SEC) mandated the consideration of certain Philippine Standards on Auditing (PSA) and Philippine Financial Reporting Standards (PFRS) […]
Taxation of PH Based Offshore Gaming Licensee and their Accredited Service Providers (RR No. 20-2021)
Q1: What are OGL and Accredited Service Providers? Are they considered POGO? Answer: Both are considered as POGO, however, OGL refers to an Offshore Gaming Operator, regardless of where it is organized, duly licensed, and authorized through a gaming license issued by a POGO Licensing Authority to conduct offshore gaming operations, including the acceptance of […]
TOTAL QUALITY MANAGEMENT: APPLICATION AND ORIENTATION
SAIDI-GSOD in partnership with iLEAD Academy presents the Total Quality Management (TQM) Application & Orientation Webinar.
This Programme is designed for Organizations who looks into improving efficiency across their management’s organization and performance. This Webimar will be conducted by Professor Jane Aliwalas who had 3 decades of experience with various operation management roles in multiple industries.
DON’T BE LEFT BEHIND! Register now and be learn from the best of the best!
When is EIS/EIRS applicable?
Non-compliance by large taxpayers, e-commerce and export oriented businesses may result to penalties, input VAT or expense disallowance as per RR. Nos. 08-2022 & 09-2022 Frequently Asked Questions (FAQs): 1. What is a Electronic Invoicing System (EIS)? Answer: EIS is capable of storing and processing data required to be transmitted by covered taxpayers using their […]
UHY MAC’s 2022 Midyear Motivational Empowers The Professional’s Mind and Heart Towards Future Success Amid Modern Challenges
Dynamic cost, tax, system, and ‘doing business’ advisory accounting firm UHY M.L. AGUIRRE &CO., (UHY MAC) CPAs recently concluded its 2022 Midyear Motivational hybrid event on August 12 onsite at the UHY MAC conference room and via live streaming platform Zoom. The event aims to empower further and inspire the firm’s employees, its specialists from […]
Avoiding Tax Penalties in the Philippines
You finally got a hold of your sweet, hard-earned money. As a reward, you treated yourself to a nice, quick travel vacation and saved the rest to your savings. Sounds ideal, but you forgot one tiny detail… you forgot your taxes. That’s okay. There’s a next time. It’s just a small penalty fee. No need […]
Non-imposition of 25% surcharge on amended returns under RMC No. 43-2022
No surcharge on deficient tax amounts in relation to timely filed and paid taxes but with additional taxes to be paid (EWT, VAT, DST, etc.) Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 43-2022 lastApril 08, 2022 to end the confusion of the taxpayer with the previous RMC No. 54-2018 and RMC […]
Midyear Motivational 2022 Event
To All Employees, Babylon2k Specialists, and Esteemed Guests: On August 12, 2022, our Firm and all its affiliates will have its Midyear Motivational Event 2022. This once-a-year activity promotes self-wellness and motivational understanding that most of us need at these challenging times. The admin has invited 3 keynote speakers who will give us the 3i’s […]
Setting policies and guidelines for use of Electronic Invoicing/Receipting System (EIS)
Requiring taxpayers engaged in the export of goods and services, e-commerce, and large taxpayers to issue electronic receipts The Bureau of Internal Revenue (BIR) issued Revenue Regulation (RR) No. 08-2022 and RR No.09-2022 to address concerns regarding Electronic Invoicing/receipting systems[1] (EIS) by setting policies and guidelines. Taxpayers who are mandated to use EIS are those […]