This is a comprehensive guide on offline eBIRForms, which are commonly used in the Philippines for tax-related purposes. This guide is essential for taxpayers who are new to the system or have limited access to the internet and find it challenging to understand how to use offline eBIRForms. What are Offline eBIRforms? Offline eBIRForms are…
As someone who is likely to be filing taxes, you may be wondering how you can make the process more efficient and less cumbersome. One solution is the eBIRForms Package also known as the Offline eBIRforms package, a free downloadable tax preparation software application developed by the Bureau of Internal Revenue (BIR) in the Philippines.…
These tools are exactly what you need for your accounting kit Whether you’re a Certified Public Accountant, an accounting student, or managing finances for a small business, you’re gonna need the right tools to get started when it comes to tax filing, payroll management, and more. There are dozens of online accounting tools you can…
Deciding to buy something can be a tough purchasing decision. You may have a budget, but you also want to get the most value out of your money. This is why you have needs vs wants when it comes to purchasing items. Understanding these categories will help you make better decisions about what you should…
Over the years, the retail industry has grown immensely as it continues to adapt and embrace digital transformation. The increasing popularity of e-commerce, or online shopping these days, makes day-to-day operations even busier than usual, especially when it comes to keeping a closer eye on business financial information. While it’s crucial for any type of…
Money is a fascinating and complex topic that has been viewed in various ways throughout history. While some consider it the ultimate goal in life, for others, it is a means to an end. Whatever your perspective, it is essential to remember that money can be a powerful tool to help you achieve your life…
Accounting has always been crucial to the operation of organizations, from small start-ups to publicly traded global corporations. Accountants and auditors, they are acutely aware of how crucial it is to continue providing their services to those firms and to their clients. In the Philippines, the role of accountants has evolved over time, from traditional…
The Bureau of Internal Revenue (BIR) has recently issued Revenue Regulations (RR) No. 21-2021 which amended certain provisions including RR No. 13-2018, under page 15 of 20: Overview of the TRAIN Law and its impact on the Philippine tax system The Tax Reform for Acceleration and Inclusion (TRAIN) Law is a tax reform program implemented…
How can I request a transfer of RDO? To transfer/update registration from one RDO to another follow these steps: File a duly accomplished BIR Form 1905 (Application for Registration Update) in 2 original copies where your TIN is currently registered. Indicate the new RDO where you are requesting to be transferred. Bring the BIR Form…
As another year draws to a close, we are once again reminded that we have to prepare our financial statements, inventory listing, and other reports such as tax returns and the required attachments therein to start the new year without mishaps. For guidance, below is a list of tax-related information one should know and adhere…
