Accounting and taxation comes hand in hand. Whatever is captured in the books should be reported to the revenue regulating authority which is the Bureau of Internal Revenue.
We shall prepare logically your annual reports, processing, filing and payment to Bureau of Internal Revenue (BIR) Income Tax Return, drafting, reviewing of Financial Statement and External or Independent Auditor’s Report issuance including the submission of reports to Securities and Exchange Commission (SEC) if Corporation. Our Certified Public Accountants (CPAs) will audit and review the Financial Statement and Income Tax Return computed or generated by our Accounting Assistants.
Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.
Relevant financial information is presented in a structured manner and in a form easy to understand. They typically include basic financial statements, accompanied by a management discussion and analysis:
A balance sheet or statement of financial position, reports on a company’s assets, liabilities, and owners equity at a given point in time.
An income statement or statement of comprehensive income, statement of revenue & expense, P&L or profit and loss report, reports on a company’s income, expenses, and profits over a period of time. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period.
A Statement of changes in equity or equity statement, reports on the changes in equity of the company during the stated period.
A cash flow statement reports on a company’s cash flow activities, particularly its operating, investing and financing.
For large corporations, these statements may be complex and may include an extensive set of footnotes to the financial statements and management discussion and analysis. The notes typically describe each item on the balance sheet, income statement and cash flow statement in further detail. Notes to financial statements are considered an integral part of the financial statements.
To develop a comprehensive tax strategy for your business, we cover various considerations relevant to your particular business, i.e., industry, markets, finance, economics, and government regulations. We take a consultative approach rather than focus on compliance to identify all your risks.
Our tax professionals can provide these diverse disciplines to help you minimize tax liabilities and meet compliance obligations. We can be your advocates with tax authorities to support a tax position that will work to your advantage. And we can give you tailored, implementable and defensible tax planning structures.
Annual ITR and Financial Statement
Yearly Income Tax Return (ITR) – Audited and Certified by an accredited Board of Accountancy (BOA) Accountant
We assist companies all over the country with the following services.
• Taxation consultancies, studies and opinions
• Tax savings and exemptions availments
• Handling tax examinations and assessments
• Securing BIR Rulings and interpretations
• Securing tax refunds and tax credit certificates
• Preparation and filing of tax returns
• Tax compliance review
• Tax due diligence engagements
• Tax restructuring engagements
• Capitalization & equity restructuring
• Mergers and consolidation
We assist locally registered companies in the preparation and submission of the tax returns. These tax returns includes, but not limited, to the following: Income Tax, Value-Added Tax (VAT), Percentage Tax, Withholding Tax – Expanded and Withholding Tax – Compensation.
Monthly computation and preparation of the following BIR tax returns:
BIR Form 1601E – Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded)
BIR Form 1601C – Monthly Remittance Return of Income Taxes Withheld on Compensation
BIR Form 2551M – Monthly Percentage Tax Return
BIR Form 2550M – Monthly Value-Added Tax (VAT) Declaration
Quarterly computation and preparation of the following BIR tax returns:
BIR Form 1701Q – Quarterly Income Tax Return for Self-employed Individuals, Estates, and Trusts (Including Those with both Business and Compensation Income)
BIR Form 1702Q – Quarterly Income Tax Return for Corporations, Partnerships and Other Non-Individual Taxpayers
BIR Form 2550Q – Quarterly Value-Added Tax (VAT) Return
BIR VAT RELIEF Files – Schedule of sales, purchases and importations
Annual computation and preparation of the following BIR tax returns:
BIR Form 1702 – Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer
BIR Form 1701 – Annual Income Tax Return for Self-Employed Individual
BIR Form 1700 – Annual Income Tax Return for Individual Earning Purely Compensation Income (For employees)
BIR Form 1604CF – Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes
BIR Form 1604E – Annual Information Return of Creditable Income Tax Withheld (Expanded)
Preparation of Certificate of Withholding Tax Returns:
BIR Form 2307 – Certificate of Creditable Tax Withheld at Source
BIR Form 2316 – Certificate of Compensation Payment / Tax Withheld For Compensation Payment With or Without Taxable Withheld