Insights and guides for Philippine businesses.
Tax updates, compliance guides and practical advice on bookkeeping, payroll and running your finances, with references to the official sources.
Creditable Withholding Tax Now Goes on Your Invoices: What RR 6-2026 and RMC 112-2026 Mean for Your Business
RR 6-2026 requires invoices to show creditable withholding tax as a separate item. RMC 112-2026 explains when it applies, how to stamp old invoices, and the system deadlines.
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E-Invoicing by December 31, 2026: What RMC 98-2026 and the New ESP Rules Mean for Your Business
RMC 98-2026 requires covered businesses to issue BIR-compliant e-invoices by December 31, 2026. Learn who is covered, what counts as an e-invoice, the PTI and EIS steps, and what RMC 110-2026 means for vendors.
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Philippine Payroll Compliance: What Every Business Must Know About BIR, SSS, PhilHealth, Pag-IBIG, SEC, and DTI Requirements
Every Philippine employer must comply with BIR, SSS, PhilHealth, Pag-IBIG, SEC, and DTI. This guide covers all mandatory obligations, current rates, filing deadlines, and penalties for non-compliance.
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How to Properly Close Your BIR Registration in the Philippines: What RMC 47-2026 Changes for Business Owners
Stopped operations but never closed your BIR registration? Under RMC 47-2026, the process is now standardized — with a 3-business-day clearance for micro taxpayers. Here's what to do.
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What Happened to Official Receipts in the Philippines? Key Changes Under the EOPT Act
Official Receipts are no longer valid for Input VAT claims. Under RR 7-2024, the Invoice is now the only principal document for goods and services. Learn what changed and how to update your business.
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Latest Bookkeeping & Accounting Updates Philippines | May 2026
Key compliance changes for May 2026: mandatory ORUS book registration, the new SEC Php 3M audit exemption, extended BIR and SEC deadlines, PFRS 18, sustainability reporting, and inflation impacts on your books.
Read articleNavigating the Future: Key Bookkeeping and Accounting Updates in the Philippines (Q2 2026)
Three Q2 2026 developments every accountant must know: the JUAN Accounting Software launch, the PAS 1 amendment shifting to "material" policy disclosures, and what Q1 2026 GDP growth means for your books.
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Fuel Up. Peso Down. Inflation Rising. Your Cashflow Will Make or Break Your Business in 2026
Diesel past ₱130. Peso at historic lows. Inflation at 5.1%. Six economic pressures are hitting Philippine SMEs simultaneously in 2026. Here's what happened, what it means for your cash flow, and what to do now.
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Bookkeeping Basics Every Filipino Entrepreneur Must Understand Before Tax Season
Good bookkeeping isn't optional in the Philippines — it's a legal requirement. This guide covers the five core concepts, three types of BIR books, records every entrepreneur must keep, and a practical monthly system to make tax season manageable.
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Common BIR Audit Red Flags and How Philippine Businesses Can Avoid Them
BIR audits aren't random. Learn the 10 most common red flags that trigger a BIR examination — from gross margin benchmarks and 2307 mismatches to unsupported deductions — and exactly how to avoid them.
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How to File Your Annual Income Tax Return (ITR) Using BIR eBIRForms
Step-by-step guide to filing your Annual ITR in the Philippines via BIR eBIRForms — choosing the right form, filling income and deduction schedules, submitting electronically, and paying via GCash or AABs.
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Setting Up Payroll for the First Time in the Philippines: What Every New Employer Needs to Know
Hiring your first employee in the Philippines triggers BIR, SSS, PhilHealth, and Pag-IBIG obligations from day one. This step-by-step guide covers registrations, deductions, payslips, remittances, and what every new employer must get right.
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Understanding BIR Registration: A Complete Guide for New Business Owners in the Philippines
Learn the step-by-step BIR registration process in the Philippines — TIN application, RDO, books of accounts, Authority to Print, and post-registration compliance obligations for new business owners.
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VAT vs. Non-VAT: Which Tax Regime is Right for Your Philippine Business?
VAT or Non-VAT? This guide explains the Php 3M threshold, the 3% Percentage Tax, input VAT credits, the 3-year voluntary registration lock-in, and which regime best fits your Philippine business type.
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Year-End Tax Compliance Checklist for Philippine MSMEs
A complete year-end checklist for Philippine MSMEs — covering books closing, income tax, VAT, withholding taxes, SSS/PhilHealth/Pag-IBIG reconciliation, SEC filings, permit renewals, and all key BIR deadlines.
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