Section 141 of the Corporation Code of the Philippines requires a Corporation, lawfully doing business in the Philippines, to submit to the Securities and Exchange Commission (SEC) an annual report of its operations, together with a financial statement of its assets and … [Read more...]
BIR Form 2316: What Employers and Employees Should Know
BIR Form 2316 or Certificate of Compensation Payment / Tax Withheld For Compensation Payment is a certificate issued by the employer to all employees receiving salaries, wages, and other forms of remuneration during the calendar year. It contains the total amount paid by the … [Read more...]
3 Years after Haiyan, Eastern Visayas is Set to Accelerate Digital Economy
Considered as the biggest gathering of champions of the information and communication technology (ICT) industry in the Philippines, the 8th National ICT Summit is set to be held in Eastern Visayas, more specifically in Palo, Leyte and is expected to join together both public and … [Read more...]
What Businesses Should Know about the No Shortchanging Act (Republic Act 10909)
Operating a business in a country such as the Philippines can be quite interesting not only because of the diversity of the market but also with the corresponding traditions that affect how you run your establishments. One of this traditions which is a peculiar practice in the … [Read more...]
6 Wishes Micro and Small Business Owners want from a Duterte Government Administration
Although the result of the May 2016 presidential election is not yet complete and official, it is already probable that Rodrigo Duterte will be the 16th president of the Republic of the Philippines. Whether we voted for him or not, it is our obligation to give full support to the … [Read more...]
12 Tips for a Smooth Annual ITR Filing in the Philippines
The deadline of regular annual income tax return filing in the Philippines is April 15. Business owners, accountants, bookkeepers, auditors and the tax authorities will begin to feel the tax season's breeze in the coming months. Although it’s still a quarter of a year away from … [Read more...]
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