Traditional vs. Modern Day Accountants: Which One Are You?

Accounting has changed tremendously over the years, especially with the introduction of the internet. However, there are still major differences between modern-day and traditional accountants despite the advancements. Here are some differences between the two, check which one are you: Modern-Day Accountants  Traditional Accountants Can work in the office or at home virtually Works in…

RMC 111-2021: Availability of offline electronic bureau of internal revenue forms (eBIRForms) package version 7.9.2

The Bureau of Internal Revenue (BIR) has issued a memorandum on the included forms which are available offline with the release of package version 7.9.2. The forms that will be included in the new Offline eBIR Package are 2018 versions of the following: 2552 Percentage tax return for transactions involving shares of stock listed and…

What is BIR?

The Bureau of Internal Revenue (BIR) is an affiliated agency of the Department of Finance and is in charge of collecting national taxes in the country. The BIR is required by law to assess and collect all national internal revenue taxes, fees, and charges, as well as to execute any forfeitures, penalties, and fines associated…