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National Internal Revenue Code of 1997 5th Edition
In a fast-paced business environment, efficient payroll systems are crucial for the smooth operation of any company. It isn’t just about paying employees—every successful disbursement involves a range of activities that ensure compliance with tax laws, accurate processing, and timely payment of salaries. Simply put, while we ”PAY”, the people working to complete the processes are “ROLL“-ing.
The Social Security System (SSS) has issued Circular No. 2024-006 dated December 19, 2024, reflecting an increase in mandatory contribution rates and adjustments to the monthly salary credit, pursuant to the provisions of Republic Act (RA) No. 11199 or the Social Security Act of 2018. These changes took effect on January 1, 2025.
With the election season in full swing, the streets, walls, and public spaces are flooded with plastic tarpaulins—typically made of polyethylene, a durable and flexible thermoplastic—bearing the faces and promises of political candidates.
When a group of companies work together, each member contributes their unique strengths and skills to achieving common goals through helping each other.
Many businesses savored the surge in sales and services during the holidays, with the increase in foot traffic and consumer’s high spending last season having surely boosted every business’ normal earnings.
The Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 18, Series of 2024, last December 26, 2024, which provides the guidelines for the disclosure of fees paid to external auditors by publicly listed companies and other public interest entities (PIE).
One of the greatest threats to any organization is one that comes from within: corporate fraud and misconduct. Often, organizations are more concerned about the external threats they face such as market competition or economic downturns.
It is true that certain things in this life are unavoidable, regardless of status. Benjamin Franklin once said that “In this world, nothing is certain except death and taxes.” That means, you still can’t escape paying taxes until you die.
