Small Business Guide > Compliance

  • Extended BIR Deadlines of Tax Returns May 14, 2020 2 MINS READ
    [vc_row][vc_column][vc_column_text] Due to the lockdown, the BIR issued RR 11-2020 that outlines the extension of tax returns. Below is the updated extension of tax form deadlines that are available in the JuanTax Platform: Income Tax Return Withholding and Compensation Tax ...
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  • A 3-Step Guide to renew your Books of Accounts Jun 13, 2019 2 MINS READ
    We all want a hassle-free process when renewing government mandated permits. Check this guide out to help you renew your Books of Accounts in 3 easy steps. What To Bring: 1. BIR Form 1905 – Application for Registration Information Update/Correction/Cancellation...
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  • How To Apply for a Book of Accounts Permit to Use May 15, 2019 1 MIN READ
    Applying for authorization for the book of accounts only needs to be done when you choose to use a computerized accounting system or a loose-leaf book of accounts to keep your records. You shall be able to secure this permit...
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  • Clarifications on TWAs and TAMP Mar 15, 2019 2 MINS READ
    Revenue Regulations (RR) No. 11-2018 basically provides the list of taxpayers directed to withhold the EWT from the income payments to regular suppliers at 2% on services and 1% on goods. These taxpayers are identified as the Top Withholding Agents...
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  • Capital Assets and Implications on VAT Mar 15, 2019 4 MINS READ
    To understand the implications of value-added taxation (VAT) on capital assets, it is necessary that we first define what capital assets are and how VAT essentially works. Ordinary assets are property which a taxpayer uses in his trade or business,...
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  • Everything You Need to Know About Bookkeeping (Book of Accounts) Mar 15, 2019 3 MINS READ
    Keeping a book of your business transactions is a requirement of the Bureau of Internal Revenue (BIR).  All purchases must be recorded accurately and submitted to the BIR on designated deadlines. Keep in mind that your book of accounts and...
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