Tax compliance service
in the Philippines.
Keep your tax filings up to date with the help of our expert tax team. We are familiar with working with the Bureau of Internal Revenue (BIR) in the Philippines and will make sure your tax filings are accurate, delivered on time and reduce your tax liability.
Stay on top of your tax compliance.
On-time flings & returns
We calculate and file your tax returns accurately and on time, making sure you won’t face any penalties or late fees.
Always up to date
Our professionals always stay current with the regional and local tax regulation changes.
Strategic tax advisory
We offer strategic tax advice on topics such as optimising your tax spending, decreasing the risk of double taxation, tax incentive systems and more.
Common questions & answers.
In addition to being required by BIR and SEC to keep proper records and accounts of business transactions, record-keeping also lets you gain insights into how your business is performing. It allows you to see which products or services are profitable and what changes you can apply. Having good records also makes preparation of financial statements easy and accurate, resulting in efficient and on-time tax returns filing.
Before you can convert from Excel to Xero, you need to set your Xero start date (also conversion date), which is recommended to be the start of the financial year or the start of the sales tax reporting period. To move your data from Excel to Zero, you need to download Xero’s CSV import template. Copy your data over to the template and save it as a CSV. Then import the file into Xero. A conversion date is important as matching all historical data from years ago will be time-consuming and costly. So, it is more practical to set a conversion date and simply entering bills and invoices during that time.
To move your data from Excel to QuickBooks, you need to install first the QuickBooks Import and CSV toolkit. From your Excel, you can import customer, vendor, items, and chart of accounts data. The toolkit wizard will instruct you on how to enter your data in the provided spreadsheet template and how to map your accounts.
Changing accountant is a simple and straightforward process. First, you find and engage a new accountant through a formal latter that also states agreement for services. When all has been agreed upon, you need to inform your existing accountant about your intentions of changing to a new one. Your new accountant may also issue a notice of takeover. Both parties will proceed to courier of files and information from your existing accountant to a new one. You will be set up in your new accountant’s system, and the takeover is finalised and closed.
A bookkeeper is tasked with recording a company’s financial information, while an accountant is to analyse and develop insightful reports out of the data. A bookkeeper’s job is transactional and administrative where it involves handling of the daily tasks of recording purchases, receipts, sales, payments, and other financial transactions. On the other hand, an accountant’s job is subjective, where it involves providing financial insights that are based on the bookkeeper’s recorded data.
A financial statement is a document that shows a company’s business activities and financial standing. It is audited by government agencies, accountants, and business partners for purposes of accuracy, tax, financing, and investment.
A financial statement is comprised of three main parts. An income statement or profit and loss statement that indicates how much profit or loss a company has incurred. A balance sheet or statement of financial position that shows a company’s assets, liabilities, and shareholder’s equity. And a cash flow statement that provides information as to how a company generates cash to fund activities, investments, and debt obligations