How to sell your Bookkeeping Practice

Easy as it may be read, the intricacy of selling a bookkeeping practice must be taken into account, considering the processes and decision-making involved in it. You have to make sure that it is a win-win situation for you, your existing clients, and the firm you are negotiating with. Here are some of things you…

A Guide to Tax Deductions and Handling Official Receipts

Tax deductions are important for businesses in the Philippines, as they reduce taxable income owed to the government. In this guide, we discuss the management of official receipts to make sure businesses can capitalize on available deductions effectively. It’s crucial to understand that deductions are accessible when transactions are mainly for business purposes and supported…

Tax Compliance Reminders 2024

Amidst the busyness of starting the new year, we taxpayers must be mindful of our duties in completing compliance standards. This means keeping up with the reporting requirements established by both the Bureau of Internal Revenue (BIR) and the Local Government Units (LGU). Read more to learn about the deadlines: The BIR Compliance Annual Returns…