Minimize Cost in Accomplishing Your Payment Form 0605 for BIR Annual Registration As the year ends, accountants are wrapping up their tax compliance for 2019 while gearing up for 2020. And this means taking care of the annual BIR registration fee of 500 PHP using BIR’s Payment Form 0605. This is a yearly renewal requirement…
Digital tax filing and payment are intended to make tax compliance easier. The online tax payment also allows for fast-tracked payment of taxes to the BIR. Payment confirmation is a vital part of validating that your tax forms were successfully filed to the BIR and your tax dues were duly paid. The Payment Confirmation email…
We all love the beauty of online transactions. It’s fast, convenient, and you can accomplish all sorts of tasks without getting up your chair. Even filing your taxes is digitized through the eBIR website (https://efps.bir.gov.ph), which is the official BIR site for filing tax returns online. But first, what is an eBIR Form? The electronic…
Ever wondered if you can dispose of those receipts you’ve got tucked away? Well, hold your horses because according to the Bureau of Internal Revenue, you should keep your paper receipts for over 5 to 10 years. It’s the implemented rule by the Bureau of Internal Revenue for the electronic storage of documents. According to…
Nowadays, with the advent of technology and rapidly growing workspaces, distractions are everywhere. You can’t get your reports done in time because your company keeps pulling you out for meetings. In some cases, your work gets delayed because you don’t receive the data you need fast enough. With the nature of your job, you don’t…
3 Reasons Why Digital is Both your Friend and your Foe When does traditional end and digital begin? Digital has wedged its way into our lives slowly and surely, from our school to our jobs. The common workspace used to be filled with bulky computers, filing cabinets, and all sorts of knick-knacks. But now, each…
