Businesses hire external auditors to examine their business records and assess the fairness of their financial statements through the issuance of an auditor’s independent opinion or report. Audited Financial Statements are usually used by regulatory government agencies where the … [Read more...]
How to Stop Corruption in the Philippines
It’s good that the Philippines is developing and rising. Have you heard the news about the strengthening of the Peso and the growth of the Philippine stock market? Can you feel them? Whether you feel them or not, there’s a fact that we are still left behind by other countries and … [Read more...]
Political Ads in the Philippines for 2013 Elections
The campaign period for the national candidates (i.e. senators and party-list groups) has officially started on February 12, 2013, and it will last until May 11, 2013. For the candidates running for the positions in the House of Representatives and local government units … [Read more...]
Doing Business, More Fun in the Philippines?
The Department of Tourism (DOT) is consistently promoting our national tourism slogan… “It’s more fun in the Philippines”, and now they are also trying to make “doing business” more fun in the Philippines. With the increasing value of the Peso and the growth of our economy, as … [Read more...]
Incorporating a Business in the Philippines
In the Philippines, the common types of business according to ownership structure are sole proprietorship, partnership, and corporation. You may read our post about the different types of businesses in the Philippines here. If this is your first time to start a corporation, you … [Read more...]
What are the Income Tax Rates in the Philippines for Individuals?
What are the income tax rates in the Philippines for individuals? Individual taxpayers, as opposed to corporations and partnerships, include employees and self-employed persons engaged in business or practice of profession. The Philippines usually uses graduated income tax rates … [Read more...]
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