The Ease of Doing Business and Efficient Government Service Delivery Act of 2018 or Republic Act No. 11032 applies to all government offices and agencies. This includes local government units … [Read more...] about Ease of Doing Business Act of 2018
Accounting Firm in Tarlac
Permit to Use Loose-Leaf Books of Accounts
This article is all about Loose-Leaf Books of Accounts. You should read this if you’re looking for an alternative in writing in your manual books of account. After reading this article, you … [Read more...] about Permit to Use Loose-Leaf Books of Accounts
Documentary Stamp Tax under TRAIN Law
This article is all about Documentary Stamp Tax under TRAIN Law that took effect on January 1, 2018. You should read this if you Buy, Lease and Sell Real Property, You issue Stocks, you issue Power … [Read more...] about Documentary Stamp Tax under TRAIN Law
Fringe Benefits Tax under TRAIN Law
This article is all about Fringe Benefit Tax under TRAIN Law that took effect on January 1, 2018. You should read this if you are the owner or the accountant of a company that gives benefits to … [Read more...] about Fringe Benefits Tax under TRAIN Law
Final Withholding Tax under TRAIN Law
This article is all about Final Withholding Tax under TRAIN Law that took effect on January 1, 2018. You should read this if you are the owner or accountant of a corporation, partnership and/or you … [Read more...] about Final Withholding Tax under TRAIN Law
10 Tax Exempt De Minimis Benefits under TRAIN Law
The De Minimis Benefits are benefits of relatively small value given by the employer to his or her employees to improve health, goodwill, contentment, or efficiency of his/her employees. These are … [Read more...] about 10 Tax Exempt De Minimis Benefits under TRAIN Law
How to Compute Income Tax Withheld on Compensation under TRAIN Law?
This guide is for business owners, professional, accountants, bookkeepers, students who want to learn how to learn how to compute Income Tax Withheld on Compensation under TRAIN Law. After reading … [Read more...] about How to Compute Income Tax Withheld on Compensation under TRAIN Law?
Withholding Tax on Compensation under TRAIN Law
Every business owner who have employees are required to deduct and withhold the tax from their employees. The employer is required to file taxes even if there is zero tax withheld. But not all … [Read more...] about Withholding Tax on Compensation under TRAIN Law
How do You Register your Employees to the BIR?
All employers shall require their concerned employees to accomplish in triplicate the: 1. Application for Registration BIR Form 1902, if the employee does not have existing TIN … [Read more...] about How do You Register your Employees to the BIR?
What are the Allowable Deductions in the Gross Estate under TRAIN Law?
This is a follow up article of my blog post “Estate Tax in the Philippines under Train Law”. You should read this if want to know what are the Allowable Deductions in the Gross Estate of … [Read more...] about What are the Allowable Deductions in the Gross Estate under TRAIN Law?
Estate Tax in the Philippines under Train Law
Death is inevitable. And so are taxes. Did you know? When someone dies in your family. All his or her properties will be transferred to the rightful beneficiary or his or her heirs. But … [Read more...] about Estate Tax in the Philippines under Train Law
Donor’s Tax in the Philippines under TRAIN Law
This guide is for the people who wants to know the updates in Donor’s Tax in the Philippines under TRAIN Law. You should read this if you can see yourself donating properties in the … [Read more...] about Donor’s Tax in the Philippines under TRAIN Law
What are VAT Exempt Transactions in the Philippines?
After reading this article, you will know if your transaction is VAT Exempt. The following are VAT exempt transactions under Section 109 of Tax Code A. Sale or importation of agricultural, … [Read more...] about What are VAT Exempt Transactions in the Philippines?
Quarterly Percentage Tax
What is Percentage Tax? Percentage Tax is a business tax that is imposed on persons who sell or lease goods, properties or services in the course of their business. Percentage Tax Under … [Read more...] about Quarterly Percentage Tax
How to Renew Business Permit in the Philippines
To avoid incurring unnecessary penalties, every business needs to Renew Business Permit in the Philippines You need to Renew Business Permit in the Philippines even if you just register your … [Read more...] about How to Renew Business Permit in the Philippines
What is the Difference between Sales Invoice and Official Receipt?
Every taxpayer engaged in trade or business are required to issue BIR registered Sales Invoice and Official Receipt for each sale of goods or services. Issuing a BIR Sales Invoice and/or Official … [Read more...] about What is the Difference between Sales Invoice and Official Receipt?
Reliabooks partners with BMWare in helping Tarlac business owners
We are happy to announce that Reliabooks Consulting is now a partner of BMWare Software Development in helping Tarlac business owners take their businesses to the next … [Read more...] about Reliabooks partners with BMWare in helping Tarlac business owners
What are the Books of Accounts?
When you register a business in the BIR, it is a requirement that you register and maintain your Books of Accounts. If this is your first time to hear that, this article will help you know and … [Read more...] about What are the Books of Accounts?
What are the Allowable Deductible Expenses in the Philippines?
If you want to minimize your income tax legally, you should know what the allowable deductible expenses in Philippines are. Because more expenses means lower income tax. But you should know that there … [Read more...] about What are the Allowable Deductible Expenses in the Philippines?
Which is better, Itemized Deduction or Optional Standard Deduction (OSD)?
As a business owner, you are required to file your Income Tax Return quarterly and annually. And when it comes to Income Tax Return, there are two types of tax deduction schemes. These are … [Read more...] about Which is better, Itemized Deduction or Optional Standard Deduction (OSD)?